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ConsenSys Report: 78% of ETH Supply in Wallets Valid for Staking, Security Changes Recommended

20 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Blockchain software development company ConsenSys published its latest edition of the Ethereum 2.0 Economics review on July 16, a report which examines the state of the Ethereum (ETH) network as it prepares for the Ethereum 2.0 upgrade. It was author...

Balancer Launches Governance Polls and Voting

20 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Balancer Labs has completed its first round of governance polls for the Balancer (BAL) network, the team announced via Twitter on July 18.  Balancer is a money market protocol through which users can contribute liquidity and consequently earn a port...

Grayscale's Bitcoin Purchases Have Stopped

20 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

Grayscale investment has not purchased a single Bitcoin (BTC) in roughly 3 weeks, as inferred by documentation submitted to the United States Securities and Exchange (SEC). The digital asset management firm would submit a weekly filing to the SEC tha...

Justin Sun Offers $1M Bounty for Information on Twitter Hackers

20 Jul 2020 1 minute read 3 comments Abhimanyu Krishnan

TRON (TRX) CEO and founder Justin Sun has offered a $1 million bounty for any usable information on the identity of the individuals behind the massive twitter hack that occurred on July 15. Sun announced the bounty via the BitTorrent account, which T...

PayPal Rumoured to Have Chosen Paxos for Crypto Services

20 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

PayPal is rumoured to have chosen Paxos (PAX) to facilitate its cryptocurrency services, according to two sources of CoinDesk. Neither PayPal nor Paxos has offered a comment following the story’s publishing. In June 2020, reports emerged that PayPal...

DeFi Credit Score Protocol Teller Raises $1 Million

17 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Newly formed DeFi lending platform Teller has raised $1 million in a seed funding round, according to a press release published on July 16. The startup was incubated by Andreessen Horowitz’s a16z incubator. Investment was led by Framework Ventures, w...

Aave Adds Support for Enjin and REN, and Brings Fiat Onramps

17 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

On July 17, DeFi lending and borrowing platform Aave (LEND) announced several new changes to its platform, including listing the Enjin (ENJ) and Ren (REN) assets. In addition, it has introduced fiat onramps and updates to its risk parameters.  The a...

Crypto Custody Platform Curv Integrates Compound Finance (COMP)

17 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

Cryptocurrency custody platform Curv has integrated Compound Finance (COMP) into its platform, according to an announcement made on July 16. Curv provides institution grade custody solutions, with customers including eToro, Franklin Templeton Investm...

Coinbase Lists Algorand (ALGO)

17 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

US based exchange Coinbase has listed Algorand (ALGO), according to an announcement published on July 16.  Algorand was listed on Coinbase’s professional exchange Coinbase Pro in August 2019. It is also supported by Coinbase Custody, the exchange’s s...

Institutions and Hedge Funds Continue Pouring Money into Bitcoin & Ethereum Products, Grayscale Reports

16 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Digital asset management firm Grayscale Investments has revealed that institutional investors and hedge funds are continuing to drive more funds into Bitcoin (BTC) and Ethereum (ETH) products, according to its Q2 2020 report. The firm recorded its la...