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Showing posts from February 7, 2021

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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Paxful Celebrates the Real Reasons People Use Bitcoin Everyday With #BitcoinForAll Giveaway

Paxful, one of the largest peer-to-peer cryptocurrency marketplaces in the world, is celebrating the real reasons people use bitcoin everyday with a special $15,000 giveaway . The platform helps millions to have access to payments, e-commerce, remittances, wealth preservation and philanthropy with bitcoin. What Real People Use Bitcoin For With bitcoin’s incredible recent rally it is no surprise that most of the news you hear about the cryptocurrency focus on the price gains. However, it is important to remember that for many people it is so much more than just a speculative asset. Paxful is active all over the world, including in markets with hundreds of millions of unbanked people such as in Africa and Asia, and it therefore can see the real uses people have for bitcoin. In order to celebrate these real world uses cases and the fact that bitcoin is a valuable tool for all people, Paxful is launching a special $15,000 giveaway where 1,500 traders can win up to $100 in BTC . To lear...
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Crypto Patent Alliance Questions Craig Wright’s White Paper Copyright Claim

Back in January, the notorious Craig Wright who claims to be Satoshi Nakamoto had his lawyers send letters to a number of websites like bitcoin.org telling them to remove the Bitcoin white paper hosted on their web portals. On January 31, bitcoin.org’s owner Cobra claimed he was threatened by a Bitcoinsv supporter after the person discovered the anonymous owner’s phone number. Moreover, the organization Crypto Open Patent Alliance (COPA) has sent a letter to Wright’s legal team seeking more information regarding the claims of copyright ownership. Cobra Refuses to Stop Hosting the Bitcoin White Paper, Allegedly Receives a Threat from a Bitcoinsv Supporter Not too long ago, Craig Wright’s lawyers stemming from the law firm Ontier LLP, have sent letters to various websites telling them to remove the Bitcoin white paper from the web portal. The claim was of course met with controversy and the owner of the website bitcoin.org refused to take down the paper. On February 3, 2021, the own...
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Asset Manager Stone Ridge’s NYDIG Sees Wall of Money Coming Into Bitcoin — Institutions Grow Beyond Owning BTC

The founder of Stone Ridge Asset Management and the New York Digital Investment Group (NYDIG) sees a “wall of money” coming into bitcoin based on his firm’s order book. The executive believes that institutions are just getting started and we will see an explosion of bitcoin-focused traditional financial products within a year. NYDIG Bullish on Bitcoin Stone Ridge Asset Management and NYDIG founder Ross Stevens shared his insight on institutional adoption of bitcoin last week in an interview with Microstrategy CEO Michael Saylor. Stevens founded Stone Ridge in 2012 and NYDIG in 2017, where he now serves as its executive chairman. Today, “NYDIG is a full service vertically integrated bitcoin-only financial services firm,” he described. “A year ago, we had 25 institutional clients,” he told Saylor. “Today, we have 280 institutional clients. We’ve got a pipeline in the onboarding process of 96.” Stevens added that at the current capacity, his company can onboard 75 institutions a month...
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Pro-Bitcoin US Lawmaker Cynthia Lummis Joins Senate Banking Committee, Plans to Convince Janet Yellen BTC Is Great Store of Value

Pro-bitcoin U.S. Senator Cynthia Lummis has been appointed to the Senate banking committee. She has been talking to Janet Yellen and has outlined her plans to help the new Treasury Secretary and other U.S. lawmakers understand that bitcoin is a great store of value. Lummis says that Yellen has an open mind on this topic even though she currently thinks that cryptocurrencies are mainly used for illicit financing. Senator Lummis Plans to Convince Congress and Janet Yellen About the Benefits of Bitcoin U.S. Senator Cynthia Lummis was appointed to the Banking, Housing, and Urban Affairs Committee last week. The committee has jurisdiction over a range of matters, including banks, banking, federal monetary policy, currency, and financial aid to commerce and industry. Lummis was sworn in to the U.S. Senate on Jan. 3, becoming the first woman to serve as U.S. Senator from the state of Wyoming. She previously served as Wyoming state treasurer. In an interview with Morgan Creek Digital part...
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Anon-powered options: DeFi platform Premia goes live

