Celebs and crypto in 2020: Blockchain cities, Bitcoin newbies and Twitter trolling
Celebrities have long been used to promote brands, products and services to varying degrees of success, and the cryptocurrency space has been no exception to this practice. In years gone by, the biggest names in the world of entertainment have made waves in the crypto space for endorsing or investing in projects, tokens and companies. Some have stayed, others have gone and a few have ended up in hot water for their forays into the crypto cauldron.
2020 has also seen a number of celebrities from different walks of life enter the fray, and as per usual, the cryptocurrency community has been abuzz about the newcomers and their involvement. So, let’s take a look at the most notable celebrities who have joined, those who have left, and those who showed increased interest in the cryptocurrency ecosystem in 2020.
Senegalese-American music star Akon is adored around the world not only for his chart-topping hits but also for his philanthropic and entrepreneurial work over the years. His Lighting Africa initiative has helped provide solar power energy solutions to 28 countries on the continent, and he’s also become a proponent for the use of cryptocurrencies and blockchain technology.
In 2018, Akon revealed plans to launch a cryptocurrency called Akoin that will become the native currency of a futuristic city that he envisions building in his home country of Senegal. Fast forward a couple of years, and these plans were finally fleshed out and released to the public.
Akon City is set to be a $6 billion cryptocurrency-powered city built on 2,000 acres of land that was reportedly given to him as a gift by Senegal’s president, Macky Sall. The city will be located near the Senegalese capital of Dakar.
The first phase of construction of Akon City is expected to begin in the next few months and is touted to be completed by the end of 2023, with a construction contract having already been awarded to an American engineering firm.
Primary infrastructure including roads, waste services and a solar power plant will be built in the first phase alongside a hospital campus, a mall, residential accommodations, hotels and a police station. In addition, parks, a sports stadium, an industrial complex and a university have been earmarked for construction in phase one as well. The city will also be largely dependent on renewable solar energy.
As the project’s white paper details, the second phase of development is expected to take place over five years, from 2024 to 2029, and will culminate in the completion of Akon City and its running solely on an economy powered by the Akoin cryptocurrency and ecosystem.
While Akon City may only become a living, breathing, crypto-powered city in 2030, Akon’s vision and ability to launch the plan into action in 2020 has certainly earned him a place on this list.
The final season of Game of Thrones may have left many fans feeling underwhelmed, but its characters and their real-life actors have become beloved by many around the world. Maisie Williams, who plays the diminutive but deadly Arya Stark in the TV series, is another celebrity who joined the crypto community in 2020.
In November, Williams took to Twitter to ask her 2.7 million followers if she should “go long on bitcoin” in a poll that garnered over 900,000 votes, 3,400 retweets, 3,700 comments and 16,000 likes.
should i go long on bitcoin ?
— Maisie Williams (@Maisie_Williams) November 16, 2020
While the tally of the votes as of the end of December resulted in 53% of voters saying “no,” a swathe of influential figures from the world of cryptocurrency, blockchain and beyond added their two cents to the post.
Renowned crypto podcast host Peter McCormack gave Williams a very maximalist response in his comment saying “Bitcoin and nothing else,” while Barry Silbert made reference to the deadly affliction known as “greyscale”in Game of Thrones when he suggested Williams explore investing through Grayscale’s digital-asset trusts.
At the end of the day, Williams made up her own mind and “bought some anyway.” Arya Stark always did her own thing.
Paris Hilton is an American celebrity, actress, model, reality TV star, DJ and singer who has also become a renowned entrepreneur through various retail ventures.
In 2017, Hilton made a small foray into the cryptocurrency space during the height of the initial coin offering frenzy. In a now-deleted series of Twitter posts, Hilton expressed her interest in the ICO of LydianCoin, which later became embroiled in serious legal battles.
Hilton later distanced herself from the project after its founder was convicted of domestic violence and battery, and she seemingly walked away from the world of crypto — until 2020, that is.
In August, Hilton made headlines after announcing that she had sold a digital art piece of her cat, Munchkin, for a total of 40 Ether (ETH), which was worth around $17,000 at the time. Hilton’s digital painting was sold on an Ethereum-based auction platform called Cryptograph.
