Day: April 16, 2021

Is DeFi yield appetite rising again? Enso raises $5M as YFI hits new highs

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The appetite for DeFi is rising again as blue chips are rallying and yield-earning strategy-sharing platforms, like Enso, are on the rise. Enso, a platform where users can share yield-earning strategies, raised $5 million on April 13 from top U.S. venture capital firms including Polychain Capital and Multicoin Capital. Synthetix (SNX) founder Kain Warwick, Aave founder Stani Kulechov, Dfinity COO Artia Moghbel, and other prominent angels took part in the round. The high-profile fundraising round comes as Yearn.finance (YFI) achieved a new all-time high above $50,000. Why is the demand for…

ECB endangers itself by waiting around on digital euro, says ConsenSys exec

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The European Central Bank will put itself in jeopardy if it waits around a digital euro too long, according to an executive at major cryptocurrency firm ConsenSys. ConsenSys South Africa lead Monica Singer joined in at the European Blockchain Convention to discuss the role of the private sector in shaping global central bank digital currencies, or CBDC. She spoke of CBDC-powered benefits and opportunities in a Monday panel with BNP Paribas CIB digital transformation leader Dean Demellweek and Philipp Sandner, a professor at the Frankfurt School Blockchain Center. Singer — who…

Record $600M BNB burn suggests Binance made $750M in profit in Q1

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Binance Coin (BNB) saw its 15th burn to date on April 16. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around 20% of the exchange’s profits. But in the last burn, Binance burned much more than 20%, and the exact percentage of the burn remains uncertain. Imagine burning half a billion dollars, wait, don’t imagine. It’s real. #BNB https://t.co/rMFbiufFSG — CZ Binance (@cz_binance) April 16, 2021 BNB fundamentals keep improving Sam Bankman-Fried, the CEO of FTX, one of the top cryptocurrency…

Dogecoin Overtakes Tether in Market Cap After Making New All-Time High

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Key Takeaways Dogecoin has posted year-to-date returns of nearly 7,000%. The meme coin continues surging while the rest of the market takes the backseat. If buying pressure continues mounting, DOGE could rise to $0.36 or even $0.52. Share this article Dogecoin continues its staggering advance thanks to a new wave of interest. Even after nearly 200% in gains, DOGE may just be getting started. Dogecoin Leads the Charts Dogecoin has stolen the crypto spotlight after skyrocketing by a more than 180% in the last 24 hours. While the rest of…

Bitcoin hash rate hits record 200 EH/s in fresh BTC price bull flag

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Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future. According to data from on-chain monitoring resource Glassnode on Friday, Bitcoin’s network hash rate has passed total exahashes per second for the first time in its history. Hash rate underscores miner commitment Coming as a spike in a long-term uptrend, crossing the significant boundary means that the hash rate has doubled in under nine months.  Bitcoin average hash rate chart. Source: Glassnode An estimate…

Rothschild Investment Adds Ethereum, Surpassing Bitcoin Holdings

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Share this article According to a recent filing with the SEC, the Chicago-based Rothschild Investment has made a substantial investment in Ethereum. Rothschild Investment Doubles Down on Ethereum The firm purchased 265,302 shares of the Grayscale Ethereum Trust (ETHE), an investment vehicle that offers exposure to Ethereum. In its investment holdings report (Form 13- FHR), the firm revealed its shares in the ETH Trust were valued at $4.75 million on Mar. 31. Interestingly, this investment exceeds Rothschild Investment’s exposure to Bitcoin. The firm also disclosed its holdings of 38,346 shares…

As DeFi tokens surge, CRV indicates a bumper crop for ‘DeFi Summer 2.0’

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Fire up your tractors: The farmer’s almanac of decentralized finance is indicating that DeFi Summer 2.0 could feature some healthy yields across the ecosystem.  Multiple common metrics used to gauge the health of the DeFi space are pointing toward a looming bull market, but perhaps most promising of all might be the surge in Curve’s CRV governance token price. Often referred to as one of the “backbone” protocols of DeFi, Curve is an essential tool for many retail and protocol-level yield farming strategies. Curve allows for low-cost, low-slippage swaps of…

Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development

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If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and other large corporations are expressing excitement for crypto payments and salaries paid in Bitcoin, executives from Visa, JPMorgan and ING all agree that Bitcoin is still an investment vehicle rather than a currency.  This notion was revealed during a panel discussion entitled “Buying with Bitcoin,” which took place during Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate” online event. Michael…

Robinhood Suffers Outage as Dogecoin Surges, Regulators Seek Ban

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Key Takeaways Robinhood briefly halted its crypto trading services last night, during a period in which Dogecoin soared. Complaints have poured in on Robinhood’s Twitter feed. The popular trading app has had a turbulent week after regulators made moves to ban the app from operating in Massachusetts. Share this article Another crash and a possible Massachusetts ban spell more bad news for Robinhood.  Robinhood Suffers Outage The Robinhood team announced the issue on Twitter last night. “We’re currently experiencing issues with crypto trading,” a brief note read.  It then followed…

Pendle Finance Raises $3.5 Million to Launch Tokenized Yield Market

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