Weekly Digest: Mastercard, US Congress & NBA with Bag Man

Weekly Digest: Mastercard, US Congress & NBA with Bag Man

By CoinJoy | CoinJoy Magazine | 13 Feb 2021


 

Every week we make a digest about the most significant news in crypto, and we thought it would be fun to ask what the community members and bloggers think about all things crypto.
Please, welcome Bag Man aka XRP Bags, blogger, musician and hodler!

Projects And Updates

📌 Twitter Considering To Add Bitcoin To Its Balance Sheet

Twitter does not rule out the possibility of including Bitcoin among the company's reserve assets. In a recent interview Twitter CFO, Ned Segal, said that if Twitter employees and contractors wanted to be paid in cryptocurrency, the company would consider investing in Bitcoin.

Everyday we are hearing more and more about cryptocurrency. Bitcoin continues to bring a lot of awareness to the space. This is huge.

📌 Eth 2.0 Development: Next Steps To Upgrade And Diversify

A podcast episode in which Danny Ryan, a researcher at the Ethereum Foundation, recalls the launching of the Beacon Chain, discusses the current state of the Ethereum 2.0 network and outlines plans for further development.

📌 Santo Blockchain Labs To Migrate From Ethereum To Cardano After 4 Years

A few days ago, the management of Santo Blockchain Labs announced the decision to change its smart contracts based on Ethereum Solidity to Cardano Goguen smart contracts. This decision is caused by technological advantages, as Cardano uses mechanisms that increase security, provide greater scalability and reduce transaction costs.

📌 DAO Maker Gets Listed On KuCoin And Gate

The KuCoin and Gate crypto exchanges have added the DAO Maker (DAO) token to the list. The DAO Maker project develops and promotes various products for blockchain startups. The DAO/USDT trading pair is already available on both exchanges, and DAO/BTC is available on Gate.

📌 Tesla Invests $1.5B Worth of Bitcoin, SEC Filing Show

Electric car manufacturer Tesla has invested $1.5 billion in Bitcoin. In the company's statement, it is said that in January Tesla updated its investment policy, deciding to redistribute funds that are not needed to maintain sufficient liquidity to digital assets, gold bullion, and exchange-traded funds backed by gold.

Mass Adoption

📌 MasterCard Reveals Plans To Support Crypto On Its Network

The international payment system Mastercard has announced plans to implement support for several cryptocurrencies in its network this year. In the company, they emphasised that they will carefully approach the choice of cryptocurrencies, and first, will focus on stablecoins backed by fiat money. Mastercard also assists financial regulators in developing central bank digital currencies (CBDCs).

Another big name player in the cryptocurrency headlines. This year is already an exciting year for the blockchain space. Crypto adoption is accelerating in 2021.

📌 Apple Likely To Start Crypto Trading Facility Soon: RBC Capital Markets

In a recent RBC report, analysts outlined the reasons for Apple should launch its own cryptocurrency exchange. Among them, there is a company's great technological experience and an almost ready-made payment ecosystem. Besides the obvious financial advantages according to analysts, Apple's technical solutions will help to solve the regulatory problem of cryptocurrencies in the United States.

📌 PayPal Plans Crypto Commerce Expansion to Venmo

Last November, the PayPal payment system announced cryptocurrency support for US customers, allowing them to store, buy and sell Bitcoin and other digital money using their online wallets. The popularity of the service several times exceeded the initial expectations of the company, so further expansion was a matter of time. On Thursday it became known that the next step for PayPal is to launch a cryptocurrency offering in the UK market.

Hacking

📌 Founder of Crypto Hedge Fund Faces Up To 20 Years

The federal court in Manhattan accused the founder of the cryptocurrency hedge fund Virgil Capital, Stefan Qin, of fraud for $90 million. The 24-year-old Australian pleaded guilty to providing investors with false information about the strategy, assets and financial condition of his funds from 2017 to 2020; the funds received from investors and he spent for personal needs. The verdict will be announced in May.

📌 Europol arrests hackers that stole $100 million in crypto through SIM-swapping

As a result of an international investigation into the theft of more than $100 million from bloggers, sports stars, show business and other celebrities, Europol arrested ten members of a criminal hacker group. Hackers have gained access to the SIM cards of their victims and through it control over their accounts. This allowed them to transfer fiat funds, cryptocurrency, and to collect personal information. Also, hackers controlled the accounts of the victims in social networks, making posts and sending messages on behalf of the victim.

Regulations

📌 US Congress Now Aims At Decentralized Services Too

Representatives of the US Congress demanded an explanation from the founder of Tron and CEO of BitTorrent, Justin Sun, and Charles Wayn regarding the moderation of extremist content on their streaming platform DLive. Raja Krishnamoorthi and Jackie Spieir sent a request as part of the investigation into the riots in Washington in January 2021. According to their information, several participants in the storming of the Capitol have streamed from within the Capitol using the DLive platform, receiving significant donations in cryptocurrency.

US needs clear regulatory guidelines and rules so the new digital age can progress. Blockchain and cryptocurrency are here to stay.

People

📌 Cardano has the best VC fund in the crypto industry, says Charles Hoskinson

IOG CEO Charles Hoskinson explains why Cardano is the best crypto project, talks about Project Catalyst and its further development course, and shares the news on his own venture capital fund.

📌 NBA Player Spencer Dinwiddie Talks About His Crypto App

The guard of the Brooklyn Nets, Spencer Dinwiddie, who has been the owner of the cryptocurrency for 4 years, announced the launch of the Calaxy application. The app is designed to help artists, athletes, and creators to earn funds with social tokens and fans to support their favourite creative individuals. Thus, Calaxy is a DeFi alternative to Patreon, which allows performers to invest received funds in the crypto market.

Player's will be able to incorporate smart contracts and offer tokens or NFTs. This will be a win for fans and players. There is something for everyone to benefit from in the crypto space.

📌 Bill Miller’s Opportunity Fund To Invest $337 Million In Grayscale Bitcoin Trust

Investment trust managed by billionaire Bill Miller may invest up to 15% of the assets under the fund's management in the Grayscale Bitcoin Trust, that is about $337 million worth, thus indirectly investing in Bitcoin. Miller himself has invested part of his capital in BTC back in 2014.

Prices

Weekly digest XRP bags

Bag Man’s rate for this week is 8 out of 10. Lots of good news.

That’s all for now! For more info follow us and Bag Man on Twitter, subscribe to our and Bag Man’s YouTube channel, join our Telegram.


The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research.        

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