Monthly Archives: September 2020

Whales can now use Bitcoin to purchase private jets

One aircraft comes at a cost of roughly 3,750 Bitcoin. A private aircraft sales company has started allowing customers to purchase any of their multi-million dollar jets using Bitcoin. According to a Sept. 13 report from news outlet Business Insider, U.S.-based Aviatrade is currently selling an upgraded 2014 Gulfstream G650ER for $40 million — roughly 3,750 Bitcoin (BTC) as of this writing. Billionaires including Amazon’s Jeff Bezos and Tesla CEO Elon Musk reportedly own the same model, which is capable of traveling up to 7,500 nautical miles, […]

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Mad Money host Jim Cramer forecasts a generational wealth storage shift

The times they are a-changin’. Jim Cramer, host of the popular CNBC mainstream markets show, Mad Money, described changing mindsets across generations as they relate to wealth storage.  “I think that my kids, when they get my inheritance, won’t feel comfortable with gold, and will feel comfortable with crypto,” Cramer told Morgan Creek Digital co-founder Anthony Pompliano on a podcast episode. “I have to start recognizing that maybe I am using a typewriter,” he said of his possibly outdated gold storage practices. Cramer’s comment came in the […]

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Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward

The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator Sasha Ivanov kicked things after depicting current defi ecosystem as Ponzi 2.0 and not the much talked about finance 2.0. Sam Bankman-Fried (SBF), the current leader of Sushiswap, expresses fears that yield farming food tokens are in fact propagating the decentralized finance (defi) […]

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Buy LAND for $SAND — Latest presale only accepts Sandbox utility token

With $1.5 million of LAND already sold, The Sandbox launches its final presale before its first public round at the end of the year. Presale 4.2 of virtual land in The Sandbox metaverse starts on Sep. 15, with over 4,500 of the non-fungible token, or NFT, LANDS up for sale. In contrast to previous LAND sales, the exclusive payment method this time around will be the $SAND utility token. In fact, going forward, all LAND sold on the platform will be sold for $SAND, as Co-founder Sebastien […]

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Binance’s US branch lands in Alabama

Alabama crypto enthusiasts now have another trading venue. Binance.US, the regulatory-friendly United States branch of crypto exchange Binance, has added Alabama to its list of approved states.  Binance added Alabama to its list in a Sept. 13 announcement, complete with a football graphic as homage to one of the state’s favorite pastimes. The announcement also listed steps necessary for Alabamians getting started on the platform, including account creation and verification. Binance unveiled its ban on U.S. customers in June 2019. The company subsequently released a regulatory-sensitive version of […]

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U.S. Presidential candidate served for alleged securities fraud at rally in NYC

This campaign rally probably did not turn out quite as the candidate had envisioned it. Presidential candidate Brock Pierce was served for his connection to alleged securities fraud during his campaign rally in New York City earlier today. Source: Twitter. James Koutoulas, the lawyer leading this case, told Cointelegraph that Pierce was served legal documents in connection with a class action case against Block.One — a company that Pierce co-founded. Block.One was the company behind EOS’ $4 billion initial coin offering. The project’s ICO was the largest such […]

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World’s largest banks lost 3x Bitcoin’s market cap during the pandemic

Prior to COVID-19, six leading banks had a market cap above Bitcoin’s. How many still do? Since the outbreak of COVID-19, the world’s 14 largest banks have lost $635.33 billion in market capitalization. This is more than three times the current market capitalization of Bitcoin (BTC) and almost double the capitalization of all cryptocurrencies. Market capitalization of the world’s biggest banks. Source: Buy Shares. The starting point for this data is December 19. For reference, Bitcoin’s market cap at the time was $130 billion. As the world […]

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Peter Brandt says he’s not picking crypto right now, in terms of opportunity

He felt his money would do better in a different type of investment. When it comes to choosing between blockchain and more traditional investments, the grass may be greener in the stock market, said Peter Brandt — the CEO of proprietary trading firm, Factor LLC. He went on to note, however, that it all depends on people’s choice of base currency.  Brandt was clear that he had transitioned into mostly U.S. dollars while scoping out his next moves. “Right now I think the opportunities are greater in […]

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Price analysis 9/14: BTC, ETH, XRP, BNB, DOT, LINK, BCH, CRO, LTC, BSV

Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum. Most retail traders find it difficult to go against the herd and buy when the market is down. They generally wait for the price to recover and for improvements in sentiment before jumping in. By doing this, retail traders typically miss the larger part of relief rallies and pocket a smaller profit. On the other hand, professional investors capitalize on sharp corrective moves by purchasing if […]

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How banks are integrating crypto AML software for compliance

Virtual asset service providers (VASPs) are looking for effective cryptocurrency compliance solutions as new regulations are introduced globally to combat illicit activity on the blockchain. What solutions are available to them? With the exposure of traditional banks and financial institutions to crypto-assets and all the risks involved, as well as the continued advice from governmental authorities to banks to integrate a crypto risk management system, what are the solutions available? In order to align with current regulatory standards, banks and financial institutions entering the digital asset space, […]

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