Day: September 16, 2022

"I’m 100% Invested in Crypto,” Raoul Pal On Crypto Opportunity

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Possession of Bitcoin still legal in China despite the ban, lawyer says

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Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property protected by the law. One of the world’s most hostile countries toward Bitcoin (BTC), China has not yet banned the possession of cryptocurrencies, according to David Lesperance, founder of Lesperance & Associates law firm. Crypto holders in China are protected by the law in case of theft, misappropriation or breach of a loan agreement, Lesperance told Cointelegraph. He emphasized that crypto exchanges are still banned in…

Spanish Soccer First Division Laliga to Be Featured in Decentraland’s Metaverse – Bitcoin News

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Laliga, the Spanish soccer first division organization, has established a strategic partnership with Stadioplus and Vegas City Limited, two metaverse-related companies, to digitize part of its activities to offer new experiences in Decentraland, an Ethereum-based metaverse. With this move, Laliga aims to bring new fans from all over the world to new experiences in virtual worlds. Spanish Laliga Preparing Metaverse Entrance After the Covid-19 pandemic, many sports organizations and leagues around the world have started to pay more attention to their digital strategies as a way of opening new revenue…

The advantages of decentralization in Web3

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With the convenience of centralization seemingly threatening the original crypto vision, decentralization will still help escape a potential dystopian future, according to a panel discussion at the DeData Salon 2022 conference held in Berlin, Germany.  Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion dubbed “Shaping The Next Economic Era With Web3 Technology.” Panelists included Paul Claudius, the co-founder of DIA; Hoon Kim, the chief technology officer of the AStar Network; Matt Gurbiel, growth manager at Redstone Finance and Riccardo Lamanna, the founder of OpenQ. Cornèr, Lamanna, Gurbiel, Kim and Claudius at the…

B․Duck Enters Web3 With GigaSpace Metaverse Partnership – Press release Bitcoin News

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press release PRESS RELEASE. B.Duck, a global character IP, is entering Web3 with its first metaverse partnership with GigaSpace, working alongside MADworld to establish a Web3 blueprint for brands and IPs in the metaverse. Created by the Hong Kong-listed company Semk Holdings International Limited (2250 HK), B.Duck joins the initiative “Project Spaceport” by acquiring land NFTs in the GigaSpace and will build experiences to bring joy, positivity, and fun to its 10+ million fans around the world. Brought into the digital world by the NFT platform MADworld, B.Duck has already…

El Salvador’s pro-Bitcoin president Nayib Bukele announces reelection bid

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In an Independence Day live streaming event on Sept. 15, El Salvador President Nayib Bukele announced his bid for reelection after his current term ends in 2024. Bukele’s announcement comes even though past presidents in El Salvador were prohibited by law from having consecutive terms in office. The president highlighted that: “Developed countries have reelection, and thanks to the new configuration of the democratic institution of our country, now El Salvador will too.” Overall, Bukele shows signs of solid support, as a CID Gallup poll conducted last month revealed an…

Ethereum Merge Has Tied Ether Futures Activity to Staking Yields, Traders Say

The bigger the reward for staking, the greater the number of stakers and the stronger the demand for shorting or selling futures. That’s because staked ether cannot be withdrawn before the next upgrade called Shanghai fork, due in mid-2023, and will earn rewards in ETH, which makes stakers vulnerable to potential ether price slides. Therefore, they will likely hedge their ETH exposure by selling futures contracts tied to ether. Source

Celsius requests permission to sell off its stablecoins

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Celsius Networks, a crypto lending company that had frozen the withdrawals in June and has been proceeding through Chapter 11 bankruptcy since July, asked the United States Bankruptcy Court for the Southern District of New York for permission to sell its stablecoin holdings. This should let the company generate liquidity to help “fund the Debtors’ operations.” A notice was filed by the Celsius’ legal team from Kirkland & Ellis law firm on Sept. 15, a hearing where the court would accept or decline it will take place on Oct. 6.…