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Showing posts from July 21, 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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Vitalik Buterin’s surprise cameo in Ashton Kutcher and Mila Kunis’ living room

Ashton Kutcher has uploaded a video featuring Vitalik Buterin explaining Ethereum from his lounge room. Actor and venture capitalist, Ashton Kutcher, has published a video to Twitter featuring himself, his wife Mila Kunis, and Ethereum founder Vitalik Buterin, to explain the project to newcomers For the first minute, the video shows Kutcher quizzing Kunis on basic terms relating to cryptocurrency and blockchain technology in a living area of their home. After Kunis offers simple one-sentence definitions to explain “crypto,” “blockchain,” and “decentralization,” Kutcher asks for a description of Ethereum. The camera then pans to the right, moving past Kunis to reveal Buterin seated at a table. Welcome to kutcher kitchen talks EP 1 #KryptoWithKunis #StonerCats #nft #eth ⁦ @stonercatstv ⁩ ⁦ @VitalikButerin ⁩ https://t.co/uuejuNJZp9 pic.twitter.com/qd5QUqRn3z — ashton kutcher (@aplusk) July 21, 2021 Buterin launches into a lengthy explanation of Ethereum’s fundamental compone...
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Steve Job’s Physical Job Application and Mirror Copy in NFT Form to Faceoff on the Auction Block

In another world-first for the non-fungible token (NFT) space, Steve Job’s handwritten job application letter in its physical form and an accompanying digital NFT of the same item will go head to head in respective auctions. Auction to Expose How Collectors Value Different Formats As NFTs continue to push the boundaries of possibilities, whether introducing new, novel use cases for tokenization or adding layers of value propositions to existing physical items, the question of collector preference is set to best tested. Today, at 9:41 AM Pacific Daylight Time (PDT), Rarible and Snoofa will be hosting simultaneous auctions set to last for six days featuring Steve Job’s 1973 handwritten job application in two rival formats: the original physical copy and an NFT version. The written application highlights Job’s skills and interests, underlining his experience just a year before moving to Atari, which was then just a startup in the gaming space. Rarible, an NFT marketplace for creat...
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60% of uber-rich family offices considering crypto or own it: Goldman Sachs

15% of Goldman Sachs’ family office clients have already purchased digital assets. A survey conducted by major investment bank Goldman Sachs has found that close to half of its family office clients want to add cryptocurrency to their portfolios, signaling the ultra-wealthy are becoming increasingly bullish on digital assets. The survey, reported by Bloomberg, queried more than 150 family offices worldwide and found that 15% are already exposed to crypto assets. A further 45% of offices expressed interest in investing in the asset class as a hedge against “higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus.” However other respondents cited concerns regarding the volatility and long-term uncertainty surrounding the price of cryptocurrencies as reasoning for their aversion to the asset class. Approximately 67% of the firms surveyed manage more than $1 billion worth of assets, with 22% o...
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Binance Australia partners with Koinly for tax reports as ATO ramps up compliance

The taxman commeth for Australian crypto investors and Binance wants to help them out. The Australian branch of leading cryptocurrency exchange Binance has increased the ability for users to accurately report tax liabilities amidst increased pressure from local tax authorities. Binance has partnered with cryptocurrency tax startup Koinly to assist users grappling with ever-increasing tax obligations down under. Binance users in Australia have been offered access to Koinly’s tax reporting solution through the integration. Koinly was founded in 2018 and supports over 600 exchanges and wallets, enabling users to sync their full crypto trading history with one central ATO-compliant platform. The move comes as the Australian Tax Office (ATO) increases its effort to collect taxes on cryptocurrency gains. In July last year, the ATO targeted 350,000 crypto asset investors and holders with a letter regarding undeclared cryptocurrency gains. In May 2021, the ATO doubled down with its effo...
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Damien Hirst's ‘Currency’ NFT drop more than 6X oversubscribed

Collectors will now have to seek out Damien Hirst’s NFTs on secondary markets after the drop was oversubscribed by more than six times. Leading contemporary artist Damien Hirst’s NFT drop dubbed “The Currency” has been oversubscribed by more than six times. The Currency drop consists of 10,000 unique colorful dot pattern artworks with a corresponding NFT for each piece. Applications for the NFT drop closed on July 22, and Heni Group, who hosted the sale, revealed that 32,472 people applied for a total of 67,023 NFTs. That means that many applications will either be scaled back or unsuccessful given there are only 10,000 NFTs available. Many collectors will now have to seek out the NFTs on secondary markets. Applications have closed for @hirst_official 's The Currency. Thanks to all who applied. 32,472 people applied for a total of 67,023 NFTs. Due to the large number of applicants, allocations will take some time & applicants may not be notified until 28 July. Stay tuned ...
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Tether promises an audit in 'months' as Paxos claims USDT is not a real stablecoin

