Tagged: ethereum

April 16, 2020 @ 8:37 pm By Omar Faridi  |  

dForce, a Chinese decentralized finance (DeFi) solution provider, has secured $1.5 million in capital. The DeFi platform’s latest round was led by Multicoin Capital. Huobi Capital and China Merchants Bank International (CMBI), the investment division of one of the largest financial institutions in China, also… Read More

April 15, 2020 @ 6:58 pm By Omar Faridi  |  

A class-action lawsuit has been filed against the Maker Foundation, which supports the ongoing development of MakerDAO, a leading decentralized Ethereum (ETH)-powered lending facility. The suit alleges that the foundation intentionally misrepresented the risks potential investors in the decentralized finance (DeFi) ecosystem could face. The… Read More

April 14, 2020 @ 10:19 pm By Omar Faridi  |  

The Blockchain Research Institute, which is managed by China’s Center for Information and Industry Development (CCID), has published its (17th) latest Global Public Chain Technology Evaluation Index. The distributed ledger technology (DLT)-focused index ranks 37 of the most prominent or widely-used public blockchain networks. It… Read More

April 14, 2020 @ 1:18 pm By Omar Faridi  |  

Brooklyn, New York-based ConsenSys, a leading Ethereum (ETH) development studio, has published a new report which covers major decentralized finance (DeFi) protocols and their performance during the first quarter of 2020. The report notes that two key events defined decentralized finance during the first three… Read More

April 13, 2020 @ 10:49 am By Omar Faridi  |  

Ledger, a leading cryptocurrency hardware wallet provider, recently revealed that it’s now allowing its customers to make payments for products through Hong Kong-based Crypto.com’s online wallet app. As noted in an announcement published on April 9, 2020, Ledger will be accepting payments made using Bitcoin… Read More

April 13, 2020 @ 1:37 am By Omar Faridi  |  

Digital bank Revolut allows its 7 million customers to purchase cryptocurrencies. This, as reserve banks across the globe have announced huge stimulus packages to support their struggling economies, following the deadly Coronavirus (COVID-19) outbreak. This support from Revolut, which is notably one of Europe’s most… Read More

April 11, 2020 @ 10:32 am By Omar Faridi  |  

During the past few years, blockchain or distributed ledger technology (DLT) has been adopted by a large number of companies from several major industries. There are currently hundreds of different DLT platforms being operated across the globe. Most of these blockchain-enabled networks are unable to… Read More

April 10, 2020 @ 12:50 pm By Omar Faridi  |  

Digital asset investors are reportedly paying a significant 515% premium in order to purchase Ether (ETH) via the Grayscale Ethereum Trust. It currently costs $90.55 to acquire a share in Grayscale Investments’ Ethereum Trust (ETHE). This, despite its Ethereum (ETH) holdings per share being valued… Read More

April 7, 2020 @ 8:00 pm By JD Alois  |  

Propine Seeks to Power the Future of Digital Assets Singapore has long been a leader in Fintech. Innovative financial services have benefited from a supportive regulatory regime and an entrepreneurial population. Singapore is also a highly business-friendly, low tax jurisdiction and has emerged as a… Read More

April 7, 2020 @ 2:59 pm By Omar Faridi  |  

New York-based ConsenSys, a leading Ethereum (ETH) development studio, and Gitcoin, a fundraising platform, are supporting a digital hackathon event that aims to find solutions for the deadly Coronavirus (COVID-19) outbreak. As noted in a blog post published by ConsenSys, the hackathon event aims to… Read More

April 3, 2020 @ 5:52 pm By Omar Faridi  |  

The Maker Foundation, which focuses on the development of MakerDAO, an Ethereum-based, decentralized lending protocol, will be transferring its governance power to the community during the next couple of years. The Foundation confirmed that it will be publishing a draft of the new MakerDAO community-led… Read More

April 3, 2020 @ 4:09 pm By Omar Faridi  |  

Thesis, the developers behind the Keep protocol, have acquired $7.7 million in capital through an investment round led by Paradigm Capital. Collaborative Funds and Fenbushi Capital also took part in the round. Thesis, which mainly serves as a venture production studio, is planning to introduce… Read More

April 3, 2020 @ 11:50 am By Omar Faridi  |  

The developers of Augur (REP), a decentralized prediction market platform, are planning to release the protocol’s second iteration on the Ethereum (ETH) blockchain network in June 2020. Augur’s second version (v2) will add new features such as a Dai stablecoin-denominated token, which will be a… Read More

April 1, 2020 @ 11:39 pm By Omar Faridi  |  

San Francisco-based Paradigm, a digital asset investment firm, is reportedly the biggest winner of several MKR governance token auctions which were meant to cover about $4.5 million of undercollateralized debt. The auctions, which took place between March 19 and March 28, 2020, managed to raise… Read More

April 1, 2020 @ 11:28 pm By Omar Faridi  |  

San Francisco-based digital asset exchange Coinbase claims that retail customers purchased Bitcoin (BTC), the flagship cryptocurrency, the most during the March 2020 market crash. As noted in a report from Coinbase (released on March 31, 2020), customers usually purchase about 60% more than they sell…. Read More

March 26, 2020 @ 6:55 pm By Omar Faridi  |  

Delta Exchange, a crypto asset derivatives exchange, reports that it has maintained a stable monthly trading volume of $400-$500 million. Delta Exchange’s management revealed on March 3, 2020, that they’re introducing their options products, including BTC-MOVE and ETH-MOVE contracts. Delta Exchange is reportedly the first… Read More

March 26, 2020 @ 6:48 pm By Omar Faridi  |  

New York-based Citi, an American multinational investment bank and financial services corporation with over $1.9 trillion in total assets, has reportedly increased its equity stake in komgo, a company that’s developing an Ethereum (ETH)-powered enterprise blockchain platform for trade financing. Citi confirmed that it began… Read More

March 26, 2020 @ 6:46 pm By Omar Faridi  |  

The Maker Foundation, an organization that supports the ongoing development of MakerDAO, a decentralized autonomous organization that operates an Ethereum-based lending system, has decided to hand over governance (through a smart contract) to MKR token holders. The Maker Foundation said the decision was the initiative’s… Read More

March 26, 2020 @ 11:04 am By Omar Faridi  |  

Digital asset lender Nexo has introduced a PAX Gold (PAXG) credit line for retail clients. Nexo’s management noted that it will allow all investors to use the PAXG token as a collateral option. This offering was only available for the company’s institutional clients. PAXG is… Read More

March 24, 2020 @ 11:38 pm By Omar Faridi  |  

Uniswap, a widely-used non-custodial digital asset exchange, has revealed that the decentralized protocol’s second iteration will launch during Q2 2020. It will add new features such as support for additional ERC-20 compliant pairs, more peer to peer price oracles, flash swaps and a new protocol… Read More