TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. ICANN rejects .org domain sales. Twitter might be shadowbanning crypto influencers. SEC Commissioner sees growing interest in crypto. Ripple reduced XRP sales during Q1 2020. DeFi company Compound includes Tether in its protocol, and Kraken adds 11 new trading pairs.
ICANN to Keep .Org Domains
The Internet Corporation for Assigned Names and Numbers (ICANN), in charge of administering the IP space and assigning domains, rejected a petition asking to transfer the .org public registry to a private entity called Ethos Capital for more than $1 billion. ICANN decided to reject the petition, considering this to be “reasonable, and the right thing to do.” ICANN also questioned motives for the purchase, declaring how Ethos failed to “provide the specific ownership interests of the investors in the transaction.”
Twitter Might be Shadowbanning Crypto Influencers
Twitter, the microblogging platform, is targeting cryptocurrency influencers and shadowbanning them to limit their reach, according to an article published by Forbes. Three important cryptocurrency influencers have expressed being severely limited in the reach of their latest tweets compared to their normal number of impressions. Mike Dudas, Founder of The Block, stated “crypto Twitter has been shadow-banned. I’ve noticed this on my account this week.” Other influencers also reported this happening.
SEC Commissioner Sees Growing Interest in Crypto
SEC Commissioner Hester Peirce, also known as Crypto Mom, stated she has seen a growth in institutional interest for cryptocurrencies amidst the coronavirus pandemic. Peirce declared she thinks this interest will continue growing with crypto slowly morphing into a way for diversifying institutional portfolios. “As people are more comfortable working in a virtual world in every industry now, I think people are likely to turn more interest to the crypto space,” she concluded.
Ripple Reduced Programmatic Sales During Q1 2020
Ripple, the company that offers XRP based solutions, reduced their programmatic XRP sales significantly. The information released in its Q1 2020 XRP Markets Report reveals XRP sales were reduced from $13.08 million in Q4 2019 to $1.75 million in Q1 2020. The company, famous for controlling most of the XRP in the market, was criticized heavily last year due to its recurring sales that, according to some critics, exerted negative pressure on the price of the asset. They even faced a fork proposal from a part of their community.
DeFi Company Compound Includes Tether
The proposal has been executed; Tether is now available to supply and borrow from the protocol.
— Compound (@compoundfinance) May 1, 2020
Compound, one of the most important DeFi protocols, approved the listing of Tether via their first community voting proposal. Most of the users voted in support of the proposal (797,981.28 votes for, and 85,580.73 votes against). All of the decentralized apps and exchanges using Compound as a market for lending or borrowing assets (Binance.US and Coinone included), will have the opportunity to offer services using Tether. This will bring more liquidity to the platform, previously limited to using other currencies.
Kraken Adds Trading 11 Pairs to Ease Stablecoin Transactions
Kraken, a very popular US-based exchange, announced the launch of 11 new trading pairs to ease the process of converting popular cryptocurrencies to stablecoins and fiat currencies. Five Tether-based pairs were added to the exchange (BCH/USDT, LTC/USDT, XRP/USDT, USDT/JPY, USDT/CHF) and other three-pound sterling-based ones were added too. Kraken stated this action was the “latest example of how we continue to strive to make Kraken easier and more convenient for active traders and newer clients alike.”
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