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Archives by Year:
Vitalik Buterin Criticizes Square, Facebook Crypto Plans
Key Takeaways In a Bloomberg interview, Ethereum founder Vitalik Buterin commented on blockchain plans from Square and Facebook. Buterin criticized Square’s DeFi plans, suggesting that the firm will need to maintain control over user funds. He also criticized Facebook, calling the recent revival of Libra under the name Diem a “rebirth of dead ends.” Ethereum […]
SEC’s Gary Gensler Says DeFi Apps Can Be Regulated
Key Takeaways Gary Gensler says that the U.S. Securities and Exchange Commission could begin to regulate DeFi platforms. Though DeFi platforms have little control over user funds, they often have an organized and transparent set of developers. The U.S. SEC has already targeted at least two decentralized projects; one this month and one in 2018. […]
Avalanche Soars on Aave News, But Dip Looks Imminent
Key Takeaways Avalanche is making significant strides to expand the network’s utility, recently announcing plans to integrate Aave and Curve Finance. Market participants appear to have welcomed the recent developments around it, with AVAX surging in the last three days. Nonetheless, it looks like a spike in profit-taking is under way, meaning a dip could […]
$25M Uniswap Proposal Sparks Another Governance Controversy
Key Takeaways Flipside Crypto has requested a $25 million grant from Uniswap to build a community driven analytics firm. Critics of the proposal have questioned why the Uniswap grant should favor only one actor in the space. Uniswap’s governance process was also criticized last month as a small number of parties can influence votes due […]
Ethereum Is Getting a New Layer 2 Optimistic Rollup
Key Takeaways A new Optimistic Rollup created by Enya and OMG Network has gone live on mainnet. Boba Network will be competing with the likes of Optimism and Arbitrum. Unlike other rollups, Boba Network offers fast transfers to Ethereum mainnet. This news was brought to you by ANKR, our preferred DeFi Partner. Enya and OMG […]
Pendle Finance Launches Support For LP Derivatives
Key Takeaways Pendle Finance has launched tokenized yields for Sushi LP Positions. Users can now split their LP position into derivative tokens, allowing for speculation on future market movements. Derivatives like Pendle’s yield tokens are a growing part of the DeFi ecosystem. This news was brought to you by ANKR, our preferred DeFi Partner. Pendle […]
Japanese Crypto Exchange Liquid Suffers $84M Hack
Key Takeaways Japanese cryptocurrency exchange Liquid has reported a security attack on its hot wallets. While Liquid did not specify the amount that was stolen, the team shared the hacker’s crypto addresses. This is the second incident in which Liquid’s infrastructure has been compromised. This Exchange News was brought to you by OKCoin, our preferred […]
Highstreet Announces $5 Million Round To Combine VR, NFT, and Crypto
Key Takeaways Highstreet is a next-generation digital marketplace where users can shop in group in virtual reality. The project has completed a $5 million raise from crypto and traditional VCs alike. Highstreet is reimagining the retail experience allowing groups of users to shop NFTs together tied to real-world products. The VR Metaverse is inching closer. […]
Coinbase Has Stockpiled $4 Billion for a “Crypto Winter”
Key Takeaways Alesia Haas, CFO of Coinbase, says that the crypto exchange has set aside $4 billion for unforeseen events. The fund could be used to pay for regulatory costs, endure reduced trading volumes, or make investments during a “crypto winter.” Coinbase has grown rapidly; it brought in $1.8 billion of revenue and $740 million […]
Ethereum Holds on Stable Support While Sell Signals Pop Up
Key Takeaways Ethereum sits on top of stable support following an 87% rally. However, a particular technical indicator recently presented a sell signal. A spike in downward pressure could see ETH drop toward $2,500. This news was brought to you by Phemex, our preferred Derivatives Partner. Ethereum has been on a roll lately after undergoing […]
