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Former Federal Reserve Governor Thinks Bitcoin Makes Sense in Current Environment

7 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

Former United States Federal Reserve Governor Kevin Warsh believes that Bitcoin "makes sense" in the current economic situation, particularly to younger investors. Warsh was interviewed on CNBC’s Squawk Box on Jan. 6. When asked whether he was “on b...

Ukraine to Develop its CBDC Infrastructure with Stellar

6 Jan 2021 1 minute read 4 comments Abhimanyu Krishnan

The Stellar Foundation announced on Jan. 4 that it had signed an agreement with the Ministry of Digital Transformation of Ukraine to establish a virtual assets ecosystem. The partnership will see the two bodies create a strategy for digital currenci...

Binance Reports $80B in Trading Volume in a Single Day

6 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

On Jan, 4, Binance CEO Changpeng Zhao revealed that the exchange had logged its largest-ever 24 hour trading volume at $80 billion, as Bitcoin was making its rally to $35,000 levels.  Zhao also highlighted how the market has grown in the short span...

Decentralized Trading Protocol AirSwap Introduces Changes

6 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Decentralized trading protocol AirSwap announced on Jan. 6 that it will introduce major changes this month, including new smart contracts. AirSwap will launch new smart contracts, upgrade the tokenomics model and update the website in Jan. The tradi...

Mark Cuban: I’ll Run for President if BTC Reaches $1M

6 Jan 2021 1 minute read 2 comments Abhimanyu Krishnan

Billionaire entrepreneur Mark Cuban surprised Twitter on Jan. 5, tweeting in response to Social Capital CEO Chamath Palihapitiya that he would run for president if Bitcoin met a few conditions, including reaching $1 million in price. The prominent i...

Origin Dollar Relaunches After $7M Hack

6 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Origin Protocol officially relaunched the Origin Dollar (OUSD) on Jan 6., opening deposits and yield gains to investors and featuring a strengthened protocol following a $7 million hack in Nov. 2020. Origin’s growth was setback by the hack, but the...

US Banking Regulator Tells Banks They Can Use Stablecoins for Payment Activities

5 Jan 2021 1 minute read 7 comments Abhimanyu Krishnan

The Office of the Comptroller of the Currency (OCC), part of the US Treasury, announced on Jan. 4 that banks could use stablecoins for payment activities.  The letter states that banks and thrift institutions can participate in independent node veri...

Loopring TVL Flourish as Ethereum Gas Fees Spike Again

4 Jan 2021 1 minute read 8 comments Abhimanyu Krishnan

The Loopring (LRC) protocol recorded its highest ever 24 hour volume on Jan. 4, just as altcoins in the market began rallying.   The team announced that the Loopring protocol, a layer 2 solution, logged about $2 million in total trading volume, a si...

Binance US CEO Says Bitcoin Will Reach $75-$100k By the End of 2021

4 Jan 2021 1 minute read 5 comments Abhimanyu Krishnan

Binance US CEO Catherine Coley, in an interview on KTLA News on Jan. 2, said that Bitcoin could reach a maximum of $100,000 by the end of the year.  Coley was confident in Bitcoin's ability to prosper as an independent asset class, saying that it wo...

Tether CTO Calms Down SEC FUD

4 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Bitfinex CTO Paolo Ardoino on Dec. 30, 2020 reassured investors via Twitter, saying that Tether and the company would not be targeted by the SEC. The response comes after concerns that the US SEC could next focus on the popular stablecoin. The SEC’s...