Monthly Archives: June 2021

Possible Yearn rival Convex Finance passes $1 billion in total value locked

Both Yearn and Convex rely heavily on Curve, but that doesn’t necessarily mean the two are in competition. While much of the market reels from a devastating pullback that has dragged DeFi’s closely-watched total value locked (TVL) figure down from all time highs, one protocol is shrugging off the macro weight and surging up the TVL leaderboard.  Ethereum-based Convex Finance ($CVX) cracked a billion dollars in TVL earlier today, rising as high as $1.14 billion and briefly cracking the top-20 by size, per DeFilama. 2 weeks, 3 […]

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Coinbase Pro Dogecoin Deposits Now Open — Trading Begins on June 3

The notorious dogecoin will be open for trading on Thursday, June 3, on the popular trading platform Coinbase Pro. In mid-May, Coinbase CEO Brian Armstrong revealed the meme-inspired crypto asset would be listed in six to eight weeks. It only took 18 days to get dogecoin added to Coinbase Pro but the coin is not yet added to the consumer application Coinbase.com. Coinbase Pro Opens the Dogecoin Gates Crypto traders can start depositing dogecoin (DOGE) to their Coinbase Pro accounts today, according to a blog post published […]

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The Institutional Landscape For Bitcoin With Cathie Wood And Anthony Scaramucci

In this Bitcoin Magazine Podcast episode, Cathie Wood and Anthony Scaramucci discuss the current macroeconomic backdrop of Bitcoin. This podcast episode was inspired by the Bitcoin 2021 conference in Miami on June 4 and 5. Make sure to set reminders for the Bitcoin 2021 day one YouTube live stream as well as the day two live stream now. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast Panel: Cathie Wood (Founder and CEO of Ark Invest) Anthony Scaramucci (Founder of SkyBridge Capital) […]

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Polkadot ETP hits Swedish stock market

The mainstream market now has a new way of buying and selling the crypto asset Polkadot — via an exchange-traded product. The mainstream financial world has taken notable strides to incorporate various crypto assets. A new exchange-traded product (ETP) for Polkadot (DOT) recently surfaced on a mainstream exchange in Sweden.  The Nordic Growth Market now hosts buying and selling for the DOT ETP, officially labeled as the “VALOUR POLKADOT (DOT) SEK,” according to a public statement provided to Cointelegraph. The ETP is a product of Valour, a […]

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Sweet Integrates Polygon / Matic Into Its Broad-Scale, Consumer-First NFT Platform

New York, New York – June 1, 2021 – Sweet, the first NFT solutions provider to develop a platform that can mint and distribute NFTs at scale while maintaining a strong eco-friendly and consumer first approach, has just announced it has completed integration of the Polygon blockchain (previously- the Matic Network) into its NFT solution. Sweet is pioneering a new way for brands to distribute NFTs through engaging consumer experiences via a multi chain, or chain agnostic, approach. With the addition of Polygon, Sweet is now leveraging […]

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Cycling On-Chain #1: Unwinding Leverage

A reflection on the first large correction of and outlook for the remainder of 2021. Dilution-proof, June 1, 2021 Cycling On-Chain is a monthly series that uses on-chain and price-related data to estimate where we are in bitcoin’s market cycle. It originally started as a monthly Twitter thread that was later adopted by Bitcoin Magazine. In this first edition of Cycling On-Chain, we’ll look back at the first leg up in the 2020–2021 bull run and the circumstances that turned out to be fertile soil for a […]

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Much hype: Memecoin DOGE set for listing on Coinbase Pro

DOGE trading will be rolled out in three phases, the exchange said. Traders will be able to access the coin via BTC, ETH, USD, EUR and USDT. Coinbase Pro, the professional trading arm of the Coinbase cryptocurrency exchange, has begun accepting inbound transfers for Dogecoin (DOGE), setting the stage for wider adoption of the meme-based digital asset.  Trading of DOGE will go live on Coinbase Pro Thursday at 9:00 a.m. Pacific Time, provided that liquidity conditions are met, the exchange announced Tuesday afternoon. Starting today, inbound transfers […]

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‘Sidequests,’ sponsorships, and e-sports as DeFi protocols ponder user acquisition

DeFi projects are starting to get creative with their outreach and marketing strategies. One of the most intractable problems in DeFi may be facing a ecosystem-wide effort as a growing number of protocols are beginning to get creative with their advertising and outreach efforts.  Automated market maker Uniswap announced today a collaboration with esports group Team Secret. Funded by the Uniswap Grants Program, Uniswap will become an official sponsor of the team in exchange for $112,500. In an announcement blog post, Team Secret said that they will […]

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Bitcoin Stock-to-Flow Model Still Intact — ‘Starting to look like 2013’ S2F Creator Says

The creator of the popular bitcoin price model called stock-to-flow (S2F or S2FX) has added a new dot to his notorious chart. Plan B said on Tuesday that “we knew bitcoin would not go up in a straight line” and added that the market action is “starting to look like 2013.” S2FX ‘Intact’ Says Plan B “Plan B,” is a pseudonym leveraged by the Twitter account @100trillionusd and since March 22, 2019, he’s been documenting his popular stock-to-flow (S2F) price model. Similar to the tools and technical […]

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Electric Vehicle Capable Of Mining Bitcoin Announced

Daymak is accepting pre-orders for the car, which will be capable of mining bitcoin utilizing solar technology. The Daymak Spiritus will be the first automobile capable of mining bitcoin, according to a news release by the automaker. The patent pending technology would be the first of its kind, marking a major milestone in the innovation surrounding the bitcoin mining industry. “Every Spiritus vehicle will be a node on the Blockchain, and will include Daymak Nebula Miner and Nebula Wallet,” states the release. The combination of technological advancement […]

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