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…

Aave Will Build on Polygon’s Scalable Layer 2 Platform

Key Takeaways Aave, a decentralized lending and borrowing protocol, has announced it will build a new DeFi service on Polygon. As an Ethereum sidechain, Polygon will help to reduce the exorbitant gas fees that Aave currently pays. The team will soon build a smart contract bridge that will allow Aave users to port their assets to Polygon using Metamask. Share this article Decentralized lending platform Aave says that it will scale its DeFi platform beyond the Ethereum blockchain by putting its platform on a number of sidechains, including Polygon.  Aave…

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…

Bakkt Launches Its Bitcoin Payments App

Key Takeaways Bakkt is opening its payments app to the general public. The firm intends to unlock $1.2 trillion of digital assets, including Bitcoin and points from more than 75 brands. Bakkt is also giving away $1 million as a promotional offer. Share this article Bakkt has launched its official payments app, allowing users to buy, sell, and spend Bitcoin and other digital assets. Bakkt App Available to All Though Bakkt ran an Early Access Program last year, this is the first time that its app is available to general…

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 toward 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…

EulerBeats Enigma NFT Auction Raises $3.1 Million

Key Takeaways EulerBeats is an innovative NFT project that experiments with art, music and royalty distribution. Owners of the ultra scarce EulerBeats original prints receive an 8% cut whenever someone buys a print token of the piece. The auction for the project’s Enigma prints closed at 1,665 ETH across all 25 prints. Share this article Bidding on EulerBeats Enigma originals raised around $3.13 million on Wednesday. Generative Art Auction Raises 1,665 ETH The auction for EulerBeats Enigma original prints has raised 1,665.6 ETH, around $3.13 million at today’s prices.  Bidding…