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Showing posts from June 14, 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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Argentinian National Soccer Selection Launched Its Official Token

The Argentinian National Soccer Selection launched its official token last week, with a great reception. The token that would give fans involvement in the decisions regarding the soccer team, sold out quickly. The Argentinian National Soccer Selection is the first national team to launch its own fan token. Nonetheless, other European clubs already have their fan tokens. The Argentinian National Soccer Selection Launched Its Official Token The Argentinian National Soccer Selection, one of the most popular teams worldwide, launched its fan token last week. The token, launched in partnership with the platform Socios.com, will allow fans to have involvement in some decisions involving the team. According to a blog post from the AFA, the Argentinian Soccer Association, fans will: “Have the possibility of taking part in surveys, discounts, exclusive promotions, and unique experiences, which will only be intended for those who own these digital currencies.” The launch was a success, ...
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$1.3M worth of BTC donated to Bitcoin-hodling charity in less than 3 weeks

The Bitcoin Water Trust has already received more than $1.3 million worth of BTC donations despite launching just three weeks ago. New York-based non-profit, Charity: water, has received more than $1 million in BTC donations to its Bitcoin Water Trust within three weeks of the trust's launch. The Bitcoin Water Trust was announced during the 2021 Bitcoin conference in Miami . The initiative attracted attention for its “HODL MODL” treasury management strategy — with the non-profit accepting donations in Bitcoin that it will not touch until 2025. According to the charity’s website, a total of 32.5949 BTC has been donated so far, which equates to more than $1.3 million at current prices. The charity is hoping to leverage the hypothetical gains Bitcoin could make over the coming years. A June 14 blog post from U.S.-based crypto exchange Gemini — which is providing crypto custody services for the trust — asserts that donations received by the charity today could have a much larger...
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Introducing HUMAN Protocol: A New Way for Humans and Machines to Securely Connect and Collaborate

HUMAN Protocol is an infrastructure to reshape how humans work, by supporting distributed job markets in which any job, of any size or type, can be securely tokenized, published, and completed. The Protocol facilitates direct, globally mapped connections that bring workers closer to the rewards of their work, organizations to workforces, and machines to understanding. HUMAN Protocol also provides the tools for better human-to-machine collaboration; within the job markets it supports, AIs can handle repetitive tasks while humans focus on specialized or creatively challenging tasks. HUMAN’s vision is to create a more human world: disintermediated yet connected, with every viewpoint and background accounted for and represented, in which all value produced is rewarded. Distributed Job Markets To improve a digital world, you must address its foundations : the mechanisms and systems through which people connect, interact, and collaborate. HUMAN enables distributed job markets, but it i...
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Miami real estate firm accepts crypto deposits for condos after conference

Driven by momentum from the Miami Bitcoin event, luxury condo development E11EVEN Hotel and Residences has already secured its first crypto deposit. Miami-based E11EVEN Hotel and Residences is claiming to be the first real estate company to allow deposits for property purchases in the form of cryptocurrency. Speaking to Fox Business, company and condominium project co-founder, Marc Roberts, stated the enthusiasm for crypto has been “really astounding”. Roberts noted that local interest in crypto assets had piqued amid the recent Bitcoin Miami conference — which took place earlier this month and drew crowds of approximately 50,000 according to its organizers. He noted there has been a “tremendous response” to E11EVEN's announced support for crypto, adding it had already collected its first deposit in crypto before officially announcing it would accept digital assets. Roberts added that E11EVEN is now roughly one month away from collecting its second crypto deposit, predictin...
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Pension provider partners with Coinbase to offer 5% exposure to crypto

Pension funds are looking to crypto investments despite the recent market sell-off. United States-based retirement plan provider, ForUsAll, is joining forces with Coinbase to allow clients to invest up to 5% of their portfolio assets in cryptocurrencies. The pension provider, which primarily serves small-to-medium-sized businesses, is working to offer exposure to more than 50 cryptocurrencies in a product called Alt 401(k). The firm’s co-founder and chief investment officer, David Ramirez, acknowledged concerns regarding offering crypto products in pension portfolios due to their volatility, but argued that U.S. citizens will be at a “disadvantage” if they are not given the option of accessing crypto assets in their retirement plans: “The average American may be at a structural disadvantage relative to large institutions and high net worth individuals, and we just don’t think that’s right.” ForUsAll handles $1.7 billion in retirement plan assets, which accounts for a small porti...
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Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law

