Yearn.finance team proposes $225 million YFI token mint

Community members and contributors are moving forward with a plan to build a treasury and better incentivize developers. After a week of at times rancorous debate, an 11-author team of Yearn.finance core contributors and community members have submitted today a proposal to increase the supply of YFI by 6666 tokens — a quantity worth roughly $225 million at today’s prices. The proposal is the culmination of a wider discussion about developer incentives for decentralized finance’s (DeFi) original yield vault project. While the Twitter discourse revolved around memes and namecalling, on…

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Bitcoiners Run Hardware

The internet, which is the network we currently use for our Bitcoin needs, was supposed to be decentralized, verifiable and private. But after decades of choosing comfort, ease and speed, the internet today is actually quite centralized, with millions of websites and services’ information stored in a few data centers, all of them served by a very limited number of regulated, or even state-owned providers.  All users’ data travels through a reduced number of cables and cell towers and all of it is being identified, analyzed and allowed to go…

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Price analysis 1/20: BTC, ETH, DOT, XRP, ADA, LTC, BCH, LINK, XLM, BNB

Bitcoin price continues to drop, pushing select altcoins closer to their critical support levels. When an asset is in an overbought condition and traders are sitting on large profits, even minor negative news and events could trigger profit-booking. This seems to have happened following Janet Yellen’s adverse comments on cryptocurrencies during a virtual hearing with the U.S. Senate Finance Committee. In the same meeting, Yellen also told Congress to “act big” in order to support the U.S. economy. Another round of stimulus would probably further weaken the U.S. dollar and drive…

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BlackRock’s new SEC filings list Bitcoin derivatives as possible investment

The multi-trillion-dollar asset manager mentions “Bitcoin” 25 times in its submissions with the SEC. BlackRock, the world’s largest asset manager, could be preparing its entry into the Bitcoin (BTC) derivatives market, according to a pair of filings with the United States Securities and Exchange Commission, or SEC.  The two prospectus filings — BlackRock Funds V and BlackRock Global Allcoation Fund, Inc. — appeared on the SEC website on Wednesday. Both filings mention the possibility of using Bitcoin derivatives and other assets as part of its investment scheme. However, neither filing…

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Bitcoin Following Another Government Letdown

​Listen To This Episode: Apple Spotify Google Libsyn Overcast Do not forget to subscribe to the new Fed Watch: Bitcoin And Macro feed. It will be separate from Bitcoin Magazine. Exclusively on the new feed, you’ll find our next interview with the great Max Kaiser. Search for “Fed Watch – Bitcoin and Macro” on your podcast app. In this episode of Bitcoin Magazine’s “Fed Watch,” Christian Keroles and Ansel Lindner discuss the broad macroeconomic atmosphere in which bitcoin finds itself. They touched on bitcoin mining, price, the dollar, commodities and…

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Grayscale CEO outlines 6 themes that will shape crypto market in 2021

Widespread institutional adoption, favorable regulation, and the growth of North American crypto mining are just some of the themes Michael Sonnenshein believes will materialize in 2021. Michael Sonnenshein, the newly appointed CEO of Grayscale Investments, believes 2021 will mark another pivotal year for digital-asset investing as institutional capital and nation-state adoption drive the next leg of the bull market. In a keynote address at this year’s virtual CFC St. Moritz Conference, Sonnenshein identified three key investment themes that underpinned Bitcoin’s (BTC) dramatic breakout in 2020. They were: macroeconomic uncertainty and…

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A Hitchhiker’s Guide To Bitcoin Mining In North America

Like a hitchhiker taking to the American highways for the first time, anyone hoping to get a clear picture of the universe of bitcoin mining today might be perplexed at the seeming opaqueness, yet sheer size of the North American mining ecosystem. As a miner recently advised new entrants into the space on Twitter: New players in mining: the industry is massive, disorganized, fragmented, and built by people no smarter than you. There’s plenty of room to shake things up. — Leo (@Leorzhang) January 17, 2021 Distinct from China, which…

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Antitrust watchdogs around the world are going back to school to study blockchain and AI

Gearing up for new battles against data-driven monopolies, antitrust enforcers may well look to blockchain as a way of getting honest data from companies they don’t trust. Competition authorities are hitting the books when it comes to emerging technologies like blockchain and AI.  On Tuesday, the Department of Justice announced that it would be participating in a new initiative at Stanford University to onboard more advanced technological tools into its fight against monopolies. The DoJ is merely the most vocal addition to Standord’s Computational Antitrust project. It joins the competition…

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Multiple DeFi projects unveil, plan new user interface upgrades

DeFi’s getting a makeover as multiple platforms unveil new front ends, but will the efforts attract users? Many of the most popular decentralized finance protocols are getting a front-end makeover, but will the new looks and sleeker interfaces bring widespread adoption?  Critics have long held that the barrier to entry for DeFi is significant, both for the amount of knowledge required to participate as well as for oftentimes clunky interfaces. However, a spate of projects including Sushiswap, Curve, Yearn.finance, BadgerDAO and Synthetix have recently rolled out or are planning new…

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All-time high social activity accompanies 100% rally in Cardano price

Cardano price has doubled since the start of 2021, and the move coincides with a new all-time high in Cardano-related Twitter mentions. Social media mentions about Cardano have been growing since the beginning of the year, and during this time, the price of its ADA token has more than doubled, in the process surpassing Bitcoin Cash (BCH) to become the sixth-largest cryptocurrency by market capitalization.  A deeper dive into data from Twitter data failed to identify a specific driver of ADA’s bullish price action, but data from The Tie did…

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