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Bancor's Solution for Impermanent Loss Brings Positive Results

13 Jan 2021 1 minute read 2 comments Abhimanyu Krishnan

On Jan. 12, the Bancor Network (BNT) team offered an update on how the v2.1 upgrade has impacted performance. In particular, its swap fees massively surpass impermanent loss compensation, bringing profits for the protocol, BNT holders and liquidity p...

Grayscale Reopens Crypto Products as AUM crosses $25B

13 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Digital asset management firm Grayscale Investments has hit the milestone of $25 billion in assets under management (AUM), according to a tweet posted on Jan. 12.  The milestone is a remarkable one for Grayscale, given that it has grown from $2 bill...

YFI founder Andre Cronje Lays Out DeFi Development Difficulties in Blog Post

13 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Yearn.finance (YFI) founder Andre Cronje described the difficulties of developing in the DeFi space, listing out criticisms in a Jan. 12 blog post, and asking readers to ‘take it in context.” In the post, Cronje vents out the frustrations about deve...

Badger Prepares to Launch $DIGG

11 Jan 2021 1 minute read 8 comments Abhimanyu Krishnan

The Badger DAO team is expected to launch synthetic rebasing token DIGG in the upcoming days, as confirmed by the team over Twitter on Jan. 7. DIGG is a synthetic rebasing asset that is based off of Ampleforth (AMPL), but DIGG is pegged to Bitcoin (...

Morgan Stanley Now in Bed With Bitcoin's Beloved MicroStrategy

11 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Multinational investment bank Morgan Stanley has increased its stake in significant Bitcoin investor MicroStrategy to 10.9%, according to an SEC filing dated Jan. 8. Morgan Stanley has added 650,000 shares to its ownership since the third quarter of...

Aave in Discussion of Risk Tranches for its Safety Module

11 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Governance members of decentralized lending protocol Aave (AAVE) may consider risk-based insurance packages as part of its safety module system, according to a discussion during a community call held on Jan. 8. The community call was celebrating Aav...

SushiSwap Lays Out 2021 Plans in Roadmap Update

11 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

In a blog post published on Jan. 10, the SushiSwap team has revealed its development roadmap for 2021, detailing both minor and major changes to the platform. SushiSwap 2021 roadmap includes general improvements, improved pools and new yields One of...

EOS Co-founder Dan Larimer Leaves Project

11 Jan 2021 1 minute read 3 comments Abhimanyu Krishnan

Block.one founder Dan Larimer has resigned from his position as CTO, according to an official statement made on Jan. 10. Block.one is the company that is developing EOS (EOS). Larimer resigned from his position on Dec. 31, 2020, saying that he did n...

UK Opens Consultation Regarding Stablecoins, Wants to Remain FinTech Leader

8 Jan 2021 1 minute read 11 comments Abhimanyu Krishnan

The United Kingdom’s treasury department, Her Majesty’s Treasury, has launched a consultation process for stablecoins with respect to their application in the national economy, according to an official document published in Jan. 2021. Saying that th...

All BitMEX Users are Now Verified

8 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

All users on cryptocurrency derivatives exchange BitMEX have now been KYC-verified, according to an announcement made on Jan. 7. The team announced that it had completed the user verification programme to become one of the largest derivatives exchan...