Former U.S. President Donald Trump expressed support for the bitcoin mining industry, advocating for producing the remaining bitcoin in the U.S. to enhance national energy dominance. Vietnam sees increased interest in gold bullion purchases due to favorable prices at state-owned banks. New York Attorney General Letitia James takes legal action against crypto pyramid schemes targeting […]
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Tim Draper Champions Blockchain Startups: Announces Major Partnership With Stellar
Renowned venture capitalist Tim Draper announced a significant collaboration between Draper University and Stellar. The partnership aims to accelerate and fund up to 80 startups over the next two years, with these startups set to build on the Stellar blockchain platform. The initiative includes the Stellar Astro Hacker House and the Stellar Embark Accelerator, programs […]
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PSG Token Soars After Paris Saint-Germain Defeats Barcelona; CITY Dips Following Elimination of English Champions
The value of the fan token for the French football club, Paris Saint-Germain, briefly surged from just over .30 to after they knocked the Spanish football giants, FC Barcelona, out of the UEFA Champions League. However, the token for the English champions, Manchester City, plunged by nearly 20% after the team was eliminated from […]
Bitcoin News
‘I’m Bullish on Bitcoin’ — Ted Cruz Champions Bitcoin’s Boon for Texas and Power Grid Boosts
Ted Cruz, the U.S. Republican senator from Texas, expressed his optimism on Friday, stating he’s “bullish on bitcoin,” after a recent interview with Forbes released on September 8. During the conversation, Cruz highlighted emerging reports indicating that bitcoin mining is positively impacting Texas’ power grid, commonly referred to as the Electric Reliability Council of Texas (ERCOT).
Senator Cruz Celebrates Bitcoin’s Surge in Texas Energy
On Friday, Ted Cruz shared his most recent conversation with Forbes journalist Mickey Koss and expressed a keen enthusiasm for bitcoin (BTC).
“I’m bullish on Bitcoin,” Cruz broadcasted on the social network platform X (formerly known as Twitter). “Texas is the natural home for the digital asset industry since Texans love freedom and so do digital asset bulls. This innovation is already benefiting Texas’ economy and grid.”
Engaging with Koss, he shed light on the flourishing job market in the Lone Star State. “Texas is a hub for jobs, innovation, and freedom, and those things make it the natural oasis for the digital asset industry worldwide,” remarked the Texas senator.
This isn’t the first instance of Cruz’s bitcoin endorsement. In May 2022, he revealed a “weekly buy” strategy for his investment portfolio. Moreover, this past April, Cruz professed his admiration for bitcoin, emphasizing that he favors bitcoin “for the same reason the Chinese Communist government doesn’t like BTC.”
In February 2022, the public caught wind of Cruz’s BTC acquisitions when financial disclosures revealed a purchase approaching K. This week, conversing with Forbes, Cruz expounded on the synergy between bitcoin mining and the advantageous outcomes for ERCOT.
His remarks dovetail with the latest updates highlighting Riot Platforms’ assistance to ERCOT this August, helping meet energy demands by lowering the firm’s power consumption. He delved deeper into how some bitcoin mining endeavors can significantly reduce flare gas emissions by harnessing surplus energy for their operations.
“Half of the natural gas being flared in the U.S. is burned in West Texas because we don’t have the pipelines and necessary infrastructure to use it. This is wasted energy,” Cruz explained to Koss. However, his optimism doesn’t extend to central bank digital currencies (CBDCs).
Cruz has proactively presented legislation to impede the U.S. Federal Reserve from rolling out a CBDC with surveillance capabilities. Contrary to bitcoin, CBDCs operate on centralized blockchains, enabling transaction monitoring and even the potential to freeze or seize funds — capabilities absent in decentralized crypto assets like bitcoin.
What do you think about Ted Cruz’s statements about bitcoin? Share your thoughts and opinions about this subject in the comments section below.
