The circulation of Bitcoin is now increasing rapidly in different countries of the world.  Germany was the first country in the world to establish Bitcoin as a currency, declaring Bitcoin as a 'private currency' in 2013.  Bitcoin is now widely popular in the United States, Germany, Canada, Norway, China, Denmark, and Argentina.  Many well-known online companies have also started using virtual currency in their payments.  So Bitcoin is the future of tomorrow.
 Looking forward to your feedback.

The value of dogecoins skyrocketed when all cryptocurrency markets were normal. However, recently it has been seen that the value of doggy coins has come down a lot.  Many are saying that the value of dogecoins will never go back to its previous state.  But I believe the value of dogecoins will soon be pumping big.  What is your opinion on this?

With millions and even billions of dollars at stake, industrial-scale yield farming is leading to pockets of resistance as some projects refuse to be left with the chaff.

In the past week, team members from no-loss lottery project PoolTogether and exchange liquidity pool provider Curve Finance have proposed ways to reduce the load Yearn.Finance strategies place on their protocols and governance tokens.

In a Tweet on Sunday, PoolTogether co-founder Leighton Cusak noted that Yearn has become the primary beneficiary of many of the protocol’s DAI lotteries, as Yearn controls 57% of all DAI funds ($27 million of the $47 million in the pool at the time of writing) and therefore has a disproportionate chance to win.

“At this scale, it becomes problematic as they monopolize the chances to win and marginalize the core value prop of the protocol,” Cusak wrote on Twitter.

Wanted to provide a bit of context on Yearn <> PoolTogether since this tweet is getting some traction. https://t.co/bpCUroz8NS

— Leighton Cusack (@lay2000lbs) June 13, 2021
Likewise, in a governance proposal today “Charlie,” a representative of the Curve core team, put forth a vote to remove the CRV benefits given to the alUSD pool. alUSD is a stablecoin from Alchemix, a project which issues loans based on future yield from deposits into Yearn vaults; Yearn vaults, in turn, use stablecoins and other assets to farm Curve’s CRV token.

alUSD apparently is linked to dumping CRV from inflation schedule, so it currently causes more dumping of CRV than a normal pool would. There is a possibility to remove CRV inflation for this pool via a governance vote, hence the proposal:https://t.co/KGt2E9jmXi

— Curve Finance (@CurveFinance) June 15, 2021
Both instances of projects bucking under Yearn’s weight led to speculation on social media that there may be personal hostilities motivating what looks like a protocol-level sharecropper’s revolt (Alchemix opted to use Curve competitor Saddle for a new synthetic ETH pool); that Yearn may be overzealous with its farm-and-dump strategies; and that there could be “governance wars” creating friction in what should be an open ecosystem.

Likening the dynamic to a “war” appears to be overblown, however.

With the new governance wars kicking off between @CurveFinance, @AlchemixFi and @iearnfinance, I'm expecting to see some huge strides in governance mechanisms.

Curious who'll be the first to implement tradfi concepts like dual class voting tokens and staggered DAO multisigs.

— Collins Belton (@collins_belton) June 15, 2021
In an interview with Cointelegraph, Cusack said that PoolTogether has already agreed to onboard Yearn as an interest provider for the lotteries, and in turn Yearn will cease acting as a whale flopping in their pools.

“We have recently completed an integration with yearn and it is being audited. This means our prizes pools can use Yearn for yield. This is better as it will yield a higher APR. It also means that Yearn won't be able to deposit into PoolTogether as that would create a risky recursive loop,” he said.

He also noted that “Yearn keeps 10% of all the POOL tokens it accrues” and that POOL emissions were cut 50% late last month.

“I've found them to be very helpful and willing to make changes to reach a more optimum outcome.They ultimately understand that our success brings more success to them,” Cusak added of the Yearn team.

Likewise, Charlie of Curve noted that the governance proposal is an effort to mitigate a recursive CRV emission structure, similar to what PoolTogether is looking to achieve with their new arrangement.

“Alchemix and alUSD are awesome products which partly make their yield by selling CRV which is why the community raised the point [they] shouldn't receive CRV on top (the double dipping). It is not a hostile proposal towards Alchemix, just a way to see if the rest of the Curve DAO feels the same way about it and if they indeed do feel like it's abusing the system. It has nothing to do with the selling,” he said.

