Author: Brady Dale

Stellar’s Foundation Just Destroyed Half the Supply of Its Lumens Cryptocurrency – CoinDesk

CoinDesk

MEXICO CITY – The Stellar Development Foundation has burned 55 billion of its XLM tokens, over half the cryptocurrency’s supply, CEO Denelle Dixon announced from the stage of the Stellar Meridian conference Monday. Previously, there had been 105 billion XLM Read More

This Startup’s Upgrade Code Can Be Used by Any Bitcoin-Based Blockchain – CoinDesk

CoinDesk

A small blockchain company out of Arizona has built open-source software that it says any bitcoin-based blockchain could use to improve its functionality. Nexus announced Monday what it called its seventh “activation” – a protocol upgrade that brings smart-contract functionality Read More

What Facebook CEO Mark Zuckerberg Said in His Defense of ‘Free Expression’ – CoinDesk

CoinDesk

Facebook CEO Mark Zuckerberg defended free expression in a speech at Georgetown University on Thursday. “[The internet] allows people to share things that wouldn’t have been possible to share before,” he said. However, “we’re seeing people across the spectrum try Read More

YouNow Sees Strong Revenue Growth After SEC Approves Token Distribution – CoinDesk

CoinDesk

In a disclosure expected to be published Wednesday by the U.S. Securities and Exchange Commission (SEC), blockchain-based live-streaming company YouNow reported revenues have grown steadily since the release of its props token in July. The filing follows YouNow receiving approval from the Read More

Polychain, Bitmain Back $10.7 Million SAFT for Encryption Startup NuCypher – CoinDesk

CoinDesk

NuCypher, an encryption startup, has raised $10.7 million in a simple agreement for future tokens (SAFT) led by Polychain Capital. Marking the occasion, the company launched its public testnet. NuCypher’s particular product is based on proxy re-encryption, which allows files Read More

The First Yearlong ICO for EOS Raised $4 Billion. The Second? Just $2.8 Million – CoinDesk

CoinDesk

The Takeaway: Block.One’s yearlong initial coin offering (ICO) for the EOS blockchain raised a record-breaking $4.1 billion in 2018. LiquidApps created a second-layer protocol for EOS to offload computing expenses for dapps, which became very expensive just a few months after EOS Read More

CryptoKitties Creator Raises $11 Million from Warner, A16z to Launch Own Blockchain – CoinDesk

CoinDesk

Warner Music is collaborating with Dapper Labs, the company behind CryptoKitties, to create a new blockchain called Flow. According to a story in Forbes Thursday, Dapper Labs has garnered $11 million in funding for the project, including investment from Warner. Read More

Staked Automates the Best DeFi Returns With Launch of Robo Advisor – CoinDesk

CoinDesk

Investors in decentralized finance (DeFi) have a new way to generate the best possible returns. Staked’s new Robo Advisor for Yield (RAY) service, which launches today, automates the process of finding high-yielding opportunities. Normally, investors have had to watch constantly Read More

Libra Association’s Crypto Members Remain Unfazed by Regulatory Backlash – CoinDesk

CoinDesk

Since first being announced in June, Facebook’s proposed Libra cryptocurrency has drawn the ire of lawmakers and regulators worldwide. But, according to sources close the Libra Association, that was to be expected. “We always knew this was something that was Read More