Yellen Champions Ukraine Support as ‘Single Best Thing We Can Do for the Global Economy’ Ahead of G20 Summit
Janet Yellen, serving as the 78th U.S. Treasury secretary, emphatically declared on Sunday that bolstering Ukraine represents “the single best thing we can do for the global economy.” Furthermore, Yellen expressed caution regarding the premature removal of trade constraints against China, a remnant of the Trump era. The Treasury secretary flagged the Asian superpower for potential “unfair trade practices,” illustrating her firm stance on international economic fairness.
Yellen: Ukraine Aid Essential for Global Economy
On July 16, U.S. Treasury secretary Janet Yellen held a press conference in Gandhinagar ahead of the G20 summit and she discussed the global economy. Yellen noted to the pre-credentialed press that she would “push back” against the people saying that developing nations could use more help than Ukraine. “Ending this war is first and foremost a moral imperative,” Yellen explained to reporters in Gandhinagar. The Treasury secretary added:
But it’s also the single best thing we can do for the global economy.
Detractors, however, argue that U.S. lawmakers have let down their own economy as numerous cities nationwide are succumbing to destitution, riddled with crime and squalor. Figures indicate that America has funneled nearly billion into Ukraine through financial and military support.
The shrooms are strong with this one. https://t.co/S0M7Yjjhkn
— Sven Henrich (@NorthmanTrader) July 16, 2023
Some calculations even escalate this figure to a staggering 3 billion since the Russia-Ukraine conflict ignited. In the imminent G20 summit, the World Bank, Yellen, and the International Monetary Fund (IMF), among other key players, will also deliberate on the regulation of cryptocurrencies and strategies to address climate change in developing countries.
China Tariffs Still Necessary
Yellen broached the topic of rescinding China’s tariffs, albeit asserting it was premature to do so. In 2018, Donald Trump, the then-U.S. president, implemented three substantial tariffs impacting approximately 0 billion worth of Chinese merchandise. These tariffs continue to remain in effect under the Biden administration. Katherine Tai, Biden’s lead trade representative, initiated a comprehensive analysis of the Trump-era tariffs. “Tariffs were put in place because we had concerns with unfair trade practices on China’s side, and our concerns with those practices remain, they really haven’t been addressed,” Yellen told the press.
She added:
Perhaps over time, this is an area where we could make progress, but I’d say it is premature to use this as an area for de-escalation.
While Biden was anticipated to lift some tariffs, it has been suggested that this action is now paused in response to China’s military posturing. In retaliation to the U.S. tariffs, China has imposed its own duties on a wide range of American goods, encompassing agricultural produce, automobiles, coal, copper scrap, fuel, buses, medical equipment, and more. Numerous studies have probed into the impact of these tariffs on the U.S. economy. Renowned economists Mary Amiti, Stephen J. Redding, and David Weinstein found that U.S. real income fell by .4 billion monthly by the end of the tariffs’ first year.
What do you think about Yellen’s statements about helping Ukraine and the tariffs against China? Share your thoughts and opinions about this subject in the comments section below.
How Crypto Champions can help you increase the rarity of your NFT
The last few years have been exceptional for NFTs. Our idea of digital assets and their ownership has experienced (and is still experiencing) rapid evolution. Very few people would have boldly predicted a public tweet selling for .5 million or a there-for-all-to-see clip of Lebron James dunking selling for 0,000. But, as we’ve all figured out, the creation, sales, and ownership of digital assets are well within the possibility realm.
Several other digital assets have been sold as NFTs in a very short time. Every passing day suggests that the NFT train or “NFT craze” will not disappear anytime soon. So, if you’re still thinking about joining the NFT movement, stop thinking and start acting.
As far as actions relating to NFTs go, there’s one action that anyone— NFT expert or NFT newbie — should be taking right now.
What’s that?
Signing up to be a part of the hottest NFT project right now — Crypto Champions!
Value, Inclusion, NFTs, and Crypto Champions
Crypto Champions is, first, a community-led NFT project. More than NFTs, the Champions Community’s goal is to build a strong network of competent and highly successful people using the powers of Web 3.0 ( NFT, Cryptocurrency, Metaverse, and Crypto Gaming).
The Champions Community is strongly focused on building and sustaining an enabling environment for its members to grow to be the best they can be. Everything from timely investment opportunities, networking with top-notch professionals, and publicly trackable million gift are all accessible for high-performing community members.
