Yearn proposes “buyback and build” strategy for YFI holders

The Yearn.finance community is introducing a proposal to reform the current token economics of YFI. Popularly called “buyback and build,” the proposal aims to bolster the project’s treasury while also generating value for all stakeholders. Its list of authors includes Yearn core developers Banteg, Tracheopteryx and Lehnberg, as well as Gabriel Shapiro, partner at BSV Law and occasional Yearn contributor. Currently, Yearn.finance uses a staking and dividends model. Holders must place their tokens in the yGov contract and receive a portion of the revenue generated by its yield strategies. This…

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Bison Trails launches QT protocol to help developers build on Libra

Blockchain technology and staking service provider Bison Trail has announced the launch of its Query and Transactions Clusters, or QT, protocol to help developers build on Facebook’s forthcoming Libra network. Libra QT offers a bridge between Libra’s pre-mainnet and off-chain systems, allowing dedicated off-chain infrastructure to read and write data to the blockchain. According to a Nov. 25 announcement from Bison Trails, which provides blockchain services and infrastructure to crypto companies, “Libra QT offers fully-managed, dedicated, and highly resilient Libra read/write nodes and supporting systems without the hassle and expense…

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Bitcoin rally set to continue after BTC whales build buy walls near $17.2K

According to analysis from Edward Morra, a popular Bitcoin trader, Coinbase and Bitfinex exchange now have major buy orders above $17,200. The emergence of major buy walls is important because on Nov. 18, BTC flash crashed to around $17,222. This shows that whales are using large buy orders to defend the $17,200 support area with strength. Bitcoin buy wall on Bitfinex. Source: Edward Morra, TradingLite How strong is the $17K support?  Both whale clusters and exchange order books show that the $17,000 level is turning into a major support area.…

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How to build a crypto mining rig in 2020 to earn Bitcoin and Ether

In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by not only attracting professional cryptocurrency traders but also reviving mining as a way of generating passive income.  It is not surprising that countries experiencing difficult political and economic situations have witnessed a boom in the purchase of GPU cards in recent months. In the region of Abkhazia, where all crypto activities have been illegal since 2018,…

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Yearn Finance’s founder says he ‘doesn’t build for speculators’

The founder of Yearn Finance, Andre Cronje, has seen a fair share of criticism lately as he deployed some smart contracts that ended up losing users’ money. Cronje defended himself in a blog post and explained why he believes he shouldn’t be held responsible for those who “ape in” his testing contracts. Cronje will often place large disclaimers urging people to treat them with caution and not just go in because he built it. Little can be done to prevent this, given the permissionless nature of these products. Nevertheless, Cronje…

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Alchemy Aims to Transform Blockchain Development with New Build Tools

While it may be a long-standing joke in the developer community that any bug can be turned into a feature simply by documenting it, the fact is that blockchain deployment is often mission-critical. Whether it’s at the protocol level within a permissioned enterprise solution, on a public chain, or within an app that processes financial transactions, dependability is not optional. And as DeFi soars, the importance of identifying systemic weaknesses in code has never been clearer. Some blockchain companies offer major bug bounties to white hat hackers who seek flaws…

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Japanese Listed Company Globalway Plans to Build Sharing Economy Protocol and Launch IEO

TimeCoinProtocol is a new project developed by TimeTicket leveraging blockchain technology to create a decentralized sharing economy platform. The solution is powered by the TimeCoin token (TMCN), an EOS-based native token used both for payments in decentralized apps built upon the protocol and for the allocation of rewards for platform supporters. TimeTicket’s parent company is Japanese tech group Globalway Inc, which has over 50 million users and is listed on the Tokyo Stock Exchange. Starting Point – TimeTicket, a Service With 250,000 Users TimeCoinProtocol will allow for users of sharing…

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Blockchain Australia Seeks to Build Industry Confidence With New CEO

The new head of Blockchain Australia, Steve Vallas, has announced that he will focus on building up confidence in blockchain and improving the image of blockchain technology among businesses and governments. Vallas replaces Nick Giurietto who led the association over the last five years. He has worked as an industry coach and mentor for multiple universities and accelerator programs and is the founder of Australian marketing firm Honey Digital. Vallas has also advised governments on the blockchain sector. A new vision Speaking to Cointelegraph, Vallas said he will focus on…

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Litecoin Mimblewimble Integration Sees Test Build and Codebase Progress

The lead developer on the Litecoin Mimblewimble (MW) project, David Burkett, has now built a functional testing framework and started to integrate the development work done so far into the Litecoin codebase. According to a May 1 report on the Litecointalk forums, the project to implement the MW privacy enhancements into Litecoin has reached an important milestone with the build of a test-bed. Burkett claims that he has also run some end-to-end validation tests through the framework. “I’ve built out a functional testing framework that builds valid headers, blocks, and…

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At Bitrefill, Innovators Build a Circular Economy for Bitcoin – Bitcoin Magazine

This is a sponsored article provided by Bitrefill. Creating an e-commerce ramp for Bitcoin users, Bitrefill has set itself apart with a mission to revolutionize the way that bitcoin can function as a true everyday currency worldwide. Established in 2015, Bitrefill is the world’s largest crypto-only e-commerce site. To explain some of the philosophy that went behind the development of this company, as well as some of the places that it looks to expand in the future, we spoke with the project’s Chief Communications Officer John Carvalho. “Bitrefill has existed…

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