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Binance New Up & Down Tokens Spark Controversy

14 May 2020 2 minute read 0 comments Abhimanyu Krishnan

Binance’s latest addition, Binance Leveraged Tokens (BLVT), announced via a blog post on May 13, has met with some criticism from the cryptocommunity. The new tokens, Binance says, eased liquidation risk and the “nitty-gritty of managing a leveraged...

Bitcoin on Ethereum Now Exceeds Bitcoin on Lightning Network

14 May 2020 1 minute read 0 comments Abhimanyu Krishnan

According to Ethereum (ETH) blockchain data on May 12, a recent transaction resulted in the minting of 1000 Wrapped Bitcoin (wBTC) on the Ethereum network - which even exceeds the BTC locked into the lightning network. Wrapped Bitcoin have been gaini...

18 Accounts Made 50% of all XRP Transactions

14 May 2020 1 minute read 1 comment Abhimanyu Krishnan

A research paper made available on May 12 on open-access research paper repository arXiv has examined the transactions on major blockchains XRP, EOS (EOS) and Tezos (XTZ), with interesting results. Notably, it states that only 18 accounts were respon...

Reddit's Begins Trial of Ethereum-based Rewards Program, Community Points

14 May 2020 1 minute read 1 comment Abhimanyu Krishnan

On May 14, Reddit had launched its Ethereum-based rewards program, called Community Points. The program is an extension of efforts that began in April, when it was released to a much smaller audience. Discussion surrounding the effort started last mo...

Vitalik Buterin Sheds Light on ETH 2.0 Launch Time Frame

13 May 2020 1 minute read 1 comment Abhimanyu Krishnan

Ethereum (ETH) co-founder Vitalik Buterin made the headlines on May 12 when he seemed to have confirmed that Ethereum would introduce one part of its multi-phase upgrade in July. However, Buterin has clarified that he had misheard the question that w...

Telegram Kills Blockchain Project

13 May 2020 1 minute read 5 comments Abhimanyu Krishnan

Telegram has decided to ditch its blockchain project, founder Pavel Durov announced in a blog post published on May 12. The Telegram Open Network (TON), which raised $1.7 billion in an ICO in 2017, has been the subject of a lawsuit with the United St...

JP Morgan Offers Banking Services to Gemini and Coinbase

13 May 2020 1 minute read 0 comments Abhimanyu Krishnan

Multinational investment bank JP Morgan Chase has decided to offer its banking services to United States based cryptocurrency exchanges Gemini and Coinbase, according to a report by the Wall Street Journal published on May 12. This marks the first cr...

Crypto.com Strikes New Insurance Deal, Takes Offline Storage Protection to $360 million

12 May 2020 1 minute read 0 comments Abhimanyu Krishnan

On May 11, Cryptocurrency payments platform Crypto.com has announced that it has reached a deal with Ledger Vault and Lloyd’s of London underwriter Arch Insurance, securing a $100 million direct insurance policy led by the latter. This adds to the to...

Bitcoin Halving is In - What's Next?

12 May 2020 2 minute read 2 comments Abhimanyu Krishnan

The Bitcoin (BTC) halving has finally occurred, on May 11, bringing to a climax one of the most hotly discussed topics in the space. With the next halving expected in 2024, there has been much talk of what happens between now and the near future. Ana...

Winklevoss Twins Reiterates Gemini's Plans to Go Global

12 May 2020 1 minute read 0 comments Abhimanyu Krishnan

New York-based cryptocurrency exchange Gemini, owned by the Winklevoss twins, is taking steps towards a more global reach, as suggested by Cameron Winklevoss, who was speaking at the ongoing Consensus: Distributed conference on May 11. Gemini has bee...