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Showing posts from August 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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Rammstein Vocalist in Conflict With Russian Museum Over Unauthorized NFT Sale

Till Lindemann, lead singer of the German metal band Rammstein, has angered Russia’s renowned Hermitage Museum with a crypto initiative. The musician seeks over a hundred thousand euros for an NFT collection containing footage and imagery shot in the cultural institution. The tokens have been created without its authorization. German Singer Till Lindemann Sells NFTs of Russian Art Without Permission Rammstein’s vocalist and songwriter Till Lindemann has put up for sale five non-fungible tokens (NFTs), the most expensive of which has a price tag of €100,000. The NFTill collection contains a video clip of his performance of the popular Russian patriotic ballad “Beloved Town” which was shot in May. The world-famous museum in Saint Petersburg allowed Lindemann to record the video as part of the Year of Germany in the Russian Federation which started in August 2020. However, museum officials did not appreciate Lindemann’s NFT initiative, Forklog reported. In a statement released on ...
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‘Wolf of All Streets’ Trader Expects Bitcoin to Surpass $100K Within 6 to 12 Months

Crypto trader and investor Scott Melker, also known as “The Wolf of All Streets,” expects the price of bitcoin to hit new all-time highs by the end of the year. “I would not be surprised at all to see bitcoin trading in six figures within the next six to 12 months, or ethereum even pushing towards $10,000 in that time,” he said. The trader also sees the Senate’s $1.2 trillion infrastructure bill as the biggest advertisement in history for bitcoin. ‘Wolf of All Streets’ Trader Sees Many Upsides to Bitcoin Pushing the Price Toward $100K Scott Melker, the host of “The Wolf Of All Streets” podcast, shared his bitcoin outlook with Kitco News last week. Melker is a trader and investor both privately and at Texas West Capital. He is the author of “The Wolf Den” newsletter and an advisor to a number of blockchain-based projects. In June last year, Binance awarded him the Influencer of the Year Award for North America. Commenting on the $1.2 trillion infrastructure bill that the Senate pa...
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Elon Musk and Mark Cuban See Dogecoin as the ‘Strongest’ Cryptocurrency for Payments

Tesla CEO Elon Musk and Shark Tank star Mark Cuban see dogecoin as the “strongest” cryptocurrency when it comes to using it as a means of payment. To promote the use of dogecoin further, the NBA team Dallas Mavericks will be offering “special pricing for those who pay with dogecoin.” Elon Musk Agrees With Mark Cuban That Dogecoin Is the ‘Strongest’ Medium-of-Exchange Crypto Tesla and Spacex CEO Elon Musk and the billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, have affirmed their belief that the meme cryptocurrency dogecoin is the “strongest” cryptocurrency when it comes to paying for goods and services. Cuban touted DOGE in an interview with CNBC Make It on Friday. Noting that dogecoin is “a medium that can be used for the acquisition of goods and services,” he said: The community for doge is the strongest when it comes to using it as a medium of exchange. Replying to Cuban’s comment about dogecoin, Musk, who is sometimes known as the Dogefather, tweeted: “I’ve ...
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UK Police Seize USB Stick With Ethereum Worth $9.5 Million

British detectives have seized $22.25 million from operators of an international cryptocurrency scam. Among the items seized was a USB stick containing ethereum worth $9.5 million. The police are now attempting to contact the victims of this scam to return their funds. UK Police Seize Crypto in USB Stick The U.K.’s Greater Manchester Police announced Wednesday that its Economic Crime Unit has seized a USB stick containing “huge amounts of ethereum, the second largest crypto currency after bitcoin.” The USB stick was discovered after the police arrested a 23-year-old male and a 25-year-old female for fraud and money laundering offenses. The pair have since been released under investigation. The announcement details: Specialist officers received intelligence that those running the scheme had been in Manchester for a limited time and tracked them down, recovering an encrypted USB stick containing $9.5 million of stolen ethereum. The police said that $12.7 million more were seized...
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Bullish Ethereum traders can place risk-averse bets with this options strategy

Traders who believe ETH will reach $5,000 can use this low-risk options strategy to cast a long bullish bet. Being bullish on Ether ( ETH ) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee burn mechanism that drastically reduced the daily net issuance. Although Ether is not yet a fully deflationary asset, the upgrade paved the way for Eth2, and the network is expected to abandon traditional mining and enter the proof-of-stake consensus soon. Ether will then be slightly deflationary as long as fees remain above a certain threshold and the level of network staking. In light of the recent rally, there are still daily calls for Ether to rally above $5,000, but surely even the most bullish investors know that a 90% rally from the current $3,300 level seems unlikely before year-end. It would seem...
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Does Jack Dorsey Support Voluntaryism? Twitter CEO Shares Murray Rothbard’s Book ‘Anatomy of the State’

Ever since the CEO of Twitter and Square, Jack Dorsey, started appreciating the crypto asset bitcoin, crypto enthusiasts have been following his coattails. However, there are very mixed views about Dorsey because while some people adore him, others are skeptical of his goals as his firm has been accused of mass censorship. Then on August 13, Dorsey tweeted out a URL link to a book called “Anatomy of the State” by the economist Murray Rothbard. The tweet not only attracted likes from bitcoiners but a number of libertarians were also confused by his tweet. While Some Bitcoin Supporters Love Him, Many Other Crypto Advocates Don’t Trust Jack Dorsey For quite some time now, the CEO of Twitter has been a bitcoin ( BTC ) supporter as he sports a Lightning Network emoji next to his username and keeps a bitcoin symbol in his Twitter bio. Jack Dorsey has also talked about the benefits of bitcoin on various occasions and tweeted about the vast number of Nigerians that leverage the crypto ass...
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Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodler’s Digest, Aug.8-14