The Champions Community also has a community fund powered by DAO (Decentralized Autonomous Organization) technology to support member-led project initiatives. You don’t have to worry about being left out because it is all about getting everyone to where they want to be in the Champions Community.
… and we’ve not even gotten to the NFT part!
The NFT Angle
The Champions Collection consists of 8,888 unique NFTs only accessible through an exclusive Web 3.0. Champion NFTs are a collection of high-quality human 3D models divided into two factions — Privileged and Rebels.
In their separate factions, each of the NFTs has at least 136 combined unique traits, expressions, weapons, uniforms, and gears. When you successfully mint a Crypto Champion NFT, you become a Champion holder. “Fate” will decide whether the character you mint belongs to the Privileged or Rebels faction. With Crypto Champions, minting is fun — and valuable!
Unlike many other NFT projects, the Champions Community does not make it easy for anyone to mint a Champion and become a part of the community. Minting is specially reserved for community members devoted to helping the community grow and who have proved to be high-performing individuals.
The ultimate display of the power of the Champion NFTs reveals itself when the Rebels and Privileged factions lock heads and fight against each other in the Metawar.
Exponential Increase in NFT Value
Crypto Champions NFTs are not static in value; they are actually very dynamic. Champion holders who mint rare NFTs can make up to ten times the initial NFT market value.
Rare NFTs are great, but they are not the only way to amp up the market value of your Champions. Fortunately. Champions holders can up the market value of their NFTs by participating and competing in a short series of three easy-to-play games. Holders with higher scores gain access to rare weapons and accessories that sporadically boost the market value of their NFTs.
Your Best Way to NFT Nirvana
By offering Champions holders a way to amp up the original market value of their NFTs, Crypto Champions is hammering on the certainty of financial growth for its members. This is virtually impossible to find in any other sort of NFT-related project.
The Champions Community also offers its members a different kind of merch — dog tags. You’re given a pretty durable, distinctly customized dog tag when you sign up to be a part of the Crypto Champions project.
Dog tags are not just accessories because they represent something bigger and better, and dog tags represent meaningful displays of brotherhood and communal strength.
With Crypto Champions, you get a community of progressive people, the opportunity to accumulate more wealth while wearing very cool dog tags. It’s everything anyone and everyone wants from NFTs.
McAfee Champions Importance of Stablecoins for Decentralized Exchanges
n Decentralized exchange users should store value in stablecoins, not fiat, argues John McAfeen
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CNBC Analyst Slams Facebook Libra, Champions Bitcoin
Since the announcement of Facebook’s Libra cryptocurrency, the crypto market and even the tech sector has never been the same. It’s got regulators up in arms about Bitcoin, crypto assets are crashing, and the project may not ever even see the light of day. Even partners have started to abandon the project.
The topic came up during a recent segment on CNBC’s Squawk Box, and one of the show’s hosts went on a rant, slamming Facebook’s crypto project while championing Bitcoin for having more desirable qualities than Libra.
Joe Squawk: Bitcoin is Decentralized, Libra Is Controlled By Zuckerberg
Bitcoin is arguably the most powerful piece of technology the world has ever seen. Its significance is undeniable, and those who are skeptical tend to come around eventually once they dive under the surface and gain a deeper understanding of the crypto asset’s potential.
Related Reading | CNBC Host Pushes Bitcoin, Cites Halving and Scarcity As Catalyst for K BTC
CNBC Squawk Box host Joe Kernen is the perfect example of a Bitcoin skeptic turned believer. The once crypto pessimist has been recently seen defending Bitcoin and talking of the next potential price peak occurring around the next halving in May 2020.
The many reasons why @JoeSquawk hates libra and (presumably) loves bitcoin #btc #decentralized #facebook #privacy $FB pic.twitter.com/PTPEZQguRf
— Squawk Box (@SquawkCNBC) August 23, 2019
In the latest segment of CNBC’s Squawk Box, the discussion turned to the topic of Facebook’s Libra cryptocurrency – a polarizing project from the social media powerhouse that’s got financial regulators in defense mode.
