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Balancer Begins Distributing BAL Governance Tokens

24 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

Asset management and liquidity protocol company Balancer Labs has begun distributing its BAL governance tokens, as per a blog post published on June 23. Liquidity providers on the network had begun earning BAL tokens from June 1, with accumulated rew...

Bitcoin Miner Manufacturer to Get Listed on NASDAQ

23 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

Chinese mining equipment manufacturer Ebang will be listed on the NASDAQ exchange on June 26, in a bid to raise as much as $125 million in an Initial Public Offering (IPO), according to local media reports. Blockstream Chief Strategy Officer Samson M...

Federal Reserve Economists: Lawmakers' Worry About Libra "Overstated"

23 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

In a report published on June 22, economists from the United States Federal Reserve have said that earlier iterations of Facebook’s Libra currency had induced an overreaction from lawmakers and that the worries were “overstated.” Garth Baughman and J...

Defi Options Platform Opyn Raises $2.1 Million, Led by Dragonfly Capital

23 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Ethereum (ETH) based options issuance platform Opyn has raised $2.16 million in funding led by Dragonfly Capital, according to an announcement made on June 22. The funding will be used to better improve risk management systems for Opyn’s Ethereum’s o...

PayPal May Be Offering Crypto Buying and Selling to its 325+ Million Users

23 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Fintech platform PayPal may be on the verge of offering services that allow users to buy and sell cryptocurrencies, according to newly posted job listings and reports. CoinDesk reported that its sources allegedly told the publication that the PayPal...

Synthetix, Curve and Ren Release New BTC Yield Farming Pool

23 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Synthetic asset defi platform Synthetix on June 19 announced that it had launched a new Bitcoin (BTC) yield farming pool in collaboration with Curve and Ren (REN). The initiative is to improve the liquidity of Bitcoin assets on the Ethereum (ETH) net...

Maker to Vote On KNC and ZRX As Collateral Tokens

22 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

On June 15, MakerDAO (MKR) has announced that its governance community will vote on the inclusion of Kyber Network (KNC) and 0x (ZRX) as collateral for generating DAI. The community began voting on the improvement proposals on June 15, with the execu...

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...