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BitMEX CEO Says $500 ETH Coming Soon

17 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

BitMEX co-founder and CEO Arthur Hayes believes that ETH can reach $500 in the short term, according to a tweet posted in early August. Hayes was bullish, just as Ethereum reaches its highest price in 2 years The development of DeFi and ETH 2.0 has...

Ethereum 2.0 Crashes on Test Network

17 Aug 2020 1 minute read 5 comments Abhimanyu Krishnan

The Ethereum 2.0 testnet crashed on August 15, according to statements put out by developers on Twitter. The issue has been confirmed to do with Prysm and clock sync.  Prysmatic Labs co-founder Preston Van Loon said that Prysm clients experienced a...

Curve Finance Hits $1B in TVL

17 Aug 2020 1 minute read 2 comments Abhimanyu Krishnan

Decentralized exchange and liquidity pool Curve Finance (CRV) surpassed $1 billion in total locked value on August 17, only 3 days after the CRV token was launched. Curve Finance was launched in January 2020 CRV governance token was launched on Augu...

Aave Wants to Tokenize Mortgages

17 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Defi lending protocol Aave (LEND) is looking to tokenize mortgages as a part of its v2 upgrade, according to an announcement made on August 14. Aave has partnered with real estate tokenization firm RealT to make mortgages accessible via the DeFi spa...

Vitalik Admits He Hasn't Done Much DeFi Farming

17 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Ethereum co-founder Vitalik Buterin has not joined in on the DeFi craze, according to a tweet posted on August 14. The Ethereum network is the hub of all major DeFi activity, but Buterin has only earned a few percent in fees. Buterin has not partici...

Tesla and Bitcoin are the Most Viewed Assets on Tradingview

17 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Bitcoin (BTC) and Tesla are at the top of the charting platform Tradingview’s most viewed assets list, according to a posting made on August 14. The chart represents interest from the United States BTC is the second most viewed asset, behind Tesla (...

Binance Launches DeFi Savings Feature that Includes Random DeFi Token Bonuses

17 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 14, crypto exchange Binance launched a new savings product in a bid to attract users to DeFi. Users will receive a 14.8% APY rate on Binance savings, with random DeFi bonuses as an additional incentive.  New product has a DeFi bonus on top...

Wrapped Bitcoin Demand is Accelerating

17 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Data from analytics platform Dune Analytics shows that the rate of tokenization of Bitcoin (BTC) on the Ethereum (ETH) network has sharply been increasing. The asset, called Wrapped Bitcoin (WBTC), is also being used more in DeFi applications. The s...

DeFi Now Surpasses $6B in Total Value Locked

17 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

The DeFi market marked another milestone this month, crossing $6 billion in locked value on August 17. The space has seen the introduction of several new yield farming protocols, while other projects have been releasing new features and updates, besi...

BitMEX Enforces KYC

17 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Cryptocurrency exchange and derivatives trading platform BitMEX announced on August 14 that it will mandate user identity verification as part of its User Verification Programme. User Verification Programme will launch 2 weeks from now, on August 28...