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Showing posts from March 13, 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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Clever DeFi to Add Liquidity on Uniswap Following Minting Phase

PRESS RELEASE. CLEVER , a fully Decentralized Finance protocol, is set to bring added liquidity and extra value to its Ecosystem via the supported listing of its native CLVA token on popular decentralized exchange platform Uniswap. Uniswap Listing Next Phase for Clever Ecosystem The listing will occur on March 17 and marks the next phase in the roadmap of Clever DeFi. Clever DeFi just concluded its minting phase, which lasted for 30 days, where investors could purchase CLVA tokens at the lowest price available. The initial 30-day minting phase ended on March 3, 2021, at 12:00UTC, with users spending 726,50 ETH to mint 339,927 CLVA tokens. To achieve adequate liquidity pool pairing on Uniswap, an additional 152,967 CLVA was minted from the Clever Protocol, equating to 45% of the total mint existing. Clever DeFi will implement a strict liquidity schedule on listing to protect users and achieve more excellent price stability. The following schedule over the first 3 Cycles will init...
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Alchemix announces $4.9 million raise led by CMS, Alameda, and e-Girl Capital

Established VC firms join more atypical investment entities in positioning the young DeFi protocol for the future A fast riser in the decentralized finance (DeFi) world has announced a $4.9 million raise today led by major industry venture capital groups — as well as some unusual, upstart players.  Alchemix, a DeFi lending protocol whose loans automatically repay themselves via deposits into other yield-bearing protocols, announced on Discord today a $4.9 million raise led by ten investors including industry mainstays CMS Holdings and Alameda Research, as well as upstart crypto VC players such as eGirl Capital. Rounding out the investors are Immutable Capital, Nascent, Protoscale Capital, LedgerPrime, Fisher8 Capital, Orthogonal Trading, and one unidentified “individual.” Exiting news! The Alchemix team has successfully raised funds with amazing and exciting partners. Read the discord announcement here or in this exceedingly large screenshot. https://t.co/iKov18CZBS pic.twit...
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Bitcoin price rally to $61,800 shows BTC bulls are in full control

As Bitcoin price skyrocketed to a new all-time high above $61,800, altcoins like Decentraland rallied more than 90%. On March 13 bulls took full control of the crypto market as Bitcoin ( BTC ) price vaulted to a new all-time high at $61,844 after a high volume surge pushed the price through overhead resistance near $58,000.   Analysts had spent the week  calling for an eventual move above the $60,000 level and social metrics showed bullish sentiment for Bitcoin continued to increase as a number of companies and institutional investors announced plans to make BTC purchases.  BTC/USDT 4-hour chart. Source: TradingView Bitcoin now finds itself in the realm of price discovery as there is limited data available from a technical analysis standpoint to determine where the price may go next. One possible price target was highlighted in a recent report from Decentrader co-founder Philip Swift, who is now looking at the 1.618 fib extension ($70,000) as the next take...
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Valkyrie Hopes to Launch ‘Innovative Balance Sheet ETF’ Backed by Companies Exposed to Bitcoin

At the end of January, the Texas-based firm Valkyrie Digital Assets filed an exchange-traded fund (ETF) registration for the “Valkyrie Bitcoin Trust” with the U.S. Securities and Exchange Commission (SEC). This month, the cryptocurrency investment manager announced it has filed a prospectus for an ETF with the SEC based on companies that hold the leading crypto asset bitcoin. The Valkyrie Innovative Balance Sheet ETF Bitcoin (BTC) has grown quite a lot in value in 2021 and two months ago, Valkyrie Digital Assets joined the rest of the companies aiming to launch a U.S.-based bitcoin ETF. The struggle to approve a bitcoin ETF in the United States has been real, but the recent approval of three Canadian ETFs gives people hope. Now according to a recent registration statement from Valkyrie Digital Assets, the company plans to launch another ETF based on companies that hold bitcoin ( BTC ) in their treasuries. The ETF is quite similar to the filed prospectus with the SEC issued by t...
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NFT special! Beeple’s millions, Banksy profits, problems for Kings of Leon: Hodler’s Digest, March 7–13

