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Sports and esports fans will soon see more crypto ads during games as Terra has partnered up with the Washington Nationa...
02/10/2022

Sports and esports fans will soon see more crypto ads during games as Terra has partnered up with the Washington Nationals MLB team and crypto exchange Bitstamp is now partnered with esports organization Immortals.

Terra (LUNA) is the 10th largest cryptocurrency by market cap and the blockchain that produces the UST stablecoin. The project is governed by a decentralized autonomous organization (DAO), which is now an official partner of the Washington Nationals

Last week the NFL posted a job listing on LinkedIn for a Senior Manager, Content Partnership. Two bullets listed under t...
02/02/2022

Last week the NFL posted a job listing on LinkedIn for a Senior Manager, Content Partnership. Two bullets listed under the “responsibilities” section stand out:

Act as marketing lead with strategic partners in key growth verticals (Gaming, NFTs, etc.)
Identify opportunities in emerging technology sectors including, but not limited to, NFT and crypto projects and AR/VR strategy and development
The NFL is looking to expand its gaming offering, which could pave the way for a potential metaverse-based gaming partnership with the likes of The Sandbox, Decentraland, or Enjin Network. That’s extremely likely since the job description specifically calls out augmented reality and virtual reality (AR/VR) expertise for the new hire.
Additionally, the NFL mentioned NFT experience a few times throughout the entire job description – the league most definitely is looking to recreate the NFT windfall the NBA has had since launching its Top Shot project with Dapper Labs.

As context, the NBA Top Shots NFTs produced $589 million from October 2020 through May 2021. Those levels of passive revenue streams can’t be ignored, and the NFL has a treasure trove of potential NFT content within its decades of archival NFL Films.

The potential for new revenue streams, as well as expanding the NFL into a truly global brand, are the most obvious reason for this 180-degree pivot from its former policy which banned all teams from engaging directly with any crypto-related projects. Last August, the NFL sent an email to all 32 of its clubs that included this section published in The Athletic:

"Clubs are prohibited from selling, or otherwise allowing within club controlled media, advertisements for specific cryptocurrencies, initial coin offerings, other cryptocurrency sales or any other media category as it relates to blockchain, digital asset or as blockchain company, except as outlined in this policy." Now that we know the NFL is exploring the metaverse and NFTs, it will be interesting to see how quickly the league moves into this space.

(Bloomberg) -- Bitcoin kept regaining ground on Wednesday, mirroring an advance in U.S. equity futures ahead of a pivota...
01/26/2022

(Bloomberg) -- Bitcoin kept regaining ground on Wednesday, mirroring an advance in U.S. equity futures ahead of a pivotal Federal Reserve decision that will shape expectations for monetary tightening.

The world’s largest cryptocurrency by market value advanced close to $38,000 at 2 p.m. in Hong Kong, its highest level since Jan 21, when a selloff in virtual coins and other risky assets accelerated sharply.

Bitcoin is recovering from a swoon that saw it dip below $33,000 on Monday, more than 50% off its November peak, prompting some analysts to point to $30,000 as a key support level. That’s a threshold Bitcoin hasn’t breached since July.

Crypto’s correlation with equities strengthened in recent weeks as investors reacted to the prospect of tightening U.S. monetary policy by dumping high-priced tech stocks and digital tokens alike. Bitcoin’s moves in tandem with the Nasdaq 100 and the S&P 500 reached an all-time high this month, buoying confidence that one of the world’s more volatile major assets could become more predictable in future.

“Markets may have already priced in rate hikes,” Fadi Aboualfa, head of research at Copper co., said in an email Wednesday. “With the latest market selloff, I would expect that the Fed softens its tone as to stem any further panic. Bitcoin will follow the general market sentiment at this point.”

The Fed is due to finish its two-day meeting on Wednesday, with a policy decision from Chair Jerome Powell shortly afterwards. Bloomberg Economist Anna Wong expects the committee to keep rates steady and maintain the current pace of tapering, while telegraphing a rate hike for March.

“The overall sentiment in crypto is let’s try and settle in a range and do short term trading or find dislocations,” said Todd Morakis, co-founder of digital-finance product and service provider JST Capital, in an email Wednesday. “There are some bargain hunters here, but most of the people have been waiting for a time to invest in crypto and will continue to buy quality coins as the market moves down.”

Nouriel Roubini, the 63 years American Economist with the nickname “Dr.Doom” has demanded the impeachment of the Preside...
01/24/2022

Nouriel Roubini, the 63 years American Economist with the nickname “Dr.Doom” has demanded the impeachment of the President of El Salvador, Nayib Bukele for Bitcoin bet on his country’s fortune. Nouriel had been a known critic of Bitcoin since he forecast that Bitcoin would trade at $0 during the crypto winter of 2018.

In a statement, Nouriel Roubini said :

“El Salvador’s experiment with Bitcoin is an unmitigated disaster: whoever held BTC lost 50%, the country spread is thru the roof and the sovereign is near bankrupt. They should impeach that buffoon , a criminal president who is bankrupting the country!”
This comes after Moody’s credit rating of El Salvador was maintained at caa1 in January following its downgrade from B3 in July 2021 to prevent it from accessing an International Monetary Fund (IMF) credit facility worth $1.3 billion because of its interest in Bitcoin.

