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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....

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...