dHedge is working to decentralize and render permissionless traditional asset management services. It takes the idea of robo advisors, adds a community, and lets anyone in the world become the robo. Plus, you never hand over your funds. 

The objective falls in near-perfect alignment with the rest of Defi: Oust the middle man and let everyone participate. 

Distributed ledger startup Ripple is allegedly working on expanding the utility of its native token, XRP, with the company’s CEO, Brad Garlinghouse, going as far as comparing the firm with e-commerce titans, Amazon.

Meanwhile, investors seem to be growing optimistic as the cross-border remittances tokens sit at a pivotal point on its trend.

Ripple is working tirelessly to improve its image within and without the cryptocurrency community.

yEarn Finance joins Aave, Maker, Curve, and Compound as DeFi protocols with $1 billion of assets locked in their smart contracts. The protocol’s token, YFI, has been on a tear lately, doubling its market cap from two weeks ago.

Ethereum 2.0’s testnet is back online following a multi-day outage, according to current network statistics.

Medalla is saved!

INFO blockchain: Synced new block block=0x68a46008… epoch=3428 finalizedEpoch=3424 finalizedRoot=0xf0e6b2fe… slot=109700

— prestonvanloon.eth (@preston_vanloon) August 19, 2020

OMG Network puts its Layer-2 scaling solution to work after a new partnership with Tether. Speculators saw this as a reason to go all-in, causing prices to soar.

OMG Network, previously known as OmiseGo, made headlines following dramatic price action this past week. Over the last 7-days, OMG prices more than tripled, hitting a new yearly high of just under $6.

The controversial stablecoin issuer, Tether, is set to move 1 billion USDT tokens from the TRON network to the Ethereum network, representing eight percent of the total supply of USDT on the market.

The amount of Tether tokens on the Ethereum blockchain will increase from 7.5 to 8.5 billion, while the supply on the TRON network will drop to 3.3 billion.  

Ampleforth has announced the launch of a suite of financial tools to improve the utility of AMPL, its native asset, and other elastic tokens. If the concept of countercyclical money succeeds, Ampleforth’s “E-Fi” layer can become the base for an entirely new ecosystem.

Ripple CEO Brad Garlinghouse’s Wikipedia profile was edited this month to remove a list of controversies, beginning a short edit war that raises conflicts of interest for both sides.

Beginning on Jul. 31, editors began to remove information from Garlinghouse’s Wikipedia page.

BlockFi announced that it has raised another $50 million led by Morgan Creek Digital ahead of the launch of a Bitcoin rewards-based credit card.

Morgan Creek Digital led BlockFi’s Series C funding round. Other participating investors include Valar Ventures – the lead investor in BlockFi’s Series A and B.

The decentralized margin exchange dYdX is working closely with StarkWare, a blockchain tech company that develops zero-knowledge products.

If successful, the results will provide traders with an efficient layer 2 that could significantly reduce trading fees and increase leverage possibilities. With the new solution, trades would be instant, comparable to centralized counterparts like Binance and Coinbase.