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Showing posts from September 11, 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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Marvel Comics Tells Freelance Artists Not to Mint Marvel-Brand NFTs, Publisher to ‘Introduce Opportunities for Creators’

Last March, the comic book publisher DC Comics told freelancers that intellectual property (IP) and characters owned by DC Comics were off-limits in regards to freelancers leveraging the IP for non-fungible token (NFT) asset sales. A recent report indicates that Marvel Comics has also told freelance artists that the sale of NFT products featuring Marvel’s IP is off-limits as well. DC Comics and Marvel Tell Freelance Artists to Hold Off on Auctioning NFTs Featuring Company’s IP A report published on Friday shows that the world’s largest comic book publisher Marvel Comics does not want artists to use Marvel’s products and IP for NFT sales. Back in March, Bitcoin.com News reported on DC Comics’ legal executive sending a letter to staffers and freelance artists telling them to cease and desist NFT initiatives that involved DC Comics’ IP. Before the letter went out, comic book artist José Delgo sold a Wonder Woman-themed NFT collection via Makersplace. “Please note that the offering f...
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61% of US Adults Do Not Oppose Bitcoin as Legal Tender, Survey Shows

Following El Salvador making bitcoin legal tender, a survey was conducted to ascertain whether U.S. adults support or oppose a similar move in the U.S. Among 4,912 adults who participated, 61% did not oppose. Majority of Adults in US Do Not Oppose Making Bitcoin Legal Tender, Survey Shows Yougov America Inc. conducted a survey Thursday to ascertain whether consumers are for or against adopting bitcoin as legal tender in the U.S. A total of 4,912 adults in the country participated in the survey. Yougov is an international research data and analytics group headquartered in London. Survey respondents were asked: “Would you support or oppose the U.S. making bitcoin a legal form of currency? This would mean that businesses would accept bitcoin in exchange for goods and services, in addition to continuing to accept the U.S. dollar.” According to the results, 11% said they “strongly support” and 16% said they “somewhat support.” Meanwhile, 11% said they “somewhat oppose,” 28% said they “...
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Bitcoin Could ‘Go up Significantly,’ Says CIO of World’s Largest Asset Manager Blackrock

The chief investment officer of the world’s largest asset manager, Blackrock, says he could see bitcoin going up significantly. “I like assets that are volatile that have upside convexity,” he said. Blackrock CIO Sees Significant Upside to Bitcoin Rick Rieder, Blackrock’s chief investment officer (CIO) of Global Fixed Income, was asked Friday in an interview with CNBC about his view on bitcoin now that the cryptocurrency is legal tender in a country. Blackrock is the world’s largest asset manager, with about $9.5 trillion in assets under management (AUM) at the end of the second quarter. Rieder is also the firm’s head of the Fundamental Fixed Income business and head of the Global Allocation Investment Team. He is responsible for roughly $2.4 trillion in assets. Rieder began by commenting on the popular opinion that cryptocurrency is either “a hedge or an alternative [currency].” Regarding cryptocurrency as a hedge, he said, “I’m not sure it’s a really great hedge,” citing its co...
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US SEC Issues Warning on Crypto Investment Scams Citing ‘Some Investors May Have FOMO’

The U.S. Securities and Exchange Commission (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent years. SEC Warns Investors of Crypto Scams The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) and Division of Enforcement’s Retail Strategy Task Force (RSTF) issued an Investor Alert on crypto investment scams last week. The notice explains that “Fraudsters continue to exploit the rising popularity of digital assets to lure retail investors into scams, often leading to devastating losses,” adding: Some investors may have FOMO [fear of missing out], given the rise in price of some digital assets in recent years, that they will miss an opportunity to become very wealthy. The notice outlines some warning signs of a scam. “Guaranteed high investment returns … with little or n...
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During September DBX Will Be Listed on the World’s Major Crypto Exchanges

PRESS RELEASE. TALLIN, ESTONIA -T he most interesting event of this fall is the listing of DBX tokens , that will be available around the world at the beginning of the season. The long-awaited listing of DBX will take place on 7 of the world’s most famous exchanges. The good news is that you can buy, sell, and exchange tokens right now. Someone has already purchased them during the presale. Next, you can see the complete list of cryptocurrency exchanges, where the cryptocurrency will be available: DBX DIGITAL ECOSYSTEM BitMart (from September 10, 2021), among the top 20 largest exchanges on the planet; Lbank (from September 15, 2021), Chinese exchange, known all over the world ; WhiteBit (from September 20, 2021), licensed exchange in Estonia; Latoken (from September 25, 2021), a platform that is included in the top-10, due to the turnover since 2019 Probit (from September 30, 2021), one of the largest exchanges in Europe, winner of many awards. More info about DBX It is ...
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Hip Hop Star Ja Rule Discusses the Growing NFT Space and Crypto — ‘I Like the Fact That Bitcoin Is Decentralized’

