Yearn Finance reveals ‘Coordinape’ decentralized grant distribution platform

Yield vault protocol Yearn Finance has revealed today the details of “Coordinape,” a new platform for distributing the $40,000-per-month Yearn DAO community grants budget — just one initiative in a wider effort to further decentralize Yearn’s governance.  Yearn founder Andre Cronje — who said in an interview with Cointelegraph that he no longer takes part in Yearn’s “day to day” development — revealed the program in a blog post this morning. Each Coordinape member will have a set quantity of “allocation points” which they can distribute to other members who…

Ren price rallies 40% after adding LUNA, SOL and FTM to its ecosystem

The cryptocurrency sector has emerged as a hot topic on the global stage in 2021 thanks in large part to the growth of decentralized finance and non-fungible tokens which have caught the general public’s attention.  Throughout the sector there is a need for interoperability between networks as many of the most popular projects are on siloed blockchain networks and high Ethereum fees prevent developers and investors from interacting across chains. One project focused on solving this project is Ren, which revealed on March 31 that Solana and Fantom had become…

BlackRock SEC filings show $360K gained from Bitcoin futures

A filing from the U.S. Securities and Exchange Commission shows BlackRock Financial Management’s Bitcoin futures contracts have appreciated significantly this year. According to BlackRock’s monthly portfolio investments report released by the SEC today, the firm held 37 Bitcoin futures contracts issued through the Chicago Mercantile Exchange which expired on March 26. The contracts appreciated by $360,457. The gains from the Bitcoin (BTC) futures represent roughly 0.00142% of BlackRock’s Global Allocation Fund, or 6.12 BTC at the time of publication. The company holds more than $8.6 trillion in total assets under…

Focus on NFTs and interoperability pushes Icon (ICX), Ark and Axie Infinity higher

High levels of excitement continue to surround all things NFT-related as nonfungible art, collectibles and new business models built on the nascent sector attract a diverse array of investors.  In addition to the development of lucrative secondary markets for NFT listings and sales, crypto projects that are focused on NFTs, DeFi and cross-chain interoperability have also seen their native tokens rally significantly. Three projects that fit in this category are Axie Infinity (AXS), Icon (ICX) and Ark (ARK). AXS/USDT Axie Infinity is a blockchain-based trading and battling game inspired by…

Trader Warns Of Bitcoin Reversal Pattern

Bitcoin price is back at local highs, but still struggling to set a new record beyond $61,800. The lack of a further push by bulls even with positive news out of PayPal, has caused one iconic trader to warn of the possibility of a topping pattern forming. The theory is based on a set of technical analysis tools the trader himself created. But what exactly is a “Three Pushes to a High” pattern and what might it suggest about the coming price action? John Bollinger, Bollinger Band Creator, Warns Of…

Indian crypto users suspect Flipkart’s Bitcoin announcement is an April Fools joke

Flipkart, India’s largest e-commerce company by sales, has said it will be accepting Bitcoin payments in what many suspect is an April Fools’ Day prank. In an announcement on Twitter today at 11:30 PM India Standard Time, Flipkart said it would be accepting Bitcoin (BTC) “as a convenient mode of payment” for its online marketplace. However, many users have refused to accept the e-commerce company’s seemingly pro-crypto stance given the timing — at the time of publication, it is already April Fools’ Day in India. The future is here. We…

Bitcoin miner Blockcap closes $75M investment led by Off The Chain, Foundry Digital

Blockcap, one of North America’s fastest-growing Bitcoin (BTC) mining companies, has secured sizable investments from some of crypto’s biggest names, setting the stage for significant expansion in the year ahead. Off The Chain Capital and Foundry Digital, a subsidiary of Digital Currency Group, contributed to the $75 million haul, Blockcap announced Wednesday. The funding will go towards scaling the company’s mining operations and promoting the continued growth of digital assets in the United States. Blockcap was founded in 2020 by a group of blockchain veterans. It now commands a fleet…

DeFi platforms Zapper and Aave announce Polygon sidechain integrations

As cripplingly high gas fees put scalability in the spotlight and multiple platforms rush to become the preferred home of Ethereum’s decentralized finance (DeFi) ecosystem, layer-two sidechain Polygon may be emerging as a frontrunner after scoring two big wins today.  Both lending protocol Aave and portfolio management and batched transaction platform Zapper have announced that they will be offering implementations on Polygon. Aave will be launching a trimmed-down a fork of its money market with 7 assets available for borrowing and lending at launch, and Zapper will enable Ethereum-to-Polygon transfers…

Teletubbies hint at becoming the next Bitcoiners

The Teletubbies, a British children’s television series that has been on the air since 1997, is showing signs its loveable characters may become the newest entrants to the crypto space. Today the official Teletubbies Twitter account posted a message with the Bitcoin (BTC) hashtag, saying the characters were “possibly hiding” something from viewers. Two of the characters — Tinky Winky, known for his purple color, and Po, for her red — appear with laser eyes next to a giant question mark. Eh-Oh…what could the Teletubbies be possibly hiding from us?…

This is how to make — and lose — a fortune with NFTs – Cointelegraph Magazine

The rise of nonfungible tokens, or NFTs, has been nothing short of astounding this year. Google searches for “NFT” are up over 600% since mid-February, hitting initial coin offering mania levels, and the top NFT platforms are turning over millions of dollars each day. In a single 24-hour period earlier in March, sport collectibles platform NBA Top Shot saw sales of more than $7.89 million, art house OpenSea took in $4.88 million, and “digital antique” NFT project CryptoPunks netted $3.28 million.The mainstream media is showing more interest in NFTs than…