Kernen says he’s never understood the project and doesn’t like it “one bit.” He doesn’t like that its “centralized”, and like many, doesn’t like it because it’s “Facebook.”
“I don’t like anything about it,” Kernen said.
He warns that although Facebook claims it will have a positive impact on the unbanked, the company is an intermediary, and will take a cut from its users even if its feeless – by stealing “all your private data and know all about your bank account.”
Facebook has faced a number of privacy-related lawsuits and recently was ordered to pay an unprecedented billion penalty over privacy issues. Bestowing the company with any personal data is a risk, let alone sharing monetary and transaction data with the corporation.
Kernen turns the conversation toward Bitcoin, claiming it has an unforgeable value similar to gold, or antiques – things that cannot be duplicated. Bitcoin’s hard-coded digital scarcity gives the crypto assets an attribute similar to gold.
Related Reading | CNBC Analyst Calls Secretary Mnuchin Out on Bitcoin Criticism
In the past, Kernen has argued that decentralized networks offer more inherent value than even governments due. Facebook’s Libra is the perfect example of how a centralized crypto asset offers the controlling party too much power over its users. Bitcoin was designed to be the first-ever decentralized asset that cannot ever be controlled, nor can it ever be stopped.
The post CNBC Analyst Slams Facebook Libra, Champions Bitcoin appeared first on NewsBTC.
‘Bitcoin Is My First Love’ Coinbase CEO Champions Top Coin on Its 10th Birthday
n In a recent Twitter thread, the co-founder and CEO of Coinbase recalls the story of building the platform and says Bitcoin is his first loven
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Olympic Athlete Acquired Crypto Sharks to Grow Champions in the New Blockchain Game
Fishbank — the crypto collectibles fighting game had launched Alpha on Ethereum network this weekend. With more than 200 000 early adopters joined the game it is the next rocket to the moon for sure.
One of the first participants of early Fishbank tests — Stefano Oppo, an Italian national team rower, professional Olympic athlete. He acquired a couple of legendary crypto shark tokens to become champions in the decentralized food chain this spring. Every fight brings additional value to his crypto sharks as they become more powerful and may compete with even bigger fishes.
Every crypto fish in Fishbank is an ERC-721 token stored on the Ethereum blockchain. That is a digital asset owned by the player that can be managed like a regular cryptocurrency — transferred or sold to any other player. It cannot be destroyed, removed or replaced by game creator.
The core idea of the Fishbank game is using cryptographically unique token to attack each other. Winner gets the part of opponent’s weight. The more weight the fish has, the more powerful it is, the bigger price it may get on the market.
Anyone can play Fishbank today on Rinkeby testnet using free Ether. After the Stable release of the game will be launched on mainnet the only way to get crypto fish token is try to catch a one in Aquarium or buy from other players for real Ether. The change to get a Legendary fish from Aquarium is aprox. 1:5000, every Aquarium ticket costs 0.03 ETH in the Alpha. Doing a simple math makes a Legendary token estimation to be caught in Aquarium around 150 ETH.
There is a chance to preorder certain fish token for Stable release before the game actually starts. Common fish tokens starting from 0.02 ETH, Epics from 0.47 ETH and legendary may be acquired for 2 ETH.
Early release of the Fishbank game has relatively limited functionality demonstrating just the core gameplay and fighting mechanics as well as some bugs on the board but considering the speed of improvements and support of the vast community, it becomes quite obvious that after all the functionality announced in Whitepaper will be implemented this title will go insane!
The era of blockchain games has arrived. Started from trading crypto collectibles, it has finally got to massively multiplayer action. With some crypto pets made thousands of dollars in profit for early participants it is even hard to predict what an impact can the full-featured game make on the market.
More Info
Website: https://fishbank.io
Telegram Group: https://t.me/fishbank_en
Telegram News: https://t.me/fishbank
Twitter: https://twitter.com/chatrobotic
Facebook: https://fb.me/fishbank.io
Discord: https://discord.gg/p8QsbZD
QQ: 599754294 or https://jq.qq.com/?_wv=1027&k=5Zi2pTr
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