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Showing posts from February 16, 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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Blockchain Firm Asks Nevada State for Permission to Build a Crypto ‘Smart City’ in Storey County

A crypto “smart city” could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County. Crypto City Aims to Host 33 Million Square Feet of Commercial Space According to a report published by the Associated Press, Blockchains LLC wants to build the crypto city within its 67,000 acres of land located in Reno’s east. But the application is not limited to Blockchains LLC. The firm’s CEO, Jeffrey Berns, wants that local authorities grant other companies the green light to do similar projects in the state. Per the company’s CEO, if they get the approval, the firm will establish its own laws, as they’ll be granted power on building schools and even law enforcement. The crypto city also expects to deploy an economy based on digital currencies, where residents could purchase goods and pay for services via crypto assets. However, they don’t want to limit the project to...
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The Man Behind Wallex and EURST

Simone Mazzuca is innovative in his style of management. Being the founder of Wallex and creator of the EURST, he is agile and motivated with a strong orientation to bridge traditional finance with the new digital world. He focuses his energies on management and advisory robustness that leads to the creation of borderless opportunities within the financial sector and oversees the success of his clients by the achievement of their objectives. The Founder of Wallex and Creator of EURST The impact of digitization on the world economy has presented the fourth industrial revolution, transforming the economic structure, economic policies, systems impact and governance. The digital era has changed patterns of consumption, production, business models making it an important issue from a financial perspective. Over the next decade an estimated 70% of new value will be based on digitally enabled platform business models. With these technological advancements evolving at an exponential rathe...
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‘Fair Launch’ tokens outshine the average coin's performance

Data from Messari shows the top 20 “Fair Launch tokens” are outperforming both the top 1,000 crypto assets and Ethereum-based assets on average this year s far. So-called ‘Fair Launch’ tokens are outperforming most projects released via centralized token distribution events, according to crypto market data aggregator Messari,  Messari defines Fair Launch tokens as having a publicly announced launch without any form of pre-mine. These include older top 10 crypto assets Bitcoin and Litecoin, newer DeFi projects such as Yearn.Finance and SushiSwap, and veteran 2013 altcoin Peercoin. Fair Launch tokens (no pre-mine, announced publicly) outperforming. Includes $BTC , $SUSHI , $DOGE , $HNT , $SFI , $YFI , $FARM , $CVP We have pre-set screeners here --> https://t.co/17N2KGDPRF pic.twitter.com/F4StV12N5Q — Mira Christanto (@asiahodl) February 16, 2021 Fair Launch tokens appear to be outperforming the broader crypto markets by more than double over the past three months....
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YouTuber regrets spending 37 BTC — now worth $1.8M — on used Hondas

One enthusiast paid $1.8 million in BTC at today's prices for a couple of secondhand Honda sports cars. A Honda enthusiast has released a YouTube video revealing how he spent a bunch of Bitcoin on two used sports cars. Known on social media as “NSXTRA”, Chris Cut’s Feb. 16 YouTube video titled “Idiot Spends $1.8 Million of Bitcoin on Old Hondas” reveals how much he regrets spending large amounts of Bitcoin at today's prices on the classic sports cars. The first car in question is a Honda NXS Targa which he bought on Valentine’s Day in 2017, claiming to have got it for a “great price” of $30,500, which he paid in Bitcoin, calling it “a steal”. On the day he bought the Targa in 2017, BTC was trading around a thousand dollars a coin so the car cost him 30.5 BTC. At today’s Bitcoin prices, the car set him back almost $1.5M He added that he parted with 6.5 BTC to pay for another Honda on Black Friday 2018 when Bitcoin was trading at $4,300. That amount of Bitcoin would have ...
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Over $100M in crypto collectible NFTs sold in last 30 days

