Kategorie: Crypto Markets

After an extended series of losses that threatened to expel Yearn Finance’s native token YFI from the top 100 biggest coins by market cap, it has finally started to regain value.

If you want to know what Yearn Finance is, if it’s worth buying, and the best places to buy its token YFI now, you’ve come to the right place.

Top places to buy YFI now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy YFI with eToro today Disclaimer

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy YFI with CAPEX today Disclaimer

What is YFI?

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

After its launch in February 2020, it saw huge growth as new products debuted and developers released in-house token YFI.

Yearn.finance makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.

Should I buy YFI today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.

YFI price prediction

Long Forecast anticipates a bull run until 2024, when the coin will trade between $25,867 and $22,299.

Coin Price Forecast predicts YFI will trade for $28,666 at the end of this year, around $8,000 more than it’s worth now.

In the first half of next year, the Yearn Finance price will reach $29,416, then drop down to just below $26,000 in the second half.

YFI on social media

Top Daily #PriceMovers:

📈UP:@wavesplatform(#WAVES): +14.1%@zcashco(#ZEC): +12.5%#YFI: +12.4%#AR: +8.7%@Theta_Network(#THETA): +5.9%@ankrnetwork(#ANKR): +5.4%

📉DOWN:#ANC: -10.7%#RUNE: -6.7%#ROSE: -5.3%@FantomFDN(#FTM): -5.2%#AXS: -4.4%#SCN1 #SmartLiquidity pic.twitter.com/xJ50gJjcI5

— ⚡️Smart Crypto News ⚡️ (@SmartCryptoNew1) March 8, 2022

The post Yearn Finance is rapidly reversing losses: best places to buy YFI now appeared first on Coin Journal.

Dynamically growing international crypto exchange Currency.com announced it has donated a total of $1million to support Ukrainians during the humanitarian crisis in their country, the exchange posted on its website. Currency.com has transferred the funds immediately.

Funds distributed to 4 charities

The funds will be distributed to ASAP Rescue, The Red Cross Society of Ukraine, Global Giving, and the Humanitarian Relief Fund under the Ministry of Social Policy.

Steve Gregory, US Chief Executive Officer of Currency.com commented:

Our hearts go out to the citizens of Ukraine who are engulfed by this war. Many have had to flee their homes amid freezing temperatures, power cuts and food shortages. Every day is a struggle to survive. We want to help where we can.

Exchange contributes half a million to emergency relief

Currency.com is contributing $500,000 to support the Red Cross Society of Ukraine and the country’s health ministry’s joint emergency relief efforts. The money will be used to buy basic amenities and provide medical aid to displaced Ukrainians.

$300K to be spent on food and shelter, $200K on evacuation

The rest of the funds will be distributed as follows: Currency.com will donate $300,000 to the Ministry of Social Policy and Global Giving to help people get access to food, shelter and medical care.

The last portion of $200,000 will be donated to ASAP Rescue, a Ukrainian volunteer organisation that helps evacuate residents during times of social turmoil or when natural disasters strike.

Gregory added:

Like everyone in the world, we are extremely concerned about the shocking events taking place in Ukraine. As a global company with an international team, we feel it is our duty to help those impacted by this war. We will continue to monitor events closely and stand ready to provide additional support to the people of Ukraine.

 

The post Currency.com donates $1M to Ukraine appeared first on Coin Journal.

The live Waves price today is $22.53 with a 24-hour trading volume of $1.7 billion. Waves is up 10.55% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy Waves, this guide is for you.

Top places to buy Waves now

As WAVES is such a new asset, it’s yet to be listed on major exchanges. You can still purchase WAVES using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy WAVES right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for WAVES

Now that you’re connected, you’ll be able to swap for 100s of coins including WAVES.

What is Waves?

Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts.

Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness.

The platform has undergone various changes and added new spin-off features to build on its original design.

Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards. The ecosystem was created by Ukrainian-born scientist Alexander Ivanov, whose nationality is one of the main reasons for the token’s extended rally.

Should I buy Waves today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

Waves price prediction

Wallet Investor is bullish on Waves. They expect a long-term increase. In March 2027, 1 WAVES will trade for $77. A 5-year investment will generate revenue of around +242%. If you invest $100 in WAVES now, you might have $342 in 2027.

