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Showing posts from March 27, 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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Wife Leaves Husband After He Refused to Sell Bitcoin at $60K and Bought the Dip

Bitcoin prices surpassing the $60,000 milestone undoubtedly woke up a massive wave of joy across the crypto community. However, such an accomplishment didn’t bring happiness to a married couple, who split up after a dispute on whether to sell bitcoins at that price level or not. Wife Left the House to Stay With Her Sisters According to a post on Reddit , a user named “Parking_Meater” gave his particular testimony on how the bitcoin ( BTC ) bull-run ended up hurting his marriage. His wife left the house as he didn’t agree to sell the BTC when prices posted the new all-time high at that time. In fact, Parking_Meater was caught by his wife adding more money to his bitcoin position. He detailed how the marital situation worsened in a matter of minutes: She just left to go stay at her sisters. She is super mad that I didn’t sell at 60k and looks at the price often scolding me. I keep telling her we don’t need the money and have the cash. We live nice. However today she caught me buyi...
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Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official

Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial markets. Banks Already Cooperating According to a Russian news site , Regnum, the anti-money laundering body is already getting cooperation from banks. “Banks have already begun to pay attention to exchange operations, that is, when they see that an operation has come after the exchange of virtual assets for hard currency, they have already begun to evaluate them and actually inform us about these operations,” said Neglyad. Also, the Rosfinmonitoring official adds that his organization, alongside the country’s central bank will introduce “a separate code, distinguishing a separate group of such suspicious transactions, that is, to further orient traditional financial institutions to this ...
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Oaktree Capital Founder Howard Marks Changes His Mind About Bitcoin as Demand Soars and Price Jumps 10x

Oaktree Capital’s Howard Marks has warmed up to bitcoin. He admitted that he had a knee-jerk reaction to the cryptocurrency and dismissed it too soon. Since then, the price of bitcoin has risen tenfold as demand for the cryptocurrency soars among retail and institutional investors. Howard Marks Changes Stance on Bitcoin Howard Marks, co-founder and co-chairman of Oaktree Capital Management, talked about bitcoin during an interview with CNBC last week. As institutional investors become increasingly interested in bitcoin and major companies have announced their investments in the cryptocurrency, Marks said: “I’m opening my mind on bitcoin. I was ‘knee-jerk’ skeptical.” He clarified: While bitcoin doesn’t have an intrinsic value, the same can be said of the dollar and many, many other things that have value like paintings and diamonds. I’ve been more sensitized to the supply-demand case. The Oaktree Capital founder similarly told The Korea Economic Daily on March 15 that back in 2...
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eGirls in the C-Suite: The ‘simposium’ storming crypto venture capital

What do you get when you cross a cat, a Pokemon, and an Iron Age warrior? A venture capital fund, of course! One of the toughest puzzles in crypto is figuring out what to take seriously.  On Friday, the DeFi Alliance — a decentralized finance startup incubator and accelerator — announced a list of 11 new members. Some were predictable, such as oracle provider Chainlink and VC stalwart Blockchain Capital, but one name stood out in particular: eGirl Capital, the social media menace and upstart venture capital outfit inspired by a horned-up Internet subculture . The announcement prompted an industry-wide heavy sigh and rubbing of the eyes: So @egirl_capital has joined the @defialliance what timeline is this lol. https://t.co/UWbsemV94t — Qiao Wang (@QwQiao) March 26, 2021 eGirl members, such as Degen Spartan , are known just as much for their cogent analysis of crypto’s notoriously complex markets as they are for posting nothing but animated porn for weeks at a time. One me...
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Billionaire Hedge Fund Manager Ray Dalio Says Government Outlawing Bitcoin Is ‘a Good Probability’

The Bridgewater Associates co-founder and chief investment officer, Ray Dalio, says that there is a good probability that the government will outlaw bitcoin in the same way gold was outlawed in the U.S. in the 1930s. Ray Dalio Thinks Governments Can Outlaw Bitcoin Ray Dalio shared his view on whether the government could outlaw bitcoin in an interview with Yahoo Finance Wednesday. He is the co-founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm. His clients include endowments, governments, foundations, pensions, and sovereign wealth funds. Dalio believes that bitcoin may suffer a similar fate as gold did in the U.S. during the 1930s. “Like back in the ’30s in the war years … cash and bonds were such bad investments relative to other things, there was the movement to those other things still, and then the government outlawed them … They outlawed gold,” he recalled, elaborating: That’s why also outlawing bitcoin is a good probability....
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Professional Call of Duty League Gamer to Launch eSports NFT