From NBA TopShots to Hashmasks to CryptoPunks, collectible NFTs are selling like hotcakes. Non-fungible token sales are booming and top marketplaces are seeing record volume levels. The milestone was noted by crypto asset investment firm Paradigm co-founder Matt Huang, who posted a screenshot from NFT marketplace and data tracker CryptoSlam. CryptoSlam also reported that a large portion of trading is now taking place on secondary markets indicating that crypto collectibles are changing hands more often. Over $100M+ in crypto collectibles (NFT) sales, last 30 days pic.twitter.com/72VTwc5Hg7 — Matt Huang (@matthuang) February 16, 2021 CryptoSlam reports that NBA Top Shot, a basketball based collection launched in October 2020 , is the top-selling NFT platform with $5.8 million shifted over the past 24 hours and a whopping $68.5 million over the past 30 days. Top Shot represents the first time the NBA has entered into a licensing deal backed by blockchain technology. Speaking to...
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Spanish Treasury Secretary Says Cryptocurrencies Carry a ‘Risk of Default’, Repeats Bank of Spain’s Lack of Regulation Rhetoric

The government of Spain continues to harden its stance against widely adopting cryptocurrencies. The Spanish Secretary of State for the Economy recently expressed her concerns on risks that she thinks cryptos possess for the national economy. Secretary Doesn’t Like Bitcoin as It Cannot Be ‘Supervised or Sanctioned’ During the Online Fintech Summit 2021 , Ana de la Cueva said that cryptocurrencies such as bitcoin ( BTC ) carry “a risk of default, given that the user does not have the protection offered by traditional payment systems against a default by the counterparty.” In fact, the Secretary blasted off on the lack of a “centralized guarantee system” in bitcoin. Interestingly, at the beginning of her speech, De La Cueva mentioned that the cryptocurrency’s technology is based on blockchain. However, she later pointed out that there is no standard “clarity” on the nature of bitcoin. The Secretary repeated the same rhetoric of Spanish state entities on crypto assets, saying that th...
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Top bidder at Ultraviolet NFT auction can collaborate with 3LAU on new music

Crypto influencer and DJ 3LAU has announced an upcoming series of NFTs to commemorate the third anniversary of his 2018 album, Ultraviolet. Famed musician, producer, and Cointelegraph Top 100 awardee 3LAU has announced an upcoming NFT auction celebrating the three-year anniversary of his 2018 album Ultraviolet . The highest bidder will be able to collaborate with 3LAU on a new track. 3LAU’s “Ultraviolet Vinyl NFT Collection” is scheduled to be auctioned over two days from Feb. 26 on Origin Protocol’s decentralized e-commerce platform, Dshop. Auction participants will have the chance to bid on 33 one-of-a-kind “Vinyl NFTs” that are redeemable for exclusive access to unreleased music, special edition vinyls, and unique fan experiences. Auction winners will also receive up to 11 bonus song NFTs featuring animations that were personally designed by 3LAU to accompany each track. The 33 special-edition physical vinyls the NFTs can be redeemed for feature art sleeves that are hand-sig...
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Crypto criminals got away with $5B less in 2020 as scam revenue falls

The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams. Revenue from crypto-related crime dropped by more than half in 2020 according to Chainalysis’ annual report on the subject. Cybercriminals netted around $5 billion less than the $10 billion plus they got away with in 2019, representing a 53% fall. Transactions involving illicit funds have decreased even more rapidly than the total volume of those funds, falling from 2.1% of all transactions analyzed in 2019 down to just 0.34% last year. Among the eight categories of transactions deemed “illicit” by Chainalysis, the dollar amount of crypto taken in by scams decreased the most, by 71% to $2.6B, largely due to the fact that 2019’s multi-billion dollar PlusToken scandal dwarfed anything seen in 2020 so far.  Overall crypto crime volume — including the proceeds of crime and the attempts to launder it — fell from above $20B in 2019 to...
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Polkadot Lays Out Its Plans for Parachain Rollout as the Token’s Price Climbs

The price of Polkadot’s native token hit an all-time high (ATH) this week, soaring above $30, as the company laid out the next steps of its plans and the systems to finalize the network launch. Polkadot Roadmap Outlines Layer 0 Deployment Initiatives Polkadot released a roadmap highlighting that it is currently in its Rococo phase, the first of three major phases until the network goes live. Here is a breakdown of the roadmap. Rococo Testnet Rollout Polkadot (DOT) plans to continue with its launch of parachains, also referred to as application-specific data structures. These parachains, just like with parathreads, are what will allow Polkadot to pair with other more established networks, such as Ethereum and Bitcoin, through a mechanism called Cross-Chain Message Passing-lite. Polkadot is still in the Rococo phase of testing its parachains. Once the code is evaluated and approved, we can expect to see Polkadot submit its vote via onchain governance to power the parachains and ...
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Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021

