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Green Bay Packers Quarterback Aaron Rodgers Gets Paid in Bitcoin, Gives Away $1 Million in BTC

November 03, 2021

Green Bay Packers Quarterback Aaron Rodgers Gets Paid in Bitcoin, Gives Away $1 Million in BTC Green Bay Packers quarterback Aaron Rodgers is taking a portion of his salary in bitcoin. He also gave away $1 million in the cryptocurrency to his fans in collaboration with Square’s Cash App. “I believe in bitcoin,” he said, adding that “the future is bright.” Green Bay Packers’ Aaron Rodgers Takes Part of His NFL Salary in Bitcoin American football quarterback for the Green Bay Packers of the National Football League (NFL), Aaron Rodgers, explained in a video he posted on Twitter Monday that he is taking a portion of his salary in bitcoin. In addition, he gave away $1 million in the cryptocurrency in partnership with Square’s Cash App. Rodgers said: Bitcoin to the moon … That’s why I’m pumped that I recently teamed with Cash App. They have enabled me to take part of my NFL salary in bitcoin for the very first time. He also wrote: “I believe in bitcoin & the future is bright.” The Green...

Spending a String of 20,000 BTC — 2 Bitcoin Whale Transactions Move Over $1.2 Billion

November 03, 2021

Spending a String of 20,000 BTC — 2 Bitcoin Whale Transactions Move Over $1.2 Billion On November 1, at block height 707,639, a blockchain parser caught two bitcoin whale transfers that moved approximately 19,876 bitcoin worth $1.2 billion in the mix of 2,819 transactions. Interestingly, the owner used a similar splitting mechanism the old school mining whale blockchain parsers caught, spending strings of 20 block rewards throughout 2020 and 2021. Bitcoin Whale Watching Bitcoin whales are mysterious animals because in a blockchain world of pseudonymity we only see them when they move. Last year and this year as well, Bitcoin.com News has hunted a specific whale entity that spent thousands of bitcoin mined in 2010. Every single time the whale spent the decade-old bitcoin that sat idle the whole time, the entity spent exactly 20 block rewards or 1,000 BTC . After the transfer, the wallets holding 1,000 BTC dispersed the funds into smaller-sized wallets. According ...

$1.75 Trillion for Climate Change, Social Services — Biden’s 'Build Back Better' Plan Advances While Inflation Grips US

November 03, 2021

$1.75 Trillion for Climate Change, Social Services — Biden’s 'Build Back Better' Plan Advances While Inflation Grips US This week, U.S. lawmakers are preparing to debate the advance of Joe Biden’s Build Back Better proposal, which is now estimated at $1.75 trillion. The new proposal follows the expansive monetary policy the Federal Reserve engaged in during the last two years expanding the money supply like never before. Meanwhile, U.S. inflation is at a 30 year high and the central bank’s Federal Open Market Committee (FOMC) plans to assess new strategies today. Biden Slims Down ‘Build Back Better’ Plan Last week, U.S. president Joe Biden offered a slimmed-down “ Build Back Better ” proposal from its original $3.5 trillion to the current estimate of $1.75 trillion. The proposal follows the massive monetary expansion that stemmed from the U.S. Federal Reserve adding credit to its member banks’ deposits. In order to deal with the economic disaster caused by the government’s Co...

Pro-Bitcoin Miami Mayor Says He Will Take Next Paycheck 100% in BTC

November 03, 2021

Pro-Bitcoin Miami Mayor Says He Will Take Next Paycheck 100% in BTC The mayor of the U.S. city of Miami says that he is going to take 100% of his next paycheck in bitcoin and become the first American politician to accept a salary in cryptocurrency. The mayor is currently trying to build his city into a bitcoin capital of the world. US Politician Wants to Be Paid in Bitcoin The pro-bitcoin mayor of the U.S. city of Miami, Francis Suarez, tweeted Tuesday that he is going to take 100% of his next paycheck in bitcoin. His statement was in response to a challenge by Morgan Creek Digital partner Anthony Pompliano asking on Twitter: “Who is going to be the first American politician to accept their salary in bitcoin?” In his tweet, Mayor Suarez asked Mike Sarasti, CIO and director of Innovation & Tech of the city of Miami, to help make it happen. Sarasti indicated that he will help by tweeting “Mayor. Amazing” in reply, along with two “100” symbols and a bitcoin symbol. The Miami ma...

Coinbase Lets Customers Borrow up to $1 Million Using Bitcoin as Collateral

November 03, 2021

Coinbase Lets Customers Borrow up to $1 Million Using Bitcoin as Collateral The Nasdaq-listed crypto exchange Coinbase is now letting customers borrow up to $1 million using bitcoin as collateral. The company charges 8% APR but there is no credit check. The exchange said that the bitcoin used as collateral “remains safely held by Coinbase,” emphasizing, “It’s not lent out or used for any other purpose.” Customers Can Borrow up to $1M With Bitcoin as Collateral From Coinbase Cryptocurrency exchange Coinbase announced Tuesday: We’re excited to announce that eligible customers can now borrow up to $1 million USD from Coinbase. On its website, the Nasdaq-listed crypto exchange explained that eligible customers can “Borrow cash using bitcoin as collateral,” noting that borrowers will “Pay just 8% APR with no credit check.” The company explained that customers can borrow as much as 40% of the value of the bitcoin in their account, up to $1 million. “Each month you only need to pay the ...

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations

October 27, 2021

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments in Crypto Addressing members of the National Assembly this week, Pakistan’s Minister of State for Parliamentary Affairs, Ali Muhammad Khan, recognized cryptocurrency as a new concept. He then noted that the government did not have any objection if the Pakistani youth would take the opportunity to invest through this new technology. Khan made the comments on Wednesday in response to a calling attention notice in the lower house of parliament regarding the absence of a regulatory framework for cryptocurrencies in the country, the Da...