An all-anon team is hoping to realize the long-awaited dream of a flexible DeFi options platform The Anon Powered development team has announced today the launch of Premia, the latest decentralized finance (DeFi) options platform live on Ethereum.  In an interview with Cointelegraph, the group of semi-anonymous developers behind Anon Powered — who collectively requested that they be referred to as “members of the Premia Republic,” the name for Premia’s forthcoming DAO — said that out of the gate users will be able to write, sell and exercise “American-style covered calls and puts,” which can be exercised prior to the option expiration date. Premia’s launch adds to an increasingly crowded DeFi options marketplace , joining projects such as Auctus, Hegic, and Opyn. However, members of the Premia Republic believe that their project will be able to stand out due to blend of features, including an architecture which leverages ERC-1155s, a Primary Bootstrap Contribution phase in lieu...
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Billionaires pushing crypto: Mexico’s third-richest person changes Twitter bio to include Bitcoin

Elon Musk continues pumping DOGE while Ricardo Salinas Pliego sticks to Bitcoin. Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest person, is plugging Bitcoin on social media. The billionaire with an estimated net worth of more than $13 billion as of January changed his Twitter bio over the weekend to include the Bitcoin ( BTC ) hashtag. Crypto Twitter users and some of Salinas' more than 840,000 followers reported noticing the change Saturday around the time the price of the crypto asset surged to more than $40,000 for the first time in 23 days. Welcome @RicardoBSalinas to the #bitcoin community. Let's join the #bitcoin movement! pic.twitter.com/an9wymsKE7 — Jay_OKEX_CEO (@JayHao8) February 7, 2021 Speaking to Cointelegraph in December, Salinas revealed he had first purchased Bitcoin at $200 in 2013, later selling during the 2017 bull run when the price reached the $17,000s. He described the crypto asset as his “best invest...
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German Authorities Can’t Access Bitcoins Worth $65 Million ‘Seized’ From Hacker

German authorities have been unable to gain access to more than 1,700 bitcoins belonging to a convicted hacker, who kept silent about how to access his crypto stash while serving his prison sentence. German prosecutors in the Bavarian town of Kempten said Friday that they have been unable to gain access to more than 1,700 bitcoins they said were seized from a hacker. The hacker, who was 29 years old at the time, was convicted in April 2014 of computer fraud, among other charges. He covertly installed software on other people’s computers to mine bitcoin, which he kept for himself. He was sentenced to more than two years in jail. The authorities “seized” more than 1,800 BTC belonging to him at the time and were able to sell 86 bitcoins from the stash in 2018, according to local media. The sale brought in about 500,000 euros ($602,452). A spokesperson for the Kempten district court said the rest of the bitcoins were protected by multiple passwords and IT specialists assigned to ...
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Top 5 cryptocurrencies to watch this week: BTC, DOT, LINK, XLM, THETA

Bitcoin is facing rejection above $40,000, but if the bulls do not give up much ground, several altcoins could resume their uptrend. Bitcoin ( BTC ) has attracted several institutional investors in the past few months, but with the market capitalization sustaining above $700 billion, many more institutions are likely to contemplate buying Bitcoin. Similarly, Ether ( ETH ) with a market cap of about $180 billion also cannot be ignored by the investors.  The institutional adoption of the top two cryptocurrencies is likely to attract numerous venture capitalists and early investors into smaller projects that have gained a decent size but have not yet reached their full potential. Although the risk is high in such investments, the returns could be equally attractive. Crypto market data daily view. Source: Coin360 For such investors, there are multiple projects to choose from because over 50 digital assets command a market cap of over $1 billion, giving them unicorn status, a ...
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Robinhood and GameStop proved we need a new financial system

It’s time to shine for DeFi, as the old financial system has rotted and degenerated and has been the main villain amid the GameStop saga. King Midas is most famously remembered through the fable we tell our kids that the king could turn everything he touched into gold. At first, it was a great idea that his greed turned even food into gold, leaving him wealthy but unable to live.  Robinhood’s CEO and its board had the impossible King Midas dilemma this week: deciding whether to side with their customers and let them make over $15 billion in profits or halting trading and allow only the sale of GameStop (GME) to enable the money-hungry shorts to cover their position at lower prices and avoid massive losses. Robinhood showed everyone that its favorite color is money , and its friends are the same people who make sure you almost never win trading on Wall Street. Related: GameStop saga reveals legacy finance is rigged, and DeFi is the answer Greed will win again and again As it ...
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You Musk be joking: Is Elon just messing with us over DOGE?

