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DEX dYdX and StarkWare Partner for Layer-2 Scaling Integration

19 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized exchange (DEX) dYdX has partnered with layer-2 scaling solution project StarkWare, according to an announcement that was made on August 18. The collaboration will focus on bringing a layer-2 scaling solution to perpetual smart contracts...

DeFi May Be Overestimated by Nearly 3 billion

19 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The DeFi market’s locked in value might be inflated by nearly $3 billion, according to Encode Club founder Damir Bandalo. In a tweet posted on August 17, Bandalo said that he had calculated how much was locked in protocols and found a disparity. Ban...

Huobi Launches Global DeFi Alliance for Protocol and Communication Standards

18 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Huobi has launched the Global DeFi Alliance via its DeFi division, as announced in a press release published on August 17. The alliance is a consortium of DeFi entities with the agenda of best practices and overall development. Goal of the alliance...

Binance CEO Says DeFi is the Future

18 Aug 2020 1 minute read 2 comments Abhimanyu Krishnan

Binance CEO Changpeng Zhao was interviewed by crypto content creator Boxmining on August 11, discussing industry trends and Binance’s own plans for the future. Highlights from the interview included discussions on the potential of DeFi, DEX adoption...

Bitcoin Market Cap Will Exceed Gold's in 10 Years, Says Pomp

18 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Morgan Creek co-founder and partner Anthony Pompliano has made a bold prediction for Bitcoin (BTC), tweeting on August 16 that it will exceed the market cap of gold by the end of the decade. Pompliano says that Bitcoin will surpass gold’s market cap...

Pantera Capital Crosses $160M Milestone

18 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Blockchain and cryptocurrency investment fund Pantera Capital has received $160 million in investments from investors for the Pantera Capital Fund, according to a Form D filing made with the US Securities and Exchange Commission. Pantera Capital Fun...

xSNX Fund Makes Staking Synthetix Easier

18 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

xSNX, a project supported by the Synthetix (SNX) grantsDAO, was unveiled and detailed on August 18 via a blog post. xSNx accrues staking returns and trading fees to the token’s net value It avoids the need to handle the weekly processes of minting,...

Yearn.Finance Announces Tokenized Insurance Platform Yinsure

18 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 17, yield farming platform Yearn.Finance unveiled a new tokenized insurance platform called Yinsure, “a prototype for a new kind of tokenized insurance.” Platform has 3 core components: insurer vaults, insured vaults and claim governance L...

OKEx Considering Delisting ETC Because of 51% Attacks

18 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

CoinDesk reported on August 17 that Malta-based cryptocurrency exchange OKEx is considering delisting the Ethereum Classic (ETC) cryptocurrency, after the two recent attacks had resulted in a loss of funds on the exchange. OKEx CEO Jay Hao told Coin...

Huobi Arm Becomes Switcheo Validator

17 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized exchange Switcheo has welcomed the Huobi mining pool as a validator on its network, according to an announcement made on August 17. Huobi mining pool joined Switcheo TradeHub network, the latter being an open source order matching engi...