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Showing posts from July 7, 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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Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%

There are concerns over ShibaSwap's transparency and security. Despite the immediate success of dog-themed decentralized exchange ShibaSwap, there are warnings  the DEX’s liquidity providers are throwing capital into an opaque protocol of questionable security. Building on the popularity of their Dogecoin fork, Shiba Inu (SHIB), amid the Elon-Musk stoked dog-token trading frenzy , the coin’s developers launched their DEX with enticing yield incentives for liquidity providers on July 7. Within 24 hours of launching, the protocol had amassed a Total Value Locked (TVL) of more than $1 billion . On July 8, platform reviewer DeFi Safety published a report on ShibaSwap, scoring the protocol at just 3%, far below the 70% level the site considers a pass. Describing the score as “a devastating fail,” DeFi Safety failed ShibaSwap on all but two of its 22 review criteria, with the protocol scoring 30% for the clarity of information provided in its whitepaper. The review’s author is Rex...
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Crypto Wallet Recovery Service KeychainX Can Save Your Bitcoin

Whenever the prices of digital assets skyrocket, social media gets flooded with stories of people that could be millionaires now but forgot the keys to wallets they opened a few years before. But if this happened to you, don’t lose hope, cryptocurrency wallet recovery service KeychainX can save your money. Your Wallet With a Forgotten Password Is Not Lost Yet KeychainX is a bitcoin wallet recovery service operating since 2017. In the last 6 months alone, the company recovered wallet keys for about 100 clients from all over the world and you can see some of their raving reviews on Trustpilot where KeychainX has an almost perfect 4.9 ‘Excellent’ score. The service covers all kinds of situations such as recovering lost Bitcoin wallets from wallet.dat files, Dogecoin wallet passwords, blockchain second or first passwords, Android wallet or spending PIN, Ethereum from JSON files, and Ethereum presale wallets. KeychainX can even decrypt your blockchain.info 15,17,19 or 21 word mnemonic...
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New Zealand's Reserve Bank consulting public on a potential CBDC

The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins. The Reserve Bank of New Zealand says a central bank digital currency might be a “solution” to the ongoing reduction in the use of cash and that it will look more closely at the use of cryptocurrencies. The bank will open up public consultations regarding a CBDC and the emergence of new digital forms of money including stablecoins. We'll be consulting extensively over the remainder of 2021 on issues key to the future of how New Zealanders pay and save, driven by our new stewardship mandate for cash and a broader currency system https://t.co/vniv2aULCZ #rbnz pic.twitter.com/OHdsuIhpGd — Reserve Bank of NZ (@ReserveBankofNZ) July 7, 2021 In a July 7 announcement, the Reserve Bank revealed it will be releasing a set of “money and cash issues papers for feedback from August t...
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US Congressman Declares Investments in Dogecoin, Ethereum, Cardano

A U.S. congressman, Barry Moore, has declared his recent cryptocurrency purchases. He bought dogecoin, cardano, and ether. U.S. Representative Barry Moore from Alabama filed a Periodic Transaction Report (PTR) last week declaring his recent cryptocurrency purchases. According to the filing, the congressman bought cryptocurrency cardano ( ADA ), dogecoin (DOGE), and ether ( ETH ) during May and June. Each purchase was worth between $1,001 and $15,000. His crypto investments have decreased in value since his purchases. He bought cardano on May 10, May 11, and May 13. The price of ADA was $1.7652, $1.5559. and $2.009 on those days respectively based on data from Bitcoin.com Markets . The price of the cryptocurrency is $1.4229 at the time of writing. The congressman also declared that he bought dogecoin on June 13. The price was around $0.3275. At the time of writing, DOGE sits at $0.2317. He also bought ether on May 5. The price that day was $4,081. At the time of writing...
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SEC closes in on settlements with US BitConnect promoters for millions