PRESS RELEASE. 27th March 2021, Al Murar, Dubai – Diamondcon is one of the fastest rising Call of Duty league players in the world, and part of the Subliners eSports team . He is the first ever professional eSports player to introduce an NFT into the ever-growing community of FPS gaming. Having established a considerable following on Twitch and Twitter, his followers will soon be able to purchase an NFT of Diamondcon and claim bragging rights to that 200 IQ game clip. Coming soon 👀 pic.twitter.com/FpGXtQ24rw — NYSL Diamondcon (@Diamondcon_) March 19, 2021 NFTs: Hot off the Press Gamers spend loads of cash on skins, game passes and in-game purchases, yet they never owned any of them. NFTs will be the change that revolutionizes the gaming industry. Money spent in gaming will no longer be a bad investment. No one knew about NFTs a year ago, and now it’s the new craze. Remember when they said that streaming will never be a career? Look where the industry is now. The Diamond...
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3 reasons why Enjin (ENJ) price has rallied 800% over the last month

New partnerships, the growing popularity of NFT art and the upcoming launch of JumpNet are just a few reasons why Enjin has rallied more than 800%. Nonfungible tokens (NFTs) have taken the world by storm as stories of record-breaking digital art sales now regularly appear on mainstream news outlets and popular culture.  One project that has been well-positioned for years to capitalize on this growing trend is Enjin Coin (ENJ), whose co-founder Witek Radomski was also involved in the development of the ERC-1155 token standard, which enabled the creation of NFTs on the Ethereum ( ETH ) network. Data from Cointelegraph Markets and TradingView shows that the price of ENJ has risen by 800% in the past month, going from a low of $0.34 on Feb. 23 to a new all-time high of $3.09 on March 15 thanks to a continuous surge in trading volume. ENJ/USDT 4-hour chart. Source: TradingView Three reasons for the explosive growth for Enjin include the announcement of its Ethereum scaling so...
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$400K Bitcoin predicted this year, NFT warning, Instagram influencer in trouble: Hodler’s Digest, March 21–27

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 Stock-to-flow creator doesnt think Bitcoins bull market is done Bitcoins price seems to have stalled below $60,000 after surging to all-time highs earlier in March. But on the bright side, Fridays $6-billion expiration of options a record-breaking sum didnt deliver the slump that some were dreading. The ever-optimistic PlanB says that we are nowhere near the end of the bull run, tweeting: Bitcoin is just getting started. YouTuber and derivatives trader Tone Vays also believes the best is yet to come, telling Cointelegraph: While it is still possible for Bitcoin to make a lower low for the month in the $48,000 range, I believe we will go up to above $70,000 before June. In recent days, BTC plu...
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Former US Director of cybersecurity: Crypto ransomware ‘running wild’

Ransomware is something the "average American" is worried about, says former cybersecurity top dog Chris Krebs Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.”  In an interview on Late Night with Bill Maher , Maher asked the former U.S. Cybersecurity & Infrastructure Security Agency director about his thoughts on Bitcoin. “What’s gonna happen with Bitcoin? Where do you see that going? That’s in sort of your area, I see it bringing down civilization, but maybe I’m being anti-intellectual,” said Maher. “Cryptocurrency is, as I see it, is one of the single enabling factors that has allowed cyber-criminals to deploy a massive amount of ransomware across our state and local agencies,” said Krebs. “It’s the anonymous payments, the ability to pay anonymously. And I think that is the cy...
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Instagram Influencer Charged for Allegedly Stealing Millions of Dollars in Bitcoin From Followers

