That's Your Lot- Crypto News Round Up, Feb. 10th

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Avatar for MarKlar
3 years ago

If a crypto could crypt toe, how much toe could a crypto crypt if a crypto could crypt toe. hhhmmm- needs work.

dark.fail, a service which provides links to dark web markets, claims two of its donors had their accounts unfairly frozen by exchanges. If the allegations are true it does seem to go against the foundational principles of blockchain technology and cryptocurrency. 

NBA star Spencer Dinwiddie, who has been a bitcoin advocate since 2017, has launched Calaxy App. The App intends to help athletes and entertainers mint their own cryptocurrency tokens. The entertainment and sports industries have long had a reputation for parasitic agents, managers and owners and projects such as this may help to give intellectual rights back to creators.

Some misguided, naive interventionist is suggesting that ethical 'green-hackers' attack the bitcoin network in protest at its high energy consumption. Someone give him a big mac dressed as a veggie burger, a girl with hairy armpits and a bong and sit him the fuck down.

Luckily there's some positive news to counteract that nonsense as Argo has announced a new bitcoin mining facility in Texas which will have access to up to 800 megawatts of cheap, renewable energy. Just don't let matey from the previous story know, he might choke on his big mac. 

Hot on the heels of Tesla's investment in bitcoin, Deutsche Telekom subsidiary T-Systems Multimedia Solutions has announced that it has begun staking on blockchains. Deutsche Telekom is Europe's largest telecoms company with ties to Chainlink (LINK).  MMS is now in fact staking and earning crypto rewards. They're the Miles Davis of European Telecommunications.

And now for the Miles Davis of the Ukrainian mobile banking sector- Oleg Gorokhovsky, the co-founder of Monobank has revealed he has personally invested in Bitcoin and predicts a price of $100k by next year. Monobank is the largest mobile bank in Ukraine with over 2.5 million users and this latest news is in line with Ukraine's crypto friendly perception among European nations. 

In the final act of our investment trilogy, it seems Twitter is also considering adding Bitcoin to its balance sheet. Don't want to tell these hugely successful people how to run their companies but I have to wonder when will this consideration turn to action? What's the hold up at this stage? Jack Dorsey was in the news again too as he donated $1 million to Crypto Think Tank Centre.

Thailand's oldest commercial bank is to launch a new $50 million investment fund for blockchain and Defi startups. Siam Commercial Bank has history in the sector having already been an investor in the likes of Ripple and Blockfi. Bet you didn't expect that prequel so soon after the trilogy. So unnecessary too. 

This next story has a hint of James Bond about it as 20,000 bitcoin miners have apparently been set up in Siberia by an unknown source. My money is on Octopussy being the source.

A Virginia bank (Blue Ridge) announced it would allow customers to redeem and buy bitcoin at its ATMs and promptly had trading of its stock halted on the NYSE. In fairness, they really should have asked the NYSE first, rookie mistake.

President of the ECB Christine Lagarde further showcased her ignorance by saying the backwards looking ECB will not hold bitcoin anytime soon. Personally, I'm delighted. Keep out, crypto was invented in order to get rid of things like the ECB. But don't worry my fellow europeans, the digital euro is only four more years away according to Pissy Chrissie.

Mastercard will allow merchants to accept crypto payments this year. A promising step towards a genuine crypto economy. 

Right, that's your lot. 

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