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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...

Ethereum Mining Revenue Shortly Jumped by 46%

16 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Data published by analytics company glassnode on June 15 shows that Ethereum mining revenue has jumped by 46% over the past 24 hours.  This increase is considered to be temporary, a consequence of a $2.7 million transaction fee involving 350 Ether (...

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....