More than 70% of financial executives surveyed are closely watching what everyone else is doing with Bitcoin before they decide on investing their companies’ cash reserves in it. A small scale study of financial executives has found that 5% of companies intend to invest in Bitcoin ( BTC ) as a corporate asset this year, with a further 11% stating they could do so by 2024. The survey conducted by Gartner comes on the back of news that Tesla invested 8% , or $1.5 billion of its cash reserve, into Bitcoin. MicroStrategy Inc. who has also invested large sums into the token announced a $600 million convertible bond offering Tuesday with the intent of using the proceeds to acquire additional Bitcoins. The 77 respondents, including 50 CFOs among other executives, showed highly differing views based on the industry the company works in. The technology sector showed the most attraction towards Bitcoin with 50% of respondents from this industry anticipating holding the cryptocurrency in th...
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Mexican Companies Are Willing to Join the Bitcoin Bandwagon in the Wake of Tesla’s Investment, Says Expert

Bitcoin-buying frenzy among major companies could hit Mexican firms soon, as interest keeps increasing across the country. An expert is expecting that local businesses will follow the same path as mainstream U.S.-based companies such as Tesla. Current Bitcoin Performance Could Make Companies Rethink Their Business Models During an interview with El Economista , Mauricio Hurtado, managing partner of Price Waterhouse Cooper Mexico, says Mexican companies’ current appetite to acquire cryptos like bitcoin ( BTC ) is seeing bullish steam. Despite the uncertainties that cryptos have, current crypto market performances create enough confidence to rethink the current business model, said the expert. Hurtado added on the matter: This occurs because there is a significant number of players who are seeing in these currencies a transaction mechanism that is reliable and therefore, businesses adjust to market realities to prevail and have an advantage over their competitors; then you see an i...
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EU appoints major finserv firm to lead blockchain social media project

The initiative will assess 450 proposals aimed at boosting the integrity of social media posts with the help of blockchain technology over the next three years. The executive body of the European Union has appointed a major financial services firm to lead a three-year initiative aimed at boosting the integrity of social media posts using blockchain technology. Dubbed “TruBlo,” the project will oversee a wealth of blockchain development as part of the European Commission’s Next Generation Internet initiative. The French financial services firm, Worldline, has been appointed to lead TruBlo. Worldline was founded in 1970 and generated €2.3 billion ($2.8 billion) in revenue in 2019. An estimated 450 proposals will be assessed in the coming years as part of the initiative’s goal of “developing trust and reputation models on blockchain,” as reported by Finextra. It is expected that 45 of the proposals will receive partial funding, while nine will be funded to completion. TruBlo coordin...
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Settlement not in the cards in SEC vs. Ripple case

Both parties are currently not considering terms for a pretrial settlement. The changing of the guard at the United States Securities and Exchange Commission seems to have affected any possible pretrial settlement in the SEC’s case against Ripple. This conclusion was part of a joint discovery letter filed on Monday before Judge Analisa Torres of the U.S. District Court for the Southern District of New York. Commenting on the prospects of a pretrial settlement, the letter reads: “Counsel for the parties have met and conferred and, having previously discussed settlement, do not believe there is a prospect for settlement at this time. However, the parties will promptly notify the Court if any settlement in principle is reached as to any Defendant.” Apart from the issues concerning a possible settlement, the letter also included agreements between both parties for the conclusion of the discovery process no later than Aug. 16, 2021. The discovery letter also included plans by the SE...
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Elon Musk Urges Dogecoin Whales to Dump Their Coins — Even Offers to Pay Them

