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One of the Oldest Blockchain Companies Factom Inc. Files For Bankruptcy

22 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Factom (FCT), the company behind the Factom Protocol, has filed for Chapter 11 bankruptcy, according to a CoinDesk report published on June 19. The company was unable to find new investors and pay off roughly $7.5 million in debt.  The submission whi...

Power Ledger Blockchain P2P Trial Proved Itself to Work

22 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

Solar energy project Power Ledger (POWR) has successfully conducted a blockchain-based P2P energy program that proves the viability of the technology for energy distribution, according to a report published on June 18. Called the ReNeW Nexus project,...

Compound Surpassed Maker in Amount of Locked ETH Value

22 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Defi platform Compound Finance and its $COMP token, which has seen rapid growth since its launch, surpassed MakerDAO’s MKR token in terms of total value across assets. At the time of publishing, the $COMP token has 2.3 million in total value locked i...

John McAfee's DEX GHOST is Live

22 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

John McAfee has announced that his recently announced decentralized exchange GHOST is live, according to a tweet post on June 22. The exchange’s mainnet is expected to launch today on June 22, in roughly 15 hours from the time of publishing. Reveale...

Reddit Now Wants To Expose Its 430M Users to Ethereum

19 Jun 2020 1 minute read 15 comments Abhimanyu Krishnan

Reddit has partnered with the Ethereum Foundation with the goal of scaling its cryptocurrency based Community Points program, according to a post made on June 19. The highly detailed post highlights a deepening interest on Reddit’s part for implement...

Coinbase Adds DeFi Token $COMP

19 Jun 2020 1 minute read 5 comments Abhimanyu Krishnan

Coinbase Pro announced on June 18 that it had listed Compound Finance’s recently issued $COMP token, and that trading will begin on June 23 at 9 AM PST. As has been the case with previous assets, tokens that are listed on Coinbase Pro are usually fol...

Former Mt. Gox CEO Will Face Fraud Lawsuit

18 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

On June 16, U.S. District Judge Gary Feinerman of the Northern District of Illinois ordered former Mt. Gox CEO Mark Karpeles' motion for summary judgement. The lawsuit was first filed in 2014 by Gregory Greene, a user of the exchange. Karpeles had ma...

Akon's Akon City is Moving Forward After $6 Billion Contract Signed

18 Jun 2020 1 minute read 3 comments Abhimanyu Krishnan

Singer, entertainer and philanthropist Akon has established a contract with a United States engineering firm KE International for the development of the next two phases of the cryptocurrency run city called Akon City. The $4 billion agreement will ha...

Ubisoft Launches Crypto Game Based on Popular Franchise, Proceeds Go to UNICEF

18 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

On June 17, video game publisher Ubisoft released a new cryptocurrency game based on their popular Rabbids franchise. Called Rabbids Token, the game will be launched on the Ethereum (ETH) blockchain. The proceeds collected from the game will entirely...

South Korean P2P Exchange Behind Last Week's Enormous Ethereum Transaction Fees

18 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

The Ethereum (ETH) network experienced two anomalous transactions last week that sparked a rise in transaction fees, with the transaction senders being unidentified. However, yesterday on June 17, South Korean peer-to-peer cryptocurrency exchange Goo...