Decentraland announces layer-two MANA token transfers, plans for full migration

Just a day after two decentralized finance powerhouses announced layer-two integrations via the Polygon sidechain, a major nonfungible token and gaming title has today followed suit. In a blog post this morning, NFT-powered virtual world and video game Decentraland announced a token bridge enabling users to move native MANA tokens to Polygon and back. At the time of publication, MANA is the 80th ranked token by marketcap and has risen 3750% on the year to $1.01, per Coingecko. This is just the first step in what will be a significantly…

Digital asset manager behind Canada’s first BTC fund hopes to launch Bitcoin ETF

Investment fund manager 3iQ has partnered with Coinshares to launch a Bitcoin exchange-traded fund in Canada.  According to an announcement from 3iQ, the firm has filed a final prospectus for a Bitcoin (BTC) exchange-traded fund, or ETF, with the securities regulatory authorities in each of the 10 provinces and 3 territories of Canada. Pending regulatory approval, trading for the ETF is expected to begin in early April on the Toronto Stock Exchange. CoinShares CEO Jean-Marie Mognetti said the joint effort was aimed at “making digital assets more accessible to investors of…

Filecoin market cap hits $450B after FIL price rallies above $230

The fully diluted valuation of Filecoin (FIL), a digital payment and cryptocurrency system built on top of the InterPlanetary File System (IPFS), has reached $450 billion. Filecoin is a blockchain that enables users to rent unused hard drive space to store and retrieve data. Its model is similar to Snowflake, which completed the biggest software IPO in history in September 2020. If you’re excited about Snowflake, just wait until you learn about Filecoin — Barry Silbert (@BarrySilbert) September 16, 2020 A combination of three factors likely led the price of…

Altcoins move to new all-time highs while Bitcoin struggles below $60K

According to data from, Bitcoin’s (BTC) Q1 2021 performance was the best since 2013. With strong tailwinds, Bitcoin now enters Q2 which historically has been a good period for BTC price. Data shows that BTC has only closed Q2 in the red twice and both times the decline was less than 10%. If history repeats itself, Bitcoin investors may witness sharp gains in the next six months.  Crypto market data daily view. Source: Coin360 Altcoins have also participated in the current bull run and this has propelled the total crypto market…

Coinbase Ventures backing DeFi in the Polkadot ecosystem

Coinbase Ventures, the investment arm of the San Francisco-based digital currency exchange, has thrown its weight behind a layer-one blockchain designed to bring full-service DeFi to the Polkadot ecosystem. The investments are focused on Acala, the Ethereum Virtual Machine-compatible blockchain that is building a host of DeFi capabilities on Polkadot, as well as Karura, which is building a DeFi ecosystem on Kusama. Acala has already built four core products for the Polkadot ecosystem: Liquid DOT staking, a stablecoin, an automated market maker decentralized exchange and a sovereign wealth fund. The…

Coinbase expects direct listing on April 14

U.S.-based crypto exchange Coinbase says it anticipates going public with a direct stock listing in two weeks. According to a Coinbase blog today, the U.S. Securities and Exchange Commission, or SEC, has declared the crypto exchange’s S-1 registration for a public offering effective. Coinbase’s Class A common stock is expected to trade on the Nasdaq Global Select Market under the ticker symbol “COIN” on April 14.  The crypto exchange had previously been expected to go public in March, but reportedly delayed its plans after paying a $6.5 million fee as…

Bitcoin Closes Best Quarter In History, But A Bearish Signal Lingers

Bitcoin price closed the historically red month of March not only in the green, but with the largest dollar for dollar gain on in the cryptocurrency’s short history. Unfortunately, despite how strong the ongoing bull trend has been during the first quarter of the year so far, the quarterly candle which ended alongside March, also closed with a massively bearish signal. Bitcoin Closes Quarterly With Record Gain, But Bearish Signal Couldn’t Be Avoided Due the fact that both of Bitcoin’s largest bull markets topped as the fourth quarter of each…

Ethernity Chain to collaborate with Kenetic to further NFT ecosystem

Community-oriented non-fungible token platform Ethernity Chain is partnering with Hong Kong-based crypto investment firm Kenetic Capital to expand its ecosystem. According to an announcement today, Kenetic will support the Etherenity Chain network by expanding the development and adoption of blockchain platforms through technology, investments, and advisory services. Etherenity Chain’s non-fungible token, or NFT, platforms provide a number of exclusive tokenized artwork from prominent sports figures including skateboarder Tony Hawk and basketball legend Shaquille O’Neal. “Ethernity is leading the way for next-generation NFT platforms by providing fans access to some of…

Coinbase Ventures Backs Acala on Polkadot

Share this article Coinbase Ventures is funding Acala, a DeFi hub for the Polkadot network, according to a blog post from the company. Coinbase Will Support Acala “This week, the investment arm of Coinbase has announced their support for Acala, the all-in-one DeFi hub of Polkadot,” Coinbase wrote in its blog post. “This investment also supports Karura, the DeFi hub of Kusama being built by the Acala team.” Coinbase did not say how much it will invest in each project, or how those funds will be used. However, it did…

Apes pile into ‘joke’ hat voucher Unisock clone

What started as a joke to celebrate April Fools Day has become yet another sign of a frothy, overeager market as a bonding contract designed to sell baseball cap vouchers sold 468 hats in just a few hours, raising over $100,000 and bumping the price per hat to $3700. Solana-based decentralized finance, or DeFi, platform Mango Markets announced the sale on Twitter this morning with the caption “ICO ALERT!”, a twist on the Initial Coin Offerings of yore. According to a blog post, Mango’s Initial Cap Offering is all about…