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Compound Approves Changing of COMP Distribution Rules

1 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

The Compound Finance (COMP) team announced on June 29 that a new proposal that changes the distribution rules of its COMP token has been approved. Compound Proposal #11, the changes of which will come into effect on July 1 at 12:31 AM, was almost una...

Hacker Siphons $500k from Balancer

30 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

In a blog post published on June 29, Balancer Labs has revealed that a hacker has exploited a loophole in the code of the Balancer (BAL) protocol, siphoning $500,000 from 2 pools with deflationary tokens. Only these two pools, which contain the STA a...

Kyber Network's Katalyst Upgrade to Take Place on July 7

30 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

The Kyber Network (KNC) team has announced that it will implement the highly anticipated Katalyst upgrade on July 7, according to a blog post published on June 29. Saying that it would usher in “a new era for Kyber Network with a host of major techn...

CoinMarketCap Introduces New Section for DeFi Tokens

29 Jun 2020 1 minute read 3 comments Abhimanyu Krishnan

CoinMarketCap has added a new section that tracks decentralized finance (defi) tokens. At the time of publishing, the $COMP asset holds the highest market cap in the defi space with roughly $610 million in market cap, followed by MKR with roughly $45...

Maker Implements KNC and ZRX as Collateral

29 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

On June 28, MakerDAO announced that it has approved the Kyber Network (KNC) and 0x (ZRX) assets as collateral for its lending protocol. The two assets join Ethereum (ETH), Wrapped Bitcoin, Basic Attention Token (BAT), USD Coin (USDC), and two real wo...

Grayscale Continues Buying More Bitcoin Than What’s Being Mined

26 Jun 2020 1 minute read 12 comments Abhimanyu Krishnan

Asset management firm Grayscale Investments purchased 19,879 Bitcoin (BTC) this week, according to analyst Kevin Rooke. Worth roughly $184 million, the firm now has a total of 400,000 BTC in its coffers. Rooke also added that the rate at which Graysc...

Telegram Will Pay $18.5 Million in SEC Settlement

26 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

A court filing published on June 25 has revealed that Telegram will pay $18.5 million in a settlement with the United States Securities and Exchange Commission (US SEC). In addition, Telegram will have to inform the SEC if it plans to issue any digit...

Kyber Community Announces Community Governance Pool Ahead of Katalyst Upgrade

26 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

The Kyber Network (KNC) community’s governance pool has been greenlit for the upcoming Katalyst upgrade, according to a blog post published on June 25. Called the Kyber Community Pool, the pool is a way for KNC holders to participate in the developme...

Bitcoin Now Usable at Australian Post Offices

25 Jun 2020 1 minute read 6 comments Abhimanyu Krishnan

A collaboration between Bitcoin.com.au and Australia Post now allows citizens to use Bitcoin at more than 3500 Australian Post offices, according to an announcement made on June 24. Those interested can visit an Australian Post office and make purcha...

Judge Allows Craig Wright's to Defend Autism Claims

25 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Craig Wright, who is set to face trial for a lawsuit filed by the Kleiman estate, will be able to present an expert witness to support his claim of autism. Documents filed on June 24 show that Judge Beth Bloom has dismissed the motion made by Kleiman...