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Coinbase CEO Says Crypto Space Will Move to Privacy Coins Over Time

13 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Coinbase CEO Brian Armstrong on Twitter offered some insight onto his stance on privacy coins, tweeting a related post that he had written in April 2020 and saying that he is “a fan of privacy coins.” Armstrong begins the thread by addressing the con...

Ampleforth Continues to Have the Largest Uniswap Liquidity Pool, Greater Than Ethereum

13 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

Ampleforth (AMPL) continues to have the largest liquidity pool on Uniswap V2 at $10.1 million in daily volume, putting it considerably ahead of other assets, including Ethereum (ETH) and Tether (USDT). Roughly 2.5 million AMPLs have been locked in on...

Bitcoins Worth $3.1 Million Stolen from Cashaa Exchange After Hack

13 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

London-based cryptocurrency exchange Cashaa suspended withdrawals for 24 hours after it reported that a hacker had stolen 336 Bitcoin (BTC) - worth $3.1 million - on July 11.  Cashaa CEO Kumar Gaurav said that the hacker is suspected to be Indian an...

Chainlink Founder Believes DeFi is Still in Its Early Stages

9 Jul 2020 1 minute read 20 comments Abhimanyu Krishnan

Chainlink (LINK) founder Sergey Nazarov believes that the DeFi space has much more to grow, according to a Twitter post published on July 9. The DeFi space had already been experiencing sizable growth since the start of 2019, but the launch of sever...

Ethereum Fees Extremely High, Miners set a Record for Revenue

9 Jul 2020 1 minute read 7 comments Abhimanyu Krishnan

Ethereum network activity has surged since April 2020, and even more so following the release of new DeFi services like that of Compound Finance, Balancer and KyberDAO. Now, miners have set a new record for revenue generation, as June has seen nearly...

Stablecoin Provider Blacklist an Address with $100K USDC

9 Jul 2020 1 minute read 4 comments Abhimanyu Krishnan

Stablecoin provider CENTRE has blacklisted an address holding $100,000 USD Coin (USDC), the address data reveals. The blacklist function was called on June 16, 2020, using an address owned by CENTRE. Speaking to The Block, a spokesperson for CENTRE c...

New Player DMM Token Enters Top 10 DeFi Rankings

9 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

Tim Draper-backed Defi Money Market (DMM) has entered the top 10 in DeFi rankings with its token, as of July 8. The DMMDAO currently has a market cap of $360 million, with the governance token accounting for almost all of the market cap at $358 milli...

Kyber Network is Bringing More Yield Farming to DeFi

9 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Kyber Network (KNC) hit a development milestone on July 7, launching its Katalyst upgrade and the KyberDAO governance system. The Katalyst upgrade brings technical improvements to the network, including reduced fees and network rebates. Meanwhile, th...

Chainlink Tops Charts Amid New Nodes in China

8 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

The Chainlink (LINK) token is seeing a price rally, touching an all-time high of $6.35, as China's national blockchain network has activated 135 nodes on the network and the oracle solutions are being increasingly utilized in the DeFi space. China’s...

Andreas Antonopoulos: "Bitcoin is Not a Privacy Coin"

8 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

In a Q&A video on his YouTube channel posted on July 7, Bitcoin advocate Andreas Antonopoulos has said that Bitcoin is not a privacy coin. He added that it was unlikely that Bitcoin would add privacy features or implement those of popular privacy coi...