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Mark Cuban Demystifies DeFi and Yield Farming for Beginners

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In a blog post on June 13, 2021, Mark Cuban explains the key advantages decentralized finance (DeFi) businesses have over traditional financial institutions and the key points to look out for when investing in DeFi projects.

Making the Most of DeFi

Decentralized Finance (DeFi) has been touted as the future of crypto and the rapidly evolving multi-billion dollar industry enriches the pockets of savvy users every blessed day. However, there are also risks involved in the juicy business, and Mark Cuban, the owner of NBA outfit Dallas Mavericks has highlighted the key points to note when investing in DeFi.

While there are hundreds of decentralized finance projects currently in existence, with much more springing up nearly every day, Cuban notes that the first thing to do before pumping your hard-earned money into any of these platforms is to find out the nature of their business.

“Yes, every single DeFi project is at its core, just another business. They may or may not know what business they are in, but they are just another business that happens to be using a blockchain and smart contracts to host and program their operations,” he wrote.

The DeFi Advantage 

Cuban went ahead to mention some of the DeFi projects he’s currently invested in, including Polygon (MATIC), Zapper.fi, and Bancor (BNT), while also explaining the major advantages that these DeFi protocols have over their counterparts in the traditional finance world.

Specifically, Cuban has argued that the decentralized governance model adopted by DeFi (where miners, validators, liquidity providers, etc control the ecosystem) businesses brings about significant cost savings, as these platforms do not need to spend huge amounts of money on cloud computing infrastructure such as Amazon Web Service (AWS) like their counterparts in the traditional finance industry.

“Any other business you have to raise a shit load of money in order to host your own servers, or more likely pay for cloud computing costs which can be insanely expensive for compute-intensive applications and just as expensive for scaling heavy use applications. Plus you have to hire all the people, have the CapEx to support them, etc,” he added.

According to Coinopsy, there are currently more than 2,000 dead cryptocurrency projects and Cuban has predicted that many DeFi platforms will also kick the bucket in the near future, as stronger competitors will suffocate these businesses.

At press time, the DeFi space has a combined TVL of $121.88 billion, with AAVE maintaining a 10.68 percent dominance, according to Defi Llama.

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Source: https://btcmanager.com/mark-cuban-defi-yield-farming/

Blockchain

How to Buy a Luxury Watch with Bitcoin & Cryptocurrency

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The luxury watch market is red hot. With Bitcoin and cryptocurrencies continually hitting all time highs, there’s never been a better time to cash out and spend your crypto. Whether you’re looking to diversify your assets or just want to treat yourself with a fine timepiece, buying luxury watches with Bitcoin and other coins is easy and safe.

There are two easy ways to buy a watch with crypto:

  1. Use the BitPay debit card to buy your watch anywhere that MasterCard is accepted (online and in-person). This is the most flexible option and best for future/ongoing purchases.
  2. Shop directly from a select number of trusted watch dealers that accept Bitcoin and crypto via BitPay. If you only buy watch every once in a while, or your purchase will exceed the BitPay Card’s limits, this may be the better option for you.

Use the BitPay Card to Buy Luxury Watches with Bitcoin & Crypto (most flexible method)

The BitPay Card is a prepaid debit card that you can fund from almost any wallet. Get the virtual card free with no transaction fees for watch purchases made within the U.S.

Here’s How to Use the BitPay Card to Buy Luxury Watches

  1. Download the BitPay Wallet app for Android or iOS.
  2. Sign up for the BitPay Card.
  3. Find your watch.
  4. Add funds to the card through the BitPay App. At checkout, use the BitPay Card like any other debit or credit card.
  5. Enjoy your new timepiece!


Get the Card


Shop Reputable Watch Dealers that Accept Bitcoin and Crypto Payments via BitPay

Among all of the companies that accept Bitcoin, there are several watch dealers in the mix. Some of our preferred dealers include:


How to Shop Reputable Watch Dealers with BitPay

  1. Find the watch you want (see some suggestions below).
  2. During checkout, select BitPay as the payment method.
  3. Select the wallet and crypto asset you’d like to use to pay.
  4. An invoice will be generated. Scan the QR code or copy and paste the payment details into your wallet.
  5. Congratulations, you’ve just bought yourself a new timepiece using crypto!
Checking out with BitPay is safe and easy

Classic Luxury Watches to Buy with Bitcoin

If you’re new to the luxury watch space and aren’t quite sure which watch is for you, here are a some of our favorites.

Omega Speedmaster

image: Jomashop

This is the watch that went to the moon. Enough said.
Shop the Omega Speedmaster at Jomashop.

Rolex Submariner

image: Jomashop

The essential Rolex. A timeless design that is available in a variety of colors. The only thing better than buying a Rolex, is buying a Rolex with Bitcoin.
Shop the Rolex Submariner at Jomashop.

Patek Phillipe Nautilus

image: Jomashop

Possibly the most sought after watch in the world. If you can find one, don’t let it go.
Shop the Patek Phillipe Nautilus on Jomashop

Tag Heurer Monaco

image: Jomashop

A striking blue dial and cool retro details make this a classic luxury watch.
Shop the Tag Heurer Monaco on Jomashop

Additional Questions About Buying Luxury Watches with Bitcoin

Which coins can I use to buy my watch?

BitPay accepts Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Litecoin (LTC), XRP (XRP), Dai (DAI), Binance USD (BUSD), Wrapped Bitcoin (WBTC), Paxos Standard (PAX), and Gemini Dollar (GUSD)

What crypto wallets can I use to buy my watch?