The non-fungible token (NFT) industry has exploded in 2021 as millions of dollars worth of cryptocurrencies continue to be traded for these blockchain collectibles every single day. This week, Bitcoin.com News chatted with the popular American rapper Ja Rule about NFTs as he has partnered with James Cropcho and Robert Testagrossa to build a marketplace called flipkick.io. Ja Rule Speaks About NFTs and Bitcoin, Fyre Festival, and the NFT Marketplace Flipkick.io Yesterday, Bitcoin.com News spoke with recording artist Ja Rule , who is well known for his chart-topping albums and songs like the number 1 hit “ Always on Time ” (featuring Ashanti) in 2002. The musician is now involved with non-fungible tokens and helped form a unique NFT marketplace with serial entrepreneur Robert Testagrossa and engineer James Cropcho. Flipkick.io is a full-service NFT marketplace that caters to artists, celebrities, and creators who want to monetize their work with physical NFTs. I’ve been off my NFT’...
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Project Dawn initiative and upcoming mainnet upgrade back LUNA’s new ATH

LUNA price rallied to a new high above $45 following the launch of the ‘Project Dawn’ funding initiative and the upcoming Columbus-5 mainnet upgrade. In the last 24-hours, Terra (LUNA), a blockchain protocol focused on building a global payments system powered by the UST stablecoin, rallied to a new all-time high at $45.  LUNA/USDT 1-day chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that since bottoming at a low of $5.61 on July 20, the price of LUNA has ripped 720% higher to a record high at $45 on Sept. 10. The swift rally also lifted the total value locked (TVL) on the Terra protocol to a new all-time high at $7.83 billion on Sept. 5, making Terra the fourth-ranked blockchain platform by TVL according to Defi Llama. Total value locked on Terra. Source: Defi Llama Related: Altcoin Roundup: Layer-one protocols chip away at Ethereum’s dominance . A new funding initiative boosts LUNA price A scroll through the project’s Twitter ...
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El Salvador buys the dip as Bitcoin Law goes live, 101 Bored Ape NFTs sold for $24M, Ukraine passes crypto legislation: Hodler’s Digest, Sept. 5-11

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 Ukraine passes legislation to recognize and regulate crypto The Ukrainian parliament adopted the draft law On Virtual Assets Wednesday, which legally recognizes crypto in the country for the first time. Anastasia Bratko of the Ministry of Digital Transformation said the law allows companies to launch digital asset markets in Ukraine and enables banks to open accounts for crypto companies. Earlier this week, Panama also introduced a bill that aims to recognize Bitcoin ( BTC ) as an alternative payment option and enable the freedom to use crypto assets. Russia also got in on the action, with Anatoly Aksakov the chairman of the Russian State Duma Committee on Financial Market claiming that lawmakers a...
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Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility Confiscates More Than 216,000 Mining Units From Unlicensed Miners in Iran Preventing blackouts remains a priority in Iran where electricity consumption is still higher than usual. Cryptocurrency miners, the majority of which are operating without authorization, have been blamed for electricity shortages throughout the summer. The hot weather this year led to increased use of air conditioning while limited rainfall negatively affected hydropower generation. The Iran Power Generation, Distribution and Transmission Company, Tavanir , is constantly tracking down illegal mining operations across the country. According to a recent report by the utility, the number of crypto farms the state-run enti...
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Stanford researcher-led Pledge raises $3M for decentralized lending protocol

Researchers from Stanford University and U.C. Berkeley contributed to the development of the crypto-asset lending platform. Decentralized lending protocol Pledge has secured $3 million in investments for its cross-chain ecosystem focused on long-term financing, highlighting the continued innovation in the DeFi sector.  The investment round was led by DHVC, a Palo Alto-based venture capital firm, with additional participation from U.C. Berkeley professor Gary LaBlanc and Stanford University community members Ray Wong and Torsten Wendl. The raise will aid Pledge in its mission to become a premier crypto-asset lending platform that eventually paves the way for tokenized real-world financial assets. Pledge was created by a group of blockchain-focused researchers at Stanford University, including professor David Tse, Nicole Chang, Ray Wong and Torsten Wendl. Aforementioned professor Gary LaBlanc also contributed to the protocol. Utilizing Binance Smart Chain , Pledge aims to facili...
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Trippy Bunny NFT donates 100% of mint proceeds to suicide prevention foundation

