Droppers of btc

2021-03-06 12:00:30 ​​FC Barcelona Presidential Election Gets A USD 72M Crypto Twist

A leading candidate for the presidency of FC Barcelona, one of the most famous football clubs in the world, claims he has negotiated a deal that would reportedly see a Hong Kong crypto exchange become the club’s main shirt sponsor in a deal worth USD 71.7 million a year.

Per BeSoccer, the claims were made by the lawyer Toni Freixa, who will go head-to-head with Joan Laporta and Victor Font in an election on Sunday, March 7. The club’s supporters vote on the presidency in elections usually held every five years.

The media outlet La Vanguardia said the exchange in question is named DSDAQ, and quoted a European representative for the company as stated that it has been indeed been in talks with the Freixa team. The deal would only apply to shirts worn in matches played away from the Camp Nou, DSDAQ added, in a move that could placate many fans. Barcelona wore shirts without a sponsor logo until 2006, a fact that many of the club fans took enormous pride in.

Frexia did not mention the company by name, but stated that he was in “very advanced” talks with what he called an “investment fund based in Hong Kong and with a presence in Silicon Valley.”

DSDAQ says it was launched in December 2019 and says it has been backed to the tune of USD 1.5m in angel investment funding from the DraperDragon Innovation Fund III, which it describes as “a Silicon Valley VC associated with Tim Draper,” as well as Effotronics Asia, a firm it says has “a multi-billion family office based in Hong Kong.” Per DSDAQ's website, its founders are "Bart," "Matt," and "Edison" that have experience in Wall Street, fintech, and blockchain. Meanwhile, among major crypto market data providers, only CoiMarketCap lists DSDAQ. ADA/USDT is currently the main trading pair, reportedly responsible for 11% (USD 1.36bn) of the total volume.

Freixa had found himself behind in the polls – due in part to his association with the presidency of Josep Maria Bartomeu. The latter resigned in October last year after leaving the club in financial disarray. Financial issues have continued to blight Barcelona, and this week saw more chaos at the club, with four arrests and a police raid on the club’s HQ, as reported by the BBC.

But Freixa is hopeful of making a dramatic last-gasp turnaround – and claims that, if elected, his sponsorship deal would begin in the 2022-2023 season, bringing in a record-breaking windfall for the club. The deal, which Freixa said was in its “advanced stages,” would see the exchange’s name and logo displayed on the front of the Barcelona shirt, and represent a remarkable coup for the exchange.

Laporta is widely reported to be the favorite for the election, but Freixa appears hopeful that his late financial package will be attractive enough to turn heads ahead of the vote. Barca are currently second in La Liga, the Spanish first division, and are in desperate need of reinforcements.

Freixa has spoken of his plans to restructure the club’s finances in recent days – with his alleged DSDAQ deal plans evidently a key part of this – and claimed, in an interview on the El Larguero radio show, that he would spend money on bringing in new players in both “defensive and attacking positions.” Open / Comment

2021-03-02 20:00:49 ​​MoneyGram Slapped With Lawsuit Over Ripple, XRP Partnership

The money transfer firm MoneyGram is facing a class action lawsuit claiming that the company made false and/or misleading statements about its partnership with American blockchain company Ripple and the legal status of the XRP token.

Per a press release by Rosen Law Firm, the suit has already been filed, and on behalf of purchasers of the securities of MoneyGram between June 17, 2019 and February 22, 2021.

According to the lawsuit, in this period, defendants made false and/or misleading statements and/or failed to disclose that:

"XRP, the cryptocurrency that MoneyGram was utilizing as a part of its Ripple partnership, was viewed as an unregistered and therefore unlawful security by the US Securities and Exchange Commission (SEC);

in the event that the SEC decided to enforce the securities laws against Ripple, MoneyGram would be likely to lose the lucrative stream of market development fees that was critical to its financial results throughout the Class Period;

as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages."

The law firm claims that those who purchased "MoneyGram securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement."

A lead plaintiff is yet to be chosen.

MoneyGram and Ripple became partners, after the latter made a USD 30m initial investment in MoneyGram equity in June 2019. However, Ripple found itself in a long battle with the SEC over XRP, as the regulator claims that XRP is an unregistered security, which Ripple disputes.

