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Showing posts from April 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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100 fascinating facts about crypto’s last 100 days

A $100 investment into DOGE 100 days ago would now be worth $2,742, while the same investment into BTC would be worth $130 today. Ethereum’s hash-rate has increased at 4.5 times BTC's this year. Crypto data aggregator CoinMetrics has compiled a list of 100 insights into the recent performance of the digital asset markets — and the figures add up to a very bullish picture for the ecosystem.  Released to celebrate the 100th issue of its State of the Network report, the list notes that a $100 investment made into Dogecoin 100 days ago would be worth $2,742 today — outperforming the same $100 investment in Bitcoin (which would be valued at $135 today), Ethereum ($186), and Uniswap ($401). Price performance of BTC, ETH, UNI, and DOGE over past 100 days: CoinMetrics The report states that Bitcoin has seen $14.5 billion worth of “ trusted trading volume ” in 100 days, alongside $6.1 billion worth Ether, $2.4 billion worth of XRP, $2.3 billion worth of DOGE, and $1.3 billion worth...
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Antier Solutions Aces NFT Development Services: Giving More Bang for the Buck

PRESS RELEASE. The propelling demand for NFTs doesn’t look like slowing anytime soon and India’s Antier Solutions is all prepared to ride the tide. As one of the earliest entrants into the business, the blockchain development company has marked an impressive feat in a short time. With a comprehensive portfolio of NFT development solutions, the company is backing start-ups and corporates to launch their tokens, wallets and exchanges all over the world. “Non-fungible tokens – popularly known as NFTs – have sparked a new wave of innovation. They represent a new age of provenance and wealth creation. Our comprehensive NFT development solutions aim to empower businesses and individuals to ride this wave and capitalize on the NFT opportunity.”, said Vikram R. Singh – CEO of Antier Solutions. For Antier, non fungible token development is an opportunity to serve the highly underrated industry of collectibles and digital arts mostly led by artists. Apart from that, the company excels...
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Ethiopia Links up With Cardano Creator to Launch the Country’s Biggest Blockchain Deployment Yet

Reports from Ethiopia say the government has enlisted the services of software company IOHK in its bid to launch the country’s biggest blockchain deployment to date. As part of the agreement, the Cardano protocol creator will be tasked with the job of creating a blockchain-based national student and teacher identification system. High Praise for the Initiative According to the government, this project is initially expected to involve more than five million Ethiopian students. Meanwhile, this link-up between these two parties has been hailed by both the Ethiopian government and IOHK. For instance, in his comments on the deal, Education Minister Getahun Mekuria, praised the project saying this would “make the nation’s education provision more dynamic.” The Minister added: We believe blockchain offers a key opportunity to end digital exclusion and widen access to higher education and employment. For his part, IOHK African Operations Director, John O’Connor, argued that this deploym...
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Nifty News: Ellen's NFT auction flops, Oscars controversy, Kayne's $1.8M sneakers, and more

The Golden State Warriors put the 'Legacy Collection' up for auction on OpenSea, the world's most expensive sneakers are fractionalized, and a Chadwick Boseman NFT is roundly criticized. The much-hyped NFT sale by popular talk show host Ellen Degeneres has fallen flat, with the comedian selling just five out of ten available Gold editions of her “Woman With Stick Cat" NFT for $2,500 on the Bitski platform . Sixty-four other people paid $100 each for an open Silver edition of the same NFT. The drawing appears to have been created with minimal effort in a bid to satirize the notion that any old celebrity-peddled junk will sell as an NFT . A Platinum video monologue about NFTs by Ellen fetched the highest price — $14,555. In total, the sale has raised just $30,955 for the World Central Kitchen food relief charity — even after being promoted on her nationwide talk show and to her 79M followers on Twitter. But perhaps it was just the wrong audience. While there was a b...
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21% of Muscovites think crypto and digital currencies will replace fiat in ten years

According to a recent poll, 14% of Russians think crypto will replace fiat in 10 years, while 39% think it's impossible to give up cash. New research from one of the top 10 major banks in Russia, Otkritie Bank, has found that 14% of Russians think crypto will replace fiat in 10 years. According to Russian publication Nord News, the survey was conducted between April 12 and April 16, with a sample base of 1000 Russians aged between 18 to 65 who live in cities with a population of over 100,000. The results varied between regions, with respondents from the Northwest having the least faith in crypto — just 8% believe crypto will oust fiat in a decade, while 34% adamantly refuse to believe that crypto could replace fiat currencies for any use case. But in Moscow, there appears to be more optimism towards crypto, with 21% of respondents believing that cash will be replaced by crypto and digital currency in the next decade. Furthermore, four out of ten believe banks will transform t...
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Goldman Sachs identifies 19 crypto stocks that massively outperformed the S&P 500

