The Ethereum Beacon Chain launches today (December 1st) to start the much-anticipated multi-year upgrade to Ethereum 2.0. Coinbase has announced it will support ETH2 by offering staking and trading.

Decentralised Finance (DeFi) protocol Yearn.Finance (YFI) announced it is merging with SushiSwap, a fork of the popular decentralised exchange (DEX) Uniswap. As part of the merger Yearn and SushiSwap's development resources would be shared and their total value locked would be combined.

AllianceBernstein a Global investment manager with $631 billion in assets under management said it admits that bitcoin does have a role in asset allocation. Previously the fund had advised against it but has since changed its mind due to the post-pandemic economic environment.

Sponsored: Ideaology is proud to announce its upcoming IDEA token pre-sale on December 1, 2020. The pre-sale event is an initial exchange offering (IEO) on P2PB2B exchange. Users will have a chance to purchase IDEA tokens with a 22% discount before the IDEA token public sale.

Top stories in the Crypto Roundup today:

• Coinbase Supports ETH 2.0 Launch with Staking and Trading
• DeFi Protocol Yearn.Finance Announce Fifth Merger With SuhsiSwap 
• Investment Manager with $631B Assets Under Management Now Says Bitcoin Has a Role in Investors’ Portfolios 
• Sponsored: Ideaology's Upcoming IEO Ushers the Launch of Active IDEA Platform

Coinbase Supports ETH 2.0 Launch with Staking and Trading

The Ethereum Beacon Chain launches today (December 1st) to start the much-anticipated multi-year upgrade to Ethereum 2.0. Coinbase has announced it will support ETH2 by offering staking and trading.

Coinbase customers will be able to convert ETH to ETH2 and earn staking rewards, the staked ETH2 tokens will then remain locked on the beacon chain. Coinbase has said they expect these features to be available in early 2021. More than $500 million in ETH has been deposited in the ETH2 staking contract already.

DeFi Protocol Yearn.Finance Announce Fifth Merger With SuhsiSwap

Decentralised Finance (DeFi) protocol Yearn.Finance (YFI) announced it is merging with SushiSwap, a fork of the popular decentralised exchange (DEX) Uniswap. As part of the merger Yearn and SushiSwap's development resources would be shared and their total value locked would be combined.

The merger would bring the new TVL of Yearn.Finance to well over $1 billion according to data from DeFiPulse. In recent days Yearn has merged with; Pickle Finance, Cream Finance, Cover, and Akropolis. Yearn founder Andre Cronje said:

"As Sushi focused on expanding their AMM [automated market maker] ecosystem, and as Yearn focused on expanding their strategies, more and more overlap became apparent, Yearn needed custom AMM experiences for their strategies, and Sushi started pushing the boundaries of yield and money markets."

Investment Manager with $631B Assets Under Management Now Says Bitcoin Has a Role in Investors’ Portfolios

AllianceBernstein a Global investment manager with $631 billion in assets under management said it admits that bitcoin does have a role in asset allocation. Previously the fund had advised against it but has since changed its mind due to the post-pandemic economic environment.

Their research report said that increasing debt levels and monetary expansion had made bitcoin a more attractive investment. Also the decreasing volatility in bitcoin's price has made it a better store of value and medium of exchange. Bernstein Research recommends that bitcoin can make up 1.5% - 10% of portfolios depending on the risk profile and goals of the investor.

How many users have already locked up $20K to join Ethereum 2.0?

Ethereum is moving from a Proof-of-Work blockchain, where computing power determines rewards, to a Proof-of-Stake platform (dubbed Ethereum 2.0), where anyone who locks up their ETH can be chosen to validate blocks. 

 

The move will happen in stages, with a Proof-of-Stake mainnet living alongside the current Ethereum network for a while. The first step to launching this Mainnet was to accumulate enough ETH (524,288 Ether, or $316 million) in this deposit contract which was launched on November 4th. 

Stakeholders who deposit exactly 32 ETH (worth around $19,000 at the time of writing) to the contract will become validators on Ethereum 2.0 and earn rewards on the network by processing transactions and creating new blocks. They will be able to withdraw their tokens only at the onset of phase 1.5, which is expected to launch somewhere between the end of 2021 and beginning of 2022. 

Data from Flipside Crypto shows that prior to November 20th, around 3,425 investors had deposited 32 ETH into the contract. On November 24th, that number tripled to 9,660 users. Today there are around 26,826 users who have locked up their money for the next two years at least. 

The considerable influx of new validators coming in on November 24th happened right after the deposit contract reached its minimum amount for launching mainnet. 

Indeed, users who are able to lock up the $20k are expected to make a nice return on their investment, with roughly 20% in annualized rewards.

Ideaology's Upcoming IEO Ushers the Launch of Active IDEA Platform

DUBAI, UAE - Ideaology is proud to announce its upcoming IDEA token pre-sale on December 1, 2020. The pre-sale event is an initial exchange offering (IEO) on P2PB2B exchange. Users will have a chance to purchase IDEA tokens with a 22% discount before the IDEA token public sale.

Ideaology aims to be the “Biggest Blockchain Ecosystem in 2021 and beyond''. Along with the presale launch, Ideaology’s Active IDEA platform will go live on December 1, 2021 as well. The very existence of Ideaology is a testament to how the model it’s promoting works. With its upcoming IEO and subsequent launch on crypto exchanges, Ideaology’s Active IDEA aims to become the first blockchain-powered platform to pave the way for users to collaborate on promising blockchain projects while investing in these ventures as well.

Whether you are an investor looking for the right project to pour your resources on, a business developer that needs funding to start his empire, or a digital nomad looking for a platform where you can provide meaningful services and earn, Active IDEA strives to be the go-to platform for all online professionals.

Within the Active IDEA platform, members can collaborate as they invest and find projects that they have passion for. Members of the Ideaology community will be enabled to launch a startup through crowdfunding, but at the same time, will also have the opportunity to work with startups.The Ideaology team calls this whole process “collabvesting”.

By establishing a platform where online professionals can start “collabvesting”, and jumpstarting it with a presale of their IDEA token, Ideaology just became one of the most promising blockchain companies in 2021 and beyond!

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