MoneyGram recently claimed that its support for Ripple stayed in place, but still announced that it would suspend the receipt of "market development fees." Alex Holmes, the MoneyGram CEO, said at the time that they are "definitely supportive of Ripple's efforts, but at the same time, we have to do what is right for the organization."

In 2020, MoneyGram received USD 38m in net market development fees from Ripple in 2020, representing about 15% of the company’s adjusted earnings before interest, taxes, depreciation, and amortization. The company said it also faced logistical challenges in using the platform, as well as legal and reputational risks, following the lawsuit against Ripple. Open / Comment

2021-02-27 20:00:22 ​​MIT, Jack Dorsey & More Pour Resources into Bitcoin Development Efforts

Forward-thinking innovators are looking for new ways to power Bitcoin (BTC) development, with one of the world’s biggest tech universities, IT CEOs and entrepreneurial pop stars all turning their attention to the betterment of the Bitcoin network.

In the latest development, the Massachusetts Institute of Technology (MIT) has waded in via its MIT Media Lab-run Digital Currency Initiative (DCI).

The DCI has announced that as part of its new Bitcoin Software and Security Effort project, it will embark on a “four-year research and development program” to “harden the Bitcoin network and steward the industry's commitment to funding open-source software.

The DCI stated that it would be working with “industry leaders” on its initiative, which will see its project group work on Bitcoin Core development by “attracting domain experts in network and operating system security, compilers, programming languages and more to join the effort.”

The MIT group stated that it had already raised USD 4m worth of funding to help its cause, and hoped to raise double this amount over the long-term, with contributions coming from a number of leading BTC proponents and industry players – such as Twitter and Square chief Jack Dorsey, Fidelity Digital Assets, CoinShares, Cameron and Tyler Winklevoss of the Gemini group of crypto companies and perennial BTC bull Michael Saylor, the head of MicroStrategy and an MIT graduate.

The DCI project will see the collective “move from three to eight” senior Bitcoin developers and research professionals, bolster the system against software-based attack threats and inflation risks, as well as build up “long-term defenses against layer-1 Bitcoin Core bugs.”

Saylor, in typically pro-BTC mood, stated,

“Bitcoin is the most important innovation since the advent of the internet.”

But the MIT project is not the only big business-powered initiative aiming to shore up Bitcoin against future-related risks and network issues. Earlier this month, Dorsey and rap superstar Jay-Z announced that they would be stumping up BTC 500 (USD 23m) to the ₿trust, another Bitcoin development drive that will initially focus on bolstering teams in Africa and India.

Dorsey has also launched his own development initiative through Square’s Square Crypto unit, which is seeking to improve the Bitcoin user experience for ordinary participants.

Earlier this week, the Twitter boss splashed out a further BTC 1 contribution to the Brink initiative, a donation-funded Bitcoin network R&D drive, and a frequent recipient of Square Crypto funding. The Human Rights Foundation, Kraken and Gemini are also among supporters of the Brink drive. Open / Comment

2021-02-25 17:46:30 HASH Token – Live on Coinsbit this Friday

Meet Hashbon – the European secure and easy-to-integrate payment crypto gateway for global businesses and individuals.

Founded in 2016, the company operates as a payment provider for B2B and B2C markets. It allows users to accept, transfer, or exchange over 30 digital coins.

Hashbon launched its own native token, HASH, in February 2021.

The token will soon reach its first exchange — Coinsbit— on February 26th, where it will be available for purchase and trade. HASH token holders will receive significant benefits like cashback and lower exchange rates inside the Hashbon payment system.

The Hash token can be tracked in Etherscan and BSCScan.

CoinMarketCap, Bitcoinist, iHodl and CoinCodex about Hashbon.

Don’t hesitate to become a member of 10,000+ Hashbon Community! Open / Comment

2021-02-24 18:01:06 Currency.com crypto exchange celebrates its second birthday!

Currency.com has shown significant growth during the two years of operation, becoming the largest cryptocurrency exchange in the CIS.

In 2020:

- The number of clients grew from 50,000 to 250,000.
- The number of deposits increased threefold.
- In December 2020, the trading volume reached $2.6bn, which is higher than for the entire 2019.
- The maximum daily trading volume reached $120m.
- In 2020, Currency Com Limited was authorised by the Gibraltar Financial Services Commission (GFSC). The company was also registered by the FINTRAC (Canada) and by the FinCEN (USA), which enabled it to provide its services in Canada and the US respectively.

