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Showing posts from October 5, 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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Mirror opens access to its blockchain blogging platform to all

The Mirror Protocol now accepts any contributor as long as they have an Ethereum address and wallet. Ethereum-based decentralized blogging platform Mirror has opened its doors to the wider public after months of running vote-based contributions only. Mirror was launched in December 2020 to enable selected writers to publish on the decentralized blogging platform. Contributors could gain access by getting voted for in weekly competitions using the platform’s native token WRITE, with just ten content creators selected per week. In an announcement on Oct. 6, Mirror stated that it has now done away with this system and has opened up to anyone with an Ethereum address and wallet. Unlike most large commercial blogging platforms that sell advertising to traffic generated by content, publishers on Mirror control their own content as it is stored on a decentralized blockchain instead of company servers. That content is cryptographically secure so cannot be modified or corrupted and users c...
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ADALend’s Revolutionary GM for an Evolutionary Cardano Based DeFi

DeFi continues to show the world that the future of finance will forever change from its old and traditional form, developed by solving problems individuals and institutions face with mainstream banks. ADALend continues the string of innovations in DeFi under the guidance of its GM. Javed Khattak , A qualified actuary (FIA), an award winning C-suite executive, and a successful serial entrepreneur who was awarded CFO of the year in 2018 by Wealth & Finance magazine, listed in the the top 20 individuals behind ICOs in 2017, a track record of financial ingenuity and excellence. The Future of DeFi Leadership ADALend’s GM hails from a better-suited background to tackle the problems facing the DeFi ecosystems plagued by professionals who have more to do with programming and less to do with financing. Individuals who rely on DeFi projects to store and maintain their savings are increasing day by day. Someone who knows about actuarial science leading ADALend is a rare asset, with...
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Mr.Wonderful’s crypto allocation is now larger than his gold holdings

Shark Tank star Kevin O’Leary stated that “Crypto for the first time is more than gold for me” and doesn’t see a situation where crypto “goes away” as a result of regulation. Entrepreneur and Shark Tank star Kevin O’Leary, also known as Mr. Wonderful. has revealed he now holds more crypto than gold. During an interview hosted by Daniela Cambone from Stansberry Research, O’Leary stated that his investment portfolio has a larger exposure to crypto than gold, however, he still advocates for holding both as they are “two different asset classes” and that comparisons between gold and Bitcoin are irrelevant: “I have 5% in gold. Crypto for the first time is more than gold for me, and I'm going to keep my gold. I see no reason to sell it.” “The best way to look at it, if you’re an investor, either you believe in decentralized finance and centralized finance, and you believe in Bitcoin and Ethereum and the blockchain, or you don't. If you don't, stay in gold as a hedge, and i...
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Laos partners with Soramitsu on CBDC research as regulated crypto mining begins

Soramitsu, the firm that helped build Cambodia’s Bakong digital payments system, will work with the Laos government to research what a Laotian CBDC might look like. Laos has become the latest nation to begin exploring a central bank digital currency (CBDC), announcing upcoming research on the subject in partnership with Japanese distributed ledger technology (DLT) firm Soramitsu. According to an Oct. 3 report from Nikkei Asia, the project is expected to begin this month and follows the signing of a memorandum of understanding between Laos’ central bank and the Japan International Cooperation Agency to study the development of CBDC. The study will assess the operations of banks and other financial intermediaries within the financial system, in addition to assessing the broader transactional needs of the Laotian public The report states that a CBDC would offer Laotian policymakers better economic data, and could pave the way for cross-border CBDC-based settlements with its neighbor...
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American Collectibles Giant Topps Launches Series 2 MLB NFT Collection

The American company that produces Bazooka chewing gum, candy, and collectibles, Topps Company, Inc., announced the launch of the second series 2021 Topps Baseball NFT collection. The latest non-fungible token products from Topps follow the company’s MLB Inception NFT collection release. The collectibles company Topps says that it’s the firm’s largest MLB NFT launch ever. Topps Launches Series 2 MLB NFT Collection At the end of August, the collectibles firm Topps launched the first series of its 2021 NFT Major League Baseball (MLB) NFT collection called “Inception.” A month later in October, Topps introduced the second series of NFT MLB collectibles via the blockchain protocol Avalanche. The new NFTs are based on the sold-out 2021 Topps Series 2 Baseball physical product and can be obtained via toppsnfts.com . Standard and premium packs of the 2021 Topps Series 2 Baseball NFT collection started selling on October 4 and the NFT collectibles contain card rarities ranging from comm...
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Gensler confirms SEC won't ban crypto ... but Congress could