Companies that have made big Bitcoin investments have performed 3X better on average. Wall Street banking giant Goldman Sachs has identified an emerging cluster of crypto-related stocks that are performing much better than the index itself. In a note to investors on Tuesday, April 27, analysts at the investment bank highlighted 19 U.S. stocks that had a market capitalization of more than $1 billion and close ties to the cryptocurrency and blockchain industry. Goldman’s investment gurus stated that many of these stocks have “dramatically outperformed” the broader stock market, with the firms averaging a return of 43% this year, which is more than three times the 13% that the S&P 500 has gained over the same period. The leading two stocks were crypto mining companies Marathon Digital Holdings and Riot Blockchain with gains of 218% and 151% year to date respectively . Tesla has also had a solid year with the stock reaching an all-time high of $883 in January a couple of weeks be...
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Japanese gaming giant Nexon invests $100M into Bitcoin

The online games and virtual world creator has snapped up 1,717 Bitcoin for $58,226 each as it believes the cryptocurrency offers “long-term stability and liquidity.” Major Japanese game developer Nexon has become the latest publicly-listed firm to make a significant investment into Bitcoin. On April 28, Nexon announced it had purchased 1,717 BTC for roughly $100 million at an average price of $58,226 each after fees. The firm noted the investment represents less than 2% of its “total cash and cash equivalents on hand.” Owen Mahoney, Nexon’s president and CEO, stated: “Our purchase of Bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets. In the current economic environment, we believe Bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.” Mahoney added that Bitcoin is a “form of cash likely to retain its value, even if it is not yet widely re...
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Stock Trader Dave Portnoy Dumps All His Dogecoins to Buy Bitcoin

After vowing to never buy bitcoin again, stock trader Dave Portnoy has sold all of his dogecoins, which he bought when the price was at a record high, to buy one bitcoin. Having been called “paper hands,” Portnoy now says will never sell his one bitcoin. Dave Portnoy Now a Proud Bitcoin Owner American day trader and founder of Barstool Sports blog, Dave Portnoy, has finally bought bitcoin. He posted a video on Twitter Monday revealing: “I did buy one bitcoin when it was at $48,000. That’s all I can afford.” He tweeted: I am the proud owner of 1 bitcoin. After learning that Elon Musk’s Tesla sold some of its bitcoins, Portnoy said he will not sell his BTC . “I am holding 100% of my bitcoin,” he emphasized. He then said on Tuesday that his bitcoin is up from the price he bought it at, stating, “I’m way up on it since I bought it.” He also started calling himself “the barron of bitcoin.” Regarding his mini dialogue with Elon Musk about Tesla selling some of its bitcoins, Portnoy...
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Ethereum on a high after European Investment Bank’s $121M digital bond news

ETH prices have cranked 7% over the past 24 hours, outperforming big brother. Ethereum prices skyrocketed to a new all-time high on Wednesday on the back of positive news from the European Investment Bank. Ethereum has climbed to $2,709 during early Asian trading on Wednesday, April 28, marking a new peak price for the asset according to Coingecko. The crypto metrics provider reports a gain of 7% over the past 24 hours, and 15.7% over the past seven days for the world’s second-largest digital asset by market capitalization. The move has pushed the ETH market cap to a record $312 billion. While there are a range of factors propelling the Ether price, Reuters today attributed it to the news the European Investment Bank is launching a “digital bond” sale using the Ethereum network. The EIB is issuing a two-year 100 million Euro ($US120.8 million) digital bond, with the sale to be led by Goldman Sachs, Banco Santander, and Societe Generale, according to analysts at Bloomberg. Eur...
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Paypal CEO Says Demand for Cryptocurrencies Is ‘Multiple-Fold’ of Initial Expectations

The CEO of payments giant Paypal, Dan Schulman, has revealed that the demand for cryptocurrencies has been “multiple-fold” of his company’s initial expectations. Paypal’s Venmo recently began rolling out cryptocurrency features to enable Venmo users to buy, sell and hold cryptocurrencies, including bitcoin. Demand for Cryptocurrencies Exceeds Paypal’s Expectations Paypal CEO Dan Schulman talked about cryptocurrency, particularly bitcoin, in an interview with Time Magazine, published Sunday. Paypal is present in more than 200 countries and deals in more than 100 currencies. Last year, the company processed 15.4 billion payments, with a value of $936 billion. The company has about 30 million merchants in its network. Schulman began by sharing his story of how he used Paypal’s crypto service to buy boots and paid for them with bitcoin. Noting that it only took a few clicks and a few seconds to buy with the cryptocurrency, he said that “It was pretty cool.” A big initiative of his comp...
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Time Magazine names two crypto firms in Top 100 'most influential companies' list

Digital Currency Group and Coinbase have made Time Magazine’s 2021 top 100 most influential companies list. Time Magazine continues to warm up to crypto, naming Digital Currency Group and Coinbase in the magazine’s 2021 Top 100 Most Influential Companies list. P ublished on April 27, the Top 100 emphasized the impact the two crypto giants have made over the past 12 months. The list consisted of four different categories — Pioneers, Leaders, Innovators and Disrupters. Digital Currency Group was categorized as a Disrupter alongside other big names such as Tesla, Huawei, Shopify and Clubhouse. Time noted that the DCG is “demystifying crypto for investors” through its subsidiaries, asset manager Grayscale and crypto news website CoinDesk. As of today Grayscale has $45.5 billion total assets under management, or AUM: “In January 2020, Grayscale’s Bitcoin Trust became the first financial product backed entirely by digital currency to report to the Securities and Exchange Commission—o...
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Elon Musk Confirms He Owns Bitcoin, Has Not Sold Any — Tesla Intends to Hold BTC Long Term, Sold Some to Prove Liquidity