While the battle between farmer and crops for the time appears to have been staved off, Cusak did say that there remains a fundamental conflict that could eventually bubble into a governance fight.

“There is inherently a tension between protocols wanting deposits to drive growth and those depositors wanting to maximize yield be selling the protocol token.”
While the DeFi ecosystem prides itself on elegant economic designs and logical systems, when it comes to governance hot heads do sometimes lead to conflicts. Earlier in the year, insurance/coverage protocol Cover and Yearn.Finance announced a cessation of a merger that some parties likened to a divorce.

Multiple Yearn reps did not respond by the time of publication.source

Those of us who are Airdrop and Bounty Hunter have a lot of tokens in our wallets that we can't exchange for a fee. Yesterday I could not even make a deposit in a token exchange because of the fee. The token cost 20, but when I went to send it, the Etherium gas fee was over 35.  Due to which it was not sent.  Later I was waiting to see when the Ethereum gas fee could be reduced.
 Later I figured out a way out of it.  I am sharing it with you.  I hope you will come in handy.

 Those of you who have a token in MyEtherWallet but can't send it for a fee.  They will try to send tokens between 2pm and 8am.  Because, then the transaction of Etherium is much less and the pressure on Etherium blockchain is less.  Because of that gwei is also much less.  Because of that, there are other times of the day where the fee is more than 30 to  40.  Tokens can be sent there during this time (2pm to 8am) for a fee of  4 to 5.

El Salvador’s adoption of Bitcoin as legal tender has compelled analysts on Wall Street to re-evaluate their positions on the currency’s future. Once considered a niche asset, the digital currency is now under review in several countries, some of which are designing legal frameworks to regulate its movement. Many are wondering if this sea change in official attitudes can help Bitcoin replace fiat currencies like the dependable dollar.
Can Bitcoin Replace Fiat Currencies Like Dollar
In the recent past, several corporate giants have openly embraced Bitcoin by featuring it in their investment portfolios. The likes of Tesla, MicroStrategy, and Square have led the corporate crypto revolution, by parking their assets and offering transaction services to customers in the virtual currency. Some have also taken it upon themselves to ensure a greener future for the industry by reducing its energy consumption.

With El Salvador adopting Bitcoin on a nationwide scale, the focus is turning on authorities across the world. For the last 20 years, the country had been using the U.S. Dollar to carry out financial transactions. However, President Nayib Bukele sent shockwaves throughout the globe when he announced that his country was in the process of legalizing Bitcoin. The populist leader claimed the move was motivated by an interest to include more people in El Salvador’s formal economy and lessen the tax burden on remittances sent home.

Observers feel that the tropical country’s stunning decision may be linked to a broader change. Many are wondering if replacing a conventional currency — in this case, the dollar — on a national level will spark an international shift.

Dollar Will Evolve With Adoption of Blockchain Technology
For Julian Sawyer, the chief executive officer of Bitstamp, a Bitcoin exchange based in Luxembourg, the crypto sphere is not quite there yet. In a telephonic interview, Sawyer stated “There’s been a lot of people who have sat in the crypto world who’ve said, ‘Oh, crypto is going to take over the world and traditional banks and central banks will go away. That’s not going to happen.”

Blockchain technology itself has the promise to change the way traditional banking works, and in time it will trigger an evolution in the sector’s services. But cryptocurrencies, according to sawyer, will not completely diminish the importance of the dollar owing to their volatility.

Speaking on the potential changes in banking, Sawyer added, “Will there still be the dollar? Yes, Will there still be Visa and Mastercard? Absolutely. It will just be we’ll have alternatives for using plastic, or paper, or coins or checks.”

Fiat Currencies Do Not Fluctuate as Much as Bitcoin
Experts believe global commerce benefits greatly from the dollar’s stability. As compared to Bitcoin, which sees fluctuations after tweets and memes, the dollar’s value only moves a little due to systemic reasons.  This quality, in particular, makes the dollar ideal for countries looking for stability.

Since April, Bitcoin has shed nearly 50% of its market value. According to Bloomberg Dollar Spot Index, the primary cryptocurrency quadrupled in value last year. Meanwhile, the dollar slipped by 5.5%. This stark contrast between the movements of the two currencies shows why the dollar remains the foundation of international trade. The Bank of America has found Bitcoin nearly four times as volatile as the Turkish Lira and Brazilian Real. Neither of these is considered to be a model of stability.

