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Winklevoss Brothers Convince Dave Portnoy to Buy Bitcoin

14 Aug 2020 1 minute read 10 comments Abhimanyu Krishnan

Gemini exchange co-founders the Winklevoss twins convinced founder of Barstool Sports and internet celebrity Dave Portnoy to purchase Bitcoin (BTC), the latter posting a tweet on August 14 that showed him with the twins. Portnoy purchased $200,000 w...

Coinbase to Soon Release Borrowing Feature

14 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

San Francisco based exchange Coinbase on August 13 announced that it would soon allow users to borrow up to 30% in cash against their Bitcoin (BTC) holdings. Users from select states can join a waitlist for the feature; available in 17 states  The f...

CRV Token Launches Early as Unknown Individual Deploys Contracts

14 Aug 2020 1 minute read 5 comments Abhimanyu Krishnan

On August 14, an anonymous developer deployed contracts that launched Curve Finance’s CurveDAO and CRV without the knowledge of the project's founding members. The team was forced to stick with the deployment, which the team verified has followed the...

Facebook and YouTube are Facing a $600M Lawsuit for Crypto Ad Bans in 2018

14 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

On August 13, Australian law firm Law firm JPB Liberty filed a class action lawsuit against Facebook and YouTube for the banning of cryptocurrency advertisements on their platforms in 2018. Case has been filed in the Federal Court of New South Wales...

US Federal Reserve Examining Digital Dollar Currency

14 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

United States Federal Reserve Board Governor Lael Brainard on August 13 said that the central bank was experimenting with distributed ledger technology (DLT) and looking into the possibility of a digital dollar. In a speech titled “An update on digi...

Gemini is Now the Second BAT Custodian

14 Aug 2020 1 minute read 2 comments Abhimanyu Krishnan

The Brave browser and Basic Attention Token (BAT) project is informing creators via email that New York based exchange Gemini has become its second wallet custodian.  Gemini joins Uphold as wallet custodians Gemini support makes it possible for NY b...

Ethereum Outpaces Bitcoin in Terms of Network Fees

13 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The Ethereum (ETH) network has experienced considerable activity since the passing of many DeFi developments in Q2 2020. The latest data shows that Ethereum is outpacing Bitcoin with respect to network fees as well. Bitcoin's (BTC) average fee is $4...

Timeline of the $YAM Project in a Nutshell (Updated)

13 Aug 2020 1 minute read 6 comments Abhimanyu Krishnan

On August 13, newly launched YAM Finance protocol escaped severe repercussions after the community stepped to take a vote that fixed a bug that would have gravely affected governance.  Bug in the protocol’s rebasing function minted too much YAM to t...

Chainlink is now in the TOP5 on CoinMarketCap

13 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 13, the Chainlink (LINK) token entered the top 5 tokens by market cap, displacing Bitcoin Cash (BCH) from the fifth spot. LINK’s price hit its all-time high of $17.86 on August 13, reaching a market cap of $6.02 billion Entry into 5 tokens...

Kraken Report: Bitcoin Could Rally by Up to 200% in the Coming Months

13 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 10, the research team of the Kraken exchange released its monthly report on Bitcoin volatility for the month of July 2020, which examines various factors that indicate Bitcoin’s adoption and growth.  Kraken Intelligence says that a bull ru...