Gilberto ‘Zurdo’ Ramírez, a Mexican boxer with an impeccable professional record, is warming up for a Saturday night bout, one last hurdle before getting a shot at the World Boxing Association (WBA) light heavyweight title. Ramirez will face Yunieski Gonzalez in a final eliminator securing a chance to defeat the unbeaten champion, Dmitry Bivol. Bitcoin.com […]
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Are miners confident the PoS will not happen? Or are they just blind. How many will get scammed by thinking they are buying a mining farm for cheap, when in reality its being sold because of the switch to proof of stake? Must feel really good to mine ETH for years, then unloading your equipment…
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Good afternoon, Vitaly. I highly appreciate your work in the development of cryptocurrencies and blockchain technology in general. It seems to me that you have a systematic approach and that is why I am addressing you with the idea of becoming an inspiration or creator of the global financial Internet. The Financial Internet is a…
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Something exciting & sensational is coming for NFT collectors and enthusiasts alike to look forward to. Trava.Finance is launching #KnightNFT for enabling NFT-collateralization. By opening the NFT marketplace for everyone and facilitating collateralization, we can see more activity in the future & benefits. This will enable Trava.Finance to progress towards achieving their goals and introducing […]
The 500 BTC blind trust announced its board of directors. Back in February, Jack Dorsey and Jay-Z created the ₿trust with a clear mission; to “make bitcoin the internet’s currency.” The four individuals in charge of making that happen are now public knowledge. Three of them are from Nigeria, a country that prohibited banks to process Bitcoin and other cryptocurrencies’ transactions. And is now one of the world’s leading P2P Bitcoin markets. Related Reading | Spiral BTC Releases Lightning Development Kit. Jack Dorsey’s Puppet Promotes It Bitcoin’s price was roughly $47K on February 12th. That day, Dorsey announced the blind trust via Twitter, “Jay-Z and I are giving 500 BTC to a new endowment named ₿trust to fund Bitcoin development, initially focused on teams in Africa & India. It‘ll be set up as a blind irrevocable trust, taking zero direction from us.” It’s interesting that the blind trust uses Bitcoin as the unit of account. In the future, who knows how much those 500 BTC might be worth in fiat terms? JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development, initially focused on teams in Africa & India. It‘ll be set up as a blind irrevocable trust, taking zero direction from us. We need 3 board members to start: https://t.co/L4mRBryMJe — jack⚡️ (@jack) February 12, 2021 In any case, Dorsey’s call for board directors received more than 7000 applicants. The Blind Trust ’s Board Members In the Tweet announcing the winners, Dorsey said. “I’m so grateful for you all and so inspired. They’ll now work towards defining the operating principles as they think about how to best distribute the 500 bitcoin towards development efforts.” As promised, the four candidates will have full autonomy and decide the direction and scope of the trust. Announcing the ₿trust board: @actuallyCarlaKC, @ihate1999, @obi, & @ojomaochai! I'm so grateful for you all and so inspired. 🧡⚡️🌍 They'll now work towards defining the operating principles as they think about how to best distribute the 500 bitcoin towards development efforts. https://t.co/jwbr4qQUZ2 pic.twitter.com/1MszEPdGKL — jack⚡️ (@jack) December 15, 2021 The blind trust’s board members are: Ojoma Ochai, Obi Nwosu, Abubakar Nur Khalil, and Carla Kirk-Cohen, the only South African of the bunch. By just casually looking at their Twitter feeds it becomes obvious that they’re all thoroughly dedicated to Bitcoin already. Here, Nwosu explains how the Nigeria ban actually helped promote Bitcoin. Ochai, a hard-core cultural promoter, recommended Spiral to her followers and hinted at her designation. Kirk-Cohen is helping to train the next generation of African Bitcoin developers, and so is Nur Khalil, who’s a Bitcoin Core contributor. A lot of people think that Bitcoin will go to zero because “GovErNmeNtS will ban it” @obi explains why Bitcoin actually gets stronger 💪 when governments try to hinder its