Today I am auctioning off my @Cryptograph of #Munchkin to benefit 3 amazing charities: @LAFoodBank @MealsOnWheels @BB4Homeless. The auction is live now for the next 72 hours at https://t.co/rCroea8vCg pic.twitter.com/XP18LGtHsi
— Paris Hilton (@ParisHilton) August 13, 2020
Hilton pledged the proceeds of the auction to three United States-based charities: the Los Angeles Regional Food Bank, Meals On Wheels and Backpack Bed for Homeless.
Title: Celebs and crypto in 2020: Blockchain cities, Bitcoin newbies and Twitter trolling
Sourced From: cointelegraph.com/news/celebs-and-crypto-in-2020-blockchain-cities-bitcoin-newbies-and-twitter-trolling
Published Date: Sat, 02 Jan 2021 07:45:08 +0000
Author: Wayne Roberts
- RevoluGROUP Canada Inc. Launches RevoluEX Cryptocurrency Exchange
- FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges
- Cover Finance Hack Victims To Get Binance $10m Reimbursement –
- district0x Price Reaches $0.0474 on Exchanges (DNT)
- Crypto Sports Price Reaches $0.18 on Top Exchanges (CSPN)
RevoluGROUP Canada Inc. Launches RevoluEX Cryptocurrency Exchange
VANCOUVER, British Columbia, Dec. 30, 2020 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the “Firm”) is happy to announce that it has formally launched the RevoluEX Cryptocurrency Trade forward of schedule.
RevoluEX is the Firm’s digital foreign money alternate allowing RevoluPAY app customers to transform main cryptocurrencies straight, together with BTC, ETH, LINK, XMR, XRP, XLM, DAI & LTC into Fiat cash for immediate deposit into their RevoluPAY E-Pockets.
PSD2 licensed RevoluPAY then permits customers to right away switch the Fiat proceeds to a checking account, use them at over 53M VISA Retailers and +100M ATMs worldwide by way of their RevoluPAY VISA Card, or buy items and companies from any of the Firm’s a number of revenue verticals. Internationally compliant DCE Huobi processes all real-time cryptocurrency conversions. All consequential Fiat foreign money flows are processed by RevoluPAY for the DCE associates, both for last credit score to the registered RevoluPAY app consumer or, in a bilateral method, for eventual Huobi associates. The Firm expects associate consumer onboarding to regularly start throughout the first fortnight of January 2021, with reciprocal promotional campaigns growing progressively into February and past.
Via as we speak’s launch, the Neobanking performance of RevoluPAY continues to increase right into a cutting-edge monetary hub, embracing the present explosive progress of cryptocurrency together with one of many world’s most outstanding DCE associates. The growing white-label use of RevoluPAY to deal with cost flows for this, and different monetary sectors ought to engender shareholder worth, declaring the Firm’s entrance into the multibillion-dollar cryptocurrency area.
Hyperlinks Utilized in This Information Launch
RevoluEX Crypto Trade https://www.revoluex.com/
Huobi Day by day Transactions https://nomics.com/exchanges/huobipro-huobi-global
The Firm’s flagship Neobanking expertise is RevoluPAY®, the Apple and Android multinational cost app. Conceived totally in-house, RevoluPAY options proprietary, sector-specific expertise of which the ensuing supply code is the Firm’s mental property. RevoluPAY’s built-in options embrace Remittance Funds, Foreign exchange, Crypto-to-fiat alternate, Retail and Hospitality funds, Actual Property Funds, pay-as-you-go cellphone top-ups, Present Playing cards & On-line Credit, Utility Invoice funds, Leisure funds, Journey Funds, and so forth. RevoluPAY employs blockchain protocols and is squarely aimed on the worldwide multi-billion greenback Open Banking sector and + $595 billion household remittance market. RevoluPAY® is operated by the European wholly-owned subsidiary RevoluPAY EP S.L located in Barcelona. RevoluPAY is a dual-licensed Canadian FINTRAC and European PSD2 payment institution 6900 underneath the auspices of E.U. Directive 2015/2366 with EU Passporting. RevoluGROUP Canada Inc. controls five wholly-owned subsidiaries on 4 continents.
