NFT-Anleger, die einer Warnung von OpenSea gefolgt sind, haben durch einen vermeintlichen Verkaufsabbruch mehr Ärger als zuvor.
NBA star LeBron James, Crypto.com partner to help Akron kids towards blockchain technology career paths
Lebron says blockchain is revolutionising society and he wants to see his community be part of that exciting future.
LeBron James and Crypto.com will help around 1,600 Akron children learn about cryptocurrencies, and potentially see them get into crypto technology careers, the NBA star said via a statement published on Friday.
The partnership will work through Lebron’s Foundation and target giving the children first-hand skills in crypto and how the technology behind the innovation works, the Lakers player’s spokesperson said.
According to the statement, the Lebron James Family Foundation will collaborate with Crypto.com via the I Promise School program.
Crypto.com to help develop learning resources
James grew up in Akron, one of the poor cities in Ohio and his 2018 venture to open the school looked to have a project that would keep students in school as well as see them grow academically towards a career.
On this particular partnership, James said he would like to see more doors open to “academically-at-risk” children, noting that key targets would be to lead them towards career paths in Web3 and the global digital future.
Crypto.com experts will offer the training and skills virtually and through in-person sessions, with these lessons extended to the kids and their families, the statement added.
According to James, cryptocurrency and the underlying blockchain technology continues to revolutionise various sectors of society. Apart from the economy, blockchain has a footprint in sports and entertainment, art, and social interaction.
He says that he’d wish to see communities such as Akron, where he grew up, be part of this future.
Kris Marszalek, the crypto platform’s co-founder and CEO, noted that his firm will help come up with educational resources as well as provide job training opportunities.
Those who benefit, he said, would be able to replicate the knowledge and skill elsewhere in the community to see more people benefit from “financial independence and self-determination.”
Although the specific terms of the deal have not been disclosed, it is expected the NBA star and the cryptocurrency exchange firm will be keen on working together for a number of years.
Crypto.com made history with its $700 million deal to rename Staples Center to Crypto.com Arena in November 2021.
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Bitcoin-Blues – Investoren nehmen Verlustgeschäfte in Kauf
Die jüngste Entwicklung der Verlustgeschäfte deutet zunächst auf Panik hin, doch auch noch viel grundlegendere Fragen gehen damit einher.
Wall Street’s increased exposure shows institutions understand Bitcoin’s value, says deVere Group CEO
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deVere CEO Nigel Green says institutional investors understand the value of cryptocurrency’s future-focused technology.
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He says crypto is the inevitable future of money and wonders why the IMF is pressuring El Salvador into dropping Bitcoin as legal tender.
Institutional investors have increasingly looked to add to their crypto exposure because they understand that digital currencies are the “inevitable future of money,” says deVere Group chief executive officer Nigel Green.
According to him, this understanding is one of the reasons that Wall Street giants and other institutional investors across the world are “sensibly increasing their exposure.”
He says the appeal of cryptocurrencies is why household name investors and some of the world’s largest multinational corporations are investing in crypto. It is why several mainstream companies have added digital assets to their balance sheet, and are putting in resources and expertise to help the industry grow.
“They understand and value the key characteristics of Bitcoin and cryptocurrencies are designed for this century and, therefore, are growing in appeal,” Green said.
Commenting on some of the key features that make crypto attractive as the money of this century and beyond, the deVere chief pointed to their borderless and digital nature. This makes crypto perfectly suited for global commerce and trade amid the increased digitalisation of the global economy.
Green also noted that demographically, the younger generations are more likely to embrace Bitcoin and other crypto-assets than the older ones, a scenario he feels works in favour of cryptocurrency.
The IMF is “wrong” on El Salvador Bitcoin demand
Green’s comments also included a criticism of the International Monetary Fund (IMF), which recently urged El Salvador to remove Bitcoin as a legal tender in the country.
He opined that the IMF’s move puts the institution on the “wrong side of history,” for asking a sovereign nation to drop Bitcoin while seemingly insisting it continues to rely on another country’s currency.
According to him, El Salvador’s adoption of Bitcoin as legal tender means the country is looking to leverage “future-focused financial policy” that could see it come out of financial instability and overreliance on the US dollar.
In light of the IMF’s call to El Salvador, Green wonders if the Washington DC-based financial institution is “scared of the future of finance.”
Baffling for IMF not to see Bitcoin’s value
Crypto has been highlighted as a tool that could see financial inclusion and freedom seep into every aspect and sector of society. The IMF realises as much as noted in their recent consultation with El Salvador, but Green says the demand to have Bitcoin dropped is „baffling.“
“Why do they continue to want to pile on debts to poorer countries that they know are unlikely to be able to repay using traditional currencies? Is the IMF worried about the domino effect of nation-state adoption that might weaken their dominant global influence?” he wondered.
He notes that as baffling as the IMF request to the central American country is, its reaction Green sees as a “warning shot” to other countries.
Green believes that institutions such as the IMF ought to work with developing countries on ways geared towards getting out of debt.
He says this would be possible with future-focused policies as “past methods, clearly, haven’t been as successful as they should have been.”
The deVere CEO however notes that it is important to carefully monitor El Salvador’s situation, with the goal of ensuring the country’s Bitcoin move benefits the citizens as intended.
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Market highlights January 28: Cryptos mostly higher, US GDP beats all expectations
The majority of top 10 cryptos showed gains over the past 24 hours. The US economy smashed expectations in the fourth quarter of 2021 despite a surge in Omicron coronavirus cases.
The Commerce Department reported yesterday that growth increased at an annualized rate of 6.9% in the three months to the end of December, up from 2.3% the previous quarter.
Despite the good news, US stocks slumped in afternoon trading yesterday as investors digested warnings of rising interest rates and GDP data.
While growth stocks were hammered, Netflix (+7.36%) stood out in front after billionaire investor William Ackman revealed he had built up a $1.1 billion stake in the ailing streaming giant.
Top cryptos
At the time of writing, Bitcoin was up around 3%, Ethereum climbed more than 2%, and 5 other top 10 cryptos were also in the green.
The remaining top 20 cryptos by market cap were mostly flat at the time of writing with the exception of two notable losers: Terra (-13%) and Cosmos (-9%). Both are swiftly reversing recent gains.
Top movers
Most top 100 coins added or lost 1-4% of their value today. FTX Token has surged on news of lucrative partnerships concluded by its issuer, the dynamically developing crypto exchange FTX. It has gained about 5% today.
Gala is reversing yesterday’s gains. It has lost 10% today, approaching an all time low. It has lost just under 70% of its value in one month.
Convex Finance, a platform enabling users to deposit Curve LP tokens to earn Curve trading fees, boosted CRV and CVX tokens, has shed 14% of its value in the last 24 hours.
Finally, Bora is inching its way up the top 100 chart. It currently ranks #86 with 8% added today, bringing its gains to 20% over the past 7 days. It is the only coin on the chart with a positive balance for the past week apart from Helium (less than +2%) and a few stablecoins.
Trending
The biggest gainer today is DIFX, the token of Digital Financial Exchange. Compatible with the Ethereum Mainnet and Binance Smart Chain, it is ERC-20/BEP-20 compliant and decentralized.
DIFX’s value is dependent in part on the reputation of its crypto exchange. DFE is a fully data-encrypted cryptocurrency exchange and insured global trading platform. The token has gained 538% today.
Tectonic is a decentralized money market protocol that allows users to participate as liquidity suppliers or borrowers. It started rallying after a Crypto.com listing at the beginning of this month. It is also a big gainer today, having added 29% to its value in 24 h.
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