Blockchain
Yearning for Pickle? Two DeFi Protocols Merge

The anonymously operated yield farm, Pickle Finance, has cut a deal to merge with Yearn, the latter’s lead developer, Andre Cronje, posted on Medium Tuesday.
“Pickle and Yearn developers have worked out a structure to allow the two projects to work together in symbiosis. This is done to reduce duplicate work, increase specialization and to leverage shared expertise,” Cronje wrote.
Timing and other details remain to be announced.
Yearn is one of the leading projects in decentralized finance, serving its users as a way to automatically optimize yield for a set of cryptocurrencies. Pickle was started as a yield farm whose initial purpose was to help push four key stablecoins back onto their target price, but it has since evolved into something that operates more like Yearn, with its own set of yield optimizing pools.
Pickle Finance was hit by an exploit in which $19.7 million in DAI was lost. This follows a bug in late September where funds got temporarily locked after a bug was found in its smart contracts.
In the Pickle Discord channel, one of its moderators, 0xPenguin, shared Cronje’s post, writing:
“The idea of the merger, and the long-term benefits to everyone – investors, community members and developers – emerged during the process of working with the Yearn team in the investigation of the exploit.”
When news of the exploit first emerged, another moderator, Larry the Cucumber, wrote, “We will not be issuing any IOU tokens so as to not impede the growth of this protocol going forward.”
However, with the announcement of the merger, 0xPenguin backtracked on that somewhat, writing, “A solution has been found that allows us to announce the issuance of a new token – CORNICHON, to act as a debt instrument to help those who were affected by the exploit.”
How CORNICHON will accrue value has not yet been revealed. The tokens “will be minted against a snapshot of balances at the time of the attack and distributed to victims proportionally. Further measures may then be adopted by Pickle Governance through its regular decision process,” Cronje wrote.
The Yearn merger will also introduce a new token called DILL which will incentivize users to hold PICKLE tokens longer.
Source: https://www.coindesk.com/yearning-for-pickle-two-defi-protocols-merge
Blockchain
Wall Street Bets ‘Chairman’ Tweet Sends Dogecoin (DOGE) Soaring 85% in Hours

The price for the popular meme coin, Dogecoin (DOGE), went flying today. The cryptocurrency skyrocketed by almost 90% in just a couple of hours after the ‘Chairman’ of the now popular Wall Street Bets group tweeted about it.
- About a couple of hours ago, the ‘Chairman’ of the popular Wall Street Bets group asked whether or not DOGE has ever been trading at $1.
Has Doge ever been to a dollar?
— WSB Chairman (@WSBChairman) January 28, 2021
- After the Tweet went live, DOGE’s price went for the skies. The cryptocurrency soared by about 85% in a matter of hours and reached an intraday high at around $0.0145. The price has since corrected, but it appears that there’s still momentum in the market.
- The reason for this excitement is what recently happened with the stock price of GameStop.
- The Wall Street Bets group on Reddit saw more than 2 million people joining it with the common cause of buying GME stock against the trades of Wall Street hedge funds, who have been shorting it.
- Not long after that, the price soared by up to 600%, causing mayhem on Wall Street and even getting one large hedge fund out of its position for what was reported as a massive loss.
- The entire ordeal even saw the CEO of NASDAQ say that they would potentially halt trading in case of increased social media chatter.
“When we evaluate how we would manage through a situation where you see a significant run-up with a stock that is not based on news or fundamentals, we have technology that evaluates social media chatter, and if we see a significant rise in the chatter on social media channels and we also match that up against unusual trading activity – we will potentially halt that stock.”
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Blockchain
5 Most Secure Ways The Bitcoin Whitepaper Is Hosted Globally
Crypto companies and even governments are now hosting the Bitcoin whitepaper, ensuring that it remains accessible for all.

