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BTC Likely to Reach $300K in A Year's Time

8 Dec 2020 1 minute read 21 comments Abhimanyu Krishnan

Market analyst Willy Woo offered a bullish prediction for Bitcoin on Twitter on Dec. 1, saying that $300,000 was a possible price target by the end of 2021. Woo said that his model predicting a $200,000 target was “conservative”, with $300,000 now “...

Maker Governance Community to Vote on Adding AAVE and Uniswap LP tokens as Collateral

8 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

The Maker Governance Facilitator added proposals to support AAVE and Uniswap LP tokens as collateral for generating DAI, according to a blog post published on Dec. 7. The three assets are under consideration are AAVE, and the Uniswap V2 DAI- ETH and...

Facebook Could Face Lawsuit over ‘Diem’ Brand

8 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

Facebook could face a lawsuit from London-based startup Diem over the use of the name 'Diem', according to a report from business outlet Sifted published on Dec. 7.  Diem, also a fintech company, told the outlet that it was prepared to sue Facebook...

Microstrategy Looking to Invest Another $400 Million in Bitcoin

8 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

On Dec. 7, Microstrategy announced that it was planning to invest more into Bitcoin, this time up to $400 million in convertible bonds. The $400 million from the bonds will be used to buy Bitcoin “pending the identification of working capital needs”...

Spain’s Second Largest Bank to Offer Crypto Services in 2021

8 Dec 2020 1 minute read 3 comments Abhimanyu Krishnan

BBVA, Spain’s second largest bank, will begin offering cryptocurrency trading and custody services, according to a report from CoinDesk on Dec. 8. Sources told CoinDesk that the bank would offer crypto services out of Switzerland, where regulation f...

OMG Network Gets Acquired by Genesis Block subsidiary

7 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan

Genesis Block Ventures, a subsidiary of Hong Kong based over-the-counter firm Genesis Block, has purchased OMG Network (OMG) for an undisclosed amount, according to an official announcement published on Dec. 3. GBV made the purchase with DeFi in min...

Compound and Uniswap Put Grant Programs to Governance Vote

7 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

In the first week of December, Compound Finance and Uniswap both began working towards the inclusion of grants programs to support ecosystem development on their respective platforms.  The two platforms are among the DeFi market’s most popular servi...

Solana Goes Down for 6 Hours

7 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

The Solana blockchain experienced an outage lasting roughly 6 hours on Dec. 4, as revealed by the team in a blog post. The Solana mainnet beta cluster stopped producing blocks at approximately 13:46 UTC, which stopped new transactions from being con...

Microstrategy Puts Another $50M into Bitcoin

7 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

Microstrategy CEO Michael Saylor on Dec. 5 tweeted that the company had invested another $50 million in bitcoin, bringing its total BTC holdings to  $784 million. Saylor said that Microstrategy had purchased another 2,574 BTC worth $50 million, brin...

Chinese e-commerce Giant JD.com to Accept Digital Yuan for Payments

7 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

JD.com, one of China’s largest online retailers, will accept the country’s digital yuan CBDC as a means of payment, according to a Reuters report published on Dec. 5. JD.com, an online mall, will support the CBDC as China prepare for its shopping se...