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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...

Binance to Launch UK Trading Platform This Summer

18 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

Binance will launch a trading platform in the United Kingdom in the summer, according to a Reuters report on June 17. Marking yet another market that the popular exchange is attempting to tap into, the launch is expected to have 65 assets available f...

$COMP Becomes Largest Defi Token by Market Cap

17 Jun 2020 1 minute read 4 comments Abhimanyu Krishnan

Compound Finance’s newly launched $COMP token has quickly risen to become the largest Defi token by market cap, overtaking Maker (MKR). The introduction of the $COMP has resulted in a huge boost for the platform with nearly $80 million more in deposi...

Mayweather Backed ICO Founder Pleads Guilty

17 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Robert Farkas, the co-founder of Centra Tech, has pleaded guilty to committing securities and wire fraud, the United States Justice Department announced in a press release published on June 16. Centra Tech is most well known for having professional b...

World Economic Forum Recognizes Chainlink and MakerDAO as Technology Pioneers

17 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

The World Economic Forum (WEF) recently identified Chainlink (LINK), MakerDAO (MKR), Lightning Labs, Elliptic, Ripio and Veridium Labs as ‘Technology Pioneers’ of 2020. The overall list consists of companies from across the world building solutions i...

59% of Companies Consider Crypto Implementation, Deloitte Survey Shows

17 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

Deloitte published the results of a survey conducted on major technology companies around the world, with the broad conclusion being that “doubts are fading further” with regards to blockchain technology and that is “solidly entrenched” in the busine...

ConsenSys' New Staking Service Receives Support from Big Names Like Binance and Crypto.com

17 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Blockchain development company ConsenSys on June 16 announced a new staking service in preparation for Ethereum 2.0. Primarily for exchanges, custodians and wallet provides, the staking-as-a-service platform has been backed by some of the most promin...

CME's Bitcoin Options Open Interest Increases 10 fold in a month

16 Jun 2020 1 minute read 4 comments Abhimanyu Krishnan

The Chicago Mercantile Exchange’s (CME) Bitcoin (BTC) Options market has experienced a 10 fold increase in Open Interest (OI) in a month, growing from $35 million on May 11 to $373 million on June 10. Represented in yellow, CME options OI has experi...

EOS Sees Core Developers Moving Away From the Protocol

16 Jun 2020 1 minute read 4 comments Abhimanyu Krishnan

Research published by venture firm Outlier Ventures on June 11 indicates that the EOS (EOS) network is experiencing a high level of attrition, as several core developers have moved on from the project while also facing a significant drop in developer...

Bitcoin Bounces Back to $9.5K Amid New FED Announcement

16 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Bitcoin (BTC) has rallied back to $9500 levels following a Federal Reserve announcement on June 15 that it would buy up to $250 billion in individual corporate bonds.  Source Bitcoin, which had dropped to ~$8900 less than 24 hours ago, appeared to r...