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Report Shows DeFi Transaction Volume Crossing $123B, 96% of Which is On Ethereum

12 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

A Q3 DeFi report by DappRadar published on October 7 offers some interesting insights into the state of DeFi, including some figures on the dominance of Ethereum (ETH) in the space. The major highlight from DappRadar’s report is that 96% of the $123...

$11M Worth of Bitcoin from 10 Year Old Wallet Moves

12 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

1000 Bitcoins (BTC), worth approximately $11.3 million, have been transferred out of a 10 year old Bitcoin wallet, as revealed by one trader who publicized the information on LinkedIn. The wallet containing the 1000 Bitcoins mined the asset in 2010,...

Investors are Raising Funds Against YFI Founder Cronje for EMN Incident

12 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Several investors in Andre Cronje’s Eminence.finance (EMN) project are raising funds to file a lawsuit against him, according to a blog post by said group. The group, which has posted on Medium under "Eminence Investigation", is raising funds to fil...

Stablecoin Aggregator DeFiDollar Launches Liquidity Mining Incentives and Retroactive Rewards

12 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Stablecoin aggregator DeFiDollar on October 10 announced the launch of a liquidity mining incentive program, as well as retroactive rewards for its governance token DFD. DeFi Dollar’s liquidity mining incentive lets users earn DFD for the DUSD/USDC...

Bitmex CTO Released from Arrest on $5M Bond

9 Oct 2020 1 minute read 22 comments Abhimanyu Krishnan

BitMEX CTO Samuel Reed has been released on a $5 million appearance bond, according to a court document published on October 10.  Reed was arrested by the Department of Justice on October 1, with a court hearing taking place virtually Reed was relea...

YFI Rebounds After the EMN Drama

9 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Yearn.finance Andre Cronje has stayed out of public channels, after having received death threats from community members over the Eminence.finance incident. Cronje has not tweeted since September 29. Cronje disappeared from public channels following...

Real Estate Blockchain Platform Propy Raises $1.2M, Draper and Arrington Participate

9 Oct 2020 1 minute read 3 comments Abhimanyu Krishnan

Blockchain-based real estate platform Propy has raised $1.2 million in a funding round that involved prominent investors Tim Draper and Michael Arrington. Propy uses blockchain technology to prevent fraudulent transactions and streamline property pu...

New Tokenized Bitcoin BoringDAO Raises $1.5M

9 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

DeFi project BoringDAO has raised $1.5 million to bring at least 1 million Bitcoin (BTC) to the DeFi space, according to a press release published on October 8.  Scheduled for launch sometime in October, the team describes their overall goal as want...

60 Coinbase Employees Leave After CEO Memo

9 Oct 2020 1 minute read 10 comments Abhimanyu Krishnan

Coinbase employees are taking a severance package and leaving the exchange, shortly after receiving a memo by CEO Brian Armstrong, who states that Coinbase will be ‘apolitical’. 60 of the 1,200 employees have left, according to Coindesk, which repre...

Square Buys $50M Worth of Bitcoin

9 Oct 2020 1 minute read 4 comments Abhimanyu Krishnan

Payments company Square has doubled down on its cryptocurrency positions, announcing on October 8 that it had purchased $50 million worth of Bitcoin (BTC). Saying that the purchase “underscores Square’s purpose of economic empowerment”, Square’s pur...