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Month: February 2022
Manchester United Selects Blockchain Firm Tezos as Technical Partner
Manchester United has inked a multi-year deal with Tezos, a proof-of-stake (POS) blockchain provider, as the clubโs training kit sponsor.ย The new partnership came after the deal expired with AON last season; Manchester Unitedโs first-team squad will, therefore, team up with a Tezos-branded training kit.ย In aย statement, Man. Utd. said that it chose Tezos because it is one of the providers of sustainable, reliable, and advanced blockchains needed to revolutionize how the club and fans interact.ย ย Victoria Timpson, Manchester Unitedโs CEO of Alliances and Partnerships, welcomed the partnership and said:…
Vietnam-Based Summoners Arena Raises $3M
Play-to-earn games in Asia continue to attract considerable interest from investors. Source
MakerDAO launches biggest ever bug bounty with $10M reward
MakerDAO has announced that it will begin offering a maximum of $10 million bounty to white hat hackers and cybersecurity specialists who point out legitimate security threats in its smart contracts. Makerโs (MAKER) plan to front-run attacks on its smart contracts is the largest ever on the bug bounty platform Immunefi. In fact if someone claimed the lot, it would equal the total amount of $10 million that Immunefi has paid out to date from active and inactive events. Its website claims the bugs found have averted up to $20…
Here’s How Soon Ethereum Might Target $3600
Ethereum has been zooming up on its charts over the past few days. In the last seven days, the altcoin posted double-digit gains as it secured a 20% increase in market value. Post the dip, Ethereum along with other major coins have followed similar kinds of price movement. At the time of writing, ETH was valued at $3230.12. Price action was considerably bullish today after weeks of consolidation as displayed by Ethereum. The altcoin toppled over its support level of $3085.60 and was seen hovering around the $3200 price level.…
Asset Manager Van Eck Says Stablecoins Should Be Treated as Investment Funds, Not Banks
Second, van Eck recommended not forcing tax withholdings on stablecoins in the future. That move would give stablecoins an opportunity to prove their value in the U.S. โMost stablecoins currently donโt pay dividends,โ he wrote. โWe need, however, to imagine a day when stablecoins pay interest and plan technologically and regulatorily for that day.โ Source
New Documents Detail Prosecutorsโ Concerns That Bitfinex Hack Laundering Suspects Would Flee
Lichtenstein, a dual U.S.-Russian citizen, was found to have a document on his computer called โpassport_ideasโ that contained stolen biographical information purchased from a darknet marketplace, as well as links to darknet marketplace providers of false identity documents, prosecutors said. Prosecutors also noted during the arraignment that Morgan was learning Russian, which the coupleโs lawyers dismissed as irrelevant. Source
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JPMorgan Predicts Long-Term Bitcoin Price of $150K โ Outlines Challenges Ahead โ Markets and Prices Bitcoin News
Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. โThe biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,โ JPMorganโs analysts explained. JPMorganโs Bitcoin Price Prediction Global investment bank JPMorgan has revealed its prediction for the long-term price of bitcoin as well as the cryptocurrencyโs fair value. JPMorgan Chase & Co.โs strategists, led by Nikolaos Panigirtzoglou, wrote in a research note published Tuesday…
Why Crypto Market Could Drop 80% Like Early Internet Company Stocks
The crypto market cap has recently begun to recover regaining $2 trillion. However, an analyst thinks a bear call could be in place given several similarities between the dot-com bubble in 2000 and the current crypto market. Related Reading |ย Crypto Market Cap Regained $2 Trillion With Bitcoin Reaching At $45K Crypto Mirrors The Internet. Good Or Bad News? Recent studies show that the adoption curve of cryptocurrencies is looking similar to the early adoption of the internet around 1993, which could point in at a hyper-inflection point to happen soon…