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week   Infrastructure bill passes US Senate without clarification on crypto On Tuesday, the controversial infrastructure bill passed in the U.S. senate In a 69-30 vote. The bipartisan bill proposes roughly $1 trillion of funding into transportation and electricity infrastructure projects. The bill also puts forward more stringent rules for firms handling crypto assets while expanding reporting requirements for brokers , who will be required to report digital asset transactions worth more than $10,000 to the IRS. Six senators, including Pat Toomey, Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema and Ron Wyden, proposed an amendment to the buzz-kill bill on Monday that would exempt software ...
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Wealth managers gain exposure to Bitcoin via Grayscale, according to new SEC filings

The Grayscale Bitcoin Trust, which trades under the ticker symbol GBTC, is being snatched up by institutional managers looking for more traditional exposure to digital assets. New filings with the United States Securities and Exchange Commission, or SEC, reveal that four wealth management companies have acquired shares of Grayscale’s Bitcoin Investment Trust, offering further evidence of institutional adoption of digital assets.  As first reported by MacroScope, a Twitter feed devoted to institutional trading and asset management, the firms disclosed their GBTC holdings in new filings for the period ending June 30, 2021. Clear Perspective Advisors, an Illinois-based wealth manager, revealed direct ownership of 7,790 GBTC shares on Friday. In an SEC filing today, Clear Perspective Advisors, a wealth management firm in Aurora, Illinois, reported owning 7,790 shares of Grayscale Bitcoin as of June 30. Filing: https://t.co/PT21czzjvO pic.twitter.com/WZ7RYk1RBp — MacroScope (...
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Dionne Warwick to Headline DOGE-Themed Festival Dogepalooza 2021

While dogecoin fans saw the first crypto-scented Dogecan body spray made by Axe, Oscar Mayer’s 10-pack of dogecoin branded weenies, and an augmented reality game called Dogemon Go, supporters now have the opportunity to attend a DOGE-centric festival called “Dogepalooza.” The dogecoin-themed event will have live entertainment from major artists like Dionne Warwick, Damon Elliott, and Chloe Flower. Dogepalooza 2021 Fans of the meme-based crypto-asset dogecoin (DOGE) are throwing a festival dedicated to the digital currency and its economy. Dogepalooza 2021 of course borrows the name from the popular music festival Lollapalooza. 🔥SO looking forward to seeing @ChloeFlower perform @Dogepalooza October 9, at Constellation Field in Sugar Land, TX!🔥 🚀 #Dogepalooza #ChloeFlower #Dogecoin #DogecoinToTheMoon #Dogearmy #DogecoinRise 🚀 https://t.co/nyogkykZe2 — Dogepalooza (@dogepalooza) August 13, 2021 According to the event’s web portal , the first Dogepalooza will begin ...
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How will blockchain and crypto improve the lives of LGBTQ+ people? Experts answer

Here’s what crypto and blockchain experts think about the impact of blockchain technology on lesbian, gay, bisexual, transgender and intersex people. Shidan Gouran of Gulf Pearl: Shidan is a co-founder of Gulf Pearl, a Canadian merchant bank and advisory firm with a focus on emerging technologies. “With respect to blockchain technology, the ability to easily move wealth from one country to another and to prevent seizure of assets due to belonging to a particular religious, political, social or ethnic group is a very powerful feature that public blockchains can enable. All truly democratic countries should implement safeguard measures against the potential of a tyrannical government formation because no system is perfect. I believe digital bearer instruments enabled by blockchains are one such safeguard. There are countries where members of the LGBTQ community face such discrimination, and being able to secure a measure of their wealth in the event of such a potential threat is a v...
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XRP chart triggers sell-off warning after price explodes by 54% in one week

XRP price has bounced back from its July lows but some indicators are starting to suggest that the rally is due for a pullback. XRP price  almost surged to its three-month high following a strong uptrend continuation on Aug. 14. Nevertheless, its wild weekly run-up triggered overvaluation risks, thus raising possibilities of an imminent price pullback. In detail, the XRP/USD exchange popped 11.78% higher to reach $1.20 for the first time since May 22. The pair's gains appeared as a part of a prevailing bullish trend that started July 20 when it was trading for as low as $0.154—a 134% upside retracement on the whole. On a week-to-date timeframe, the XRP/USD rates were up circa 54%. XRP overbought The latest bullish moves in the XRP market prompted two classic indicators to forecast imminent price corrections. The first indicator is the relative strength indicator (RSI). It represents a magnitude of price changes to evaluate overbought or oversold conditions. In detai...
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Cause and effect: Will the Bitcoin price drop if the stock market crashes?

Could Bitcoin’s halving cycles power through a hypothetical post-COVID economic crisis, or is BTC destined to be correlated with stocks? The year 2009 was marked by both the genesis of Bitcoin and the United States stock market starting an unprecedented bull market — one that’s continued almost uninterrupted since. However, murmurings of a crash are always present, and the noise has recently been getting louder.  Against the backdrop of COVID-19 refusing to go away, stocks keep pushing higher, backed by an unprecedented amount of government support. But now that quantitative easing policies are no longer being implemented, is the talk of a stock market crash justified? If so, this could bring unfortunate news for Bitcoin ( BTC ): It could be argued that there are signs of a strong correlation between Bitcoin and stocks . So, what may happen to crypto if the bottom falls out of U.S. equities? How likely is a crash? Taking crypto out of the picture, the increasing speculation t...
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