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MANA Approved as Collateral in Maker Protocol

31 Jul 2020 1 minute read 4 comments Abhimanyu Krishnan

The Maker (MKR) governance community has approved Decentraland (MANA) as collateral for generating DAI, as revealed in a blog post that was held on July 28. The proposal was passed at 7:30 UTC on July 28. Maker has made several tokens as supported c...

Aave Introduces Aavenomics, Its Tokenomics Upgrade Proposal

30 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) announced a major update for its protocol on July 29. Called Aavenomics, the upgrade will see current native token LEND converted to AAVE at a 100:1 ratio, among other changes. Saying that Aav...

Ethereum Turns 5 Years Old Today

30 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

The Ethereum (ETH) network turns 5 today. Envisioned as a “decentralized world computer”, the network was launched on July 30, 2015 by Vitalik Buterin and several others who have achieved success in the industry, including Charles Hoskinson, Joseph L...

Coinbase Launches DAI rewards

30 Jul 2020 1 minute read 3 comments Abhimanyu Krishnan

US based cryptocurrency exchange Coinbase has launched a DAI rewards program for customers in the US (excluding Hawaii), UK, Netherlands, Spain, France, and Australia, according to a blog post published on July 29. Customers in the stated jurisdictio...

Cardano's Shelley Goes Live

30 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

The Cardano (ADA) has finally launched its Shelley upgrade to the mainnet after years of development, the team announced on July 29. The Shelley mainnet launch follows months of testing, which was incentivized with assets with real value. Shelley br...

Cameron Winklevoss: Next Bitcoin Bull Run to Be Dramatically Different

30 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

Gemini Exchange co-founder and staunch Bitcoin (BTC) proponent Cameron Winklevoss has very bullish prospects for Bitcoin, tweeting on July 29 that the next bull run would be “dramatically different.”  Winklevoss pointed to the increased capital, inf...

Ledger Experienced a Data Breach in June

30 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

Cryptocurrency hardware wallet manufacturer Ledger suffered a data breach in late June, the team revealed in a blog post that was published on July 29. The attack, which targeted the company’s marketing and e-commerce database, has exposed the perso...

Picky Revolut Adds Stellar to Its App

28 Jul 2020 1 minute read 5 comments Abhimanyu Krishnan

United Kingdom-based Revolut has added Stellar Lumens (XLM) to its platform in a press statement that was first reported by CoinDesk. Users can now buy, sell and store it on the digital bank’s app. The addition of XLM was a result of “overwhelming de...

Crypto Tetras Capital Shuts Down - Why?

28 Jul 2020 1 minute read 3 comments Abhimanyu Krishnan

On July 28, cryptocurrency hedge fund Tetras Capital announced its closure as a result of heavy losses incurred since its inception in 2017. The hedge fund posted 75% losses, according to sources who spoke to CoinDesk. Primarily focused on altcoins,...

Bloomberg Report Bullish on Bitcoin, Price Could Breach $12k

28 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Bloomberg has released a mid-year report that suggests that Bitcoin (BTC) could breach the $12,000 mark. Analysts examined a variety of on-chain and off-chain metrics to reach the conclusion.  In addition to the growth of these metrics, Bloomberg als...