Representative Tom McHenry believes Gary Gensler’s SEC has disregarded standard practice when going after crypto. Gary Gensler, the head of the U.S. The Securities and Exchange Commission has confirmed that his agency does not have the authority or intention to ban cryptocurrency. While responding to questions during an Oct. 5 House Committee on Financial Services hearing , Gensler emphasized that prohibiting crypto does not fall within the SEC’s mandate, stating: “That would be up to Congress.” “It's a matter of how we get this field within the investor consumer protection that we have and also working with bank regulators and others — how do we ensure that the Treasury department has it within anti-money laundering, tax compliance,” Gensler said. “Many of these tokens do meet the test of being an investment contract, or a note, or a security,” he added, emphasizing the need to bring crypto “within the investor protection remit of the SEC.” Gensler also noted “the financial ...
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Cosmos sees 1 million transfers in a month across the ecosystem

The Inter Blockchain Communication protocol that powers Cosmos has been growing steadily over the past 6 months. The Cosmos cross-chain network has been growing steadily along with the projects that run on top of it and it’s just reached a milestone in terms of activity. The Inter Blockchain Communication protocol (IBC), which is the backbone of the Cosmos ecosystem, has seen a surge in activity over the past month with more thanone million transfers logged. Cosmos launched the IBC in March to enable cross-chain decentralized finance and interoperable nonfungible token transfers. Over the past six months, it has grown substantially, onboarding new projects and blockchains into the ecosystem. Other notable projects operating on the protocol include Terra, Band, Kava, and THORchain’s Chaosnet. One million IBC transfers in 30 days... Probably nothing. #cosmos $atom pic.twitter.com/U4UVAsLRDd — Documenting Cosmos ⚛ (@DocumentingATOM) October 3, 2021 The Mapofzones Cosmos ec...
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Billionaire Ken Griffin slams crypto as ‘jihadist call’ against the greenback

Hedge fund manager Ken Griffin signaled out crypto as a threat to the US dollar, and stated that "I wish all this passion and energy that went to crypto was directed towards making the United States stronger." Hedge fund billionaire Ken Griffin and former U.S. President Donald Trump have both slammed digital currencies as a threat to the U.S. dollar. Griffin, the founder of the $38 billion hedge fund Citadel LLC, told the Economic Club of Chicago on Oct. 4, tha t crypto is "a jihadist call that we don't believe in the dollar."  He expressed his dismay over the younger generation working on dollar alternatives in the crypto sector: "What a crazy concept this is, that we as a country embrace so many bright, young, talented people to come up with a replacement for our reserve currency." "I wish all this passion and energy that went to crypto was directed towards making the United States stronger," he added. Griffin however doesn't not ...
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US Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients

US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said. US Bank’s Crypto Custody Services Now Live U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund Services clients. U.S. Bancorp, with nearly 70,000 employees and $559 billion in assets as of June 30, is the parent company of U.S. Bank, the fifth-largest bank in the country. The Minneapolis-based company serves millions of customers locally, nationally, and globally. U.S. Bank Wealth Management and Investment Services has more than $8.6 trillion in assets under custody and administration and $282 billion in assets under management globally as of June 30. The announcement details: The services are intended for institutional investment managers with private funds in the U.S. or Cayman Islands who would like a safekeeping soluti...
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Bitcoin price pushes through $51K, extending bulls’ short-term target to $56K

