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Newly Released $COMP Trades at ~$1B Market Cap Valuation

16 Jun 2020 1 minute read 3 comments Abhimanyu Krishnan

Lending platform Compound has launched its new token $COMP, following through with a governance proposal that was passed on June 10. At the time of publishing, the token is currently trading at a value of $95.23 with volumes over the past 24 hours ex...

JP Morgan: Bitcoin Could Continue as a Speculative Asset

15 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

JP Morgan Chase analysts have told clients in a note delivered on June 11 that they see Bitcoin (BTC) continuing its existence as an asset, albeit a speculative one. Obtained by CoinDesk, the note makes some interesting conclusions by the analysts, w...

Crypto Platform Compound Releases Its Own Token

15 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Crypto lending platform Compound has approved a proposal that will see all users of the platform receive a new token called COMP from June 15, as revealed by a tweet from the startup on June 10. It recently completed a testnet run of the COMP token....

Ripple Targets Brazil As Its Next XRP Payments Corridor

15 Jun 2020 1 minute read 4 comments Abhimanyu Krishnan

Ripple (XRP) is expanding its operations in Latin America, after the project’s Head of Global Banking Marjan Delatinne in an interview on June 8 said that the project would build a new payments corridor in Brazil. Delatinne begins speaking about the...

Crypto.com Gets Its Twitter Emoji For Over $1M

15 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

Crypto.com (CRO) has become the second token to receive an emoji on Twitter, after users began noticing the project’s logo accompanying the #CRO hashtag as an emoji. This makes CRO the second asset to have an emoji, following Bitcoin, which received...

New Documents by Craig Wright's Lawyers Mention Address Involved in Mt. Gox Theft

15 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

Yet another twist has formed in the Craig Wright case, with new information made public on June 12 seemingly indicating that Wright’s lawyers have admitted to owning an address that was involved in a Mt.Gox theft of 80,000 Bitcoin (BTC). Riccardo Spa...

Dash's New Q1 Report Reveals 104% Increase in Commercial Payments

10 Jun 2020 1 minute read 10 comments Abhimanyu Krishnan

Dash (DASH) has published a financial report for Q1 2020, experiencing a 104% rise in commercial payments in the quarter, also accompanied by greater adoption and trading volume.  The surge in network usage is said to be a result of the many partners...

Deutsche Boerse to List Bitcoin ETP

10 Jun 2020 1 minute read 3 comments Abhimanyu Krishnan

The ETC Group is set to have a Bitcoin Exchange-Traded Product (ETP) listed on Xetra, a trading platform owned by Deutsche Boerse. The ETP, listed under the name Bitcoin Exchange Traded Crypto (BTCE), will be listed with the help of HANetf. The ETP i...

Almost Half of PAX transfers Tied to Ponzi Schemes, According to Report

10 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

A new report released by Coin Metrics on June 9 has resulted in some interesting conclusions by the data analytics firm. After looking at transactions over the past year, the firm said that a few accounts accounted for most of the network activity, a...

MakerDAO Spikes Over 20% Following Real-world Asset Vote

10 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

The MKR token of the MakerDAO ecosystem has rallied by more than 20% following a recent vote that enabled new types of token backed by real world assets to act as collateral for DAI generation.  MKR's value jumped by over 20% on June 9. On June 9, M...