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Filecoin Launches on Mainnet

16 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized storage mechanism protocol Filecoin has launched on the mainnet, according to an official announcement made on October 15. Filecoin transitioned to the mainnet at block 148,888, following 3 years of development The team says that the p...

US CFTC Chairman Praises for Ethereum, Says It's Bigger Than Bitcoin

15 Oct 2020 1 minute read 3 comments Abhimanyu Krishnan

United States Commodity Futures Trading Commission (CFTC) Heath Tarbert, in an interview conducted during invest: ethereum economy conference on October 14, offered unreserved praise for Ethereum (ETH). Tarbert was interviewed by CoinDesk’s Michael...

Users Stake 1B in ZIL on Zilliqa's DeFi Platform

15 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Zilliqa’s new DeFi platform has seen over 1 billion of ZIL, worth approx. ~$19M staked in only a few hours, according to a tweet posted by the team on October 14.  Zilliqa’s non-custodial staking platform will “drive more value and utility into Zill...

Bancor Legal Team Asks for NY Court Case to Be Handled Internationally

15 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Bancor’s legal team has asked for a court case filed in the U.S. Southern District of New York to be dismissed, saying that it would be more suitable for it to be held internationally. The filing was first reported by Law360. Court filings published...

Trezor's New Desktop Wallet Aims to Reduce Phishing Attacks

15 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Hardware wallet manufacturer Trezor has released the beta version of Trezor Suite to the public, according to an announcement made on October 14, stating that the new desktop wallet will reduce exploits as a result of phishing. Trezor’s new desktop...

Maker Governance Community Votes to Add BAL and YFI as Collateral

15 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

The Maker governance community is all set to vote on the addition of Balancer (BAL) and yearn.finance (YFI) as collateral for generating stablecoin DAI, according to a blog post published on October 12. The Maker team has added proposals for the add...

First Uniswap Governance Poll Results in Controversy

15 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Uniswap’s first governance proposal, initiated by DeFi platform Dharma, has stirred up controversy as some community members allege that the proposal is designed to favor whales. The proposal is aimed at altering the proposal submission and quorum r...

Tether Might Replace Ethereum's Position on Coinmarketcap

14 Oct 2020 1 minute read 5 comments Abhimanyu Krishnan

A report from Bloomberg published on October 5 suggests that Tether (USDT) could soon overtake Ethereum (ETH) in terms of market cap. The Bloomberg Crypto Outlook report for Q4 2020, which discussed various aspects of the market, states that Tether’...

$10B Asset Manager Reveals Its $115M Bitcoin Investment

14 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Asset management firm Stone Ridge had revealed that it had been investing Bitcoin under a subsidiary company since 2017, and now holds $115 million in the asset. In 2017, Stone Ridge subsidiary New York Digital Investment Group (NYDIG) raised $50 mi...

Tim Draper’s VC Firm Raises $25M for Blockchain Venture Fund

14 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Tim Draper’s VC firm Draper Goren Holm has raised $25 million for its first venture capital fund, CoinDesk first reported on October 13. Draper Goren Holm’s first venture capital fund will be used to support its startup accelerator and back blockcha...