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With More than 50% Voting Power, Curve's Founder Promises to Hold Back on Voting

24 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

The Curve Finance (CRV) project has come under scrutiny for the fact that founder and CEO Michael Egorov holds roughly 60% of the network’s voting power - a conscious choice to prevent other larger holders from controlling the network. YFI co-founder...

Aave's Founder Would Like to Tokenize Tesla

24 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The founder of decentralized lending platform Aave (LEND), Stani Kulechov, made an interesting proposition to Elon Musk via Twitter on August 21, telling him that he would one day like to see cars be used as collateral to borrow USD Coin (USDC). Kul...

Tether Moves $1B From TRON to Ethereum

24 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Tether (USDT) has conducted a token swap at the request of an exchange, moving $1 billion from the TRON (TRX) network to Ethereum (ETH), according to a tweet posted on August 19. Tether shifted $1 billion worth of USDT from TRON to Ethereum Exchange...

Aragon Network DAO 8 Weeks Away From Its Major Phoenix Phase

21 Aug 2020 1 minute read 8 comments Abhimanyu Krishnan

The Aragon (ANT) Network’s DAO is due to be released in 2 months, the team revealed in a blog post published on August 19. Aragon Network is a 3-phase initiative that was announced in November 2019; the team describes the DAO as being able to foster...

Winklevoss Brothers Join $50M Investment Round in BlockFi

21 Aug 2020 1 minute read 4 comments Abhimanyu Krishnan

The Winklevoss twins’ investment firm, Winklevoss Capital, participated in a Series C funding round for BlockFi that saw the latter raise $50 million, according to an announcement made on August 20.  Funding was led by Anthony Pompliano’s Morgan Cre...

Ampleforth Launches 9 New $AMPL Faucets for Liquidity Providers

21 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The Ampleforth (AMPL) Foundation announced the launch of 9 new liquidity pools for its $AMPL token. Ampleforth's liquidity program called Geyser initially launched on June 23. The team now decided to expand beyond Uniswap, making 9 pools at mooniswap...

ETC Labs Announces ETC Security Fixes to Fight 51% Attacks

21 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Blockchain development company ETC Labs has revealed fixes to improve Ethereum Classic’s (ETC) defenses against 51% attack on August 19, following multiple  incidents over the past few weeks that have damaged the network’s reputation. Fix is only a...

Bitfinex Lists Chainlink (LINK)

20 Aug 2020 1 minute read 2 comments Abhimanyu Krishnan

Cryptocurrency exchange Bitfinex opened withdrawals for Chainlink (LINK), as per a blog post posted on August 20. Trading and withdrawals will begin on August 21 The asset has been paired against USD and Tether (USDT) LINK has been one of the best p...

REN Price Skyrockets As it Crosses Over 10K Bitcoins to Ethereum

20 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The price of the REN token has hit an all-time on August 18, and continues a remarkable rise that began in late July 2020. REN hit an all-time of $0.56 on August 18; price at the time of publishing is ~$0.47 REN is a part of RenVM, an open protocol...

XRP Does Not Compete With Any Stablecoin, Exec Says

20 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Ripple's senior director of global operations Emi Yoshikawa was interviewed by Japanese crypto exchange FXcoin, where she said that the XRP token is not competing with stablecoins or Central Bank Digital Currencies (CBDCs).  Yoshikawa considers XRP...