Tether’s general counsel said a full audit is coming in months. There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s general counsel. An audit for the world’s third-largest digital asset has been awaited for several years and increased regulatory pressure appears to have accelerated the process. In a rare mainstream media interview on CNBC, Tether CTO Paolo Ardoino and general counsel Stu Hoegner were asked some pressing questions on the subject of USDT’s backing and transparency. Hoegner responded to the question by saying: “We are working towards getting financial audits, which no one else in the stablecoin sector has done yet.” Hoegner added that the firm hopes to be the first to do so and that audits will be coming in “months, not years”. He stated that Tether is backed one-to-one with its reserves but admitted that those reserves were not all US dollars. According to Hoegner, Tether’s reserves are heavily do...
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Ethereum must innovate beyond just DApps for DeFi degens: Vitalik Buterin

As second layer scaling matures for Ethereum, Vitalik Buterin urges the community to grow beyond the confines of DeFi. During his keynote at the EthCC conference in Paris, Ethereum co-founder and lead developer Vitalik Buterin implored the Ethereum community to innovate beyond the confines of decentralized finance . Describing non-financial utilities as “the most interesting part of the vision of general-purpose blockchains,” Buterin lamented that financial applications currently “dominate the Ethereum space.” “Being defined by DeFi is better than being defined by nothing. But it needs to go further.” Buterin outlines several non-financial applications for Ethereum, including decentralized social media , identity verification and attestation, and retroactive public goods funding. “Moving beyond DeFi is not about being against DeFi. I actually think [...] the most interesting Ethereum applications are going to combine elements of finance and non-finance,” said Buterin. “Maybe a ...
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Nigerian Pop Artist Shills Meme Coin and Price Briefly Doubles — Followers Question Artist’s Motives

The Nigerian pop artist and celebrity, Davido, recently posted several tweets endorsing ‘rapdoge,’ the so-called “first deflationary meme token fully supported by celebrities & rappers.” In one of the tweets, Davido tells his 9.5 million followers to “buy $20, $100 or $1000 worth of rap doge tokens and be ready to make some money.” Pump and Dump In a subsequent tweet , Davido, who has previously said he was thinking about starting a bitcoin trading company, asks: “Who listened to me about RapDoge?” Following the artist’s shilling of the coin on July 19, 2021, the rap doge token price surged by more than 100% as interest in the crypto grew. However, at the time of writing, rapdoge, which promoters claim to be the next big meme coin, saw its value return to pre-shilling levels. In the meantime, it seems the pop artist’s latest endorsement of a crypto asset has not gone over well with some of his followers. As a Cryptotvplus report explains, Davido’s shilling of the rapdoge tok...
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SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener

Musk revealed that SpaceX owns Bitcoin and that Tesla may be close to accepting BTC payments again after looking into BTC’s sustainability. Tesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC). The company is yet to officially announce how much Bitcoin it has purchased, however Musk's other company Tesla purchased $1.5B of the cryptocurrency earlier this year which sparked a major Bitcoin price rally. That rally came to an abrupt end after Tesla stopped taking Bitcoin payments due to environmental concerns, but speaking at "The ₿ Word" — a virtual Bitcoin (BTC) event — the erratic tech billionaire suggested Tesla was on the verge of accepting the cryptocurrency again following promising signs the percentage of renewable energy used for mining was increasing. The changing narrative of Bitcoin going "green" may help reignite a rally, with Coin Metrics co-founder Nic Carter telling CNBC a few hours ago that BTC’s fundamen...
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NFT Marketplace Opensea Raises $100 Million — Firm Becomes a Blockchain Unicorn

Opensea has become the latest non-fungible token (NFT)-focused firm to raise funds this year as the company announced raising $100 million in a Series B this week. The venture capital firm Andreessen Horowitz led the Opensea financing round alongside investors like Kevin Durant, Ashton Kutcher, and Tobi Lutke. NFT Marketplace Opensea Joins the Blockchain Unicorns, Project Now Supports Polygon One of the largest non-fungible token (NFT) marketplaces today, Opensea , has announced the company has raised $100 million in a Series B funding round. Additionally, the project also announced it was expanding its features to “cross-blockchain support” and Opensea will start supporting the Polygon blockchain. The funding round led by Andreessen Horowitz (a16z) puts Opensea into the unicorn status of blockchain startups with a valuation of $1.5 billion after the Series B. “At Opensea, we believe NFTs are emerging as one of the first consumer-oriented killer applications for blockchains,” the ...
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Record network activity and a second NFT boom send WAX price higher