In brief
- Craig Wright claimed Bitcoin.org violated his copyright claim by continuing to host the Bitcoin whitepaper.
- Since then, in defiance, many websites have added the Bitcoin whitepaper.
- These are the five most secure ways to access the Bitcoin whitepaper today.
The Bitcoin whitepaper was published in 2008 under the pseudonym Satoshi Nakamoto and later uploaded to a single website: Bitcoin.org. It was published under an MIT license, along with the rest of the code, making it freely available for all to distribute.
But this came under attack recently, when Coingeek chief scientist Craig Wright—who claims to be Satoshi Nakamoto but hasn’t signed a transaction with Nakamoto’s PGP key to prove it—issued legal demands to both Bitcoin.org to take down the whitepaper.
Bitcoin.org refused and in solidarity, Bitcoiners across the world have come together to upload the Bitcoin whitepaper in as many places as possible, and in the most secure places possible. Here are some of the best ways that the Bitcoin whitepaper is being secured around the world.
Governments hosting the Bitcoin whitepaper
Several national governments have uploaded the Bitcoin whitepaper—titled Bitcoin: A Peer-To-Peer-Electronic-Cash-System— directly to their websites, including Colombia, Estonia and the US.
“We are happy to preserve the original Bitcoin whitepaper here on our website as a source of inspiration for future innovators looking to understand how to use blockchain technology in support of facilitating cross-border business and other applications,” the Estonian government website reads.
Colombia’s Jehudi Castro, an advisor to President Ivan Duque Marquez, posted a link to the whitepaper via Twitter.
The United States government also publicly hosts the Bitcoin whitepaper, which can be found on the US Sentencing Commission’s website. In addition, Representative Patrick mcHenrey of the House Financial Services Committee has hosted a copy of the whitepaper on his congressional website.
The Bitcoin whitepaper also appeared in the city of Miami’s municipal website, thanks to Mayor Francies Suarez, who is trying to make Miami into a global hub for crypto innovation.
Decentralized networks as ultimate backup
The Bitcoin whitepaper is also being hosted on The InterPlanetary File System (IPFS) and Ethereum Name Service (ENS).
IPFS is a peer-to-peer network for storing and sharing data in a distributed file system. Each file is uniquely identified using specific content-addressing. (At the bottom of each Decrypt article, there’s an IPFS link to view the article on the network, and if you’re using Brave, you will be able to view it without running your own IPFS node.)
Ethereum Name Service also serves as an open naming system that’s built on the Ethereum blockchain and uses domain names. The platform maps human-readable names in place of long and hard to remember traditional, complex addresses. This makes it easier to send money to other ENS users.
On January 21, a Twitter user suggested ENS should host it. It took just two hours for Brantly Millegan, director of operations at ENS, to set up a page that hosts the Bitcoin whitepaper. You can view it here.
Companies hosting the Bitcoin whitepaper
There are now many crypto companies proudly hosting the Bitcoin whitepaper on their websites. This includes companies like Facebook subsidiary Novi, and self-custody app Casa.
“Nine pages, 3,641 words, 21,443 characters to reimagine finance,” said Jameson Lopp, co-founder and CTO of Casa, who also hosts the whitepaper on his own website.
Another major company that has begun hosting the Bitcoin whitepaper is Square, which bought $50 million worth of Bitcoin last October.
Other companies hosting the Bitcoin whitepaper include policy think tank Coin Center, Bitcoin financial services firm NYDIG, and Kraken, one of the world’s largest cryptocurrency exchanges.
Accessing the Bitcoin whitepaper on the blockchain
Instead of visiting any one of these websites, the Bitcoin whitepaper can also be accessed in the Bitcoin blockchain itself. It’s held as a PDF but has to be pieced together.
“I’ve tested this and indeed it is in the whitepaper. Good to know it’s literally in the blockchain,” said Bitcoin author and developer Jimmy Song.
To do this, all you have to do is identify certain pieces of multi sig data and organize them into a single file to extract the whitepaper as a pdf. Simple, right?
If that’s too complicated, Song suggests, by using a program called bitcoind, any user can run a python script to access the whitepaper from the blockchain. At least that’s a bit easier.
Bringing the Bitcoin whitepaper to life
If visiting websites or searching the Bitcoin blockchain isn’t for you, you can get a copy of the Bitcoin whitepaper by printing out a 3D render of the document. Then it’s effectively in cold storage, protected from the whims of the Internet—and accessible even without WiFi.
“Check out this 3D render of the Bitcoin whitepaper,” said Twitter user Mike In Space, adding, “You’ll notice that the wall hanger is built right into the backing.”
This 3D render of the Bitcoin whitepaper is offered by Privacy Pros, a company dedicated to providing physical offline backup solutions for private keys.
But that’s not all. It’s also possible to keep a version of the Bitcoin whitepaper safe at home in physical form. Posters of the Bitcoin whitepaper are being sold on the Touch of Modern website.
“To some, Bitcoin may be as much of an enigma as the true identity of Satoshi Nakamoto. But to blockchain enthusiasts, it’s an important and groundbreaking work that heralds the next evolution in how we deal with and think of wealth,” the website says.
It looks like Wright has a lot of work on his hands.
Note: Thanks to Tomer Strolight for giving us permission to use his Bitcoin whitepaper image as the header image for this article.
Blockchain
Reddit Doubles-Down on Blockchain: Partners With The Ethereum Foundation

The giant social media platform Reddit has doubled-down on its blockchain and cryptocurrency involvement with a new partnership with the Ethereum Foundation. As a result, Reddit plans to utilize the Ethereum network to create larger-scale applications like the Community Points introduced last year.
Reddit Doubles-Down On Blockchain
CryptoPotato reported last year that the San Francisco, US-headquartered platform launched Community Points as tokens built on the Ethereum blockchain. Users from two subreddits, namely r/CryptoCurrency and r/FortNiteBR, were able to receive the ERC-20 coins and spend them on various services, such as membership purchases or voting on polls.
Reddit asserted that the points will be a measure of reputation and contribution within each of the communities. Earlier, a platform administrator going by the handle u/jarins reaffirmed the relationship between Reddit and the blockchain space with a fresh partnership with the Ethereum Foundation.
“In this new stage of our partnership, immediate efforts will be focused on bringing Ethereum to Reddit-scale production. Our intention is to help accelerate the progress being made on scaling and develop the technology needed to launch large-scale applications like Community Points on Ethereum.”
Furthermore, the post explained that the Ethereum choice was rather apparent as Reddit was looking into exploring an open-source and publicly available scaling technology.
An Increasing Commitment To Blockchain
The post highlighted that the most recent initiative with Ethereum is a step to increase the platform’s “commitment to blockchain,” which should help bring “the value and independence of blockchain technology to millions of Redditors.”
Consequently, Reddit has established a designated Crypto Team and is looking for “engineers who want to build the decentralized Internet.”
Aya Miyaguchi, the executive director at the Ethereum Foundation, also commented on the new partnership. She noted that the team behind the second-largest cryptocurrency by market cap continues to “be impressed with Reddit’s vision, and by how it maintains its culture and philosophies, which were key in forming this relationship.”
Additionally, representatives of both parties plan to host an online session to answer users’ questions.
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