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Beeple NFT auction closes at record-setting $69.3 million Theres plenty to discuss in the crypto markets, but this week, nonfungible tokens have stolen the limelight for multiple reasons. Digital artist Mike Winkelmann, also known as Beeple, has made history after his latest piece Everydays: The First 5000 Days sold for a whopping $69.3 million following an auction at Christies. Only two other living artists, Jeff Koons and David Hockney, have created more expensive works and as you might expect, this is the priciest NFT ever sold. Its a pretty special one at that. Everydays consists of 5,000 unique images, produced every day for 13-and-a-half years. The collage shows Beeples evolution as an artist...
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6 Questions for Harumi Urata-Thompson of Celsius

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Harumi Urata-Thompson, chief financial officer and chief investment officer of Celsius Harumi Urata-Thompson is the chief financial officer and chief investment officer of Celsius. Additionally, she is the founder of Hut Consulting and the former chief operating officer for the CFA Society New York, for which she completed a successful turnaround during her tenure. Urata-Thompson held multiple senior-level positions at Thomson Reuters and worked at Morgan Stanley and CitiGroup in investment banking. Her expertise is leading and advising organizations on taking innovative paths to achieve strategic, operational and marketing success. Among her busy work schedule, Harumi manages to find to speak on various topics of interest, including blockchain technology, cryptocurrency, cybersec...
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Sam Bankman-Fried’s FTX to purchase Miami Heat arena naming rights

Last purchased for $2 million per year, the naming rights will mark a crypto first among major American sports leagues According to a report yesterday from the Miami Herald, cryptocurrency exchange FTX is preparing to finalize a deal to sponsor the home of National Basketball Association team the Miami Heat — a move that will grant the exchange exclusive naming rights for the 19,600 arena.  “Miami-Dade County is getting closer to signing a cryptocurrency company to replace American Airlines as the naming-rights sponsor of the Miami Heat’s downtown arena, according to several sources — a deal that would deliver the NBA its first venue tied to bitcoin and other electronic currencies,” reads the report. The Herald also noted that “Internet breadcrumbs” point to FTX preparing for the move, with the registration of the “ftxarena.com” Internet domain, as well as purchasing FTXarena social media handles. Reports from 2019 indicate that the county was in the market for a new sponsor, ...
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Norway’s Fourth-Richest Man Invests in a Crypto Mining ASIC Manufacturer

According to regional reports, the Norwegian billionaire and hedge fund manager, Ole Andreas Halvorsen, is investing funds into an energy-reducing cryptocurrency mining chip hardware company. The company Norway’s fourth richest man is investing in claims to build application-specific integrated circuit (ASIC) mining chips that are allegedly 300%-500% more energy efficient than existing hardware. Norwegian Hedge Fund Giant Dips Into the Crypto Economy Norwegian news reports detail that the billionaire hedge fund manager Ole Andreas Halvorsen is dipping his toes into the cryptocurrency space. A report from Trijo explains that the hedge fund manager and cofounder of the Connecticut-based hedge fund, Viking Global Investors, is now investing in a cryptocurrency-focused firm called Harmonychain . Halvorsen is joining a number of well known luminary investors from the Norwegian region investing funds into the crypto sphere with investors like Kjell Inge Røkke, Bjørn Dæhlie, and Arne Fr...
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Trading Bitcoin options is less risky than futures but mind the premium!

Trading Bitcoin options can be a great way to access leverage while avoiding the liquidation risk presented by futures contracts but investors must keep an eye on the premiums. The most basic Bitcoin (BTC) options contracts involve buying a call which gives the holder the opportunity to acquire the asset at a fixed price on a set date. For this privilege, the buyer simply pays an upfront fee, known as a premium, to the contract seller. Although this is a great way to use leverage while avoiding the liquidation risk that comes from trading futures contracts, it comes at a cost. The options premium will rise during volatile markets, causing the trade to require even further price appreciation to generate a reasonable profit, so the premium is a metric investors must keep a close eye on. Bitcoin 3-day historical volatility. Source: buybitcoinworldwide.com Bitcoin’s daily volatility currently stands at 5.4%, which is far higher than S&P 500's 1.7%. This creates opportunities...
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'Digital archeology': long-dormant MoonCats project rides NFT mania to the moon

