Miami real estate firm accepts crypto deposits for condos after conference

Driven by momentum from the Miami Bitcoin event, luxury condo development E11EVEN Hotel and Residences has already secured its first crypto deposit. Miami-based E11EVEN Hotel and Residences is claiming to be the first real estate company to allow deposits for property purchases in the form of cryptocurrency. Speaking to Fox Business, company and condominium project co-founder, Marc Roberts, stated the enthusiasm for crypto has been “really astounding”. Roberts noted that local interest in crypto assets had piqued amid the recent Bitcoin Miami conference — which took place earlier this month…

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Pension provider partners with Coinbase to offer 5% exposure to crypto

Pension funds are looking to crypto investments despite the recent market sell-off. United States-based retirement plan provider, ForUsAll, is joining forces with Coinbase to allow clients to invest up to 5% of their portfolio assets in cryptocurrencies. The pension provider, which primarily serves small-to-medium-sized businesses, is working to offer exposure to more than 50 cryptocurrencies in a product called Alt 401(k). The firm’s co-founder and chief investment officer, David Ramirez, acknowledged concerns regarding offering crypto products in pension portfolios due to their volatility, but argued that U.S. citizens will be…

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Nifty News: Porsche enters NFT sector, Mark Cuban keeps investing, and Chainlink-powered NFTs

Porsche announces NFT subsidiary, Chainlink oracles unlock special NFT content, and Mark Cuban continues to invest millions into companies targeting nonfungibles. Porsche unveils NFT subsidiary German sports car giant Porsche has drifted into the nonfungible token (NFT) market, with a June 14 announcement revealing the launch of an NFT collectible startup dubbed Fanzone. However, the car manufacturer will not be looking to tokenize its luxury vehicles at this stage, instead opting to focus on soccer-themed NFT collectibles. Fanzone, which was built from Porsche’s digital subsidiary Forward 31, has already inked…

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Bitcoin derivatives data shows pro traders ignored today’s $41K pump

Bitcoin price may have pumped 10% to $41,000 but derivatives indicators show top traders aren’t feeling so bullish. Sometimes all Bitcoin (BTC) needs to pump 10% is a positive remark from someone like Elon Musk. The Tesla CEO has been pointed to as the culprit for the recent downturn after the company’s May 12 announcement explaining that it would no longer accept Bitcoin payments due to environmental concerns. Musk followed up by saying that he was looking into other cryptocurrencies that required 99% less energy consumption.  However, on June 13,…

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Despite The Dip, The Bitcoin Market Is Bullish As Ever

There are several reasons why this bull market is set to continue, as reviewed in This Week In Bitcoin. This Week In Bitcoin is a new segment covering the events of the week that occurred in the Bitcoin industry, covering all the important news and analysis. Summary This was the week of El Salvador. Since President Nayib Bukele’s announcement in Miami at Bitcoin 2021 that El Salvador would adopt bitcoin as legal tender, the internet has been ablaze. The country’s parliament has since made it official, voting with a supermajority…

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Following massive BTC purchase announcement, MicroStrategy says it may sell up to $1B in stock

The firm said it intended to use the proceeds from the offering “for general corporate purposes, including the acquisition of Bitcoin.” The same day business intelligence firm MicroStrategy announced it would use $488 million from the proceeds of a private offering sale to buy Bitcoin, the company said it may also sell up to $1 billion of its stock for the same reason. In a Monday S-3 filing for the U.S. Securities and Exchange Commission, MicroStrategy said it would be launching an “at the market” securities offering which would allow…

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Algorand (ALGO) price strengthens as institutional investors back the project

Backing from institutional investors and a series of new partnerships could help ALGO break from its current range in the coming week. Consolidation periods tend to follow strong rallies but they also present a good opportunity to survey the field and evaluate projects that have strong fundamentals. One project that continues to gain traction in terms of price recovery and network adoption is Algorand (ALGO), a pure proof-of-stake (POS) blockchain network that has secured new partnerships and real-world use case applications, as well as support from multi-million-dollar funds in recent weeks.…

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Interview: Self Sovereignty With Btc_Log

In this episode of “Meet The Taco Plebs,” Bitcoin Magazine’s Casey Carrillo sat down with btc_log to talk about all things bitcoin. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I sat down with Twitter pleb @btc_log to discuss his bitcoin rabbit hole story, his thoughts on bitcoin’s impact on life, and his future price predictions. Btc_log went into detail about how he started out in Bitcoin with mining, and how he believes this…

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Asia-based Rangers Protocol valued at $63M following private equity round

Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backers. The newly rebranded Rangers Protocol has a valuation of $63 million following its latest private equity round, as the high-performance blockchain protocol eyes further expansion into new corners of the digital asset market.   The Asia-based Rangers Protocol describes itself as a provider of “virtual worlds blockchain infrastructure,” which allows entrepreneurs and creators to build on top of the platform in a permissionless environment. Rangers…

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Thinking Too Small And The Pitfalls Of The Inflation Narrative

It may be that the most-cited narrative of bitcoin is simply one of many aspects in this global technological adoption. The One Chart We Need To Study And Why Bitcoiners Need To Move Away From The 1970s-Style Inflation Thesis The first chart plotted below is deceptively simply, and yet extremely important. I would even make the argument that it is the most important chart to fully internalize so far in 2021. This is the signal through the recent noise of messy economic data. Chart #1 below visualizes Nominal Gross Domestic…

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