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Archives by Year:
Yearn and Convex Are Competing for Curve Tokens
Key Takeaways Convex Finance is a new DeFi protocol offering yield farming optimization on Curve Finance’s stablecoin pools. In order to boost yields, both Convex Finance and Yearn Finance need to lock CRV tokens in Curve Finance’s vesting escrow. As a result of the battle between the two projects, CRV has jumped 59.5% in the […]
FTX Is Sponsoring and Renaming an E-Sports Team
Key Takeaways FTX is sponsoring e-sports group TSM in a $210 million deal that will see the organization rebrand itself to TSM FTX The new brand will be used online and in competitions. TSM is valued at approximately $410 million, and it is currently the largest e-sports organization in the U.S. This Exchange News was […]
Square Is Planning to Launch a Bitcoin Hardware Wallet
Key Takeaways Square is planning to create a Bitcoin hardware wallet. The tool will be aimed at mobile users; it will also be non-custodial, giving users control over their keys and crypto. Square is highly active in the crypto sphere; it has purchased Bitcoin and funded development of the Bitcoin ecosystem. This news was brought […]
Indian Central Bank Reaffirms Anti-Crypto Stance
The Governor of the Reserve Bank of India has clarified the bank’s aversions to cryptocurrencies. Indian Central Bank Still Anti-Crypto India’s central bank is still taking a firm stance against cryptocurrencies. The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, clarified in an online press conference that there is “no change in RBI’s […]
SpaceX Launches Flight to ISS with Ethereum Node
Key Takeaways A SpaceX rocket is carrying an Ethereum node to the International Space Station for SpaceChain. SpaceChain offers blockchain custody services and claims this project is a sign of decentralization and censorship resistance of blockchain technology. Institutional clients will get access to the node to better their security and protect their digital assets. While […]
Bitcoin “on Track to Hit Six Figures in 2021”: Bloomberg
Key Takeaways Bloomberg’s latest crypto report claims that Bitcoin could hit six figures in 2021. The report also makes the case that Ethereum could overtake Bitcoin in market capitalization terms. It also highlighted Tether’s role in strengthening the “digitalization of money.” Bitcoin to six figures? Bloomberg thinks it’s likely to happen this year. Bloomberg Shares […]
Bitcoin, Ethereum, DeFi Hit by Latest Musk Tweet
Key Takeaways Crypto prices plummeted Thursday after Elon Musk posted a tweet suggesting he’d broken up with Bitcoin. Bitcoin, Ethereum, and various DeFi tokens are in the red. The crash liquidated $600 million worth of futures positions in the crypto derivates market. The cryptocurrency market slumped Friday morning after Elon Musk called an end to […]
DoJ to Prioritize Ransomware Attacks with Terrorism: Report
Key Takeaways The Department of Justice has established a task force to tackle ransomware attacks. The attackers behind the recent Colonial Pipeline incident reportedly received their $5 million ransom in cryptocurrency. Critics have claimed that cryptocurrencies have enabled ransomware attacks. A senior Department of Justice official has revealed that the U.S. will give similar priority […]
Anchorage Launches ETH-Backed Loans for Institutions
This news was brought to you by Phemex, our preferred Derivatives Partner. Anchorage has partnered with one of America’s oldest banks to launch Ethereum-backed loans. Anchorage Adds Lending Product Anchorage Digital has launched ETH-backed loans. The digital assets company has introduced the new lending product in partnership with BankProv, one of the oldest banks in […]
Norton’s Security Suite Will Let Users Mine Ethereum
Key Takeaways Norton will add Ethereum mining tools to Norton 360, its all-around security suite, in the coming weeks. The company aims to provide a way for users to mine cryptocurrency without disabling security apps. The tool will store user earnings in an online cloud wallet. Mine Crypto NortonLifeLock will add a built-in cryptocurrency mining […]