The second-ever nonfungible collectibles project on Ethereum sees new life As the profusion of new algorithmically-generated nonfungible token projects drives down the premium on digital rarity, digital history and being among the “firsts” has become a more reliable source of value. As a result, long-forgotten projects are being unearthed by on-chain sleuths, and yesterday they might have struck gold on their biggest find yet.  At 7 AM UTC March 12, Twitter user and NFT collector “ETHoard” posted a short thread on what may be the second-ever nonfungible collectibles project launched on Ethereum, MoonCats . While maybe not as eye pleasing as the recent #CryptoCats discovery, after that rush happened I started digging around and came across #MoonCatRescue . Inspired by Cryptopunks as well, and actually predates CryptoCats. /1 — ETHoard (@ETHoard) March 12, 2021 According to Etherscan, the MoonCatsRescue  contract is 1310 days old, first written to Ethereum on Aug 09 20...
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Survey Unveils 72% of US Accredited Investors Are Planning to Invest in Defi in 2021

A new survey revealed the latest trend among accredited investors in the United States, targeting the decentralized finance (defi) sphere. The study shows that a vast majority of them are likely to invest in defi this year. 70% of the Respondents Already Invested in Bitcoin According to Xangle , who surveyed 379 accredited investors, 67% of them have some knowledge about defi. Overall, such respondents claimed to have developed a significant interest in the cryptocurrency industry over the past year. But the higher interest goes beyond the respondents, as 72.2% of them stated they were “very likely to invest” in Defi in the next 12 months. Just 17.5% of the surveyed accredited investors are in the category of thinking that they’d be “somewhat likely to invest,” said the research. Moreover, the crypto asset disclosure platform found that respondents invest more now than before the coronavirus pandemic. Per the figures, 70% of the surveyed U.S. accredited investors have invested in...
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Analysts say $60K Bitcoin price signals BTC has ample ‘room to run’

Analysts say Bitcoin whale wallet accumulation and persistent dip-buying by institutional investors signal that BTC price has plenty of room to appreciate. Bitcoin ( BTC ) bulls finally mustered enough strength to push the top-ranked cryptocurrency through the $60,000 level and citing key on-chain metrics, analysts believe the bull run has a ways to go before reaching any considerable resistance. Since pushing back above $50,000 on March 9, every dip in Bitcoin price has been quickly purchased by institutional investors and the BTC balance of whales has also continued to grow over the past few months. BTC/USDT 4-hour chart. Source: TradingView What's next for Bitcoin price? A recent report from Ben Lilly, an analyst at Jarvis Labs, analyst Ben Lilly highlighted the “two steps forward, one step back” nature of Bitcoin’s price movements over the past week, noting that the rise in price was accompanied by “four drawbacks of 5%”. According to Lilly, Bitcoin's price action...
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Blockchain can stamp out fake news and rebuild trust in mass media

Blockchain technology implemented in the media industry will help to prevent fake news from spreading. Fact-checking agencies are in charge of verifying facts and claims in the news that may be distorted in the process of rewriting or for any political purposes. The news text may consist of truthful information written in a neutral format peculiar to the news, but one sentence may contain a false fact or claim whose origin is unknown. In addition, the state itself has begun to produce false information, as was the case with former U.S. President Donald Trump’s famous Twitter account. The main strength of fake news is the rapid speed with which it disseminates. While false information has always existed, the internet makes it worse every year. The high speed of fake news sharing has the potential to directly affect public relations and have serious political and economic consequences that are sometimes difficult to predict. This is not to mention that it has become difficult to trac...
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Bitcoin payday? Crypto to revolutionize job wages… or not

Speaking at a Chamber of Digital Commerce panel discussion in late February, City of Miami Mayor Francis Suarez noted that his citys employees, like others, are worried about the potential devaluation of the dollar, so he proposed to the Miami City Commission a resolution to allow our employees to take a percentage of their salaries in Bitcoin if they so desired. After all, notes Suarez, The highest-paid player in the National Football League Carolina Panthers offensive tackle Russell Okung wont be earning the most because hes the best player in the NFL but because he asked for 50% of his salary in Bitcoin. The mayors statement may have been a small bit exaggerated Okungs ranking as one of the highest-salaried NFL players at this moment depends on the price of Bitcoin ( BTC ), as NBC Sports noted in late February. Technically though, Okung gets paid 100% in U.S. dollars , then half is sent to a custody provider that converts it to BTC. But to Suarezs larger point, interest in a ...
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