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MakerDAO's Wrapped Bitcoin Makes it Possible to Generate DAI from Bitcoin

4 May 2020 1 minute read 2 comments Abhimanyu Krishnan

The MakerDAO governance voted in favor of supporting Bitcoin's addition  Bitcoin becomes 4th asset capable of generating DAI Wrapped Bitcoin (wBTC) expected to increase liquidity for DeFi  On May 3, the MakerDAO’s governance community voted in favo...

Ripple's Q1 2020 Sales Suffers 87% Drop from Q4 2019

4 May 2020 1 minute read 1 comment Abhimanyu Krishnan

Sales have declined by 87% since Q4 2019 Ripple's current focus has been to build utility and liquidity Average XRP daily volume has increased to $322 million from $187 million last quarter Ripple released its XRP sales report for Q1 2020 on April...

Coinbase Partially Goes Down Amid Bitcoin $9000 Rally

30 Apr 2020 1 minute read 0 comments Abhimanyu Krishnan

With only roughly 2 weeks left before the halving arrives, Bitcoin (BTC) surged past $9000 on April 30 for the first time since March 7, 2020. It currently trades at roughly $8950 - and as more investors are getting into the market in anticipation of...

YouTube Suspends Ripple CTO’s Channel

30 Apr 2020 1 minute read 9 comments Abhimanyu Krishnan

In a tweet posted on April 29, Ripple’s Chief Technology Officer (CTO) David Schwartz has revealed that he has had his YouTube channel suspended for impersonation, For the moment, Schwartz has uploaded some of his videos to the Cinnamon platform, wh...

Telegram Delays TON Launch Again, Ready to Refund up to 72% of Each Investor's Funds

30 Apr 2020 1 minute read 1 comment Abhimanyu Krishnan

Messaging app Telegram has decided to return up to 72% of each investor’s stake, according to a letter published on April 30. Telegram has also decided to postpone the launch of the Telegram Open Netwok (TON) network, the second time it has delayed t...

Nasdaq and R3 Partner to Help Institutions Build Digital Asset Marketplaces

30 Apr 2020 1 minute read 1 comment Abhimanyu Krishnan

New York City-based stock exchange Nasdaq will partner with blockchain technology company R3 with the purpose of helping financial institutions build their own digital asset marketplaces, according to a press release published by R3 on April 29. The...

Analyst Peter Brandt Compares Tether to a 'Nigerian Trinket'

30 Apr 2020 1 minute read 0 comments Abhimanyu Krishnan

Prominent market analyst Peter Brandt, who has in recent times quickly become a go-to source for regular cryptocurrency market investors, has compared the Tether (USDT) stablecoin to the ‘Nigerian trinket’, saying that “it is about as safe as holding...

Tether Issues 15 Million USDT on TRON

29 Apr 2020 1 minute read 16 comments Abhimanyu Krishnan

The Tether (UDST) has issued 15 Million USDT on the TRON (TRX) blockchain, according to tracking platform Whale Alert, which tweeted that this $15 million worth of the USDT stablecoin had been minted by the Tether Treasury. The transaction was made o...

Second Largest Bitcoin Derivatives Exchange Closes Services in Japan

29 Apr 2020 1 minute read 0 comments Abhimanyu Krishnan

BitMEX, the second largest Bitcoin derivatives exchange, has been forced to shutter its services in Japan following regulatory changes, according to a blog post published on April 28. The announcement states that amendments made to the Japan Financia... Joins Facebook's Libra Association

29 Apr 2020 1 minute read 0 comments Abhimanyu Krishnan

Facebook’s Libra Association has seen a new member join the cohort, as announced on April 28 that it had joined Facebook’s intensely debated cryptocurrency initiative.  In the blog post, Chief Executive Officer (CEO) and fo...