Maintaining the position of the financial credit rating establishment is its analyst Jaime Reusche, who in an interview with Bloomberg noted that this present rating shows that the country’s fiscal rating would continue to reduce if Bukele maintains his stance on Bitcoin investment. Jamie said:

“If it gets much higher, then that represents an even greater risk to repayment capacity and the fiscal profile of the issuer.”
This comes after the country’s $800 million worth of dollar-denominated bonds that are due in January 2023 had 34% spike in yield earlier this month due to Bitcoin’s downward trend. El Salvador, presently has the worst debt performance in the world.

Bukele remains unfathomed by the opposition, though the country has been estimated to have lost over $20 million in their Bitcoin investment as he plans to build a “Bitcoin City” through funds raised from proposed Bitcoin bonds.

Imge su Cetin, CEO of Defy Trends, breaks the mold of the enigmatic night-owl coder with her strong leadership and outgo...
01/19/2022

Imge su Cetin, CEO of Defy Trends, breaks the mold of the enigmatic night-owl coder with her strong leadership and outgoing personality. After sitting on her laptop programming or scraping together data from thousands of sources, she likes to unwind by bringing like-minded people together and learning from smart friends. She even DJs for fun.

Imge su was born in Turkey. She moved to the United States when she 5. She moved back and forth between Turkey and the US, adapting to both cultures and developing the cosmopolitan savviness that she is known for today . After obtaining a B.S. in Economics at Bilkent Univesity, one of Turkey’s most prestigious academic institutions, Imge su worked for the United Nations in Iraq for a year. While living in Iraq she Imgesu also taught English to locals. She got her M.S. in Data Science at the University of California San Diego, working on research in EV charging optimization on the side while completing her degree. Imgesu’s proudest accomplishment was being selected among only 2,000 applicants for a full-time data scientist position in the UN. During her professional and academic careers, Imgesu was always passionate about blockchain technology and trading, creating apps for herself in her downtime to better guide her investments.

In the following piece, Imgesu shares her insights on some of the problems that need to be solved in the world of cryptocurrencies, how data analytics platforms can help to solve some of these problems, and offers a tantalizing hint of what’s to come.

DeFi Data Analysis Will Help Solve Cryptocurrency Stability
If you want to survive and thrive as a crypto trader and investor in 2022, you need to understand data analytics. Applying data analysis to meet goals is the center of analytics, and I founded my company, Defy Trends, to achieve one goal: understanding where cryptocurrency markets are going, and why.
There are billions upon billions of data points to be found online that might, in aggregate, tell us something about where crypto markets are going. Gathering data in the blockchain space is not always easy. Finding the right data set and method of analysis is a primary challenge. And dismissing rubbish data and cleaning the data set is an art form. The more accurate and timely the data is, the more trustworthy and profitable it has the potential to be.

Great data analysis benefits everyone with steady returns and the insights to navigate volatile swings in the market. The process of building up and analyzing a data set is extraordinarily complex, but the growing incentive to inform investment decisions with analytics-driven insights means that the challenge of analyzing available data on where crypto markets are going will be met.

There is a lot of money on the line, and anyone who can crunch market data the right way stands to make big returns. In modern trading, information analysis and speed are the keys to making good decisions. Being able to collect, collate, and analyze that data to produce valuable metrics and insights that provide results to investors is of massive importance for the growing pool of individual and institutional investors curious about cryptocurrency.

bybit’s peer-to-peer (P2P) is now live.Traders in the exchange can now buy and sell Tether (USDT) with no hidden fees.Th...
01/19/2022

bybit’s peer-to-peer (P2P) is now live.
Traders in the exchange can now buy and sell Tether (USDT) with no hidden fees.
The platform provides 80 different payment methods with over nine fiat options.
Bybit now officially opens its peer-to-peer (P2P) transactions to all its users around the world. In detail, all the traders in the exchange can now buy and sell Tether (USDT) along with the other users of the exchange.

The peer-to-peer (P2P) feature of Bybit is available on the network’s website. It offers its users an easy, and a secure way of buying and selling crypto with no hidden fee. The app version will launch soon.

The platform provides 80 different payment methods with over nine fiat options. These include some of the major currencies such as Australian dollar, Hong Kong dollar, Indian rupee, Malaysian ringgit, Philippine peso, Russian ruble, New Taiwan dollar, Ukrainian hryvnia and Vietnamese d**g to name a few.

In terms of user experience, Bybit provides its investors to have more control over their crypto assets. For example, once a buyer completes their order, the seller’s cryptocurrency will be placed in a temporary deposit until both parties confirm that the transaction is successful. There will also be an ad posting feature to allow whitelisted users to personalize their offers according to preferred price, payment method and local currency.

On the other hand, Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support.

Today, Bybit ranks as one of the top crypto exchanges in Coingecko.

12/26/2021

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