Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHAAug 23, 2020
Coins
Augur swept up in DeFi craze as crypto hits highest price since January 2018
Trading boomed this weekend for Augur (REP), the coin that underlies the ambitious decentralized betting protocol masterminded by Joey Krug. Its price hit highs of $30 on Saturday and trading volume is through the roof. Augur began its slow upward charge at about midday on Friday, marching from about $20 to $30 by early Saturday morning—an increase of 50%—according to data from metrics site CoinMarketCap. This was Augur’s highest price since January 2018, when Augur hit nearly $110. And at pea...
Jul 8, 2020
Coins
Ethereum's DeFi tokens are rapidly outpacing Bitcoin
Tokens associated with decentralized finance (DeFi) protocols exploded in value in the past three months, outperforming the wider cryptocurrency market by a wide margin. Over $2 billion worth of Ethereum and Bitcoin has found its way into DeFi protocols already. The second billion of that sum flooded in during just three weeks in June. What’s more, DeFi platforms are now collectively handing out $25 million per month to their users. As a result, the tokens used by these DeFi protocols have grow...
Jun 26, 2020
Coins
These altcoins are outperforming Bitcoin so far this year
Bitcoin is set to be outperformed by altcoins, especially as banks continue to print money, according to research from crypto investment firm Pantera Capital. In its June Blockchain Letter published Wednesday, the hedge fund said that while an altcoin bull run the size of 2017’s is unlikely to happen again, we are in the midst of a bull market cycle—and we will continue to be in one until next year. NOW AVAILABLE: Our June #Blockchain Letter, Out-Performing Bitcoinhttps://t.co/1ifmeqfu87 — Pan...
Jun 26, 2020
Business
Facebook Forecast muscles in on prediction markets
The social media giant has announced the release of its own prediction platform, Facebook Forecast. Launched in Beta this week, Facebook Forecast allows community members to make predictions on future events. Currently, the prediction market industry is dominated by crypto-powered platforms, most notably Augur. Forecast follows a similar model: It polls users on a range of forward-facing issues, rewards a participatory audience with social credit, and publishes the survey results on its platform...
Feb 1, 2020
Business
Crypto prediction markets rush to predict Super Bowl 2020 result
With Super Bowl 2020 set to kick off this weekend, prediction markets are heating up with bettors looking to try and make money on the outcome. Over on Augur's prediction market, at the time of writing, some 136 ETH have been placed, equating to $24,543 at current market prices. While small in comparison to the $400 million in total bets placed this year (a record) on the outcome, it's one of the largest pots currently live on Augur. The market in question opened on January 9, when there were st...
Dec 19, 2019
Technology
How the blockchain correctly predicted Trump's impeachment
Today, US President Donald Trump has been officially impeached. Yet, the outcome was correctly predicted by a blockchain-based prediction platform, known as Augur, more than a month ago. As Decrypt reported back in mid-November, the odds on the President’s impeachment had changed drastically since the public hearings kicked off. At the time, responding to the market question “Will Donald Trump be impeached by the end of 2019,” Augur bettors predicted a landslide 75% in favor of impeachment. This...
Nov 20, 2019
Markets
Augur and Synthetix Network lead market revival
Following a week of almost perpetual decline, the cryptocurrency markets appear to be showing signs of relief today, with most major cryptocurrencies experiencing slight gains in the last day. As it stands, Bitcoin SV (BSV), EOS and Maker (DAO) are among the minority of cryptocurrencies that are still in the red, whereas several altcoins are experiencing significant gains. Among the best performers are NEO, NEM, and Dogecoin (DOGE), which are all up between 2-6% apiece, though these gains are co...
Nov 14, 2019
Business
Prediction markets place bets on Trump impeachment as hearings start
With the impeachment inquiry into Donald Trump’s actions towards Ukraine kicking off this week, the possibility of the 45th US President being removed from office has inched a step closer. But what are the odds of Trump's impeachment actually happening? Last month, Decrypt peered into the Augur prediction market, upon which Trump's chances of being impeached were hotly contested. Bettors were seemingly ambivalent, with the odds remaining pretty even. Following Wednesday's opening impeachment hea...
Oct 24, 2019
Markets
Boris Johnson's Brexit odds calculated by prediction tool Augur
UK Prime Minister Boris Johnson has put his premiership on the line pledging to deliver Brexit—Britain’s departure from the EU—by October 31. Bettors on decentralized prediction market Augur have put around $10,000 on the line saying he won’t—with a mere five percent of them putting money on it happening. Augur’s prediction market, “Will The UK Leave The European Union Before November 1st 2019?” was created just over a month ago; so far, some $60,000 worth of ether has swapped hands on that mark...
Oct 15, 2019
Coins
The crypto world’s bet on Trump’s impeachment
They predicted Brett Kavanuagh’s ascension to the Supreme Court. They predicted the Democratic victory in the 2018 midterms. And now the bettors on decentralization prediction market “Augur” think that President Donald Trump … might—or might not—be impeached. That’s right: they’re split down the middle! It’s a dead heat right now. Augur is run by a collective of distributed “reporters,” who validate the outcomes of events in lieu of a centralized system. Bettors can gamble on anything without t...
Oct 11, 2019
Coins
Ethereum-based prediction market Augur sets out plans for 2020 revamp
Prediction market Augur has given a peek into its upcoming platform overhaul at Devcon 5, set to launch in Q1 2020. Teased by founder Joey Krug in an interview with Decrypt earlier this year, Augur v2 will launch with a new betting UI plus 0x and DAI integration. Revealing the news on stage at Devcon 5 in Osaka, Japan, Krug said that, “While Augur may be slow, expensive, and clunky today—that won't be the case much longer”. In the announcement, the Ethereum-based platform revealed that it would...
Aug 16, 2019
Coins
Augur, the oracle of web3, plans its rise from the ashes
Joey Krug, the co-founder and now intermittent advisor of utterly unregulated betting platform Augur, has some serious complaints about...Augur. “It’s too slow both on the Ethereum and UI side, [it’s too] expensive to use, and the currency is too volatile,” he said in an interview. Indeed, the app barely surpasses 30 users each day, from a high of 250 after Augur’s launch last year. Augur’s “REP” token too, conceived as a way to recompense market participants for running the network, has remain...