About RevoluGROUP Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset, multidivisional publicly traded Canadian Firm deploying superior applied sciences within the; Banking, Cell Apps, Cash Remittance, Cell Telephone Prime-Ups, EGaming, Healthcare Funds, Esports, Bill factoring, On-line Journey, Trip Resort, Blockchain Techniques, and Fintech app sectors. Click here to learn extra.
For additional info on RevoluGROUP Canada Inc. (TSX-V: REVO), go to the Firm’s web site at www.RevoluGROUP.com. The Firm has roughly 171,645,885 shares issued and excellent.
RevoluGROUP Canada, Inc.
For additional info, contact:
RevoluGROUP Canada Inc.
Phone: (604) 332 5355
Facsimile: (604) 687 3119
Electronic mail: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This launch contains sure statements which may be deemed to be “forward-looking statements”. All statements on this launch, apart from statements of historic information, that handle occasions or developments that administration of the Firm expects, are forward-looking statements. Though administration believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements are usually not ensures of future efficiency, and precise outcomes or developments might differ materially from these within the forward-looking statements. The Firm undertakes no obligation to replace these forward-looking statements if administration’s beliefs, estimates or opinions, or different components, ought to change. Elements that might trigger precise outcomes to vary materially from these in forward-looking statements, embrace market costs, exploration and improvement successes, continued availability of capital and financing, and basic financial, market or enterprise circumstances. Please see the general public filings of the Firm at www.sedar.com for additional info.
FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges
January 1, 2021January 1, 2021
The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets.
FinCEN, a bureau of the U.S. Department of the Treasury, issued a notice on Thursday regarding a new filing requirement for cryptocurrencies. FinCEN detailed:
Currently, the Report of Foreign Bank and Financial Accounts (FBAR) regulations do not define a foreign account holding virtual currency as a type of reportable account.
The notice adds that the bureaus “intends to propose to amend the regulations implementing the Bank Secrecy Act (BSA) regarding reports of foreign financial accounts (FBAR) to include virtual currency as a type of reportable account.”
Shehan Chandrasekera, Head of Tax Strategy at Cointracker, explained that “FBAR is a form you file with your tax return if you have any foreign financial assets over 10K at any time of the year.” He clarified, “There are no taxes to be paid with this form, just additional disclosure.”
Marc Boiron, attorney at Manatt, commented: “Goodbye non-US exchanges … FBARs will need to be filed for non-US virtual currency accounts.” He emphasized:
Accidentally failing to file an FBAR can result in a civil penalty of $10,000 for each violation.
“Another example of US regulatory overreach,” Adam Cochran, Duckduckgo’s strategist, opined. “Utterly insane – but this rule will be something FinCEN would use to go after international exchanges more broadly.”
Lawyer Jake Chervinsky described that this proposal “seems targeted at users of non-US exchanges” and he believes that it “shouldn’t apply to assets in self-custody.” He suggested that the reason for the proposal might be either tax evasion or “bringing non-US crypto companies into compliance with the Bank Secrecy Act.” FinCEN is also currently trying to implement rules concerning crypto wallets before the end of the Trump term.
What do you think about this new rule FinCEN will propose? Let us know in the comments section below.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Author: by admin
Cover Finance Hack Victims To Get Binance $10m Reimbursement –
Cryptocurrency exchange Binance has announced today that it will dole out more than $10.1 million to reimburse its customers who were affected by the recent hack of decentralized finance (DeFi) platform Cover Finance.
Cover Finance hack victims are set to recieve $10 million worth of reimbursement from popular crypto exchange, Binance, after the price of its token was destroyed through an infinite minting attack.
“In addition to the compensation plan from the COVER team, Binance will utilize the Binance SAFU Fund to recompense a total of $10,107,505 USD (distributed in 8,171,634.10 BUSD and 2,581.16 ETH) to affected and eligible users,” said the announcement.
Cover Finance, a peer-to-peer insurance marketplace that allows users to buy coverage in case another DeFi protocol gets hacked, ironically fell victim to an infinite minting exploit itself.
