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MakerDAO Won't Compensate Black Thursday Victims

24 Sep 2020 1 minute read 2 comments Abhimanyu Krishnan

The Maker Foundation will not compensate Vault owners, who suffered losses as a result of the Black Thursday market crash, after a governance poll concerning the same concluded on September 22. The poll, which began on September 8, saw over 57,000 v...

Gemini Fully Expands Its Operations to the UK

24 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

New York-headquartered Gemini Exchange has received approval from the UK’s Financial Conduct Authority (FCA) to operate as an exchange and custodian, according to a press release published on September 23. The Electronic Money Institution (EMI) lice...

Dune Analytics Raises $2M

24 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

DeFi data platform Dune Analytics has raised $2 million in a seed funding round led by Dragonfly Capital, according to an announcement made on September 23. In addition to Dragonfly Capital, Dune Analytics received investment from Multicoin Capital,...

Venezuela Legalizes Crypto Mining, With Some Big Restrictions

24 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

Local news outlet Criptonoticias on September 22 reported that the nation had legalized cryptocurrency mining, albeit with several caveats. The regulation comes with several conditions, failing to adhere to these conditions could result in penalties...

Panxora Raising $50M for DeFi Hedge Fund

24 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Cryptocurrency fund manager Panxora will raise $50 million for a DeFi-focused hedge fund according to CEO Gavin Smith, who was interviewed by CoinDesk on September 23. Panxora will offer traders features such as an AI trading software which be used...

Tim Draper Sheds Light on Altcoin Portfolio

24 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Bitcoin proponent and investor Tim Draper revealed his cryptocurrency holdings at a recent investment conference.  Draper reveals that his portfolio consists of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tezos (XTZ), and Aragon...

tBTC Launches With Plans to Bring More Bitcoin to Ethereum

23 Sep 2020 1 minute read 4 comments Abhimanyu Krishnan

Thesis founder Matt Luongo announced on September 23 that the Keep Network had released what he believes is the first permissionless, censorship-resistant Bitcoin (BTC) bridge on Ethereum (ETH). Users can deposit BTC and mint tBTC on Ethereum, a tok...

Cameron Winklevoss: DeFi Boom is Different From 2017 ICO Mania

23 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Gemini Exchange co-founder Cameron Winklevoss has commented on the recent DeFi boom and its comparison to the 2017 ICO mania, tweeting on September 22 that there was a great deal of difference. Winkelvoss says that in 2017, no working products were...

Microstrategy CEO Says He Could Liquidate $200M in Bitcoin Holdings At Any Time

23 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Microstrategy CEO Michael Saylor, in an interview with Bloomberg on September 22, said that the firm’s $400 million in Bitcoin (BTC) holdings could be “liquidated at any time.” Saylor believes that Bitcoin is less risky than both gold and cash, and...

Joke Token $FEW Backfires on ETH Influencers

23 Sep 2020 1 minute read 2 comments Abhimanyu Krishnan

Ethereum (ETH) influencers have fallen into hot water after their joke token, FEW, was accused by many to be a pump and dump scam. Anonymous yearn.finance supported BlueKirby on September 23 tweeted about a Telegram group which had several prominent...