Is Elon Musk just trolling the cryptocurrency community with his support of Dogecoin? Elon Musk , the billionaire founder of Tesla and SpaceX, has touted the revolutionary impact of cryptocurrencies – while seemingly poking fun at the concept in the same breath. In a video that was uploaded by Kevin Svenson, Musk can be heard saying , “there is a good chance that crypto is the future currency of Earth.” How ironic would it be if Dogecoin ( DOGE ), the coin invented as a joke, wins out in the end, Musk pondered. Elon Musk talks about $DOGE Coin (Released 4 Hours Ago) @elonmusk said "There is a good chance that #Crypto is the future currency of Earth ... but which one is it going to be?" #Doge #DogeCoin #Bitcoin #cryptocurrency #cryptocurrencies #DOge pic.twitter.com/HDaf5jw3Xx — Kevin Svenson (@KevinSvenson_) February 6, 2021 “What would be the most ironic outcome? That the currency that was invented as a joke in fact becomes a real currency,” he said. DOGE ...
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Luxurious Pro Network Token Officially Listed on PROBIT

PRESS RELEASE. The LUXURIOUS PRO NETWORK TOKEN is now officially listed on PROBIT, a globally reputed professional digital currency exchange. Officials from both the organizations have expressed their opinion in this regard. “In my opinion, LPNT’s solid strategy will benefit users and investors in multiple ways because this financial revolution has everything to top the growth ladder for a long period of time, said Mr. Eesmond Hwee, Associate Director, PROBIT.” “Listing on PROBIT, an internationally reputed digital currency exchange, will boost LPNT’s utilization, circulation, demand & supply by manifolds as users will be able to purchase it for use in all walks of life, said MR. Satish Mostra, CMD, LPNT and Mr. Happy Sheikh, Global Corporate Head, LPNT”. The group plans on adding value to this incredible feat through the utilization of all LPN TOKEN’s attributes like a decentralized cryptocurrency payment gateway, forex trading with LPN TOKEN, a decentralized cryptocurre...
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Rock Legend Gene Simmons Talks Bitcoin: Musician Believes China Is Behind the Ripple Lawsuit, Dollars Are Based on Nothing

The American musician, co-lead singer, and bassist for the rock band Kiss, Gene Simmons, has been very talkative about cryptocurrencies during the last two weeks. Just recently, Simmons sat down with Bitcoin.com’s podcast host, Dustin Plantholt and the two discussed a variety of subjects like the Ripple lawsuit, and why the rockstar thinks cryptocurrencies are worth owning. Gene Simmons Talks Crypto In an Upcoming Bitcoin.com Podcast Exclusive Gene Simmons is well known for his band Kiss , the rock band that was formed in 1973 by Simmons, Paul Stanley, Peter Criss, and Ace Frehley. Simmons is also known for being an entrepreneur over the years and just recently, news.Bitcoin.com reported on Simmon’s telling his Twitter followers about which cryptocurrencies he owned. Last week, the bass player told his fans he purchased BTC , ETH , LTC , DOGE, XRP , and other digital assets. Rockstar legend Gene Simmons has been discussing cryptocurrencies regularly on social media and this week...
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Snoop Dogg and Gene Simmons join Elon's Musk's 'Dogecoin army'

DOGE is rallying once again after Elon Musk, Snoop Dogg, and Gene Simmons tweet Doge Army memes. Rapper Snoop Dogg and Kiss’ Gene Simmons have been both expressing their support for the “Doge Army” over the weekend alongside Tesla CEO Elon Musk. As a result, the cryptocurrency's price has rallied once again  by 27% on Feb. 7.  DOGE is the native cryptocurrency of Dogecoin, which has become a household name in recent months. So … it’s finally come to this … pic.twitter.com/Gf0Rg2QOaF — Elon Musk (@elonmusk) February 7, 2021 Following the Gamestop and Robinhood saga, many traders rushed into the cryptocurrency market. DOGE was the first cryptocurrency that saw retail fear of missing out (FOMO), especially among the r/Wallstreetbets community members. "Yup. I bought even more Dogecoin," Simmons wrote on Feb. 6, continuing:  Why? Because I believe it will go up. But that’s just me,"  DOGE/USDT 1-day candle price chart (Binance). Source: TradingView.c...
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Crypto-friendly faces poised for positions in Biden administration

The crypto industry appears to be abuzz with potential, given confirmed and possible appointments in the Biden administration. As the United States Senate begins confirming leadership posts across commerce and the treasury, there has been meaningful momentum in the crypto community as a response. This is due to the profiles of various individuals who have been reportedly nominated, as well as the anticipated economic measures by the coming administration — both of which are expected to nurture positive momentum for crypto growth. While a few official appointments have been made with numerous confirmations pending, others are still at the nomination stage. Let’s take a quick loop around the swamp. The Treasury Confirmed with 84 votes, Janet Yellen will be at the helm of the treasury. During her confirmation hearing, Yellen outlined her support for Biden’s agenda, which includes a likely increase on taxes for the wealthy, “backing the buck” to stabilize the dollar amid attempts to ...
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