El Salvador Could Make a Case for BTC Adoption
Nevertheless, El Salvador’s Bitcoin friendliness can prompt other countries to board the crypto bandwagon. Following the passage of the groundbreaking legislation in El Salvador, many Latin lawmakers have come forward on social media, advocating for their nations to reconsider cryptocurrencies. Leah Wald, CEO of Valkyrie Investments believes that many countries cannot afford to look away from this option anymore. She said, “For the longevity and health and well-being of Bitcoin, and the Bitcoin network, this is the dawn of a new day.”

Haiti, Guatemala, South Sudan, and Liberia could be the next on the list of countries that adopt Bitcoin due to their dependence on remittance revenues. Other countries that have organized their economies around the dollar, could also become good candidates to legalize cryptocurrencies while reducing their reliance on the U.S. Federal Reserve and its policies.source

Dogecoin, the cryptocurrency invented as a joke but now considered by its growing number of holders to be a serious asset, is struggling. The meme coin is down over 20% in the last week—despite being listed on Coinbase last Thursday.


Meanwhile, the broader crypto market, led by Bitcoin, appears to have stabilized after a rocky few weeks. Bitcoin has traded sideways over the last week, maintaining support at above $35,000.

Dogecoin is trading for $0.31 at the moment, according to CoinGecko data. Last week, Coinbase, the biggest crypto exchange in the US, announced it would list the coin. Doge’s price quickly spiked following the initial announcement but then didn’t really budge when trading became available days later.

And even when the San Francisco-based exchange said it was giving away $1.2 million-worth of the coin “to celebrate,” its price held steady. But not for long—it’s been sinking ever since.


It appears the “Coinbase effect” is no match for the “Elon Musk effect” these days.

Musk, who years ago called Dogecoin his “favorite” cryptocurrency—and even jokingly accepted the title of “Dogecoin CEO,” has a habit of moving the crypto market with his tweets, especially Dogecoin and Bitcoin.



And though neither is doing particularly well at the moment, Dogecoin—whose token economics make it so 10,000 coins are added to the network each minute—is faring much worse: the coin has lost 2.5% of its value in 24 hours. Because so many coins are minted, so quickly, the crypto depends on being bought-up.

Bitcoin, on the other hand, appears to have recovered from several weeks of bearish sentiment. The biggest crypto by market cap was battered firstly by Elon Musk tweets criticizing the coin’s energy consumption, then a huge sell-off when China’s central bank and a handful of Chinese payment firms said they would limit crypto transactions. On May 19 it crashed 30% in just 24 hours.


Justin Trudeau's Brother Says He’s Giving Away Free Dogecoin in a ‘Party Metaverse’
It then suffered when at the start of this week when US authorities announced they had recovered $2 million in Bitcoin from a ransomware attack on the Colonial Pipeline—leading to another sell-off.

But Bitcoin is now trading at $37,000, which is right about where it was seven days ago. And while that isn’t great for holders, it could be a sign that the tide is turning.


By contrast, Ethereum, the second-most valuable cryptocurrency by market cap, is having a harder time over the past seven days: it has lost over 15% of its value and was today trading at $2,413. Not long ago, ETH was threatening to break above $5,000.

And while some recent market entrants may have expected for Dogecoin to do better, especially considering it’s now listed on the biggest exchange in America, it has arguably already over-performed: It is now the sixth biggest cryptocurrency, with a market cap of $41.4 billion. Not bad considering it was invented in 2013 as a joke.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.source

The San Jose Sharks, a professional ice hockey team that competes in the National Hockey League (NHL), will start accepting Dogecoin, Bitcoin, Ethereum, and some other cryptocurrencies after partnering with payment processor BitPay, Sports Business Journal reports

From the get-go, it will be possible to use crypto for making substantial purchases such as season-ticket memberships and sponsorship deals, according to President Jonathan Becher.

The official app of the California-based hockey franchise will also add a crypto payment option.

Becher claims that PayPal’s foray into crypto has made it comfortable with the novel asset class:

We're accepting PayPal, so then by definition, we're accepting cryptocurrency. Why not embrace it and make it more visible as opposed to just doing it through a third party?

Earlier this year, Mark Cuban's Dallas Mavericks also started accepting Dogecoin payments.source