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Coinbase Decreases Interest for USDC Holders by 88%

3 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

US-based exchange Coinbase on June 2 emailed its users that it would be decreasing the interest rate for its stablecoin USD Coin (USDC) from an annual yield of 1.25% to 0.15% - an 88% drop in return rates for holders. Saying that they periodically as...

Blockstream CEO Adam Back: Crisis to send Bitcoin to $300K

3 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

In an interview with Bloomberg on June 2, Blockstream CEO Adam Back said that the stimulus packages that governments have been releasing would push Bitcoin to “$300,000 within five years.”  The Blockstream CEO said that this price rise would occur ir...

OmiseGO Ships Plasma that Scales Ethereum

2 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

Thailand-based project OmiseGO (OMG), which is building solutions ripe for application in developing countries, has launched the Plasma scaling solution that brings much greater scalability to the Ethereum network, according to a blog post published...

Ripple Co-Founder Sold $500K a Day of XRP in May 2020

2 Jun 2020 1 minute read 7 comments Abhimanyu Krishnan

Ripple co-founder Jed McCaleb has sold $500k worth of XRP - roughly 2.7 million XRP - on average everyday in May 2020, according to data being released. The address in question shows sales of XRP in the range of 2 to 3.5 million XRP for almost every...

Coinbase Went Down Again Amid BTC $10K Spike

2 Jun 2020 1 minute read 7 comments Abhimanyu Krishnan

US-based exchange Coinbase went down on June 1 and 2 just as the price of Bitcoin (BTC) was setting itself up to cross the $10k, marking yet another time in the past few months where the exchange has experienced downtime in times of market volatility...

Brave Browser Releases Report on Their Massive Growth

2 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

The Brave team has released a new report on June 1 that indicates great progress all round for the privacy-focused browser. Crossing the 15 million active user mark, the browser has shown a 125% growth over the past 12 months. The report also covers...

Venezuela Makes Struggling Petro Cryptocurrency a Payment Option for Fuel

2 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

According to an official statement published on May 31, Venezuela has added its struggling state-backed cryptocurrency Petro as a payment option for fuel in the country - but this follows the removal of fuel at subsidized rates, which essentially giv...

Tezos Staking via Coinbase Now in Europe

29 May 2020 1 minute read 2 comments Abhimanyu Krishnan

On May 28, Coinbase announced that it would support Tezos (XTZ) staking rewards for many European countries for them to earn simply by holding crypto. The feature, which was first made available to US customers, sees Coinbase stake on behalf of custo...

Coinbase Airdropped OMG Tokens to Ethereum Holders

29 May 2020 1 minute read 2 comments Abhimanyu Krishnan

On May 29, Coinbase airdropped OmiseGO (OMG) tokens to long-term Ethereum (ETH) holders. The airdrop, which was first announced as a part of a decision made in 2017, will see users who have held ETH on the airdrop date of July 7, 2017 receive 0.075 O...

Hal Finney Used Macs, Satoshi Did Not

29 May 2020 1 minute read 0 comments Abhimanyu Krishnan

Much speculation has formed about the identity of Satoshi Nakamoto, with no conclusive evidence for any of the candidates. However, now the Twitter posts from one of the most popular candidates, Hal Finney, has some individuals ruling out the possibi...