Waves on social media

Just a matter of time. #Bitcoin #defi #waves #vires #dolar #RussianUkrainianWar pic.twitter.com/dlANVR76et

— Aztec Gold Hero🌊 (1 ➝ 2) (@AztecGoldHero) March 8, 2022

The post Waves continues to rally, up 10% in 24 h: here’s where to buy Waves appeared first on Coin Journal.

Hive Blockchain, a publicly traded crypto mining company, has signed a deal to buy ASIC chips from semiconductor manufacturer Intel. They will be used in their new custom mining devices, CoinTelegraph wrote.

In the case of Bitcoin mining, ASIC (application-specific integrated circuit) chips are designed to solve complex mathematical problems to create new blocks on the chain.

Hive has arranged for a third-party manufacturer to make the new devices. The custom design manufacturer will integrate the Intel chips into new air-cooled Bitcoin (BTC) mining devices.

Mining hash rate expected to double

The mining company expects the aggregate Bitcoin mining hash rate to almost double to 3.8 Exahashes per second (Eh/s) after commissioning the new devices. They will be used starting in the second half of 2022.

Chips might cut power consumption by 15%

In its patent, Intel stated that the chips would also reduce mining power consumption by as much as 15%. The reduction in power consumption could make it possible for Hive to use more devices. The hash rate would rise even more as a result.

According to Hive president and COO Aydin Kilic, the new devices will be critical in terms of securing future growth of the company and its hash rate contributions to the network. 

He added that the company was committed to “implementing these next-generation blockchain accelerators in (HIVE’s) green energy infrastructure.”

HIVE chairman Frank Holmes added:

Intel’s commitment to challenging the status quo and commitment to energy-efficient products align very well with our ESG and clean energy commitment.

Governments worldwide consider bans on Bitcoin mining

New York state and several countries are contemplating a ban on Bitcoin mining to help protect the environment and ensure higher power supply. 

Hive will be using a facility powered by renewable energy in Texas, which will protect it against such complaints. The facility is property of Compute North, a digital infrastructure company.

Hive mines BTC, ETH, and ETC in several countries

At the moment, Hive has mining operations in Sweden, Iceland, and Canada, where it mines Bitcoin, Ethereum, and Ethereum Classic. The Texas operation will be Hive’s first in the US.

The post Hive sets up US location with green, Intel-powered mining devices appeared first on Coin Journal.

Adobe’s Behance announced support for Phantom Wallet, with which people can showcase Solana-based NFTs on their profile. They can also display NFTs minted on Ethereum, CoinJournal learned from a series of tweets by Adobe’s VP of Product William Allen.

Starting today, Behance users can connect their Phantom and showcase NFTs created on Solana on their Behance profile.

On a mission to help creatives   

Behance’s stated mission has been to help creatives build their careers on their own terms ever since its founding. Some are looking for full-time jobs, others are freelancers. Still others offer subscriptions, livestream, or sell templates or NFTs.  

Addressing energy and cost issues

At the moment, some Behance users are displaying NFTs they minted on Ethereum on their profiles. However, quite a number are concerned about the blockchain’s high energy use and the corresponding transaction costs. Solana addresses these concerns as a Proof of Stake chain.

According to William Allen, a transaction on Solana uses as much energy as a Google search – a fraction of a penny. It’s easy to mint using tools like Holaplex and to set up your own store on Solana.  

Solana NFT marketplaces MagicEden and Form Function feature many creatives. Metaplex provides complete control to those with a technical background. QuickNode helped Behance develop this feature on Solana. 

Preventing theft

Many creatives have had their work stolen in the NFT space, which is something William Allen has been very focused on for the past year. In the near future, Solana will add addresses to the Content Credentials tool to make sure people get credit for their work. Additional chains will be put in place to keep artists and their work safe.  

About Behance 

Behance is a social media platform owned by Adobe. Its main focus is to showcase and discover creative work. It was founded by Matias Corea and Scott Belsky in November 2005. Users can sign up to Behance and build profiles consisting of projects.

Both registered and unregistered users can view and comment on projects. Members of Behance can follow other users‘ profiles. Adobe Portfolio is Behance’s DIY web design application, similar to popular tools like Weebly and Joomla.

The post Adobe’s Behance to support Phantom Wallet appeared first on Coin Journal.