A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin. More Countries Eye Bitcoin Adoption After El Salvador passed the bill making bitcoin legal tender alongside the U.S. dollar, a growing number of lawmakers in neighboring countries have either expressed their interest in making a similar move or put laser eyes on their Twitter profile pictures. The laser eyes meme has swept through the bitcoin community since February with the underlying meaning that anyone donning the eyes is laser-focused on bitcoin’s price rising to $100,000. Politicians, celebrities, and investors have partaken and put laser eyes on their profile images. Gabriel Silva, Member of Parliament in Panama, tweeted congratulating El Salvador when the bitcoin law...
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Nifty News: Porsche enters NFT sector, Mark Cuban keeps investing, and Chainlink-powered NFTs

Porsche announces NFT subsidiary, Chainlink oracles unlock special NFT content, and Mark Cuban continues to invest millions into companies targeting nonfungibles. Porsche unveils NFT subsidiary German sports car giant Porsche has drifted into the nonfungible token (NFT) market, with a June 14 announcement revealing the launch of an NFT collectible startup dubbed Fanzone. However, the car manufacturer will not be looking to tokenize its luxury vehicles at this stage, instead opting to focus on soccer-themed NFT collectibles. Fanzone, which was built from Porsche’s digital subsidiary Forward 31, has already inked partnerships with the German national men’s, women’s, and under 21 football teams. Fanzone also has a deal with the third tier of Germany's local professional league and intends to expand support to additional soccer leagues and other sporting codes in the future. German national team NFTs: Fanzone The NFTs will be ERC-20 tokens issued via the Lukso blockchain — wh...
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Billionaire Paul Tudor Jones Says ‘I Like Bitcoin’ — Will Go All in on Inflation Trades if Fed Says ‘Things Are Good’

Billionaire hedge fund manager Paul Tudor Jones says he likes bitcoin. Noting that he can trust math, the famed hedge fund manager said, “bitcoin has appealed to me because it’s a way for me to invest in certainty.” Jones also shared his investment strategies in response to the Fed’s policy. Paul Tudor Jones on Bitcoin, Fed Policy, Inflation Paul Tudor Jones, the founder of asset management firm Tudor Investment Corp., explained to CNBC Monday why he likes bitcoin. He described: I like bitcoin. Bitcoin is math and math has been around for thousands of years. 2+2 is going to equal 4 and it will for the next 2,000 years. So, I like the idea of investing in something that’s reliable, consistent, honest, and 100% certain. So, bitcoin has appealed to me because it’s a way for me to invest in certainty. “I look at the difference between the Fed in 2013 and Fed of 2021 … I look at the difference between Trump and Biden,” Jones noted. “Do I want to have faith and that same reliability a...
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Goldman Sachs Expands Cryptocurrency Trading Desk With Ether Futures and Options

Investment bank Goldman Sachs has reportedly unveiled its plans to expand its cryptocurrency desk to offer ether futures and options trading. The bank says “institutional adoption will continue,” noting that “Despite the material price correction, we continue to see a significant amount of interest in this space.” Goldman Sachs Gets Ready to Offer Ether Futures and Options Trading Goldman Sachs’ head of digital assets, Mathew McDermott, has reportedly revealed that the global investment bank plans to offer futures and options trading in ether ( ETH ) in the coming months, Bloomberg reported Monday. McDermott said in a phone interview with the publication Thursday: We’ve actually seen a lot of interest from clients who are eager to trade as they find these levels as a slightly more palatable entry point. We see it as a cleansing exercise to reduce some of the leverage and the excess in the system, especially from a retail perspective. The executive additionally said that Goldman...
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Bitcoin derivatives data shows pro traders ignored today’s $41K pump

Bitcoin price may have pumped 10% to $41,000 but derivatives indicators show top traders aren’t feeling so bullish. Sometimes all Bitcoin ( BTC ) needs to pump 10% is a positive remark from someone like Elon Musk. The Tesla CEO has been pointed to as the culprit for the recent downturn after the company’s May 12 announcement explaining that it would no longer accept Bitcoin payments due to environmental concerns. Musk followed up by saying that he was looking into other cryptocurrencies that required 99% less energy consumption.  However, on June 13, the situation reversed as Musk reassured the public that Tesla did not sell any additional Bitcoin . The post also said that the electric-car producer would resume taking BTC payments as soon as its Bitcoin mining relied on a minimum of 50% clean energy. In bear markets, top traders act with caution While retail investors and algorithmic trading bots jump into action as soon as bullish or bearish signals and news flash, top trad...
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Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender

Bitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender in the country alongside the U.S. dollar. The monthly bitcoin transfers of under $1,000 to El Salvador totaled $1.7 million in May, representing more than a 300% increase from $424,000 the previous year, Reuters reported, citing data from blockchain analytics firm Chainalysis. The monthly bitcoin transfers to the country peaked in March at $2.5 million. While remittances using bitcoin have soared, they are still a small portion of total remittances to the country. According to the World Bank, remittances using traditional money totaled nearly $6 billion in 2019, and about 95% of total remittances in the first quarter of this year came from Salvadorans working in the U.S. El Salvador became the first country in the world to make bitcoin legal tender when its congress...
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Following massive BTC purchase announcement, MicroStrategy says it may sell up to $1B in stock

The firm said it intended to use the proceeds from the offering “for general corporate purposes, including the acquisition of Bitcoin.” The same day business intelligence firm MicroStrategy announced it would use $488 million from the proceeds of a private offering sale to buy Bitcoin, the company said it may also sell up to $1 billion of its stock for the same reason. In a Monday S-3 filing for the U.S. Securities and Exchange Commission, MicroStrategy said it would be launching an “at the market” securities offering which would allow it to sell up to $1 billion of its Class A Common stock over time. The firm said it intended to use the proceeds from the offering “for general corporate purposes, including the acquisition of Bitcoin.” “Bitcoin does not pay interest or other returns and so ability to generate a return on investment from the net proceeds from this offering will depend on whether there is appreciation in the value of Bitcoin following our purchases of Bitcoin with th...
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Algorand (ALGO) price strengthens as institutional investors back the project

Backing from institutional investors and a series of new partnerships could help ALGO break from its current range in the coming week. Consolidation periods tend to follow strong rallies but they also present a good opportunity to survey the field and evaluate projects that have strong fundamentals. One project that continues to gain traction in terms of price recovery and network adoption is Algorand (ALGO), a pure proof-of-stake (POS) blockchain network that has secured new partnerships and real-world use case applications, as well as support from multi- million-dollar funds  in recent weeks. Big funds invest in Algorand-based projects Raising funds is one of the biggest challenges many projects face and in the last month the Algorand network announced that Arrington Capital, a digital asset manager, had pledged $100 million in funding meant to help accelerate additional development across all facets of the smart contract platform. Today, @arringtonXRPcap announced the la...
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Subcontractors and Builders Located in China’s Xiong’an New Area Are Being Paid in Digital Yuan 

Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank digital currency (CBDC) via the People’s Bank of China and the new area’s development management committee. Xiong’an New Area Pays Contractors in Digital Yuan It seems workers in the state-level new area in Hebei, China also known as Xiong’an New Area, are being paid with China’s CBDC. Xiong’an government officials published a circular which described the project’s testing goals. According to the announcement , the People’s Bank of China’s (PBOC) Shijiazhuang office and the new area’s development management committee are involved in the wage pilot system. The statement stemming from the Xiong’an New Area, which explains its paying builders in onchain digital yuan payments, follows the recent statements from the ...
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Price analysis 6/14: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH

Bitcoin’s surge above $40,000 and the breakouts from select altcoins may be signals that the bottoming process has begun. Bitcoin ( BTC ) has risen above the psychological resistance at $40,000 following a series of positive news flow over the past week. The first bit of bullish news that impacted the price of Bitcoin was a tweet from Tesla CEO Elon Musk who said the carmaker wil  accept Bitcoin payments if more than 50% clean energy is used by Bitcoin miners with a “positive future trend.” Another piece of news that may have boosted  the recovery in Bitcoin was Paul Tudor Jones' suggestion that 5% of every investment portfolio have exposure to Bitcoin,  which is equal to that of gold, cash and commodities. Jones was al critical of the U.S. Fed’s view that the current rise in inflation numbers is transitory. The recent bullish news is proof that the current drop has not altered the fundamentals of Bitcoin. Therefore, as the price stabilizes, Bitcoin may again at...
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