Tesla CEO Elon Musk has confirmed that he owns bitcoin and has not sold any of his holdings. His company Tesla, however, has sold some of its bitcoins, which Musk says it’s “essentially to prove liquidity of bitcoin.” Tesla’s Master of Coin says the company believes in the value of bitcoin and will keep holding the cryptocurrency long term as well as accumulating from car sales. Tesla Sold 10% of Its Bitcoin Holdings, Made $272 Million Elon Musk’s electric car company, Tesla, announced its first-quarter earnings results on Monday. Prior to the earnings call, bitcoiners were hoping to hear how many more bitcoins Tesla had purchased since its original investment of $1.5 billion early this year. However, Tesla revealed that it actually sold some BTC during the quarter. Zachary Kirkhorn, Tesla’s chief financial officer whose title was changed to Master of Coin , said during the earnings call: We also invested $1.5 billion in bitcoin during the quarter, then trimmed our position by ...
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Possible Bitcoin treasury adoption as more companies cite inflation concerns

Bitcoin is likely a topic of conversation among the treasury department of many U.S. companies amid rising inflation. No fewer than 47 companies have cited the term “inflation” in their earnings calls for Q1 2021. According to a report by financial market data provider FactSet on Monday, the figure represents the highest number of companies to do so in the last decade. Earlier in April, the United States Bureau of Labor Statistics released its “Producer Price Index” report showing a 4.2% year-on-year increase in PPI, the highest since September 2011. While Federal Reserve chairman Jerome Powell continues to argue that current inflation and consumer price index numbers are only temporary, there is a counter-argument that businesses will move to transfer the burden of greater production costs to their consumers. Meanwhile, companies may also be seeking ways to protect their cash reserves from U.S. dollar debasement following the nearly $6 trillion in stimulus money poured into th...
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Algorithmic Stability: How FRAX Is Developing the Future of Stablecoins

Part-collateralized, part-algorithmically stabilized stablecoin, FRAX is the world’s first fractional-algorithmic stablecoin. The Frax protocol is ideologically pure, extremely stable, and highly scalable on-chain money that consists of a two-token system. The stablecoin Frax (FRAX), and the governance token Frax Shares (FXS). As Cryptocurrencies Rise so Too Stablecoins Amongst economical uncertainty and global financial instability, cryptocurrencies have been evolving rapidly. Cast aside as ‘fake’ online money by the masses for years, the canyon between fiat and crypto was stark until stablecoins began to bridge the gap. Paired directly to fiat currency prices, stablecoins have provided the much-needed stability required for many merchants, global institutions, and countries to participate in the crypto space. As the demand for cryptocurrencies continues to rise, so too does the demand for stablecoins and their development. This is evidenced by the current stablecoin market capita...
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Binance crypto exchange to launch its own NFT platform

Launching in June, Binance’s new NFT platform and marketplace will share the same account system as Binance.com. Binance, the world’s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace. The company announced Monday the upcoming launch of Binance NFT, a new NFT platform that is expected to start operating in June 2021.  Based on Binance’s blockchain infrastructure, Binance NFT aims to provide minimum NFT transaction costs, Binance NFT head Helen Hai said. The new NFT marketplace and offerings will be available to all existing Binance users as Binance NFT will share the same account system as Binance.com. According to the announcement, Binance NFT will debut with two main venues including a “Trading Market” allowing everyday users to create NFTs, with Binance charging a 1% processing fee. A “Premium Event” category will target exclusive collaborations and curated collections, with artists receiving 90...
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Market Update: Bitcoin Bulls Bounce Back, Dogecoin Slumps, XRP Jumps 18%

Digital currency markets have been regaining some of the losses felt last week as the entire crypto-economy has jumped back over the $2 trillion valuation mark. Bitcoin has risen above the $55k zone, while other digital assets have seen more precipitous gains. Out of the top ten leading crypto assets on Tuesday, XRP and UNI have amassed double-digit percentage gains during the morning trading sessions. Crypto Markets Rebound Bitcoin and a number of crypto assets have been doing much better during the first couple of days this week in comparison to last week’s losses. Currently, bitcoin ( BTC ) is swapping for $55,178 per unit and is up 2.9% during the last 24 hours. Seven-day stats show BTC is still down a touch over 1.3%. Top five digital asset markets on Tuesday, April 27, 2021, at 8:00 a.m. EST. Tuesday’s data shows that bitcoin ( BTC ) markets have around $20 billion to $51.70 billion in global trade volume, while messari.io stats show “real volume” could be around $9.16 b...
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