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ECB: Stablecoins a Less Plausible Store of Value, Term Stablecoin is Misleading

23 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

The European Central Bank (ECB) issued a report on September 22 where it spoke, among other things, on stablecoins. It tentatively suggested that digital assets could be useful, but also notes that it poses risks to current systems. The report discu...

Origin Releases OUSD, a Combination of USDT, YFI & AMPL

23 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

On September 23, the Origin Protocol released its Origin Dollar (OUSD) stablecoin with an accompanying wallet, which provides interest on savings without requiring prior staking or farming. The stablecoin does not require staking or addition to a li...

Twitter Founder May Put Significant Amount of Money into Bitcoin, Analyst Says

22 Sep 2020 1 minute read 7 comments Abhimanyu Krishnan

Well-known cryptocurrency analyst Willy Woo commented on Bitcoin (BTC) and the state of the cryptocurrency market on Twitter on September 18, and suggested that Twitter CEO and co-founder Jack Dorsey may be readying himself for a big investment in Bi...

$MEME Token Reaches Insane Valuation of More Than $1900

22 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Joke coin Degenerator (MEME) has spiked to over $1900 after being listed on the Poloniex exchange. In early September, MEME only held a market cap of roughly $3 million at a price of $109; the market cap is now $35 million with a current price of $1...

YAM Aligns to Its Original Vision After Relaunch

22 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

On September 22, YAM finance provided details on its development focus for the near future, after having relaunched its platform in the wake of a critical bug that halted the original version. Saying that the relaunch of YAM was “to largely replicat...

Crypto-powered Sportsbet Becomes Official Partner of English Football Club Arsenal

22 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Cryptocurrency sportsbook platform Sportsbet.io has signed a 3 year deal with English football club Arsenal FC, according to a press release published on September 21. Sportsbet.io and Arsenal will collaborate to create “exclusive experiences” for f...

90% of Institutional Investors Will Increase Crypto Position, According to Survey

22 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Cryptocurrency firm Evertas published the results of a new survey on institutional interest on September 21, and the results look optimistic for Bitcoin (BTC) and the market. The survey examined the holdings and strategies of exchanges, custodians,...

93% Yield Farmers Claim to Have More Than 500% ROI, Survey Says

22 Sep 2020 1 minute read 5 comments Abhimanyu Krishnan

CoinGecko published a new survey on Yield Farming on September 21 gives some key insights into the state of the service and its popularity with traders. CoinGecko conducted the survey to learn about the sustainability of yield farming, trader unders...

Cream Finance Burns 67.5% of Tokens, Pumps 100% Shortly After

21 Sep 2020 1 minute read 2 comments Abhimanyu Krishnan

Cream Finance has burned 67.5 of its 9 million CREAM token supply on September 20, as initially announced in a blog post published on September 19. The team has burnt 6.075 million of its governance token CREAM; the burnt tokens include both 100% of...

Yearn Finance Founder Says He Would Like to Be Uniswap Delegate

21 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Yearn Finance (YFI) founder Andre Cronje has revealed his desire to act as a Uniswap delegate, tweeting on September 19 about the motivation and plans were he to become one. Cronje said that he had no intention of proposing a YFI-ETH liquidity pool...