Cryptocurrency donations platform The Giving Block facilitated the contribution, which totaled nearly $221,000 in GUSD. Trippy Bunny NFT, a new nonfungible token project built on Solana, has announced that it is donating all of its mint sale proceeds to the American Foundation for Suicide Prevention. The announcement was made on Suicide Prevention Day, a global awareness event observed globally on Sept. 10. The annual awareness day was first organized in 2003 by the International Association for Suciide Prevention. Today, it has the support of the World Health Organization and the World Federation for Mental Health. BIG ANNOUNCEMENT FROM THE TRIPPY BUNNY TRIBE! Today is National Suicide Prevention Day and we've decided, as a team, to donate ALL the mint sales raised to @afspnational thru @TheGivingBlock . THATS $220,886 $GUSD TO HELP PREVENT SUICIDE! FULL ETHERSCAN: https://t.co/n5N69KsadP pic.twitter.com/LBFwahSBGn — Trippy Bunny Tribe (@TrippyBunnyNFT) September 1...
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$30 Million Crypto Scheme’s Leader Pleads Guilty, Facing up to 20 Years in Prison

The leader of a cryptocurrency scheme that swindled over $30 million from investors has pleaded guilty to fraud, the U.S. Department of Justice (DOJ) said. He now faces a maximum sentence of 20 years in prison. Leader of $30M Crypto Scheme Pleads Guilty to Fraud The U.S. Department of Justice (DOJ) announced Wednesday that Michael Ackerman has pleaded guilty to wire fraud. The Justice Department described that Ackerman is the leader of a “fake cryptocurrency investment scheme.” He “orchestrated a multimillion-dollar cryptocurrency investment scheme” and “admitted to causing victim losses of more than $30 million.” The DOJ elaborated: Ackerman, 52, of Sheffield Lake, Ohio, pled guilty today to one count of wire fraud, which carries a maximum sentence of 20 years in prison. According to court filings, in or around 2017, Ackerman and others started a purported cryptocurrency investment fund and recruited hundreds of investors. “The fund was an investment club that allowed its membe...
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NFT space is an exciting challenge to remain competitive, says Sean Kelly

Cointelegraph interviewed the founder of Chibi Dinos — an NFT project which raised over $2M — to discuss the potential of the NFT space. Chibi Dinos are a collection of 10,000 unique dinosaur-themed non-fungible tokens, or NFTs. The chibis — a phrase denoting the Japanese slang word for small — have been adopted by a variety of artists to portray short, big-headed caricature figures.  The chibis are unique in design and randomized in their rarity, a typical characteristic in NFT collections of this kind. Each sports the apparel of one of ten fictional basketball teams: Extinct Eaters or Jurassic Jumpers, among others. Chibi Dinos launched on the leading NFT marketplace OpenSea on Aug. 20 with an individual minting price of 0.06 Ether ( ETH ). In just 18 minutes, the entire collection sold out after garnering attention through the team’s engaging social media campaign. In total, the Chibi Dinos project recorded initial sales of $2 million, with a further $3.5 million generated ...
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India’s Central Bank RBI Still Has ‘Serious Concerns’ About Cryptocurrency

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has once again expressed concerns regarding the impact of cryptocurrencies on India’s financial stability. Crypto Presents ‘Serious Concerns’ to RBI The Indian government is currently awaiting the Cabinet to take up the crypto bill. However, the country’s central bank, the Reserve Bank of India (RBI), still has major concerns about cryptocurrencies. Governor Shaktikanta Das reportedly said Wednesday: We have serious, major concerns on cryptocurrency with respect to financial stability, [and] have conveyed the same to government of India. This is not the first time the RBI chief has voiced concerns regarding cryptocurrencies. In June, he similarly said : “We have major concerns on cryptocurrency, which we have conveyed to the government. With regard to advice to investors, well, central banks don’t give any investment advice. It’s up to each investor to make his own appraisal, to do his own due diligence and take a...
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Novi-FT? Facebook’s NFT support may not drive crypto adoption

Facebook is exploring NFT-functionality in its Novi–Diem ecosystem, but how will the technological solution measure up to existing platforms? Nonfungible tokens (NFT) have enjoyed quick adoption across the entertainment, media and sports space as the biggest brands, companies and individuals look to gain first-mover advantage in creating their own digital collectibles. These have come in myriad forms, and much like blockchain technology was touted to be pliable to any industry’s needs and problems, the imagination is the only limit when it comes to NFTs that are being created and traded around the world. Social media has made people more connected than ever before, and these various platforms have played a role in the introduction and proliferation of NFTs among distinct audiences. However, industry-leading behemoths like Facebook and Twitter have not quite onboarded blockchain technology into the inner fabric of their underlying systems. Users can post about exciting new NFT laun...
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