BTC price broke out of its multi-month long range, securing a daily close above $50,000 and prompting traders to extend their short-term target to $56,000. The early morning momentum that pushed Bitcoin ( BTC ) above $50,000 on Oct. 5 continued throughout the day after bulls took control of the market and bid the price of BTC up near the $51,900. Data from Cointelegraph Markets Pro and TradingView shows that after a brief period of consolidation, bulls resumed their drive higher and many analysts are watching to see if BTC price holds the $50,000 level as support. BTC/USDT 4-hour chart. Source: TradingView Since touching $40,885 on Sept. 29, BTC price has rallied 26.8% and reignited traders' hope for a year-end close above the $100,000 mark, a level which has become the de facto price target for the end of 2021. Bitcoin to 100k is less than a 2x from current prices. Let that sink in for a bit. — Ryan Cantering Clark (@CanteringClark) October 5, 2021 Hold your horse...
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Family of Popular NFT Projects Launch Collaborative Initiative and Genesis Collection

On Tuesday, a new Draper Goren Holm incubated company called NFT.FAMILY has announced the launch of a new generative non-fungible token (NFT) collection called “Boring Stone.” The new company stems from community members from Fameladysquad, Bored Ape Yacht Club, and Blockchain & Booze. ‘Utilizing Technologies to Build and Empower Our Own Community’ Non-fungible token (NFT) assets are very popular in 2021 and a group of community members from Blockchain & Booze, Bored Ape Yacht Club (BAYC) and Fameladysquad have formed NFT.FAMILY. The new company is backed by Draper Goren Holm , a blockchain venture studio founded by Alon Goren and Josef Holm. The members wholeheartedly believe that digital currencies and NFT communities are very important. A member of the team dubbed ‘Theehustlehouse’ explains that “Crypto is all about community.” “We’re utilizing these new and exciting technologies to build and empower our own community,” Theehustlehouse detailed. “This is just the start;...
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IHC: Wilder to Land a Blow for Crypto

PRESS RELEASE. LAS VEGAS & ULAANBAATAR – On Saturday 9 October, Deontay “The Bronze Bomber” Wilder will be defending the United States’ honor once more. Known for being the first American World Heavyweight Champion since 2004, which was the longest period of time in boxing history without an American Heavyweight Champion, Wilder will rise to the occasion once more. When he steps into the ring at the T-Mobile Arena in Las Vegas to take on the WBC World Heavyweight Champion, Tyson Fury, Wilder will be fighting for the outsider – and a group of rebel crypto-warriors who look to shake up the financial world. In fight trunks sponsored by Inflation Hedging Coin (IHC) , a new crypto asset developed by a group of visionary Mongolian entrepreneurs, Wilder seems to have found the perfect sponsor. IHC has been built to exploit the potential of blockchain to stave off the inflationary effects inherent in the oversupply of fiat currencies. “Wilder’s ongoing crusade for social justice is par...
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VORTECS™ Report: How this quant-style indicator foreshadowed Axie Infinity’s rally to a new ATH

AXS wrested control of the 2021 bull market to become one of the top-performing tokens, and Cointelegraph’s Markets Pro indicators accurately tracked each step of the journey. Every week, subscribers of Cointelegraph’s Markets Pro data analytics platform receive a detailed breakdown of the top performers of the week and the VORTECS™ Score indicator’s performance in tracking potential bullish and bearish developments. Here are some of the highlights of the latest report: Axie Infinity Shard (AXS) recorded a new all-time high following a strong VORTECS™ Score. Three out of ten top price movers flashed a VORTECS™ Score of 80 or higher before peaking. NewsQuakes™ alerts gave traders an early signal for NEAR’s and RAY’s double-digit rally. The all-time top VORTECS™ Scorers’ average gains against Bitcoin ( BTC ) demonstrated that the greatest returns come 24 and 72 hours after assets flash scores of 80 and 90. Community members shared information on interesting tokens and successfu...
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Robinhood launches 24/7 phone support, crypto users included

