‘Wen $DIGG?’ Badger DAO preps for hotly anticipated synthetic BTC launch

The launch of Badger DAO’s DIGG, a synthetic rebasing asset meant to track the price of Bitcoin, is one of the most eagerly anticipated product releases in recent DeFi memory — but the person most excited to see DIGG hit the market might not be a trader, but instead Badger DAO founder Chris Spadafora himself.  According to community-minded Spadafora — who would be quick to note that he doesn’t care for the “founder” label despite its technical truth — anticipation for the launch has led to more than one ‘badgering’…

BTC, ADA, EOS, THETA, AAVE

During an interview with Bloomberg, Grayscale CEO Michael Sonnenshein said that in addition to hedge funds, pension funds and endowments had also started investing in the Grayscale family of products. This suggests that a broad spectrum of institutions are accumulating Bitcoin (BTC). As this trend gathers speed, investment banks have also decided that they do not want to be left behind. A recent filing from Morgan Stanley shows a purchase of a 10.9% stake in business intelligence firm MicroStrategy, a move that was likely made in order to gain exposure…

Bar owner wants to sell two NYC watering holes for $1M in Bitcoin

New York City bar owner and crypto enthusiast Patrick Hughes is offering to sell two of his popular restaurants in the Hell’s Kitchen neighborhood of Manhattan for cryptocurrency. According to a report from the New York Post, Hughes will accept crypto payments in the form of Ether (ETH) or Bitcoin (BTC) for the sale of Hellcat Annie’s and Scruffy Duffy’s located on 10th Avenue in New York City. A sign in front of the bars states that the asking price is 800 ETH or 25 BTC for both properties —…

Key Bitcoin price metric signals BTC may be near a local top

According to data from CryptoQuant, miners appear to be selling large amounts of Bitcoin (BTC). Historically, heightened selling pressure from miners marked a local top and led to sharp, prolonged corrections. BTC/USDT 1-hour chart. Source: TradingView.com Why are Bitcoin miners selling? In May 2020, on-chain analyst Willy Woo said that there would be two sources of unmatched selling pressure in the market after the block reward halving. Woo pinpointed Bitcoin miners and cryptocurrency exchanges selling the fees they gain in the form of crypto assets as the sources of selling…

EOS Plummets After Block.one CTO Dan Larimer Resigns

Key Takeaways Dan Larimer founded Block.one, the technology company behind the EOS network. He also built out the blockchain-based social media platforms Steemit and Voice.  The former CTO cited personal projects as his reason for leaving the company.  Based on Twitter activity and recent social media events, it’s believed that Larimer will double down on his interest in censorship-resistant media. Share this article Dan Larimer announced his resignation as chief technology officer (CTO) of the crypto company, Block.one. The company is responsible for building an alleged “Ethereum killer” and earned…

Daniel Larimer, CTO of EOSIO developers block.one, resigns

Daniel Larimer, the CTO of EOSIO developers block.one and founder of early crypto exchange Bitshares and blockchain-based social media platform Steem, announced in a short blog post today that he has resigned.  “[I] am proud of the EOSIO software I was able to create and launch with the help of an extremely talented group of engineers. Alas, all good things must come to an end. As of December 31, 2020 I have resigned my position as CTO of block.one,” the post read. While the post didn’t specify a reason for…

Dash price explodes 100%, BCH breaks out as Bitcoin cools off below $40K

Bitcoin (BTC) price has once again dropped below the $40,000 level on Jan. 10 after crisscrossing it for the past three days as the spotlight shifted to altcoins, namely Dash (DASH) and Bitcoin Cash (BCH). The BTC price drop comes after another failure to break through resistance at $41,500 in weekend trading. BTC/USD 1-hour candle chart vs. DASH/USD (orange), BCH/USD (blue). Source: Tradingview One reason for the drop is likely an uptick in selling by miners. As reported yesterday, the Miner’s Position Index (MPI) that calculates the ratio of BTC…

Dash, ZEC and Monero reach boiling point?

On New Year’s Day, the U.S.-based crypto exchange Bittrex announced via Twitter that it was delisting three leading privacy coins: Monero (XMR), Zcash (ZEC) and Dash. A link promised further details, but those who followed it learned nothing to explain why trades in those tokens would end on Jan. 15. Still, the news couldn’t have been entirely surprising. Regulators, both in the United States and abroad, have been casting a gimlet eye at privacy coins these days. Unlike Bitcoin (BTC) and Ether (ETH), the coins promise enhanced anonymity by hiding…

Cosmos Finally Launches IBC Protocol for Developers

Cosmos has released a new software development kit (SDK) called Stargate, a major milestone towards building the network’s “internet of blockchains.” Stargate Ushers in Interoperable Era The Stargate launch enables different application-specific blockchains to operate with one other to share data and tokens. Developers can use the accompanying developer kit to deploy decentralized applications that will work across blockchains built using the Cosmos SDK.  Multiple teams tested Stargate before the launch, including Regen Network, Interchain Foundation, Iqlusion, Agoric, Informal Systems, and Tendermint, to name a few.  Apart from enabling interoperability…

Proposal seeks to overhaul Aave’s $375 million Safety Module

In a largely celebratory community call devoted in part to commemorating lending protocol Aave’s January 8th “Aaveversary” — a full year of Aave on Ethereum mainnet — there was also a look into Aave’s possible future: a proposal from Delphi Digital seeking to fundamentally alter Aave’s Safety Module and create a new insurance product offering.  Currently, $aave governance token holders can stake their tokens in the Safety Module, a pool of liquidity designed to help insure the protocol against a “shortfall event” such as a smart contract exploit. Stakers risk…