WageCan Weekly Headlines 2021 W17
“Bitcoin facilitates [a global economy] from the economic standpoint because it is a global currency — it doesn’t care where the borders are. It isn’t tied to one nationality or another.” — Tim Draper
Weekly Headline News
1. Can an NFT from Warren Buffett’s Granddaughter Save the Dolphins?
2. Governing body of Louisiana gives Bitcoin its nod of approval
3. Bitcoin facilitates a global economy, says Tim Draper
4. Norway to start digital currency tests after four years of research
5. New ASEAN blockchain consortium targets cross-border cooperation
6. YouTuber claims he’ll buy 111 Tesla Model 3s… if Elon Musk accepts Bitcoin Cash
7. ‘Bitcoin incentivizes renewable energy’ agree Elon Musk and Jack Dorsey
8. Hollywood elite will receive NFTs in recognition of upcoming awards ceremony
9. The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining
10. Pros say Bitcoin’s ‘very healthy’ correction ‘builds ground for more stable growth’
11. JPMorgan to Let Clients Invest in Bitcoin Fund for First Time: Sources
12. Chiefs Tight End Sean Culkin to Convert Entire NFL Salary Into Bitcoin
● This Earth Day, an NFT based on an artwork by Nicole Buffett, an estranged granddaughter of billionaire Warren Buffet, is going up for sale to raise money to conserve dolphins. It is the latest in a series of NFTs created in collaboration with the Open Earth Foundation that hopes to put the market frenzy for “crypto art” collectibles to good use.
●The government of the U.S. state of Louisiana recently released a resolution in which it noted some of Bitcoin’s accomplishments. The shout out to anonymous Bitcoin creator Satoshi Nakamoto came after the document gave BTC a pat on the back for its success in terms of adoption and market capitalization. The first lines of the resolution read: “To commend Bitcoin for its success in becoming the first decentralized trillion-dollar asset and to encourage the state and local governments to consider ways that could help them benefit from the increased use of this new technology.”
● Venture capitalist Tim Draper is continuing his bullish talk on Bitcoin in some investment tips for those new to the crypto space. “People are already realizing that they would rather have Bitcoin than fiat currency,” said Draper. “Bitcoin facilitates [a global economy] from the economic standpoint because it is a global currency — it doesn’t care where the borders are. It isn’t tied to one nationality or another.”
● Norges Bank has been involved in CBDC research for the past four years. It is set to test various technical solutions for a central bank digital currency following years of research. Norges Bank officially announced Friday that it will be conducting CBDC tests over the next two years upon recommendations from an internal working group.
● Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum of understanding Thursday to promote blockchain collaboration in the Asia Pacific, Business Times reports. The consortium’s launch comes amid growing cryptocurrency adoption in Southeast Asia and Australia. According to data by Statista, Southeast Asia was among the top regions in terms of crypto adoption last year.
● A Bitcoin Cash (BCH) YouTuber has promised to buy 111 Tesla Model 3s … but only if Tesla CEO Elon Musk agrees to accept BCH for Tesla purchases from now on. Going by the title “1stmil.com,” the Australian YouTuber explained to almost 8,000 followers over three short videos that he believes Tesla would see a boost in sales as a result as there are many Bitcoin Cash supporters who want to spend their cryptocurrency, whereas Bitcoin supporters tend to want to hang on to their holdings.
● Some of Bitcoin’s most prominent backers have sought to make the case for Bitcoin’s environmental efficiency, with a collaborative paper from researchers at financial services firm Square and investment manager Ark Invest asserting that Bitcoin mining can drive increased efficiency in renewable energy production. The paper has received support from top crypto luminaries including Square’s Jack Dorsey, Tesla’s Elon Musk, and Ark Invest’s Cathie Wood.
● Among the digital artwork is a piece created as a tribute to late actor Chadwick Boseman, with the proceeds from the auction benefitting the Colon Cancer Foundation. A project will be distributing nonfungible tokens, or NFTs, in the gift bags of 25 actors, actresses, and directors nominated for their roles in feature films.
● To establish an interplanetary economy, humanity needs a better financial system that decentralized cryptocurrency can offer. The transition from the analog world to a digitally native society requires programmable money. The current fiat banking system is archaic, inefficient and unable to meet a technologically advanced society’s needs. The internet of value — where value is transmitted as efficiently, cheaply and reliably as data is now — is free from any individual government or entity’s control. Bitcoin serves this purpose because of the decentralized architecture built into the Bitcoin protocol.
● Bitcoin’s price tumbled below a key support level, but financial experts agree that the correction clears the way for further upside. Élie Le Rest, the partner at digital asset management firm ExoAlpha, said: “Either way, this kind of market pullback is very healthy as it contributes to deleveraging market participants and builds the ground for a more stable growth.”
● The JPMorgan bitcoin fund could roll out as soon as this summer, sources tell CoinDesk. NYDIG will be the fund’s custody provider. Galaxy and NYDIG are now offering bitcoin funds to Morgan Stanley clients.
● The fifth-year player will use Zap’s Strike to take his entire base salary of $920,000 in what Culkin said was “the hardest form of currency.” The fifth-year tight end is the first National Football League player to be paid entirely in bitcoin. Offensive tackle Russell Okung, who famously followed through on his declaration to “pay me in bitcoin,” still takes half of his $13 million salaries in fiat.