Via this security hole, the attackers managed to quickly create massive amounts of fake coins and use them to redeem Cover’s tokens, which they later dumped on exchanges.
Another DeFi project called Grap Finance later claimed responsibility for the attack, returning Cover Finance’s funds and recommending that its developers “take care of your own shit”. While the Cover Finance protocol itself wasn’t affected by the exploit, the price of its COVER token plummeted by nearly 100%—from $731 to $26 at the time.
“Short version: COVER smart contract got hacked. A lot of users lost A LOT of money. Project team says they can’t cover the losses. We made a simple decision, we use our funds to cover losses of our users. $10 million bucks. Stay SAFU,” Binance CEO Changpeng Zhao summarized.
Per Binance’s announcement, after reviewing the latest compensation plan from the Cover Finance team, the exchange discovered that a large number of its customers bought COVER tokens after the proposed snapshot time and would be left with worthless assets as a result.
To remedy the situation, Binance decided to use its own SAFU Fund to compensate its customers, since “the COVER team was unable to provide any funds beyond their original compensation plan.”
“As described in COVER’s compensation plan, the COVER team will take a snapshot of all COVER balances at an Ethereum block height of 11541218 […] and distribute a new COVER token at a ratio of 1 COVER-old = 1 COVER-new. We will also incorporate the time that COVER trading was halted on Binance,” said the exchange.
However, while the exchange will use the COVER ticker for the new tokens that would be issued in response to the hack, it will “determine whether or not to open trading for COVER-new at a later date.”
This article is sourced from:https://decrypt.co
Author: About Comfort Obey
View all posts by Comfort Obey →
district0x Price Reaches $0.0474 on Exchanges (DNT)
district0x (CURRENCY:DNT) traded 4.5% higher against the dollar during the 24 hour period ending at 16:00 PM E.T. on January 1st. One district0x token can now be purchased for $0.0474 or 0.00000162 BTC on cryptocurrency exchanges. district0x has a market capitalization of $28.46 million and $4.39 million worth of district0x was traded on exchanges in the last 24 hours. Over the last seven days, district0x has traded 1.1% lower against the dollar.
Here’s how related cryptocurrencies have performed over the last 24 hours:
district0x Token Profile
district0x (DNT) is a token. It launched on July 18th, 2017. district0x’s total supply is 1,000,000,000 tokens and its circulating supply is 600,000,000 tokens. district0x’s official Twitter account is @district0x and its Facebook page is accessible here. district0x’s official website is district0x.io. The Reddit community for district0x is /r/district0x and the currency’s Github account can be viewed here.
Buying and Selling district0x
district0x can be purchased on these cryptocurrency exchanges: . It is usually not currently possible to purchase alternative cryptocurrencies such as district0x directly using U.S. dollars. Investors seeking to acquire district0x should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase district0x using one of the exchanges listed above.
Receive News & Updates for district0x Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for district0x and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.
Author: Cindy Kellogue
Crypto Sports Price Reaches $0.18 on Top Exchanges (CSPN)
Crypto Sports (CURRENCY:CSPN) traded up 57.2% against the US dollar during the 1 day period ending at 15:00 PM ET on January 1st. One Crypto Sports coin can currently be purchased for about $0.18 or 0.00000625 BTC on popular exchanges including Crex24 and CryptoBridge. Over the last week, Crypto Sports has traded 160.6% higher against the US dollar. Crypto Sports has a market capitalization of $500,163.54 and approximately $2,336.00 worth of Crypto Sports was traded on exchanges in the last day.
Here’s how related cryptocurrencies have performed over the last day:
Crypto Sports Profile
Crypto Sports is a proof-of-stake (PoS) coin that uses the
Buying and Selling Crypto Sports
Crypto Sports can be traded on these cryptocurrency exchanges: CryptoBridge and Crex24. It is usually not currently possible to purchase alternative cryptocurrencies such as Crypto Sports directly using U.S. dollars. Investors seeking to acquire Crypto Sports should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Crypto Sports using one of the exchanges listed above.
Receive News & Updates for Crypto Sports Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Crypto Sports and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.
Author: Maurice Goldstein