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Dash Says its Privacy is No Better Than Bitcoin’s

4 Jan 2021 1 minute read 3 comments Abhimanyu Krishnan

On Jan. 2, the Dash team officially stated that its privacy is no better than that of Bitcoin. The statement follows the news that Bittrex would be delisting the DASH token along with Monero (XMR) and Zcash (ZEC).  The team has clarified that DASH i...

Bitcoin is Now 12 Years Old

4 Jan 2021 1 minute read 3 comments Abhimanyu Krishnan

Bitcoin hit its all-time high on its 12th birthday on Jan. 3, capping an extraordinary run that saw the asset add over $3000 in a single day. The new all-time high of $34,650 is just one of many milestones Bitcoin has reached in the past 12 months T...

Wrap Finance Loses Nearly $8M in Flash Loan Attack

18 Dec 2020 1 minute read 93 comments Abhimanyu Krishnan

Lending protocol Wrap Finance has become the latest victim of a flash loan attack, losing approximately $7.7 million on Dec. 18. The attacker siphoned $7.7 million worth of stablecoins, with the team saying there is a plan to recover $5.5 million, w...

The Graph Launches on Mainnet

18 Dec 2020 1 minute read 21 comments Abhimanyu Krishnan

Data protocol The Graph launched on the Ethereum mainnet on Dec. 17, completing a three year development cycle and a busy 2020 that included launching a testnet, establishing governing bodies and running a token sale. The Graph’s indexing protocol a...

Coinbase Gets Ready For Its IPO

18 Dec 2020 1 minute read 13 comments Abhimanyu Krishnan

In a blog post published on Dec. 18, San Francisco-based exchange Coinbase revealed that it had filed documents with the United States Securities and Exchange Commission (SEC) to go public. Coinbase submitted a draft registration statement on Form S...

Nexus Mutual Hacker Wants 10x in Ransom

17 Dec 2020 1 minute read 8 comments Abhimanyu Krishnan

The hacker who targeted Nexus Mutual CEO Hugh Karp and stole $8.3 million has asked for a ransom of 4.5k ETH, or around $3 million, according to a message embedded in the Ethereum transaction. The embedded message reads “Hello Hugh. I will not sell...

FTX Ahead of Its Competition With Tokenized Weed Stocks

17 Dec 2020 1 minute read 4 comments Abhimanyu Krishnan

Derivatives exchange FTX has added a series of weed stocks to its tokenized stock offerings, CEO Sam Bankman-Fried revealed on Dec. 16. The five weed stocks that have been added are Tilray, Canopy Growth, Aurora, Cronos and Aphria; the stocks will b...

Aave Surpasses $2B in Total Liquidity

17 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized lending protocol Aave (AAVE) has crossed $2 billion in total liquidity, the team announced on Dec. 17. Aave’s current liquidity is roughly $2.02 billion, rising approximately 8% in the last 24 hours The AAVE token has been of the handf...

Guggenheim CIO Says Bitcoin's Fundamental Value is $400k

17 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

Guggenheim CIO Scott Minerd, in an interview on Bloomberg TV on Dec. 17, said that fundamental analysis put Bitcoin’s value at $400,000. Minerd put the valuation at $400,000 after taking into account Bitcoin’s scarcity and the relative valuation of...

Bitcoin Reaches New ATH as Rally Blows Past $23k

17 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

On Dec. 16, Bitcoin finally breached the $20,000 barrier and its previous ATH, after weeks of rallying and flirting with new price levels. The price currently sits at over $23,000 at the time of publishing. Bitcoin surged past $20,000 on Dec. 16 ami...