Category: Blockchain


ETH bonanza as three North American Ethereum ETFs approved in one day


Canadian stock market investors will soon have a wide range of options to choose from when it comes to Ethereum ETFs.

While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as regulators have approved three different Ethereum ETFs in a single day. 

Purpose Investments, Evolve ETFs, and CI Global Asset Management were all approved by Canadian regulators to launch Ethereum-backed ETFs today. The ETFs will be the first ETH ETFs in North America, and among the first in the world. 

Some observers noted that all three being approved at once may have been part an effort not to give Purpose an “unfair advantage”. Purpose appeared to gain an edge after the launch of the wildly popular Purpose Investments ETF, the first North American Bitcoin ETF which quickly swelled to $1.3 billion in AUM while competitors waited for approval. Rival Evolve Fund Group’s Bitcoin ETF only managed to attract $100 million in AUM, despite launching only two days later than Purpose and offering 25% less management fees.

In a Tweet, a reporter for Bloomberg said that the CL Galaxy and the Purpose ETF funds will begin trading on 4/20 — a date he thought would please Elon Musk, given it’s marajuana culture connection. Likewise, Evolve’s ETH ETF — which they first filed for in March — will begin trading on the same day.

The Canadian stock market has already demonstrated a significant appetite for exposure to crypto assets. Previous exchange-traded Ethereum products led to market halts on the first day of listing, and Purpose’s Bitcoin ETF cracked $100 million in its first day of trading


Miami-Dade Officials Hope to Launch a Crypto Task Force, Residents Could Pay Taxes in Bitcoin Soon


Miami-Dade Officials Hope to Launch a Crypto Task Force, Residents Could Pay Taxes in Bitcoin SoonBack in mid-February, Bitcoin.com News reported on Miami’s Mayor Francis Suarez supporting the idea of the city holding bitcoin in the treasury and allowing tax payments in bitcoin as well. On April 15, 2021, reports show that the city may introduce the tax payments concept soon, as the District 8 county commissioner Danielle Cohen Higgins […]



Wallstreetbets Reinstates Ban on Cryptocurrency Discussions, Citing Bloomberg Coverage


Wallstreetbets Moderators Reinstate Ban on Cryptocurrencies Discussions, Citing Bloomberg CoverageThe moderators of the famous Reddit forum Wallstreetbets, known for putting Gamestop (GME) stock prices on the map as a worldwide trending topic, lifted a ban on all discussions related to bitcoin, ethereum, and dogecoin. However, the decision has been reversed after a recently published Bloomberg article. Bitcoin, Ethereum, Dogecoin Were Allowed to Discuss for […]



SafeEarth Donates $100,000 to TheOceanCleanUp Kicking Off Blockchain Eco Project


SafeEarth Donates $100,000 to TheOceanCleanUp Kicking Off Blockchain Eco ProjectPRESS RELEASE. Blockchain eco project SafeEarth has donated over $100,000 to TheOceanCleanUp charity with more donations planned for other global charities. 16th April, 2021, London, UK — SafeEarth, a blockchain eco project, has donated over $100,000 to community selected charity TheOceanCleanUp. The donated funds will help towards the removal of plastic waste from the planet. […]



Dogecoin Markets Soar as Token Nears a Half Dollar, DOGE Price Climbs 18,299% in 12 Months


Dogecoin Markets Soar as Token Nears a Half Dollar, DOGE Price Climbs 18,299% in 12 MonthsThe popular meme-based crypto-asset dogecoin has seen phenomenal gains during the last few days. On August 16, 2021, the digital currency featuring the likeness of the Shiba Inu dog tapped an all-time high at $0.44 per token. However, the cost to send a transaction in dogecoin has jumped to that price as well on Friday. […]





Federal Reserve Chairman Jerome Powell Says Cryptocurrencies Are ‘Vehicles for Speculation’


Federal Reserve Chairman Jerome Powell Calls Cryptocurrencies 'Vehicles for Speculation'The Federal Reserve chairman believes that cryptocurrencies are “really vehicles for speculation” and “No one is using them for payments.” He then compared crypto to gold. His comments about cryptocurrency followed Coinbase’s direct listing on Nasdaq. Fed Chair Powell Thinks Crypto Is for Speculation Federal Reserve Chairman Jerome Powell talked about cryptocurrency in an interview […]





Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges


The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can be provided for this purpose. […]




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


The seasons are turning and the markets are shifting — could it be a strong summer for decentralized finance?

