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Cardano Holders Will be Able to Hold & Stake Assets at Coinbase Custody

7 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

Cardano’s media division, IOHK Media, announced on July 3 that the project had signed a custody agreement with Coinbase, which will allow token holders to store their assets on Coinbase Custody starting from Q4 2020.  Those who choose to store Carda...

Total Value Locked in DeFi Might Be Actually Higher Than $2B

7 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

The DeFi space has grown by a considerable amount in 2020, rising from $691 million at the start of the year to $2.01 billion of the total value locked at the time of publishing. But true values may actually exceed $2 billion, a popular defi data pla...

Afghan Government on Its First Application of Blockchain with Fantom

7 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

The Afghanistan government will begin applying blockchain technology to solve issues in its healthcare industry, according to a blog post published on July 6. The Afghanistan’s Ministry of Health will trial a blockchain-based smart medicine program b...

Balancer is the Fastest-Growing DeFi Platform since June 1

7 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Head of cryptocurrency investment fund DTCC Capital Spencer Noon posted a tweet on July 7 that underscores the growth that the defi market has experienced in June, with numerous protocols displaying tremendous growth since June 1. The data can also b...

Market Surprises as There is Now More DAI in Compound than Its Total Supply

6 Jul 2020 1 minute read 3 comments Abhimanyu Krishnan

The amount of DAI on-chain has been eclipsed by the amount of DAI locked in the Compound Finance (COMP) protocol. Dan Yanev, COO of the DeversiFi exchange, pointed out the interesting development on Twitter on July 3, which can be confirmed by taking...

Uniswap with Most Defi Users, ConsenSys Report Shows

3 Jul 2020 1 minute read 13 comments Abhimanyu Krishnan

A new report published by blockchain software company ConsenSys shows that the Uniswap protocol continues to have the largest number of users, followed by the Kyber Network (KNC) protocol. The two protocols also had the greatest number of shared user...

Crypto.com Sees Roughly 50% Growth in Users in the Past Two Months

3 Jul 2020 1 minute read 4 comments Abhimanyu Krishnan

Cryptocurrency payments platform and card issuer Crypto.com (CRO) has seen its userbase increase to over 3 million, according to CEO Kris Marszalek. Marszalek revealed the change in response to questions posed by CoinDesk, as a part of its First Move...

Huobi Wallet Becomes Chainlink Node

3 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Huobi Wallet will run a Chainlink Node, after the exchange announced on June 3 that it would undertake a “two-part integration” with Chainlink (LINK).  First, Huobi will make its exchange price data with Chainlink’s oracles. As a result, developers...

bZx Offers Details on BZRX Governance Token Model

2 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

The bZx team has unveiled the details on the new economic model of its BZRX governance token, in a blog post published on June 28.  Saying that the token had involved from its early vision as both a governance token and medium of exchange to strictl...

MakerDAO Partners with Italy's Young Platform for Defi Adoption

2 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Italian cryptocurrency platform Young Platform has revealed a partnership with MakerDAO on June 29. The partnership will focus on “comprehension and mass adoption of Defi”, with Young Platform educating the Italian market on the DAI stablecoin throug...