Join Currency.com! Open / Comment

2021-02-21 21:00:23 This Telegrams channel is very useful

Here you can find gift-cards and discounts for goods and services of famous brands. Stop to pay full price for sneakers or flights! So many people already save with our gift-cards.

The saying "Doesn't matter if you wear old sneakers when you travel” is outdated.

Walk in your new shoes along the street during your dream holiday with the help of our channel t.me/BH_GIFT_CARD Open / Comment

2021-02-21 20:00:37 ​​Ethereum Hits USD 2,000, Outshined by Bitcoin

The two largest cryptoassets, bitcoin (BTC) and ethereum (ETH), are on their journey of discovering new all-time highs. (Updated on February 1, 06:13 UTC, with the latest market data and comments from Elon Musk.)

Despite its recent high fees-caused problems that helped competitors grow, ETH surpassed USD 2,000 today for the first time, while BTC, which is still a USD 1trn asset, rallied above USD 56,000.

On Sunday (06:08 UTC), ETH trades at USD 1,951, correcting lower from its new all-time high of USD 2,043. The price is down by 3.8% in a day, trimming its weekly gains to less than 8%.

High ETH fees are dampening the rally as DeFi users are migrating towards competing, more centralized chains such as Binance Smart Chain, while competitors are using every opportunity to criticize ETH.

ETH sent to the ETH 2.0 deposit contract, where it's being locked for many months, surpassed ETH 3m (USD 5.9bn).
Grayscale Ethereum Trust received ETH 222,958 (USD 435m) since its reopening in February.

Meanwhile, at the same time, BTC is trading at USD 56,789, after it hit USD 57,851 yesterday. The price is up by 1.5% in a day and 21% in a week.

The prices of the two largest cryptoassets corrected after Tesla's Elon Musk said that "BTC & ETH do seem high." However, both BTC and ETH have rebounded since then with bitcoin showing more strength.

However, in April 2020, Musk also said that "Tesla stock price is too high."

Since then, the price of one of the hottest stocks went up by 458%. In the same period of time, BTC rallied by 572%, while ETH skyrocketed by 892%.

"I was expecting [BTC] to touch [the USD 50,000] level so that the media could get some headlines and then pull back somewhat considering the relentless one-way move we've seen the past 90 days but it's so far holding up well above USD 50,000 so there is very solid demand holding it up. Still expect strength in the medium term but don't think it will be without some volatility in both directions," Jeffery Wang, Head of America’s at the Amber Group, said in an emailed comment.

Also, according to Philip Gradwell, Chief Economist at Chainalysis, low BTC inflows to exchanges and high trade intensity when the price is rising suggests that bitcoin available to buy is falling while demand is rising, which indicates prices should rise.

"However ... there may be an increase in trading off of exchanges, for example via Over The Counter (OTC) brokers. So exchanges may not be giving a full picture of market conditions," he wrote in his newsletter, adding that large investors appear to have reduced their holdings by BTC 192,000 in the week of 8 February.

"It feels to me that we are in a ‘wait and see’ moment," Gradwell said, noting that while large investors seem to be cautious now, this is being balanced by retail demand on exchanges, which often follows the momentum of the market.

However, one of the most bullish non-crypto companies, US-based software developer MicroStrategy, confirmed yesterday that they were able to borrow over USD 1bn "for free" in order to buy more BTC, showing how strong demand from large investors is.

"The trend is clear: we are in a phase where some people are getting hilariously rich. The last phase of this was late 2017, but the realized gain on exchanges then was half of what it is now. And the gains being made now are equal to half of all the gains that have ever been made," Gradwell concluded, adding that if all the bitcoin ever deposited on exchanges was bought immediately and then only sold when it was withdrawn, the profit from that trade so far would be USD 78bn. Open / Comment

2021-02-18 21:00:37 ​​The Bond King Goes From 'Bitcoin Is A Lie' To BTC 'Maybe The Stimulus Asset'

DoubleLine Capital LP chief Jeffrey Gundlach, known as the Bond King, now says that bitcoin (BTC) "maybe The Stimulus Asset" after claiming last October that it is "a lie."

"I am a long term dollar bear and gold bull but have been neutral on both for over six months. Lots of liquid poured into a funnel creates a torrent. Bitcoin maybe The Stimulus Asset. Doesn’t look like gold is," he tweeted today.