Four of six U.S.-based promoters of the notorious BitConnect Ponzi scheme have reached settlement agreements with the SEC. The U.S. Securities and Exchange Commission (SEC) is nearing settlements with four U.S.-based individuals accused of promoting the multi-billion dollar crypto Ponzi scheme, BitConnect. According to Law360, the terms of the settlements are currently awaiting final approval from Judge John Koeltl. The judge noted that while agreements’ terms are currently legally sound, minor fixes are needed to be made to ensure they are “scrupulously accurate.” The agreements include a more than $3 million settlement from Joshua Heppensen of Massachusetts and $576,000 from his fiancee Laura Mascola, $526,000 from Ryan Maasen of Oklahoma, and an unspecified amount from Michael Noble of California. The SEC filed lawsuits against six of the scheme’s promoters in May of this year, alleging they offered and sold unregistered securities in the United States, including advertising ...
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Goldman Sachs Sees More Potential in Ether Than Bitcoin

Global investment bank Goldman Sachs says ether is the cryptocurrency with the highest real use potential and it could overtake bitcoin as the dominant digital store of value. Ether Could Overtake Bitcoin as Dominant Store of Value, Says Goldman Sachs Goldman Sachs shared its view on the future outlook for bitcoin and ether in a note published Tuesday. The investment bank’s analysts reportedly argued that ether’s real use cases could make the cryptocurrency the dominant digital store of value, overtaking bitcoin as the top cryptocurrency. They wrote: [Ether] currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications. However, Goldman Sachs prefers gold, stating that neither cryptocurrency will be able to overtake gold anytime soon. The analysts explained that cryptocurrencies are not a direct competitor to gold as a safe...
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Oscar-winner Anthony Hopkins' new film to be sold as NFT on new platform Vuele

Anthony Hopkins’ new film dubbed ‘Zero Contact’ is set to be dropped on the Vuele NFT marketplace in the next month or so. Oscar-winner Anthony Hopkins’ new film will be tokenized and sold on an up-and-coming NFT marketplace for movies dubbed “Vuele.” The 83-year-old Hopkins has had a celebrated career and won two Oscars and two Emmys, starring in notable films including Silence of the Lambs, The Elephant Man, the Thor franchise and The Father. The new feature-length film is called “Zero Contact” and has been produced by independent film finance and production company, Enderby Entertainment. According to Enderby, the story follows five characters from around the globe “connected only by their devotion to tech titan Finley Hart (Hopkins).” The five characters discover a secret invention by the tech titan, and collaborate to shut it down as it provides “either the solution to mankind’s problems or the end of life on earth.” Zero Contact was produced remotely in 17 different terri...
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DeFi aggregator Zerion snags $8.2M in Series A

Executives representing investors Mosaic Ventures and Placeholder have joined Zerion’s board of directors as part of the deal. Ethereum-based DeFi aggregator , Zerion, has raised $8.2 million in a Series A funding round. The non-custodial aggregation platform facilitates access to more than 60 Ethereum-based protocols, such as Aave, Yearn.finance, and Curve. Zerion has processed more than $600 million worth of volume in 2021 so far with a median trade of $1,000. The raise was led by Mosaic Ventures, and also featured participation from Placeholder, Digital Currency Group, and Blockchain.com Ventures, among others. Mosaic co-founder and partner, Toby Coppel, and venture partner at Placeholder, Brad Burnham, have joined Zerion’s board of directors as part of the round. The company has now raised $10.2 million in total, building on its $2 million seed round in December 2019. Zerion hopes the war chest can help its user base grow from roughly 200,000 to above seven figures. The proj...
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82% of Institutional Investors Plan to Increase Cryptocurrency Exposure: Survey

A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023. The survey reportedly asked institutional investors and wealth managers from the U.S., U.K., France, Germany, and the UAE who currently have exposure to cryptocurrencies and digital assets about their crypto investment strategies. It was conducted between May and June. According to the results, 82% of respondents expect to increase their crypto exposure between now and 2023. 40% said they will dramatically increase their crypto holdings, 7% said they would reduce their exposure, and 1% said they would sell their entire holdings of crypto assets. Responding to the question about their future crypto investment plans, 58% of respondents said that the main reason for investing is long-term capital growth prospects. Meanwhile, 38% said confidence in the asset class, and 37% said more leading corporates a...
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3 reasons why Terra (LUNA) price rallied by 20%

