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Showing posts from August 15, 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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President of Argentina Open to Adopting Cryptocurrencies as Legal Tender

Alberto Fernandez, the president of Argentina, stated he is open to the adoption of cryptocurrencies as legal tender in an interview this week. Fernandez said there is a big discussion around the value and use of cryptocurrencies not only in Argentina but also all over the world. However, he recognized this issue should be treated carefully, and acknowledged he had limited knowledge in the subject of cryptocurrencies. President of Argentina Open to Allow Crypto to Become Legal Tender Alberto Fernandez, the current president of Argentina, expressed his opinion of cryptocurrencies in the Black Box , an interview program hosted by Julio Leiva, an Argentinian journalist. When asked about the subject of cryptocurrencies, and if his government was looking into it, Fernandez stated that there was a big debate over the function of cryptocurrencies not only in Argentina but in the whole world. He stated: This is a subject that must be treated carefully. In my case, because it is still unkn...
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iTrust Lists on AscendEX

PRESS RELEASE. AscendEX , a global cryptocurrency platform, is excited to announce its newest listing: iTrust token (ITG), under the pair USDT/ITG on AUG 17 at 1 p.m. UTC. In celebration of the listing, AscendEX and the iTrust Finance team will jointly launch three limited-time promotional events providing participants a chance to share 50,000 USDT in ITG rewards! iTrust Finance is a capital allocation solution for DeFi insurance projects. Entering into a blue ocean market, iTrust aims to improve the capacity of insurance protocols for different DeFi insurance projects and commit themselves to helping DAO users and users of various insurance protocols enter the market under better conditions. The platform also provides them with a variety of income strategies according to their risk appetite. iTrust Finance operates as a Decentralized Autonomous Organisation (DAO) focused on alleviating the existing pain points in the DeFi insurance sector. They focus on three factors to enhance...
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CyberKongz' mass monkey minting burns $4M in Ether in 5 hours

The NFT monkey minting frenzy has caused gas prices to skyrocket again. The latest craze in animal themed nonfungible tokens has been such a big hit that it has become the top burner of Ethereum transaction fees over the past 24 hours. CyberKongz, which started as a collection of 1,000 unique NFTs in early March 2021, has surged in popularity recently. So much so that it has today usurped NFT marketplace OpenSea and the world’s most popular decentralized exchange, Uniswap, in terms of Ethereum fee burning . The achievement was noted by the Chinese blockchain outlet Wu Blockchain which reported that it had burned 1,240 in ETH, or around $4 million in just 5 hours. The NFT project CyberKongz VX has burned more than 1,240 ETH in 5h, ranking first in the burning list. pic.twitter.com/5ZCfZmqcU2 — Wu Blockchain (@WuBlockchain) August 16, 2021 The mass monkey minting has caused gas prices to skyrocket with average transactions reaching their highest level since late May at around $...
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Dogecoin Price Captures 24 Hour Double-Digit Gains Following Social Media Hype

The notorious dogecoin has been moving northbound in value once again climbing more than 17% during the last 24 hours and 32% over the course of the week. Currently, across social media platforms like Twitter, Tiktok, and Facebook, the hashtag #dogecointo1dollar has been trending. Meanwhile, a number of other meme-based digital assets that leverage the Shiba Inu dog breed as a name or logo have also seen significant jumps in value. Dogecoin Spike 17% This Weekend, Supporters Blast the Brand Across Social Media When programmers Billy Markus and Jackson Palmer launched the Dogecoin (DOGE) network on December 6, 2013, they never expected the meme-based crypto-asset would grow so wildly. In fact, the Shiba Inu dog-inspired cryptocurrency crafted over 7 years and 8 months ago as a joke, is now a $44.42 billion economy. On Sunday, August 15, Dogecoin supporters have been rallying on Tiktok, Twitter, and Facebook with the hashtag #dogecointo1dollar. At the time of writing, the hashtag t...
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T-Mobile looking into potential hack of data on 100 million customers

The hacker purportedly plans to sell a subset of their stolen information 6 BTC ($286,000). U.S. telecom giant T-Mobile is looking into an alleged massive data breach that may have compromised more than 100 million users. According to Vice's Motherboard, T-Mobile is investigating an alleged data breach claimed by the author of the post on an underground forum. The Aug. 15 report says the hacker claims to have obtained data on more than 100 million customers from T-Mobile servers. The seller is asking for 6 BTC — approximately $287,000 at current prices, in exchange for some of the data. Motherboard has seen samples of the data which include social security numbers, phone numbers, names, physical addresses, unique IMEI numbers and driver license information. The seller told the outlet that they are privately selling most of the data at the moment, but will hand over a subset of the data containing 30 million social security numbers and driver licenses for the BTC ransom. Ref...
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English Premier League Team Features Dogecoin for 2021-22 Season — Players Wear DOGE Logo on Sleeves