An influx of new users to the trading app and high demand for crypto products had previously resulted in longer customer service wait times. Popular trading app Robinhood announced Tuesday that it has launched round-the-clock phone support to better serve its ever-growing userbase, including the millions of users who’ve signed up to access cryptocurrency investments.  Users of the app will now be able to speak with a live customer service representative 24 hours a day, seven days a week, regardless of holidays. The company said the 24/7 support line is part of a broader effort to expand reliability and accessibility, as well as answer time-sensitive requests from its customers. To access the service, users can request a call through the Robinhood app and receive a notification when they are next in line for a phone conversation. A Robinhood representative will then initiate the call. Christine Brown, the chief operating officer of Robinhood Crypto, told Cointelegraph that th...
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While Politicians Worldwide Clamor Over Tax Evasion, Pandora Papers Show Bureaucrats Are the Worst Offenders

As bureaucrats across the globe continue to ask the common citizenry for access to every financial decision they make, politicians and celebrities worldwide are hiding large amounts of wealth in tax havens according to the Pandora Papers. While American politicians like the Biden administration claim to be against tax corruption, some people view the U.S. as the world’s “main tax lagoon.” Pandora Papers Expose Hypocrisy Among Bureaucrats Worldwide, US Public Officials Manage to Escape Investigation During the last month, the Biden administration and other U.S. politicians have been discussing proposed legislation that aims to address tax evasion by the so-called billionaire class and corporate entities. One proposal aims to give the U.S. Internal Revenue Service (IRS) access to bank account information, regardless of tax liability. If enacted, financial institutions across the country would have to report accounts with at least $600 worth of transactions or more. Another proposal ...
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Liquid network block production resumes following transaction processing issues

Pending Liquid transactions had been queued in the mempool for roughly 22 hours after the network reported an issue which caused "block signer nodes failing to validate certain parameters against each other." Block production on Blockstream’s Liquid network has resumed after technical problems related to a functionary upgrade caused many transactions to queue for hours. In an Oct. 5 update from a Liquid oversight board member identified only as Wiz, Liquid’s failsafe mode was activated yesterday as “an unexpected issue occurred causing block signer nodes failing to validate certain parameters against each other.” As a result, the network stopped producing blocks and transactions steadily queued in the Liquid mempool for roughly 22 hours starting at approximately 5:19 PM EST on Oct. 4. Liquid mempool transactions. Source: Liquid Network  Wiz reported Liquid developers have upgraded 10 of the 15 functionaries, with block production expected to resume once one more has b...
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Bitcoin price is back at $50K, but exactly how 'bullish' are the bulls?

BTC's futures markets premium and options risk gauge show that there are not any signs of excessive leverage or FOMO from traders — yet. Cryptocurrency markets rallied 12.5% over the past seven days to reach a $2.44 trillion market capitalization. However, that move doesn't seem to be inspiring confidence because the same level was tested 16 days ago when a 27% retrace followed ether's (ETH) attempt to break $3,650 over the next six days.  Regulation seems to be a key concerning factor for buyers as the U.S. House of Representatives is expected to vote on the $1 trillion infrastructure bill this month. In addition to defining who qualifies as a broker, the legislation would impose anti-money laundering (AML) and know-your-customer (KYC) type requirements on many kinds of cryptocurrency transactions, which could also be detrimental for DeFi protocols. Top eight cryptos 7 and 30-day performances. Source: CoinMarketCap As shown above, the negative performance seen in t...
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Traders pile into altcoins after Bitcoin bulls take hold of $50K

LINA, SCRT and PRE each rallied by 20% and Bitcoin’s attempt to flip $50,000 to support could extend the current rally seen across the altcoin market. Bitcoin is back above $50,000 and bulls are currently attempting to secure a daily close above the oft disputed level.  The strength seen in BTC has also helped kickstart momentum in the altcoins and at the time of writing, several tokens are seeing gains in excess of 20%. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Linear (LINA), Secret (SCRT) and Presearch (PRE). LINA moves closer to launching full governance features Linear is a decentralized delta-one asset protocol that is cross-chain compatible between the Ethereum (ETH) network and the Binance Smart Chain (BSC). The network supports the creation, trading and management of liquid synthetic assets. According to data...
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US lawmaker proposes safe harbor for digital tokens in new bill

