News
03 February 2020
A quick breakdown of the Open Foundation's annual transparency report for 2019
Earlier this week, the foundation for the Open Application Network (OAN) released its quarterly transparency report. In Q4 ‘19, the Open Foundation spent ~$2.3 million from its fiat, bitcoin, and ether treasury, up 24% q/q. The increase came primarily from a jump in marketing expenses to support the...
News
03 February 2020
Bitcoin Usage Among Merchants Is Up, According to Data From Coinbase and BitPay
Bitcoin usage among merchants is increasing. Bitpay and Coinbase Commerce processed $1 billion and $135 million worth of cryptocurrency payments in 2019, according to spokesmen from BitPay and Coinbase respectively. The majority of these payments were done using Bitcoin.
Why it matters:
- A common ...
News
03 February 2020
PoolTogether DeFi App Announces $1M Investment After No-Loss Lottery Payout Tops $1K
Pool Together, a "no-loss lottery," has announced they've raised $1.05 million in a round led by IDEO CoLab Ventures with participation from ConsenSys and DTC Capital. The platform operates by users depositing money which immediately goes into Compound to begin earning interest. At the end of the we...
“All networks that claim they will ‘decentralize governance later,’ will have to walk a similar path to the one Zcash’s been walking.” – Chris Burniske
Funding public goods is hard. Funding an open-source zero-knowledge proof cryptocurrency is even harder. This is the new spin on the classic common...
After climbing over 11% from the lows last week, Bitcoin closed at $9329 - an 8.47% gain from it's open at $8600. Now, it consolidates under the resistance around $9750 that held it down in October.
The altcoin market joined in the surge, with a similar percentage climb from $81 billion to $90 billion.
Will this resista...
Open Finance Fundamentals
This report is part of a weekly series where we will explore the mechanics behind major Open Finance protocols and evaluate them on a fundamental basis. You can view prior reports here.
The predominant use case of DeFi lending is to lever up existing positions to heighten...
News
31 January 2020
Casa reshuffles its front office and shifts focus to bolstering its subscription service
Earlier today, Jeremy Welch announced he would step down from his role as CEO of Casa "due to a major family health issue." Casa's Head of Product, Nick Neuman, will now take over as the Bitcoin security startup's new lead.
In a subsequent blog post, Neuman said Casa would stop producing its "plug-...
News
31 January 2020
Few banks will touch crypto firms, but Silvergate wants to touch Bitcoin itself
Silvergate made a name for itself providing banking to cryptocurrency businesses. However, it’s ambitions reach further than just providing traditional financial services to such clients. Not only did Silvergate make its first “pure” crypto hire with a former Blockstream Liquid executive, but it als...
Genesis Capital released its fourth-quarter Insights report, which demonstrates sustained growth in its lending business originating $1.1 billion, an increase from their prior all-time high of $868 million in Q3. Active loans also increased to over half a billion, up 21% despite the declining bitcoi...
TokenSoft, a security token issuance platform is launching self-managed investment accounts for its 100,000 users which include a multi-signature wallet with a brokerage-style user experience. The wallet will allow automated dividend distributions and reinvestment opportunities as well as integrated...