English Premier League football players with the Watford Football Club are now wearing the logo representing the meme cryptocurrency dogecoin for the 2021-22 season. The team wore the image for bitcoin in the previous season. Dogecoin Promotion at English Premier League Matches The players of the Watford Football Club, an English professional football team based in Watford, Hertfordshire, are wearing the dogecoin logo on their sleeves. The team plays in the Premier League, also called English Premier League or the EPL, the first tier of English football. The Athletic publication reported Saturday that “Watford’s shirt sleeve sponsor for the 2021-22 season will be cryptocurrency dogecoin.” The publication detailed: The deal — a collaboration with main shirt sponsors Stake.com — will be worth in the region of £700,000 [$970,000] to the Premier League newcomers and could break their previous sleeve partnership with bitcoin of £1 million if it gains global traction. During the Pre...
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Crypto-Friendly Bank Backed by Warren Buffett’s Berkshire Hathaway Plans $2 Billion IPO on Nasdaq

Nubank, a Brazilian digital bank backed by Warren Buffett’s Berkshire Hathaway, is reportedly planning an initial public offering (IPO) on Nasdaq. Nubank is crypto-friendly and offers investments in a bitcoin exchange-traded fund (ETF). The bank said, “The cryptocurrency ETF can be a way to further democratize access to the crypto market.” Digital Bank Backed by Warren Buffett’s Berkshire Hathaway Reportedly Plans to IPO on Nasdaq Nu Pagamentos SA, also known as Nubank, is planning an initial public offering (IPO) of more than $2 billion on the Nasdaq stock exchange for the end of this year, Bloomberg reported Thursday, citing people familiar with the matter. Nubank is backed by billionaire Warren Buffett’s Berkshire Hathaway Inc. In June, Berkshire invested $500 million in the Sao Paulo-based digital bank which has more than 40 million clients throughout Latin America. According to the people, Nubank may seek a valuation of more than $40 billion. However, details may change as d...
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3 reasons why Gitcoin (GTC) price has rallied 100% in a month

A push to decentralize the grant distribution process, new DAO governance features and a growing ecosystem all back GTC’s 100% rally over the past month. As the blockchain industry expands and becomes more of a fixture in everyday life, the idea of 'one chain to rule them all’ and the general ideology of blockchain maximalism is beginning to fall to the wayside and the focus on interoperability and cross-chain collaboration is coming to the forefront. One project that is specifically designed to help advance the ecosystem as a whole and develop the future of the open internet is Gitcoin (GTC), a community of builders, creators and protocols. Data from Cointelegraph Markets Pro and TradingView shows that the price of GTC has swelled 103% from a low of $4.78 on July 20 to a high at $9.71 on Aug. 11 as new participants aligned with the project and its goal of advancing the Web3 infrastructure. GTC/USDT 4-hour chart. Source: TradingView Three reasons behind the recent streng...
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Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: report

Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill. The United States Treasury Department is reportedly seeking to clarify the definition of brokers in the bipartisan infrastructure bill passed by the Senate last week, offering cautious reassurance that the new legislation won’t impact innovation and growth in the blockchain industry.  As reported by Bloomberg, the Treasury Department is preparing guidance on what types of crypto companies will be required to comply with new IRS reporting requirements. The report indicated that the definition of “broker” could be narrowed from what many fear would include protocol developers and wallet providers that currently operate in the cryptocurrency industry. A Treasury official reportedly told Bloomberg that developers, miners and wallet providers won’t be subjected to the new reporting re...
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Central Bank of Iran Should Regulate Cryptocurrencies, Securities Watchdog Says

With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital Market Regulator to Look Into Crypto Trading if Central Bank Regulates Cryptocurrencies Iran’s Securities and Exchange Organization (SEO) has no immediate plans for hosting cryptocurrency trade in the country’s capital market but that may change if cryptocurrencies are properly regulated. That’s according to a statement by Mohammad Ali Dehqan who heads the authority. Quoted by the Ibena news agency and the English-language Iranian business daily Financial Tribune, Dehqan noted that government rules for the mining of cryptocurrencies are currently the only crypto-related regulations. He further insisted: Use of the mined cryptocurrency by the people is what the CBI should be dealing with. T...
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Leonicorn Swap Token ($LEOS) Is Now Trading on BitMart

PRESS RELEASE. BitMart has listed $LEOS, the utility token powering the Leonicorn Swap platform. Based on the Binance Smart Chain (BSC) ecosystem, the $LEOS token is also available on the PancakeSwap decentralized exchange. $LEOS is the native token from the Leonicorn Swap, a decentralized exchange (DEX) created to solve the issues found in the current centralized and decentralized exchange ecosystem, providing a full suite of Decentralized Finance (DeFi) products in a single platform. At its core, the Leonicorn Swap exchange aims to tackle the most common issues found in the CeFi industry, including security concerns, high transaction fees, low withdrawal limits, along with other pitfalls of centralized management such as high listing requirements for up and coming cryptocurrency projects and the mismanagement of funds by exchange operators. While doing so, Leonicorn Swap also tackles the pitfalls of the most commonly used DEXs, the majority of which run on the Ethereum blockchain...
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The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World

Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this point in time, the U.S. economy has never been the same as many believe Richard Nixon ushered in a new era of uncontrollable fiat currency creation. 50 Years Ago Today, Nixon Shook the World Today is the anniversary of when U.S. president Richard Milhous Nixon told the American public on August 15, 1971, that the administration along with the Treasury would immediately suspend the U.S. dollar’s convertibility into gold. Nixon essentially revealed the removal of the gold standard from the dollar and it would never return. Moreover, what the American public isn’t fully aware of is why Nixon and his cronies decided to remove the gold standard. Richard Nixon’s Vietnam War expenditure sparked the onset of a new fiat era. The reason why Nixon removed the gold standard is because the U.S. could no...
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Top 5 cryptocurrencies to watch this week: BTC, ETC, LUNA, KLAY, AXS

Bitcoin bulls are looking for BTC to rebound off a support zone and if confirmed, ETC, LUNA, KLAY and AXS could push higher. Bitcoin ( BTC ) is facing a stiff challenge from the bears near the $48,000 mark. As Cointelegraph reported earlier , the buy and sell levels show that sellers on Binance have held their ground at $48,000. PlanB, the creator of the stock-to-flow Bitcoin price model, said if Bitcoin manages to close August above $47,000 , the year-end "worst-case scenario" target price of $135,000 may come into play. Despite the slight downturn, the institutional adoption of Bitcoin continues to increase. Filings with the United States Securities and Exchange Commission show that four wealth management firms have bought shares in Grayscale’s Bitcoin Investment Trust. Crypto market data daily view. Source: Coin360 A survey of about 42,000 people in 27 countries by product comparison website Finder, showed a high adoption rate in Asia. Among the countries polled,...
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Mi Store Portugal Reveals Crypto Acceptance, Xiaomi Says ‘Decision Was Made Without Knowledge or Approval’

On August 5, the Mi Store in Portugal announced that it was accepting cryptocurrencies including bitcoin, ethereum, tether, and dash. At the time, the Mi Store Portugal said it was working with the blockchain payments company Utrust in order to be more “inclusive.” However, the Mi Store parent company Xiaomi Corporation, which stems from China, responded to the store’s decision to accept crypto and said it does not control the “autonomy of third-party stores.” Mi Store Portugal’s Crypto Acceptance Decision Didn’t Go as Planned Digital currency fans from Portugal got excited when they learned the Mi Store from their region announced it was accepting cryptocurrencies for payments. The Mi Store sells Xiaomi brand smartphones and accessories and the retail store told its Facebook followers on August 5, it would accept bitcoin, ethereum, tether, and dash for payments. Screenshot of the Mi Store in Portugal’s social media post. However, the post has been deleted but a number of sleu...
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GoSats launches Bitcoin cashback rewards card in India

Users will be able to earn yield paid in BTC on all the rewards they’ve accumulated through the app. Bitcoin ( BTC ) rewards company GoSats has launched a new cashback rewards card for customers in India, potentially setting the stage for wider mainstream adoption of digital assets in the world’s second-most populous country.  The new product is being introduced in partnership with the National Payments Corporation of India, also known as NPCI, which is a not-for-profit organisation dedicated to promoting digital payments and settlement systems across the country. The organization was founded in December 2008 and is under the direct ownership of the Reserve Bank of India. The GoSats rewards card, which is accessible through mobile app and browser extension, allows users to earn cashback paid in BTC while shopping at major brands such as Amazon, Starbucks and Flipkart. The NPCI partnership suggests that GoSats is looking to avoid any regulatory hurdles in rolling out its servic...
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Homeowners Offered Crypto-Backed Loans to Finance Home Improvement Projects

As buying a home is by itself a serious investment, homeowners often lack the cash to fund further improvements to their property. While traditional bank loans are not as easily available, a new partnership now offers crypto holders to use their digital assets as collateral and instantly borrow money for a kitchen remodeling or some other renovation. Crypto Lending Platform Partners With Construction Company Many homeowners find it hard to finance home improvement projects that would raise their living standards as they are stuck with the low liquidity of their properties. Applying for a home equity line of credit (HELOC) or other bank loans involves credit checks and approval takes a long time. Crypto-asset lending firm Pledge has joined forces with 247pro.com , a construction estimate and management platform, to offer cryptocurrency holders among homeowners quick access to home improvement loans they can take against their digital coins. The two companies have recently signed...
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