The growing interest in stablecoins, new partnerships and the improving state of the wider market back LUNA’s newfound bullish momentum. Altcoins continue to move higher while the price of Bitcoin ( BTC ) remains trapped in the $31,000 to $36,000 price range.  The predictable range appears to be helping Terra (LUNA), a blockchain protocol that specializes in fiat-pegged stablecoins like TerraUSD (UST) to power a price-stable global payment system. LUNA/USDT 1-day chart. Source: TradingView A quick scroll through the project’s Twitter feed indicates that the team behind LUNA has been busy as the month of June was full of protocol upgrades as well as new partnerships and integrations. Some of the major developments for the Terra ecosystem include the launch of Mirror V2, the addition of Terra farming opportunities on Dfyn and the listing of LUNA on the Crypto.com exchange. Support from Terraform Labs provides a boost Price action for Terra received a boost on July 7 af...
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The Boston Celtics Announce Partnership With Blockchain Company Socios.com

The crypto industry keeps entering into mainstream venues via professional sports leagues, athletes, and teams this year. On Wednesday, the Boston Celtics revealed a partnership with the blockchain provider Socios.com. Socios.com to Serve as the Presenting Partner of the NBA’s Boston Celtics On July 7, Socios.com , the blockchain firm that offers fans a chance to be “superfans” allowing them to influence club-specific decisions, trade digital items, and access “ VIP experiences,” has partnered with the Boston Celtics. The professional team is well known and has won the annual championship series of the National Basketball Association (NBA) 17 times. The announcement reveals that Socios.com will be featured on the web portal celtics.com , according to nba.com’s official announcement . “[Socios.com will] serve as the presenting partner of the team’s website, placing it at the forefront of the Celtics’ primary hub for relevant news, updates, video highlights, and information pertaini...
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Price analysis 7/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL

Altcoin prices are moving higher as Bitcoin price holds a pattern of daily higher lows, a sign that the downtrend could be coming to an end. Bitcoin’s ( BTC ) range-bound action seems to be increasing the confidence of institutional investors looking to resume investing in cryptocurrencies. Proof of this comes as Marshall Wace, a London-based hedge fund, announced plans to invest in the digital asset space, according to sources at the Financial Times. A survey of wealth managers and institutional investors already holding crypto, from the U.S., U.K., France, Germany, and the UAE  shows that 82% of the respondents expect to increase their investments in digital assets by 2023. The research shared with Cointelegraph claims that only 7% of the participants plan to reduce their exposure to crypto, while 40% plan to “dramatically increase their holdings.” Daily cryptocurrency market performance. Source: Coin360 More evidence of institutional interest was highlighted in a rep...
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Robinhood COO: We have enabled more women to trade crypto

Gretchen Howard described crypto investments "stereotyped as a male-dominated space,” but she has seen significant growth for women during her two years at Robinhood. The chief operating officer of stock and cryptocurrency trading app Robinhood aims for significant growth in the number of female customers, particularly when it comes to investing in crypto. In an interview with Business Insider published Wednesday, Robinhood COO Gretchen Howard said the number of women using the trading app had more than tripled, representing a 369% increase year-on-year. In addition, the platform reported in March that 40% of its active female customers were trading crypto, a seven-fold increase over 2020. "To me it feels like, wow, we've enabled these women to trade crypto," said Howard. “[Crypto is] very new, especially to people getting into investing for the first time. And it's also stereotyped as a male-dominated space.” The COO, who said she owns some tokens herself...
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UFC Partners With Crypto.com — Sources Say $175 Million Deal Is MMA Firm’s Largest Sponsorship

