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Prysmatic Lab ETH 2.0 Devs Confident On November Launch Date

14 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Prysmatic Labs developer Raul Jordan believes that its highly anticipated Ethereum 2.0 upgrade will meet its November launch date, according to a blog post published on September 11. Jordan is a developer for Ethereum 2.0 development team Prysmatic...

Paying Taxes in Bitcoin and Ethereum Possible in Switzerland Canton of Zug from 2021

4 Sep 2020 1 minute read 52 comments Abhimanyu Krishnan

Citizens and businesses in the Swiss canton of Zug will be able to pay taxes in Bitcoin (BTC) and Ethereum (ETH) from 2021, following a partnership between authorities and Zug-based crypto broker and custodian Bitcoin Suisse, according to a report pu...

MetaMask Now Available on Android and iOS

4 Sep 2020 1 minute read 18 comments Abhimanyu Krishnan

On September 4, the MetaMask wallet was made available on both Android and iOS phones, ending the roughly year long beta testing period for the popular cryptocurrency wallet. Developed by ConsenSys, MetaMask is one of the most popular cryptocurrency...

DeFi Heats Up as Curve Finance is About to Get Forked

4 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

A new fork of Curve Finance (CRV), called Swerve, is due to launch soon, according to a tweet posted on September 4. The developers behind the fork state that it will employ a more fair distribution model for its native token, SWRV. All of the 33 mi...

Bloomberg Analyst: Bitcoin Could Reach $500k or Fail

4 Sep 2020 1 minute read 5 comments Abhimanyu Krishnan

Bloomberg Intelligence analyst Mike McGlone, in a report published on September 3, has offered a cautiously optimistic view for the future of Bitcoin (BTC), saying that it could be either highly successful or fail entirely. McGlone describes Bitcoin...

yEarn.Finance's yETH Vault Secures $140M in 2 Days

4 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

yEarn Finance’s yield farming mechanism yETH vault, has secured over $140 million in just 2 days,  The yETH vault was launched on September 2, and automates the liquidity provision process In the case of the yETH vault, ETH is provided to Maker CDPs...

Report Shows That Tether Might Not Hold Enough Fiat Reserves

3 Sep 2020 1 minute read 6 comments Abhimanyu Krishnan

The Central Bank of Bahamas on August 31 published a quarterly report. According to one Twitter user, this indicates that Tether (USDT) may not have enough USD reserves to back all of its supply.  On August 31, the Central Bank of Bahamas released a...

Kazakhstan Aggressively Seeks Investments in Cryptocurrency Mining Farms

3 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Kazakhstan is seeking $714 million in investment for cryptocurrency mining farms, with talks already underway, according to a Reuters report published on September 2. Digital Development Minister Bagdat Mussin announced the news on Wednesday Mussin...

Binance Launches Smart Chain

3 Sep 2020 1 minute read 5 comments Abhimanyu Krishnan

Binance announced on September 1 that it had launched the Binance Smart Chain on the mainnet, bringing additional features to the existing Binance Chain and Binance Coin (BNB). Binance Smart Chain (BSC) will run alongside Binance Chain, allowing for...

New Meme Coin HotDogSwap Out, Goes from $0 to $6000 and Back to $0

3 Sep 2020 1 minute read 2 comments Abhimanyu Krishnan

The DeFi market has received yet another asset named after food, this time a meme coin called HotDogSwap, which was released on September 2. The asset experienced tremendous volatility in a matter of minutes, highlighting the increasing number of unv...