WAXP price appears to be gaining strength after the NFT-focused project introduced staking, yield farming and partnerships with companies that offer pop culture collectibles. Just a few days before Bitcoin ( BTC ) price plunged below $30,000, the NFT sector was dominating headlines for the second time in 2021, led by a month-long  972% surge in the price of Axie Infinity .  Another NFT-focused protocol that has been gaining fundamental strength in recent months is Worldwide Asset eXchange, also known as WAX — a protocol that claims to “deliver the safest and most convenient way to create, buy, sell, and trade virtual items to anyone, anywhere in the world.” WAX/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that between June 27 and July 9, the price of WAX's WAXP token climbed 70% to a high of $0.151 before the Bitcoin-led sell-off pulled the price to its current value of $0.11. Three reasons for the rally in WAXP in...
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Crypto Fear and Greed Index Taps Low at ‘Extreme Fear,’ BTC Technicals Point to Uncertainty

On Wednesday, following the drop below the $30,000 region, bitcoin’s price has rebounded more than 8% since Tuesday’s low. Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market. Despite being a scary term, the time is usually the best time to obtain assets for a lower price. However, data from Tradingview’s technicals show bitcoin is still in the “sell” range, while bitcoin market oscillators are more “neutral.” CFGI Sentiment Metric Reaches ‘Extreme Fear’ The price of bitcoin (BTC) tapped a low of $29,300 on July 20, 2021, and since then the price has managed to jump back above the $32,000 handle. Despite the rebound, there’s a lot of uncertainty within the crypto space as far as short-term bitcoin price predictions are concerned. BTC /USD chart shows bitcoin managed to climb back above the $32K zone on Wednesday. Some believe the price may plunge to the $20,000 zone again and others believ...
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Former Ethereum Developer Virgil Griffith Arrested for Signing Into His Coinbase Account: Report

According to reports stemming from investigative journalist Matthew Russell Lee, from Inner City Press, former Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody. According to the reports, the U.S. Attorney’s Office revoked Griffith’s bond because he allegedly tried to access the crypto exchange Coinbase. Report Says Virgil Griffith Violated His Bond Terms At the end of November 2019, the United States Attorney’s Office for the Southern District of New York (SDNY) arrested the former Ethereum Foundation member Virgil Griffith for allegedly “assisting North Korea in evading sanctions.” After the Manhattan U.S. Attorney revealed the news, the cryptocurrency community erupted in outrage . A year and eight months later, Griffith was released on bail but reports from Matthew Russell Lee of Inner City Press note that he’s recently been taken into custody. Allegedly, Griffith violated the terms of his bail and the SDNY judge presiding o...
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Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

"I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number," said the Tesla CEO. Tesla CEO Elon Musk has hinted the crypto industry is on its way towards a greener future, but the car manufacturer won’t be accepting Bitcoin payments just yet. Speaking at The ₿ Word, a virtual Bitcoin ( BTC ) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto, Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before making a decision. “There appears to be a positive trend in the energy usage of Bitcoin,” said Musk, alsexpressing skepticism at the speed at which the network had moved towards green energy sources. “There’s just no way you could basically double or triple t...
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Altcoins secure double-digit gains after Bitcoin surges toward $33K

TEL, MATIC and AXS soared higher as Bitcoin’s relief rally to $32,800 lifted the entire market. Charts turned green as Bitcoin ( BTC ) price rallied to $32,858, but a number of analysts also cautioned that the market may not be out of the woods yet.  Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours were Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that the recovery is widespread and not just confined to large-cap cryptocurrencies. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro As seen in the list above, the top-performing tokens represent a variety of cryptocurrency subsectors, including nonfungible tokens, artificial intelligence and decentralized finance projects. Telcoin secures new trading pairs on QuickSwap Telcoin (TEL), a blockchain protocol focused on sending and receiving mobile-based global remittances, was the top performer over the past 24-hours. ...
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Price analysis 7/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

The strong recovery in Bitcoin and altcoins shows there is aggressive buying at lower levels but bears are unlikely to give up without a fight. Bitcoin ( BTC ) is leading the recovery in crypto markets today after the price rallied back above the $32,000 level. Sam Trabucco, a quantitative trader at Alameda Research, said the firm had purchased the dip in Bitcoin on July 20.  Trabucco said the sharp recovery in equity markets, fewer long liquidations in the crypto derivatives market and the possible end of FUD caused due to China mining ban and Grayscale unlocking could act as recovery catalysts that could boost the crypto rally further. Daily cryptocurrency market performance. Source: Coin360 However, analyst and podcast host Nebraskan Gooner views the recovery in Bitcoin as a shorting opportunity. Veteran trader Peter Brandt also expects Bitcoin to witness another downturn before a change in trend. The correction may open up opportunities for several new investors to e...
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