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Showing posts from August 13, 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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Cardano’s Alonzo Upgrade Date Revealed — ADA Gains Over 16% After Announcement

On Friday, the price of the token cardano spiked over the $2 handle nearing the crypto asset’s all-time high that took place three months ago. Cardano’s price jump derived from a video announcement stemming from Cardano’s Nigel Hemsley when he explained the Cardano network would upgrade on September 12, 2021. The highly anticipated “Alonzo Purple” upgrade aims to boost the Cardano project with fully functional, advanced smart contract solutions. Alonzo Upgrade Scheduled for September 12 Cardano is looking to upgrade the network in the near future, as IOHK’s Nigel Hemsley revealed the project plans to launch the upgrade on September 12 . In a tweet, Input Output (IOHK) also explained the upgrade will happen on the same date mentioned in the video. The name “Alonzo” derives from the mathematician and computer scientist Alonzo Church. The Alonzo implementation has been slowly upgraded by colored-coded stages with the final being purple. “It’s happening,” IOHK said. “We’re targeting 1...
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Bitcoin Hurdles Over the $47K Zone, Crypto Economy Nears $2 Trillion

The price of bitcoin jumped over the $47K handle on Friday afternoon and at 4:15 p.m. (EDT) the price tapped $47,929 per unit. Bitcoin has jumped over 8% today and is more than 45% up over the course of the last month. Bitcoin’s Value Jumped 45% Last Month The crypto economy grew to around $1.99 trillion on August 13, increasing more than 7.4% during the course of the day. The price of bitcoin ( BTC ) jumped over 8% and reached a new high for the month of August reaching $47,929 per unit. Seven-day statistics show BTC has climbed more than 11% and during the month more than 45% against the U.S. dollar. While a touch lower than the high this afternoon, BTC is still up 304% during the course of the year. Bitcoin ( BTC ) on Friday, August 13, 2021. Out of the $1.99 trillion, however, bitcoin only holds a 45% dominance among the 10,000+ digital assets in existence. Ethereum ( ETH ) commands 19.4% of the crypto economy dominance, while BNB and ADA hold more than 3% per market. Du...
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3 reasons why Aavegotchi (GHST) price spiked to a new all-time high

A play-to-earn style platform, upcoming ‘portal’ sale and the “NFT summer” all back GHST’s 40% breakout to a new all-time high. The NFT sector took the world by storm in 2021 as crypto and corporate sector influencers,  globally recognized companies  and popular sports teams embraced the growing digital collectible trend.  After a brief sector-wide pullback which coincided with the market-wide declines seen beginning in May, the NFT sector roared back to life as collectibles like CryptoPunks, Pudgy Penguins and Bored Ape Yacht Club (BAYC) selling for record-breaking prices.  One project that has benefitted from the recent bull market in the NFT sector is Aavegotchi (GHST), a decentralized finance (DeFi) focused NFT ecosystem that runs on the Aave protocol. Data from Cointelegraph Markets Pro and TradingView shows that since reaching a low of $0.896 on June 22 the price of GHST has rallied 202% to reach a new record high at $2.74 on Aug. 13. GHST/USDT 4-hour ...
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US Inflation Continues to Rise Amid Lockdown Talk, Producer Prices Jump 7.8%, Biden Blames OPEC

The United States is facing severe inflation despite the Federal Reserve and mainstream media doubling down on saying the loss of purchasing power is just “transitory.” This week consumer and producer metrics from July have been published by the U.S. Bureau of Labor Statistics and inflation is growing stronger. July CPI Stats Show a Jump to 5.4%, Producer Prices Skyrocket by 7.8% President Joe Biden has been compared to Jimmy Carter as Americans are witnessing the rebirth of stagflation. The term “stagflation” was very relevant during the Carter administration because America saw slow economic growth and vast unemployment numbers. Economic growth and unemployment numbers in 2021, look a bit more gruesome because of the aftermath 2020’s Covid-19 lockdowns and government mandates caused. Looks like consumers are no longer buying the Fed's transitory BS. https://t.co/WiGReLiUBa — Sven Henrich (@NorthmanTrader) August 13, 2021 This week’s data from the U.S. Bureau of Labor S...
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No gear, no problem! 3 ways to earn Bitcoin through cloud mining and staking

Operational costs are high, but Bitcoin miners are making money hand over fist. Here’s how to join them and profit. Bitcoin’s ( BTC ) rapid recovery above $46,000 has renewed calls for a $100,000 BTC price by the end of 2021, while the effects of China’s crackdown on the mining industry are slowly beginning to fade as the Bitcoin network hash rate shows signs of recovery . Bitcoin mean hash rate vs. price. Source: Glassnode One of the side benefits of China’s crackdown is that it has lowered the barriers of entry into the Bitcoin mining space, which has been shown to provide profits in both bull and bear markets. Bitcoin mining is one of the few ways that investors can acquire BTC without directly purchasing it from the market, and is quickly becoming an industry dominated by big money interests that can afford the electricity costs and upkeep required to run a mining operation. Here are some options available for the average crypto stacker to acquire more BTC through cloud mi...
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Reports suggest that a mainstream tech giant holds shares of Coinbase stock