BitPay supports the most popular wallets including MetaMask, Trezor, Coinbase, Kraken, and many more.

What watch retailers accept Bitcoin & crypto payments?

Reputable watch dealers that accept crypto payments via BitPay include Jomashop, CRM Jewelers, DavidSW, Wrist Aficionados, Ashford, Ace Jewelers, Maison Birks, Icebox, and Stephen Silver Fine Jewelry.

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Source: https://bitpay.com/blog/how-to-buy-a-luxury-watch-with-bitcoin-cryptocurrency/

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Can SHIBA INU Make You a Millionaire? SHIB Price Prediction!

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Now Shiba INU coin has been explosive and has been up 100 percent in the last seven days.

And after the drop we had yesterday, Bitcoin has recovered and is now trading at over sixty thousand dollars. We also have the majority of altcoins in the green today, but now we’re seeing some red in Shib.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://medium.com/@charlesbronsoneu/can-shiba-inu-make-you-a-millionaire-shib-price-prediction-4dae4e76e51f?source=rss——cryptocurrency-5

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Token Sale Launch Pushed As We Wait To Get Xircus Smart Contract Audited

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Xircus NFT

We’re making significant advances with the project on the technical front as well as strategically representing the project at international events to secure the necessary funding to take the project to the level it deserves. However, to the community members who are eagerly waiting for the token sale launch, we have to announce a short delay. It’s been a tough call for me and the team but eventually, we have decided not to go ahead with the launch without having our smart contract duly audited by one of the most reputed names in the industry. While it’s already in the process, unfortunately, we haven’t gotten our smart contract audited. As reported by our auditing partner, it would take some time.

The team and even some long standing initial members of the Xircus community have advised not to launch without the SC audit. We do take the responsibility for the delay — honestly we miscalculated the time it would take to get it audited. That said, we believe it is very much in the best interest of the team, the project and taken holders that we launch the main token sale event with an audited smart contract. It would give confidence to investors and our launchpad and Dex partner platforms.

At this point, it is also important to share with our community members that we haven’t fully met the expectations during our private sale rounds. That’s precisely because we had been busy focussing on developing the project on the technical front and were not just securing investments through token sales. However, with the platform ready for deployment we are now forging meaningful partnerships and have top blockchain investors like Ian Scarffe on board. Ian has been proactively helping Xircus connect with a network of investors who have demonstrated interest in the project intrigued by its disruptive potentials. To blockchain enthusiasts, Ian Scarffe needs no introduction as he has been behind a number of successful blockchain startups and has helped them overcome liquidity challenges.

Also, we have been actively representing Xircus at international forums and connecting with institutional investors with whom we have had rounds of talks. Sequoia Capital is already having considerations for Xircus and we may soon get a big positively exciting news from them. All this is to remind our community members that projecting Xircus to institutional investors and VCs and securing meaningful partnerships and investments effectively translates to huge benefits for our private community investors before we launch the main token sale event.

At this point, deciding to go ahead with the token sale without the smart contract audit and without meeting the private sale expectations would be irresponsible on the part of the Xircus team. We are already doing the needful for the community and leaving no stone unturned to ensure that everything works out in the best interest of the project and the community and all existing potential investors.

In the meanwhile we have also made some exemplary developments with the platform. We’ve been consistently improving the products. Working on the feedback we received we have been consistently improving the Xircus platform.

Let’s take quick look at some important developments over the past two weeks:

1. Dashboard — The new dashboard now allows you to add token assets for you to view your balance. Users can also add them to their metamask wallet.

2. Skins Marketplace — An additional section where users will be able to see all marketplace skins on sale. These could be from Xircus, resellers and even the developer community. The platform would generate 1% royalty from resellers and 5% commission from developer created skins. Note that 1% of commission earned will be burnt on every purchase.

3. Provider Center — The provider Center is a powerful tool for the Ringmasters. It offers a dashboard for those who want to host queries for marketplace data servers from low latency, edge-servers thru CloudFlare. Providers earn 10% from all marketplace mint and transaction fees. Requires staking 10,000 ~ 25,000 $XIRCUS tokens, 5% burned on stake, locked yearly.

4. DeFi Studio — A dedicated tool to deploy NFT staking contracts that allows users to buy random NFT items. The proceeds from the sales are distributed to all creators who participated — works like a jukebox. 1% of the $XIRCUS token is burned :chains::chains:

5. IPFS Uploader — section where you can upload file to IPFS and share link to anyone — alternative for WeTransfer :space_invader:

6. Token Factory — Its as additional section where users can deploy tokens for FREE. It includes both standard and deflationary tokens. Users can leverage their stablecoins to instantly add liquidity to their newly created tokens.

7. We are providing a new set of domains such as nyft.app, viveo.xyz, audix.xyz and many more.

In the coming week we are also releasing two NFT marketplaces. First is for our pioneer NFT marketplace showcasing crypto arts and the second is Xircus Elite Club NFT marketplace similar to BAYC where NFT holders will have exclusive access to future products, opportunities and more. All will be deployed through Xircus Deployer Studio.

Mobile App for iOS and Android:

Once again, we did not anticipate the delay but we are confident that we will soon have the smart contract audited and can go ahead with the confident token sale launch that would be in the best interest of the project and all our existing and potential investors.

Please note that the delay would just be a matter of days, not weeks.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://xircus.medium.com/token-sale-launch-pushed-as-we-wait-to-get-xircus-smart-contract-audited-9ab75307edc3?source=rss——cryptocurrency-5

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