Indeed, gold dropped by 68% vs BTC in the past 3 months and by 79% in a year. Meanwhile, USD dropped by 66% in the past 3 months and by 81% in a year.

As reported, Gundlach made a name for himself in the investment community in his former role as the head of the USD 9.3bn TCW Total Return Bond Fund, and Forbes claimed in 2018 that he was worth a cool USD 2bn. In a recent video interview, Gundlach stated that he was “not at all a bitcoin hater.” However, in the same interview, he also dropped this pearl: "I don't believe in bitcoin. I think that it's a lie. I think that it’s very tracked and traceable. I don’t think it's anonymous.” Well, he's right about this - BTC is not really anonymous and its users can be traced. But let's see how the Taproot upgrade will change this.

"The question that I keep asking myself is "how long will gold bugs hang on to their gold while they watch the digital store of value gain market adoption?" The short answer is that no one actually knows. Some people are likely to bail in the short term because of the US dollar price of bitcoin. Some people will take time to critically think about their world view and then change their mind. And a few people are more focused on being "proven right" than actually "being right," Anthony ‘Pomp’ Pompliano of Morgan Creek Digital wrote in his newsletter today.

According to him, holding on to your gold is the equivalent of physical letters.

"Does it get the job done? Yes, in the most basic sense, but it is drastically inferior to the digital application of communication," he added.

At the time of writing (13:47 UTC), BTC trades at USD 51,780 and is up by 2% in a day and 16% in a week. It rallied by 42% in a month and 434% in a year. Open / Comment

2021-02-15 20:00:58 ​​Germany’s Biggest Bank Talked the Talk, Now it Walks the Crypto Walk

Deutsche Bank has gone low-key with its crypto intentions, but after months of crypto-positalk, the bank – Germany’s biggest with assets of almost USD 1.8 trillion – has taken the plunge into crypto custody.

It's not a surprising move as the bank’s analysts have been making bullish remarks on bitcoin (BTC) in recent months, and have called fiat a monetary “fad.” Back in 2019, the bank warned that fiat was wobbling, and called crypto’s rise “inevitable.”

And while Deutsche Bank refrained from making a big public announcement, it appears to have come good on its talk as early as last year – although few have noticed until media reports this weekend picked up on a World Economic Forum originally published in December 2020. Named Crypto, What Is it Good for?: An Overview of Cryptocurrency Use Cases, the report featured a section called Deutsche Bank Digital Asset Custody.

The authors wrote that the bank envisages creating a “secure connected bridge between digital assets and a customer’s traditional banking services,” and allow customers to access their “digital assets and fiat holdings in one easy-to-use platform.”

And like many other international banks of late, the report noted that the bank is hoping to “offer an institutional-grade” hot and cold wallet “storage solution” featuring “insurance-grade protection.”

The authors added that initial technical work on the project was already done, and added that an international test was now in the pipelines – with a rollout possible as early as this year.

They concluded,

“The bank has completed its proof of concept and is aiming for a minimum viable product in 2021 while exploring global client interest for a pilot initiative.” Open / Comment

2021-02-14 12:00:53 Sources: India’s Crypto Ban Most Likely, Investors to Get 3-6 Months to Liquidate Holdings

t seems that the Indian government looks all determined to ban cryptocurrency operations in the country. Citing sources and officials familiar with the matter, BloombergQuint reported that India is likely to proceed with a complete ban on crypto investments.

Requesting for anonymity, a senior Finance Ministry official told the publication that cryptocurrency usage in any form will be banned under the new law to be introduced in the parliament. This would also include a ban on transacting directly via foreign exchanges.

However, this ban won’t be an overnight regulation passed. Meaning, once the law comes into effect, investors will get 3-6 months of transition period to completely liquidate their investments.

While the final decision is yet to come, it looks like the government of India is looking to adopt a China-like model wherein it introduces if official CBDC user central ban – Reserve Bank of India (RBI).

The Indian government has recently listed The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. The purpose of the bill states:
Indian Crypto Industry Watch Developments Closely
Over the last three years, the Indian crypto industry and investors have been kept on the edge by RBI as well as the government. The lawmakers’ inaction and indecisiveness on crypto rules have kept investors worried. Unocoin co-founder and chief executive officer Sathvik Vishwanath said:

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