The cryptocurrency exchange Crypto.com has revealed the company has entered a partnership with Ultimate Fighting Championship (UFC) as the firm’s global fight kit partner. Reports stemming from people familiar with the matter say the partnership is a ten-year deal worth $175 million and the UFC’s largest sponsorship deal to date. UFC Names Crypto.com First-Ever Global Fight Kit Partner The digital currency firm Crypto.com has partnered with the UFC and will be the mixed martial arts (MMA) organization’s global fight kit partner. This means the Crypto.com brand will be featured on UFC fighter uniforms and the brand will be shown this Saturday, July 10, during the fight between Dustin Poirier and Conor McGregor. The UFC has been operated by Dana White since 2001 and since he became president of the MMA organization, the UFC has become a multi-billion-dollar enterprise. The picture above is UFC 261: Usman vs. Masvidal held on April 24, 2021, in Jacksonville, Florida. The parent compa...
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Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan

In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to 300 digital yuan users. The banks are also giving away small presents in order to tempt the customers into leveraging the central bank digital currency (CBDC) wallet. Chinese Banks Are Now Luring Customers Toward the Digital Yuan Similar to how banks try to sell services to customers like loans, savings accounts, and investment vehicles, Chinese state-owned banks are telling employees to sell the benefits of the digital yuan. The Industrial and Commercial Bank of China, alongside five other top financial institutions in the country, are tasking their employees with pushing the CBDC wallet on hundreds of branch customers. According to a rough translation of the announcement published by shenliancaijing.com...
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Reality show is casting crypto users locked out of their wallets

The casting director specifically asks crypto users if they’re willing to use all remaining attempts to access their funds in front of the camera. A casting call for a cable network series may offer crypto users at the end of their rope a way to access tokens locked away — or at least show viewers some of the options available to them. In a LinkedIn post from last month, casting director Jessica Jorgensen called on crypto users who have forgotten their passwords — and presumably their seed phrases — or lost their private keys to wallets with the clock ticking. The series offers consultations from cryptocurrency and cybersecurity experts to help users recover access to their funds. However, it seems participants must be prepared to lose access to their coins if the attempted recovery is not successful. Jorgensen specifically asks users to mention how many passwords they have remaining before their accounts are locked, and if they’re willing to use the remaining attempts with the he...
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Shibu Inu (SHIB) DEX ShibaSwap surpasses $1B TVL 24-hours after launch

24-hours after launching, SHIB’s new ShibaSwap DeFi platform surpassed $1 billion in total value locked and it is raising fees on the Ethereum network. Dogecoin ( DOGE ) has proven to the world that even a project that started as a joke can gain value and notoriety in the cryptocurrency space. This phenomenon opened the door for multiple ‘meme’ cryptocurrencies to gain a foothold and a quick look at the trending tokens list on CoinMarketCap shows the meme effect has found a s foothold. The latest meme coin to capture investors' attention is Shiba Inu (SHIB), a project that originally gained notoriety when Ethereum ( ETH ) creator Vitalik Buterin donated more than $1 billion worth of SHIB to the India Covid relief fund. SHIB/USDT daily chart. Source: TradingView While many analysts thought the project would just fade away along with the other meme coins that mooned and then crashed, Shiba Inu has instead emerged as a growing project complete with its own swap interface, yie...
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Buy the rumor, sell the news? $10K Ethereum options are 88% down from their peak price

$10,000 Ethereum options for December 2021 cost buyers $734 each, but today they are only worth $85 and ETH price is 47% away from its all-time high. This year's 500% accumulated gain took Ether's ( ETH ) price to a $4,380 all-time high on May 12, and this rally was even more robust than the late-2017 move. The famous bull market, or bubble, depending on how you see it, took Ether's price on a 390% rally from $290 in November 2017 to $1,420 in mid-January 2018.  Maybe this year's mega rally was a DeFi and NFT bubble that will take another two years to reclaim its peak, but it seems premature to make a prediction now. However, some analysts, including Celsius Network CEO Alex Mashinsky, argue that Ether's "flippening" has already happened when comparing the breadth of assets under management. According to Mashinsky, Ether's primary use case is yield farming , the practice of staking or locking up crypto in return for rewards, while Bitcoin is mostl...
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