adoption. pic.twitter.com/hD97KMZxMx — 37 sats (@ck_SNARKs) November 23, 2021 As for reactions, Kirk-Cohen is the only one that hasn’t said anything yet. Nur Khalil, who’s only 22, said. “Thank you so much Jack for the opportunity!! I am really honored to work with this great team! Let’s get to work on building the future of Bitcoin and launching Africa into the forefront of the monetary revolution!!!” For her part, Ochai said. “Really excited to get going! Thanks to you Jack, Jay and all who made this happen! Look forward to working with fellow board members…” Finally, Nwosu said. “Thanks Jack and the team. Super excited to be a part of this vision, organization, and mission… and to finally be able to talk about it!” Really excited to get going! Thanks to you Jack, Jay and all who made this happen! Look forward to working with fellow board members… https://t.co/kNYBQ33Vqi — Ojoma (@ojomaochai) December 15, 2021 Conclusions And Questions The original call for board members for the blind trust said they were “initially focused on teams in Africa & India.” Does the fact that there are no Indians in the group mean that the ₿trust will focus on Africa only? The continent is huge and each country in there has its own idiosyncrasies and special characteristics. What will the board choose? And speaking of that, will the board have total independence? The original post said “taking zero direction from us,” but, 500 BTC is a huge sum of money. BTC price chart on Bitbay | Source: BTC/USD on TradingView.com In any case, this blind trust will be one of the most interesting experiments developing over the next few years. And you can count on NewsBTC to keep you posted and informed of any new development. Related Reading | Revisiting Dorsey’s Hyperinflation Tweet: Elon, Wood, Saylor, Balaji, Chip In The world will thank Jack Dorsey and Jay-Z for this one. As podcaster Matt Odell said replying to Jack’s announcement, “I do not think people are properly appreciating how huge of an impact this initiative can have.” Featured Image: The board members from Dorsey’s tweet | Charts by TradingView
Solana Ventures, the investment arm of Solana Labs, has announced a new investment fund to bring more Web3 products to its network. In partnership with Forte, a company that provides tools for blockchain integration on games, and Griffin Gaming, a VC company invested in the global gaming market, Solana Ventures will open a $150 million […]
Ethereum is up 5% and the bulls pumped the price above $4,000 against the US Dollar. ETH price could continue to rise if it stays above the $3,920 support. Ethereum gained pace for a move above the $3,850 and $3,920 resistance levels. The price is trading above $4,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,920 support and the 100 hourly SMA. Ethereum Price Gains Momentum Ethereum started a steady recovery wave above the $3,800 and $3,850 resistance levels. ETH was able to gain pace after there was a close above the $3,850 level. The bulls push the price above the 50% Fib retracement level of the key decline from the $4,175 swing high to $3,666 low. Besides, there was a break above a key bearish trend line with resistance near $3,840 on the hourly chart of ETH/USD. Ether price is now trading above $4,000 and the 100 hourly simple moving average. It tested the $4,050 resistance zone. The stated resistance is near the 76.4% Fib retracement level of the key decline from the $4,175 swing high to $3,666 low. Source: ETHUSD on TradingView.com The next major resistance is near the $4,080 level. A clear move above the $4,080 level could start a fresh increase in the near term. The next stop for the bulls could be $4,150. A close above the $4,150 level may possibly spark a move towards the $4,250 level. In the stated case, it could even rise towards the $4,350 level. Dips Supported in ETH? If ethereum fails to start a fresh increase above the $4,050 level, it could start a downside correction. An initial support on the downside is near the $3,960 level. The key support is now forming near the $3,920 level and the 100 hourly simple moving average. If there is a clear break below the $3,920 support, the price could extend losses. The next major support is $3,880, below which the bears are likely to aim a test of $3,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is still well above the 50 level. Major Support Level – $3,920 Major Resistance Level – $4,050