A popular Instagram personality has been charged in the U.S., accused of stealing bitcoins worth millions of dollars from his followers. He allegedly convinced the “victims to sell him their bitcoin at attractive, but inflated, values” but he never wired them the money for the coins sent to him. Instagram Influencer’s Bitcoin Scam The U.S. Department of Justice (DOJ) announced Wednesday that a popular Instagram personality known as “Jay Mazini” has been charged with wire fraud related to a bitcoin scam. The Justice Department wrote: A complaint was filed in federal court in Brooklyn yesterday charging Jegara Igbara, also known as ‘Jay Mazini,’ with wire fraud related to a scheme in which the defendant allegedly induced victims to send him bitcoin by falsely claiming to have sent wire transfers of cash in exchange for the bitcoin. The DOJ explained that “In reality, Igbara never sent the money, and stole at least $2.5 million worth of bitcoin from victims.” Acting U.S. Attorney ...
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WINk (WIN) soars as retail DeFi investors flee high Etheruem gas costs

WINk’s low-cost yield farming offerings are attracting retail DeFi investors who have been priced out of Uniswap due to high Ethereum gas costs. Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 'summer of DeFi' as the primary catalyst for the rallies seen in Ether ( ETH )  and Bitcoin (BTC).  In the beginning, investors were able to easily secure 4-digit annual percentage yield (APY) on an almost endless number of attractively priced assets on Uniswap but the increased activity on the Etheruem network eventually led to unsustainable spikes in gas fees and serious network congestion. These skyrocketing gas fees have priced out the average retail investor from participating in even the simplest protocol interactions like token approval or staking. The current Etheruem proposals do not provide an immediate solution to these issues and this has motivated investors to look for non-Ethereum-based networks that of...
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Hut 8 Purchases $30M Worth of Nvidia’s GPU Miners, Looks to Push Capacity to 1,600 Gigahash

On Friday, the publicly listed firm Hut 8 announced the purchase of $30 million worth of Nvidia’s dedicated crypto mining GPUs called the Cryptocurrency Mining Processor (CMP). Nvidia CMPs mine the crypto asset ethereum and Hut 8 expects its aggregate operational power will be 1,600 gigahash. Hut 8 Purchases $30 Million Worth of Nvidia’s Dedicated GPU Miners On the heels of joining Foundry’s U.S. bitcoin mining pool, the firm Hut 8 Mining (TSX: HUT) revealed it has purchased $30 million worth of Nvidia CMPs. The Nvidia CMP HX product is described as a “dedicated GPU for professional mining.” Nvidia’s web portal also details that the miner supports mining on the Ethereum (ETH) network and claims to be optimized for high performance. Nvidia CMPs offer four different versions which include the 30HX, 40HX, 50HX, and 90HX. The top Nvidia CMP claims to obtain 86 MH/s while the low-end version does around 26 MH/s. Hut 8 details that with the purchase of the new Nvidia CMPs, the comp...
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Recur raises $5 million for perpetual cross-platform NFT royalties

A seed round in a new NFT platform is a promising step towards universal NFT royalties Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties? NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others. The raise claims a number of notable superlatives, including the first seed investment in the NFT ecosystem from industry veteran Gary Vaynerch, as well as the largest seed round ever for a NFT project (Dapper Labs has raised many multiples more money over its three year fundraising history, but largely in Series A rounds). Currently there are a number of platforms that allow NFTs to impart royalties to artists after every secondary market sale, including Foundation, Zora, and Euler Beats developer Treum. Recur’s key innovation will be a ERC token standard that will allow royalties to function regardless of platform. “RECUR’s technical ...
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Rise of the exchange token: From utility coin to long-term investment?

Cryptocurrency exchange tokens have seen major gains, but has this changed their original use case to become a good investment for hodlers? Native exchange tokens have exploded in value in recent months, alongside the wider cryptocurrency markets, changing the narrative for what these tokens were originally meant for. Bitcoin ( BTC ), Ether ( ETH ) and other cryptocurrencies have seen exponential growth over the past six months. In part, this is due to major institutional investors finally entering the markets in a meaningful way. Grayscale Investments, MicroStrategy and Tesla have been some of the biggest names to make major acquisitions of Bitcoin and other cryptocurrencies, leading to new all-time highs in values. This has had a knock-on effect for various tokens that either power cryptocurrency exchanges, or — like Ethereum’s gas charges for processing transactions — act as the fuel for the underlying blockchain. Exchanges that use their own tokens to power their ecosystems ...
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