The “Clarity for Digital Tokens Act of 2021” bill seemingly builds on an initiative from SEC commissioner Hester Peirce, who has called for creating a safe harbor for projects that raise funds to build decentralized networks. North Carolina House Representative Patrick McHenry has proposed a bill which would amend one of the laws governing the Securities and Exchange Commission to provide a safe harbor for certain token projects. In a draft of the “Clarity for Digital Tokens Act of 2021” provided by the House Committee on Financial Services, McHenry suggested amending the Securities Act of 1933 to establish a safe harbor for token development teams. He proposed letting projects offer tokens without registering for up to three years, during which time teams would be given the opportunity to create a fully decentralized network. McHenry’s bill seemingly builds on an initiative from Securities and Exchange Commission, or SEC, commissioner Hester Peirce, who has called for creating a ...
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Bitcoin taps $50K for first time in one month amid heavy BTC price volatility

Markets are anything but calm on Tuesday as bulls grapple for control of significant price points. Bitcoin ( BTC ) hit $50,000 for the first time in a month on Oct. 5 as a triumphant return to form continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price hits one-month high Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD adding another 5% Tuesday to briefly return to the psychologically significant price point. The latest success of Bitcoin’s “Uptober,” bears were swept aside as resistance levels tumbled. The largest cryptocurrency had benefited from macro uncertainty , compounded by a mass social media outage impacting Facebook, Instagram and others. For Cointelegraph contributor Michaël van de Poppe, a look at previous price behavior suggested upside was the more likely conclusion for current movements, with a dip likewise limited in scope. “Given the conclusion from historical price action, it seems more likely that Bitc...
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Bitwage Raises $1.5 Million in Latest Funding Round

Bitwage, the pioneer cryptocurrency-based payroll and invoicing company, has raised $1.5 million in its latest funding round. The funding round had participation from Draper Associates and Max Keiser’s Heisenberg Capital, using Bnktothefuture, a platform designed for making online investments. Bitwage will use these funds to extend its functionalities, now that it is facing competition from Coinbase, which launched a similar service for U.S. citizens. Bitwage Raises $1.5 Million Dollars in 55 Hours Bitwage, one of the pioneer companies in cryptocurrency payrolls and invoicing services, has closed a funding round raising $1.5 million in the process. The round was undertaken using Bnktothefuture, an online platform that allows registered investors to support projects directly. The company reached its goal in 55 hours and had the participation of Draper Associates and Max Keiser’s Heisenberg Capital. The funds will be used to further cement the status of the company in the crypto pay...
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Canadian Bitcoin mining firm Link Global faces $5.6M penalty

Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action. Link Global Technologies, a Bitcoin ( BTC ) mining company listed on the Canadian Securities Exchange, is facing major potential penalties for operating unauthorized power plants in the province of Alberta. The Alberta Utilities Commission (AUC), the province’s power utility regulator, issued Sept. 24 another enforcement submission against Link Global, with enforcement staff recommending several penalties for violations of Alberta’s legislative requirements. According to a document shared with Cointelegraph, the AUC’s enforcement staff recommended that Link Global should pay an economic disgorgement of about 2 million Canadian dollars (CAD) ($1.6 million) for financial gains from the unlawful electricity generation. The regulator is seeking over 5 million CAD ($4 million) from Link Global’s Bitcoin mining operations, based on the AUC’s calculations of Link Global’s allege...
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Bitcoin beats stocks, commodities to best performing asset of 2021

BTC is up almost 50% this year overall, brushing aside corrections and increasingly decoupling from the macro environment in Q4. Bitcoin ( BTC ) is officially the best performing asset of 2021, data now confirms. As October delivers 15% gains in five days, BTC firmly outperforms macro assets worldwide to seal year-to-date returns of just under 50%. Bitcoin hodlers up 49% year-to-date Despite Bitcoin's wild ride throughout the year, downside has failed to grip the market, with a 60% retracement from highs in May now all but cancelled out. The largest cryptocurrency is thus at least 13% ahead of commodities for the year, figures show this week, and 17% ahead of United States micro cap companies.  Compared to how some other investments performed, the picture is even rosier for BTC hodlers. European stocks, for example, are up just 10.3% year-to-date this week. "After the strong Q3 performance Bitcoin is now up +49.1% year-to-date," the @Bitcoin Twitter account comme...
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