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 similar assets — for instance, swapping between different stablecoins such as Dai, USD Coin (USDC) and Tether (USDT) — and users who deposit liquidity into Curve’s pools get trading fees as well as CRV governance token emissions as a reward.

As a result, the protocol is the seventh-largest by total value locked per DeFiLlama, with $6.49 billion in assets, and functions as the primary yield-bearing protocol leveraged by yield vaults like Yearn.finance.

Reading the stars, testing the soil

If the price of CRV can be used as an indication of how many common farming strategies will perform in the coming months, then the summer is looking to be bright green. 

CRV is up 4.6% on the day to $3.94 at the time of publication — part of a month-long rally carrying it 51.1% higher, per CoinGecko.

Part of the rally is fueled by CRV’s tokenomics. CRV holders have the option to lock their tokens for a four-year period in exchange for veCRV, which grants them access to additional protocol fees and boosted yields. Likewise, as the rest of DeFi rallies, as a top protocol, CRV prices should drift upward as well.

However, veCRV holders have also been the recipients of a number of lucrative airdrops as of late. Ellipsis, an “authorized fork” of Curve on Binance Smart Chain (copying the protocol down to the frontend, which is reminiscent of Windows 98), airdropped an initial round of EPS tokens to veCRV holders. Likewise, Convex Finance, a forthcoming platform aiming to “simplify staking on Curve,” has also announced an airdrop to veCRV holders, though the details of the drop have not yet been released.

Airdrops can often be a tricky affair. Protocols want to attract governance token holders who will be loyal to the project and provide informed votes. While in many cases that means distributing to wallets that formerly and frequently interacted with a protocol, with upstart projects building on the backs of others, distribution parameters can instead be intended to attract an especially knowledgeable community — and veCRV holders fit the bill.

In the end, it has the potential to create a virtuous cycle for all of DeFi: Speculators buy CRV to convert to veCRV in the hopes of receiving an airdrop; CRV’s price rises; DeFi’s yields grow fatter.

Bountiful good news

As the fate of CRV and the strategies that depend on it for yield play out, a host of other metrics are pointing to a strong summer for DeFi. 

DeFi’s TVL figure currently sits at $123.29 billion, having climbed another $20 billion after eclipsing the $100-billion mark just last week. Even as the wider market pulls back after an exceptionally strong Thursday, multiple DeFi projects remain green on the daily and weekly, such as Curve and Compound, and OG projects like Maker are on a tear, with the MKR token eclipsing $4,000 for the first time yesterday.

The surge has multiple observers praying for a “DeFi Summer 2.0.” While throughout the winter and spring, a handful of DeFi Gen 2 tokens managed to overperform, and the sector looks to be the recipient of a strong rotation into older, established projects. Last summer, the space took off in a major way — but was also marred by a spate of hacks and exploits.

Ultimately, however, the greatest sign in the stars for DeFi (as well as the larger market) is the performance of a joke: Dogecoin (DOGE). 

The meme currency is hungry for blood, eclipsing five-digit gains on the year at 12,600%. Traditionally, when the Shiba Inu runs, other altcoins follow — another bellwether pointing toward a bumper DeFi harvest.



Crypto Markets Lose Hot Air, DOGE and BCH Skyrocket, 46% Chance ETH Hits $2,600 by May


Crypto Markets Lose Hot Air, DOGE and BCH Skyrocket, 46% Chance ETH Hits $2,600 by MayDigital currency markets have seen some slight losses on Friday morning, as a great number of cryptocurrencies saw significant gains the day prior. Bitcoin dropped to a low of $60,042 during the early morning trading sessions shedding 3% during the last 24 hours. Crypto Markets Shed Some Value After Heating Up the Day Prior Bitcoin […]




Expert Believes Nuclear-Powered Crypto Mining Could Help Ukraine to Solve Energy Spending Problems


Expert Believes Nuclear-Powered Crypto Mining Could Help Ukraine to Solve Energy Spending ProblemsBitcoin mining could be a proper asset to solve one of the significant issues in the Ukrainian energy sector: spending. A financial expert praised the recent push given by Ukraine’s government to nuclear-powered crypto mining across the nation. Crypto Mining Can ‘Smooth out’ Fluctuations in Consumption, Says Expert During an interview with Inshe, Alexei Mushak, […]


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