End of Q2 holdings for Intel showed a small stack of COIN shares, valuing between $500,000 and $1,000,000 at time of publication. Over the course of 2020 and 2021, the cryptocurrency industry has attracted a notable amount of mainstream attention. In line with the growing awareness of the crypto industry, Intel, a tech company with history dating back to the 1960s, revealed an investment in crypto exchange Coinbase (COIN).  Although a number of specifics remain unknown, such as when the purchase occurred, required Q2 financial disclosure from Intel showed the outfit carrying 3,014 COIN shares at Q2’s conclusion, according to a Friday article from Barron’s. “Intel was obligated to disclose the stake to the Securities and Exchange Commission because it owns more than $100 million in publicly traded investments,” Barron’s noted. The disclosure from Intel went public on Aug. 13, according to the article. Coinbase took its operation public in April 2021, listing directly on the Na...
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Leading DeFi Charity Platform MUNCH Unites the Crypto World With New ‘Charity Circle’

PRESS RELEASE. Charitable company MUNCH will lead a philanthropic effort called Charity Circle, which will donate to charitable global causes using ETH . 13th August 2021, London, UK — Leading DeFi charity platform MUNCH has announced ‘Charity Circle’ – a philanthropic effort led by Munch to encourage DeFi projects to donate to charitable causes through sending Ethereum to Munch’s smart contract, Charity Circle will trustlessly and automatically donate to the current charity selected by the Munch community. MUNCH and Partnerships MUNCH is a DeFi cryptocurrency that uses blockchain technology to build in giving back as an inherent part of every interaction. Through automated, trustless donations from transaction fees. MUNCH has already donated more than $3M to various community-chosen charitable causes. The project are official partners with TheGivingBlock and recently became the first crypto partner with charity: water , joining major corporations such as Google and Amazon. C...
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Polkadot (DOT) price rallies 100% and derivatives data points to more upside

Strong fundamentals on the development side and derivatives data suggest that the DOT price could extend its 100% rally over the short-term. Polkadot (DOT) is a blockchain project designed to interconnect sub-chains called parallel chains or parachains. Each application-specific chain built within Polkadot uses the Substrate modular framework, and this is meant to ease the development process. The project has been at the center of developers' and investors' attention for most of 2021, but the sharp market-wide correction on May 19 dealt a heavy blow to the DOT price, and the team has been relatively quiet for the past two months. On July 22, Karura Swap, the first decentralized exchange (DEX) in the Polkadot ecosystem, was launched. The project was created by Acala, a decentralized finance (DeFi) project backed by Coinbase Ventures. Polkadot (DOT) performance in USD at Coinbase. Source: TradingView In the past 24 days, DOT rallied by 100% to reclaim the $20 support, e...
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Poly Network Says Stolen User Assets on ETH Have Been Returned, Except Frozen USDT

On Friday, a few days after the initial hack for $611 million, the Poly Network project detailed that the company has obtained all the assets stolen minus the frozen tether that was blacklisted by Tether Limited. The Poly Network team said they are in control of the funds along with “Mr. White Hat,” but the repayment process is not complete. Poly Network Hacker Returns Most of the Stolen Crypto Assets According to a message from the Poly Network team, a large majority of the stolen funds from the August 10 hack have been returned. The stash of tether ( USDT ) are the only funds that remain in limbo according to a recent letter from the Poly Network team. The Poly Network hacker stole ​​$611 million worth of ETH , WETH, WBTC, UNI, RENBTC, USDT , USDC, DAI, SHIB, FEI, BNB , and various BEP-20 tokens. All have been returned except the frozen the USDT which equals roughly $33 million in tethers. The Poly Network protocol is a cross-chain service that stems from the NEO blockcha...
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Polygon acquires Hermez Network for $250M, will merge native tokens

“We believe this is in a way a historical moment since this will be (to the best of our knowledge) the first full-blown merger of two blockchain networks,” said Polygon. Layer-two protocol Polygon will be merging ZK-rollup project Hermez Network into its ecosystem for $250 million worth of MATIC tokens. In a Friday announcement, Polygon said Hermez would become a part of the network’s suite of solutions under the name Polygon Hermez. The 26 people in the Hermez team as well as its tech and solutions — including work on an Ethereum Virtual Machine-compatible solution — will join the platform. As part of the merger, holders of Hermez’s native HEZ will be able to exchange the tokens at a rate of 3.5:1 to Polygon’s MATIC tokens. Polygon said HEZ tokens would eventually be phased out at an unspecified date. “We believe this is in a way a historical moment since this will be (to the best of our knowledge) the first full-blown merger of two blockchain networks,” said Polygon. “[Mergers ...
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Price analysis 8/13: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, SOL, LTC

The sharp rebound in Bitcoin and most major altcoins proves that traders are buying aggressively on every minor dip. A KPMG report titled “Pulse of Fintech H1 2021,” shows that the total investment in the blockchain and cryptocurrency sector  in the first half of this year has risen to $8.7 billion, which is more than double the $4.3 billion worth of deals done in 2020.  KPMG global fintech co-leader Anton Ruddenklau said: “Cryptocurrency and blockchain are exploding globally. I think for the rest of this year at least, crypto will be a very hot ticket for investors.” Separate research by blockchain market intelligence Blockdata also shows that 55 out of the top 100 banks by assets under management have directly or through subsidiaries invested in crypto and blockchain firms. Daily cryptocurrency market performance. Source: Coin360 Bittrex Global CEO Stephen Stonberg told Cointelegraph that the crypto industry has gone mainstream and is past the stage of early adop...
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