Krasimir Buchvarov

Krasimir has been following the development of blockchain technology for several years and is optimistic about its potential. He covers breaking news in the sphere, focusing on innovation, regulation, and the cryptocurrency market.

Uniswap’s Second Governance Proposal Could See 5 Million UNI Airdropped

  • The governance proposal has less than a day to come up with another 12 million votes in favor in order to reach the required 40 million votes for a quorum.
  • If passed, a secondary proposal for retroactive distribution will be put forth, this time involving almost 27,000 accounts.

Huawei’s Newest Smartphone Will Come With Digital Yuan Wallet

  • The new Mate 40 line of smartphones will include an integrated hardware wallet, which will support China's CBDC.
  • The phones will come with "hardware-level security, controllable anonymous protection, and dual offline transactions".

Crypto Derivatives Exchange FTX Now Offers Tokenized Stocks Trading

  • FTX has partnered with Digital Assets AG and CM Equity to make the new feature possible.
  • The new tokens represent a fraction of blue chip stocks like Apple, Tesla, and Amazon.

Cambodia’s Central Bank Launches Blockchain-Based Payments System

  • Called Bakong, the new system will allow instant mobile payments, as well as alternative options for transactions such as "deposits, withdrawals, and sending and receiving via e-wallet".
  • The bank also hopes to slow down the spread of the COVID-19 virus by providing its customers with seamless e-payments from person to person.

Overstock’s Medici Ventures Acquires Controlling Stake In Bitt

  • Medici Ventures now has a controlling stake in blockchain startup Bitt after an $8 million equity purchase.
  • Prior to this latest equity purchase, Medici had invested about $7 million across two earlier equity deals.

ConsenSys To Work With Société Générale on CBDC Pilot

  • ConsenSys will work alongside the bank's digital asset arm, SG Forge, on its continued CBDC pilot.
  • The firm will assist with the bank's research on CBDC issuance and management, delivery versus payment and cross-chain interoperability.

KPMG Partners With Coin Metrics To Attract Institutions To Crypto & Blockchain

  • The Big Four firm will integrate Coin Metrics' institutional products with its own Chain Fusion suit of tools as part of the collaboration.
  • Among other things, the new solution will include the FARUM tools for managing risks in blockchain networks and ATLAS for collecting data.

J.P. Morgan’s Stablecoin To Be Used For Global Payments

  • While the name of the firm has remained unknown, J. P. Morgan has revealed that a tech company is about to start using its JPM Coin in global payments.
  • The banking giant has also created a dedicated business devoted to digital currency and blockchain work, called "Onyx".

Harvest Finance Exploit Explained, Team Announces Plan Of Action

  • The attacker used a flash loan from Uniswap to fund his arbitrage scheme, profiting a total of $24 million in the end.
  • The Harvest Finance team has announced a $100,000 reward for anyone who is able to convince the attacker to return the funds.

Toyota Experimenting With Digital Currencies, Blockchain

  • The firm's IT arm is holding a large-scale crypto pilot involving 2,500 of its employees, which focuses on digital currency payments for benefits.
  • Once the trial is over, Toyota is expected to move on to another pilot, this time involving its supply chain and business-to-business transactions.