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Dogecoin Accepted as Payment by NBA’s Dallas Mavericks as Owner Mark Cuban Invests in NFT Platform

Dogecoin (DOGE) will continue gaining traction, and it will soon be entering the NBA thanks to seasoned investor and owner of Dallas Mavericks – Mark Cuban.     Dallas Mavericks will be accepting Dogecoin payments for tickets and merchandise purchased online. The NBA team and BitPay – one of the world’s biggest cryptocurrency payment services – will partner up to…

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Federal Reserve Bank Sees Nationwide Outage Days After Treasury Sec Says Bitcoin is “Extremely Inefficient”

The Federal Reserve Bank experienced a nationwide outage with its electronic payment system on Wednesday afternoon. As reported, a Fed statement attributed the outage to an “operational error” but failed to provide any more details. The glitch affected the Automated Clearing House (ACH), the system which is being used for paychecks, bill payments, and other small and medium-sized transactions across…

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Defeated Donald Trump-themed NFT Sells for USD 6.6 Million

  The resold NFT by Beeple. Source: A screenshot, Nifty Gateway The non-fungible tokens (NFTs) market is showing signs of hotting up to unprecedented levels – with a Donald Trump-themed piece of digital art fetching a staggering USD 6.6m in a resale deal. The artwork was created by popular digital artist Beeple, who has had an outstanding start to 2021.…

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Bitcoin Can Be Used by Corporate Investors to Manage the “Impact of Monetary Inflation”- MicroStrategy

A major trend in the financial market ecosystem of today is Bitcoin (BTC) investments by corporate or institutional investors, a move that has had a huge impact on the global cryptocurrency market. Responding to a Bloomberg crypto summit tweet featuring his speech, MicroStrategy Chief Executive Officer, Michael Saylor provided an explanation as to why firms have been adding BTC to their balance sheets. MicroStrategy also…

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XRP Posted Biggest Single-Day Gain in 3 Years in a Coordinated Buying Attack

“Traditional Crypto-Pump groups are being copied and legitimized by WallStreetBets,” Jehan Chu, co-founder and managing partner at Kenetic Capital, told CoinDesk. XRP rallied hard on Saturday in a move similar to a crowd pump recently observed in out-of-favor stocks such as GameStop. The cryptocurrency jumped 56% to $0.50944 to hit the highest level since Dec. 22, according to CoinDesk 20…

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