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Chainlink Growth Pushes DeFi Market Cap to Over $10B

10 Aug 2020 1 minute read 3 comments Abhimanyu Krishnan

The Chainlink (LINK) token has been experiencing a significant price growth over the past few weeks, rising from $9.63 on August 6 to its current price of $13.67 (at the time of publishing). The price rally has contributed to an already rapidly growi...

Jameson Lopp Says That Chinese Mining Dominance Won't Last Forever

10 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Cypherpunk, programmer and cryptocurrency proponent Jameson Lopp published a blog post on August 9 that examined the actual threat faced by the dominance of Chinese miners. Lopp argued that the status quo may not last long, as internationally produce...

Over 10,000 Blockchain Companies Were Founded in China in 2020

10 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 8, blockchain data platform Longhash revealed on Twitter that over 10,000 blockchain companies had been established in China in 2020. In only 7 months, 2020 has nearly matched the figure from 2019 and is at just under half as that of 2018....

Polkadot Launches Testnet for Sharding Implementation

7 Aug 2020 1 minute read 6 comments Abhimanyu Krishnan

On August 4, the Polkadot (DOT) project launched a testnet, called “Rococo”, for the implementation of its sharding solutions based on parachains. Initially comes with 3 default parachains: Tick, Trick and Track Currently supports Horizontal Message...

Balancer Token Skyrockets Amid Podcaster Token Listing

7 Aug 2020 1 minute read 3 comments Abhimanyu Krishnan

Evan Van Ness, the host of the “Week in Ethereum” Podcast and former Director of ConseSys, has tokenized himself on the Balancer (BAL) platform in the form of EVAN tokens, which has already skyrocketed in value. The EVAN tokens went live on Balancer...

Latest Weiss Ratings Puts Ethereum Ahead of Bitcoin

7 Aug 2020 1 minute read 2 comments Abhimanyu Krishnan

Weiss Crypto Ratings released its latest round of cryptocurrency rankings on August 6, and there are some surprises. Ratings take adoption, technology, market momentum and investment risk into account. Ethereum (ETH) ranks first, ahead of Bitcoin (B...

Goldman Sachs May Launch Its Own Stablecoin

7 Aug 2020 1 minute read 2 comments Abhimanyu Krishnan

Goldman Sachs’ global head of digital assets, Matthew McDermott, said in a CNBC interview on August 6 that the investment bank may launch its own stablecoin. McDermott says that the firm is exploring a stablecoin, but it’s still “early days” First a...

Uniswap Completes Series A Funding, Raises $11 Million

7 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized on-chain protocol Uniswap announced the completion of its Series A funding round on August 6, raising $11 million. Uniswap had already raised $1 million in seed funding from Paradigm and others. Funding led by Andreessen Horowitz; addi...

Aave Carries Out First Credit Delegation Transaction

7 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 6, decentralized lending and borrowing platform Aave (LEND) processed its first credit delegation transaction. The credit delegation feature provides trusted uncollateralized to users. A line of credit of $500,000 was offered to DEX Devers...

Russia's Biggest Consumer Bank to Launch Blockchain Built Using Hyperledger Fabric

7 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Russia’s largest consumer bank, Sberbank, will launch a blockchain built using Hyperledger Fabric, with the possibility of a stablecoin launch also being discussed, according to Russian media outlet Vedomosti. Nodes will be hosted on Sberbank’s clou...