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Showing posts from December 27, 2020

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Shark Tank’s Kevin O’Leary Warns Regulators Will Come Down Hard on Bitcoin — ‘It Will Be Brutal’

Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, has warned about regulators coming down hard on bitcoin. In addition, he says that “even if bitcoin were to go up another 2,000%, it’s completely irrelevant to institutional clients.” Kevin O’Leary Warns of Brutal Bitcoin Regulation, Says Bitcoin Is Not an Institutional Product Canadian investor and television personality Kevin O’Leary talked about bitcoin in an interview on Thursday with CNBC’s Squawk Box. O’Leary was asked whether he had changed his mind about bitcoin from thinking that it was “not a real currency” to investing in it and possibly buying more. “Let me be clear … I’ve been a cryptonian for years,” the Shark Tank star replied. Whipping out his phone, he said, “here is my bitcoin wallet. At the time, all you can get was ethereum, XRP , bitcoin, litecoin, stellar lumen, and bitcoin [cash]. I bought this at the last craze. I put $100 to work here. This morning it is worth $52.77 because not all cryptocurrenci...
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Financial Guru Dave Ramsey Doubts Bitcoin Can Be Cashed Out — Advises BTC Investor to Sell Now

Personal finance guru Dave Ramsey has given advice about bitcoin to a man who made over $100,000 by investing just $1,500 in the cryptocurrency. Ramsey repeatedly expressed his doubt that bitcoin can be cashed out, calling the cryptocurrency “funny money.” He recommends selling bitcoin immediately. Dave Ramsey Suspicious of Bitcoin Famous radio show host and best-selling author Dave Ramsey gave advice about bitcoin on his Dave Ramsey show aired on Wednesday. Daniel from Salt Lake City, Utah, called into the show to get Ramsey’s advice as his income was about to drop when he goes back to school. Daniel mentioned that he invested about $1,500 in bitcoin in 2014 and has made about $120,000 off of it so far. The self-proclaimed personal money management expert, Ramsey calls himself “America’s trusted voice on money.” He is the author of seven best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership, Dave Ramsey’s Complete Guide to Money, The Lega...
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Dynamic Set Dollar faces “massive test” as stablecoin falls as low as $.27

An algorithmic stablecoin experiment is playing out over Christmas weekend — and real money's on the line. While wild price action on Bitcoin and Ethereum have claimed the attention of most traders over the Christmas weekend, a select sect of crypto traders are following an experiment playing out in real-time that may have implications for the future of stablecoins: the fate of Dynamic Set Dollar.  Dynamic Set Dollar and its DSD token is an algorithmic stablecoin project designed to — eventually — track the United States Dollar on a 1-1 ratio with DSD. During expansionary cycles, such as one that led DSD as high as $3 per token last week, users are rewarded with freshly-printed “rebased” tokens for providing liquidity. According to Avalanche blockchain platform founder Emin Gün Sirer, however, developers of protocols like DSD face a much tricker task during price dumps like the one DSD is currently experiencing: incentivizing users to adjust the amount of tokens in circulation....
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Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer

CBDCs are one of the major topics in crypto this year, and the experts that Cointelegraph spoke to have a lot to say about it. It is hard to imagine that just two years ago, the general discourse around central bank digital currencies, or CBDCs, was mainly focused on the potential and possibility of issuing them . Even in 2019, the question was about whether we need state-owned cryptocurrencies , with only 70% of central banks worldwide studying the potential of issuing a CBDC, according to a survey published by the Bank for International Settlements at the beginning of 2019. But this year, everything is indeed different.  2020 started with a major event within the financial world: the World Economic Forum in Davos , where the WEF released a toolkit for policymakers regarding the creation of CBDCs. And according to a recent BIS report, 80% of the world’s central banks have already been evaluating CBDC adoption. The news that central banks worldwide had started actively resear...
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Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer

CBDCs are one of the major topics in crypto this year, and the experts that Cointelegraph spoke to have a lot to say about it. It is hard to imagine that just two years ago, the general discourse around central bank digital currencies, or CBDCs, was mainly focused on the potential and possibility of issuing them . Even in 2019, the question was about whether we need state-owned cryptocurrencies , with only 70% of central banks worldwide studying the potential of issuing a CBDC, according to a survey published by the Bank for International Settlements at the beginning of 2019. But this year, everything is indeed different.  2020 started with a major event within the financial world: the World Economic Forum in Davos , where the WEF released a toolkit for policymakers regarding the creation of CBDCs. And according to a recent BIS report, 80% of the world’s central banks have already been evaluating CBDC adoption. The news that central banks worldwide had started actively resear...
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Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike

Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. Just recently the leading bitcoin options exchange Deribit announced the launch of both $120k and $140k strikes, and data from skew.com shows some June futures are swapping for $30k. Crypto derivatives have been hot in 2020, as demand has skyrocketed on various trading platforms this year. At the end of November, CME Group outpaced the competition and became the world’s largest bitcoin futures provider that month. In mid-December, news.Bitcoin.com reported on the leading bitcoin options exchange Deribit’s massive volume. Bitcoin daily options volume crossed $1 billion and Deribit introduced a $100k options strike for September. Then on December 26, 2020, Deribit tweeted about adding two more large options strikes. “We’ve added the BTC 120K strike. We expect to add 140K tomorrow,” Der...
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After promoting Bitcoin merch discount, Mark Cuban praises BTC monetary policy

The billionaire seems to have one foot in, one foot out when it comes to Bitcoin During a Christmas rally that has pushed the Bitcoin all time high mark ever higher, a pair of recent tweets indicate that a former critic of the digital currency is continuing to take steps towards a full-blown hodler conversion: billionaire investor and owner of the Dallas Mavericks Mark Cuban.  The Tweet came on December 23rd, when Cuban announced that fans buying Mavericks gear would receive a 25% discount when they used Bitcoin to make their purchase. Oddly enough, however, the report Cuban linked to instead said that purchasers who buy more than $150 worth of gear using Bitcoin would receive a $25 gift card, and did not mention a 25% discount: Want to spend your $BTC somewhere... Spend it with the Mavs and get a 25 percent discount for using Bitcoin ! https://t.co/De7Y5f28s8 — Mark Cuban (@mcuban) December 23, 2020 This gift card offer, as well as a wider Mavericks policy of accepting B...
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