Blockchain Bites: BTC on Ethereum, DeFi’s Latest Stablecoin, the Currency Cold Wars

DeFi Pulse fixed a bug that led to a substantial misreporting of total value in decentralized finance protocols, former acting White House chief of staff Mick Mulvaney joined the Chamber of Digital Commerce and there’s a new stablecoin that functions like a savings account.

Top shelf

Fresh capital
Crypto projects are raising funds as the industry continues to build out decentralized protocols. Ethereum data firm Dune Analytics, a Github-like platform which provides DeFi insights, has raised $2 million led by Dragonfly Capital and included Multicoin Capital, Coinbase Ventures, DCG and DeFi angels. Meanwhile, Skynet Labs, a startup formerly known as Nebulous, has raised a $3 million funding round led by Paradigm. Using the token-fueled Sia network, Skynet allows for decentralized and permissionless hosting. Recently, community members spun up a Skynet app store following rumors that TikTok might get delisted from popular app stores.

Crypto lobby
It’s been a busy season for crypto lobbyist groups, even amid the coronavirus pandemic. Yesterday, the Blockchain Association announced members from 0x, the Stellar Development Foundation and Kraken will join its board. The new members bring regulatory and DeFi experience to the Washington, D.C.-based association. Elsewhere, former acting White House chief of staff Mick Mulvaney has joined the Chamber of Digital Commerce, also based in the U.S. capitol. “His experience as a legislator is very very valuable because he can help us navigate Congress,” CDC’s founder Perianne Boring said. The blockchain advocacy group also added Visa, Goldman Sachs and Six Digital Exchange (SDX) have joined the group as executive committee members.

DeFi fund
The cryptocurrency money manager Panxora is raising up to $50 million for a new DeFi-centered hedge fund, CoinDesk reporter Bradley Keoun reports. Based in the Cayman Islands, the fund will primarily buy tokens listed on centralized cryptocurrency exchanges rather than from…

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