Tesla CEO Elon Musk believes that too many dogecoins are held by too few whales and has made them a huge offer. He will give his full support if they sell most of their coins, and will even pay actual money for them to destroy their coins in some provable fashion. Some believe that major dogecoin holders need to consider Musk’s offer for the long-term health of the meme cryptocurrency. Elon Musk’s Big Offer to Large Dogecoin Holders Elon Musk believes that dogecoin’s uneven concentration in the hands of a few holders is the only real issue with the meme cryptocurrency and has offered his help to solve the problem. The Spacex CEO tweeted Sunday: “If major dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo … I will literally pay actual $ if they just void their accounts.” At the time of writing, his original tweet got 24.7K comments and has been liked 297.9K times. His follow-up tweet got 6.4K comments and has be...
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Bitcoin futures break $50K: Why BTC price is primed for another leg up

The price of Bitcoin broke $50,000 on futures exchanges and several data points suggest the U.S. session could see the rally continue. The price of Bitcoin ( BTC ) surpassed $50,000 for the first time in history across major futures exchanges, including Binance Futures. However, on spot exchanges, like Coinbase and Binance, the price of Bitcoin rejected closely below $50,000. BTC/USD 1-hour candle chart (Binance Futures). Source: Tradingview Why more upside is likely On Feb. 16, the price of Bitcoin reached as high as $49,556 on Coinbase, marking its second attempt at breaking past the $50,000 resistance area. Shortly after hitting $49,556, BTC saw a steep pullback, declining by around 3.5% within several hours. CryptoQuant CEO Ki Young Ju explained that Bitcoin’s struggle to break past $50,000 is about “Coinbase whales (USD) vs. Stablecoin whales (USDT).” Coinbase premium index. Source: CryptoQuant Ki emphasized that there was a negative Coinbase premium at the time Bit...
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Russian Duma prepares bill on cryptocurrency taxation

The Russian State Duma will consider a new bill on cryptocurrency taxation on Feb. 17. Russian lawmakers are actively preparing new legislation for taxing cryptocurrencies like Bitcoin ( BTC ). According to an official announcement by the Russian State Duma, the Duma’s Committee on State Building and Legislation has approved a bill on cryptocurrency taxation on Feb. 15. The new bill represents a set of amendments to the Russian federal tax code. As part of the draft bill , the Russian government officially recognizes cryptocurrencies like Bitcoin as property, aiming to tax profits from crypto trading by Russian residents. The bill targets all domestic residents including citizens and foreigners, as well as Russian and international organizations established in the country. According to the bill, the listed entities will have to report their crypto transactions if a total amount of incoming or outgoing transactions exceeds 600,000 rubles ($8,100) on an annual basis. The bill esta...
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Battle of the whales as $50K Bitcoin hinges on 'Coinbase premium'

A negative premium implies that accumulation will last a little longer, meaning that $50,000 as support may have to wait too. Bitcoin ( BTC ) has already hit $50,000 on some exchanges but needs to get whales on its side to flip it to definitive support, data suggests. In a tweet on Feb. 16, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted the so-called "Coinbase premium" as one of the final hurdles for BTC/USD. Negative premium slows upward grind On Tuesday, a clear battle was emerging within Bitcoin trading as $50,000 stayed de facto out of reach for bulls. Analyzing the premium, which pits the Coinbase BTC/USD price against the Binance BTC/USDT pair, Ki argued that the until it neutralized, higher levels would remain unlikely. Coinbase premium vs. BTC/USD. Source: CryptoQuant Currently, the premium is negative, meaning that it is cheaper to buy Bitcoin on Coinbase. The result is that traders, and particularly whales, will continue to accumu...
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Russian mobile carriers consider smartphone integration for digital ruble

Russian wireless service providers MegaFon and Beeline proposed to link digital ruble wallets on smartphones to user's phone numbers. Major Russian mobile network operators like MegaFon and Beeline are considering how the digital ruble will function on their mobile devices.  According to a Feb. 16 report by local news agency Izvestia, Beeline and MegaFon proposed to set up smartphone wallets for Russia’s central bank digital currency. The carriers also suggested additional services like linking a digital wallet to a customer’s phone number. This would allow users to store digital rubles directly on their smartphones as well as transfer and pay with the digital currency using smart devices, a spokesperson for MegaFon said. According to Izvestia , both MegaFon and Beeline have been actively involved in digital ruble discussions with the Russian central bank. The companies’ representatives said: “We are interested in digital ruble aspects like maintaining wallets on smart devic...
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