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Phoenix Force wins Free Fire World Series 2021 finals, TheCruz wins the MVP award

Free Fire World Series was the first global event of 2021 esports season with a prize pool of $2M.

The post Phoenix Force wins Free Fire World Series 2021 finals, TheCruz wins the MVP award appeared first on TalkEsport.

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We are done with one of the major Free Fire Esports events of this year, the Free Fire World Series 2021. Phoenix Force is the undefeated champions of the world’s most-watched esports tournament. Yes, you heard it right. Free Fire World Series 2021 has created some insane records in the esports ecosystem. Every esports enthusiast is just talking about the massive numbers this event has gathered and reached new heights.

The finals of Free Fire World Series 2021 have finally ended and we have our champions, Phoenix Force. The team just stormed out the Free Fire battlefield and took on every team with ease.

The squad demonstrated some insane skills and emerged as the winners. We can only just think of the destruction they did when they took three consecutive booyah’s in the first three matches in the finals. Phoenix Force secured a total of four booyah’s out of 6 matches played in the finals.

With a $2M prize pool at the stake, all 12 teams gave their best to take the trophy home.

But Phoenix Force had some different plans, they came just to dominate. The squad from Thailand took home $500,000 as the prize money and the glory of champions title. Although, The Brazillian squad Loud did their best to reach the number one spot.

With just one match left in the completion of the finals, Loud was looking at scoring 36 points in the last match to just equalize their score with Phoenix Force. Which was just impossible for any team.

Moreover, Phoenix took the last booyah of the game and sealed the trophy for themselves. TheCruz from Phoenix Force was the MVP of the finals. Here are the overall standings of the teams.

  1. Phoenix Force – 113 points
  2. LOUD – 77 points
  3. Silence – 73 points
  4. Fluxo – 59 points
  5. HQ Esports – 55 points
  6. Burst The Sky – 41 points
  7. Team Aze – 37 points
  8. EVOS Divine – 34 points
  9. Geek Fam – 27 points
  10. VIP Esports – 27 points
  11. First Raiders Bravo – 27 points
  12. LGDS -14 points

Free Fire World Series 2021 reaches peak viewership in the history of mobile esports

Besides the top 12 teams’ individual performances. Free Fire Esports itself dominated the complete esports ecosystem. The finals event saw a record viewership of more than 5.4 million. With this, the world series has become the most-watched tournament in the history of esports.

With all South Asian teams ruled out of the event at the last moment. Still, they managed to pull out these statistics and break records. Witnessing such type of craze of mobile esports, we can definitely see the future of mobile gaming in the coming years.

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Source: https://www.talkesport.com/news/phoenix-force-wins-free-fire-world-series-2021-finals-thecruz-wins-the-mvp-award/

Blockchain

MiamiCoin Could Free Residents Of Tax Burden, Says Mayor

Thanks to its recently launched cryptocurrency, Miami is exploring a new way to fund municipal expenditures. ICYMI my interview on MiamiCoin w/ @FoxBusiness ✅The revolutionary concept of @mineCityCoins ✅Understanding how it’s generated $5M+ for the City ✅How these benefits translate into a better quality of life for Miamians pic.twitter.com/ipewPwBMdw — Mayor Francis Suarez (@FrancisSuarez) September […]

The post MiamiCoin Could Free Residents Of Tax Burden, Says Mayor appeared first on CryptoCoin.News.

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Thanks to its recently launched cryptocurrency, Miami is exploring a new way to fund municipal expenditures.

MiamiCoin earns 2,000 USD every 10 minutes for the city

In February, Miami mayor Francis Suarez made first advancements to transform the city into a cryptocurrency hub. His plans were further cemented when the municipal cryptocurrency MiamiCoin launched last month with 30% of all mined coins going directly to the city.

In a recent interview with Fox Business, Suarez confirmed that the city receives roughly 2,000 USD every 10 minutes though MiamiCoin. Annualized, this transfers to a revenue of over 100 million USD, although Suarez has been more careful, estimating a yearly revenue of 60 million USD. The money is earmarked for specific projects, such as funding for underprivileged communities, crypto education, and climate change mitigation.

Crypto could revolutionize government funding, says Francis Suarez

In his interview, Suarez stated that MiamiCoin could theoretically abolish Miami’s already low tax burden altogether:

It’s interesting because it’s not an involuntary tax and it’s not philanthropy. It’s something that is completely different and could revolutionize the way governments are funded in the future.

It is still a long way to go for that though. In 2015, the City of Miami recorded a total tax revenue of roughly 240 million USD. Yet, the move towards municipal coins is a very natural development.

Using cryptographic tokens as a funding vehicle for developing DeFi platforms and other decentralized applications is a tested method and has specially made great advancements over the last year. It should be only a matter of time until this method will be tried on a municipal, or even nationwide scale.

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Source: https://cryptocoin.news/news/altcoin/miamicoin-could-free-residents-of-tax-burden-says-mayor-64826/?utm_source=rss&utm_medium=rss&utm_campaign=miamicoin-could-free-residents-of-tax-burden-says-mayor

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Blockchain

Osprey Funds launches first-ever Polygon fund in the U.S

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The cryptocurrency market is witnessing a huge dump right now, one that was triggered by a sudden meltdown in global financial markets. Even so, many, including quite a few institutional investors, remain confident in the asset class. While the likes of Bitcoin and Ethereum have often stolen the limelight, of late, others have come to the fore. The example of Polygon (MATIC) is a case in point.

Crypto-asset management firm Osprey Funds is in the news today after it introduced its fifth digital asset investment product. According to an official press release,

Osprey Funds, LLC, a premier digital asset management firm, launches its fifth investment product of the year ​​― the Osprey Polygon Trust. It is the first U.S. fund to invest exclusively in MATIC, the native token of the Polygon network.”

The product will offer exposure to MATIC, the native token used on Polygon, an Ethereum Layer-2 blockchain network. According to Osprey CEO Greg King,

“Polygon is a disruptive layer-2 technology that gains from Ethereum’s secure network while mitigating common blockchain pain points, such as high gas fees and slow transactions.”

He added,

“We’re excited to offer investors a new way to tap into the growing Ethereum market via the Osprey Polygon Trust.”

The trust is available to accredited investors with a $10,000 minimum investment. Moreover, Osprey plans to list the fund on the over-the-counter OTCQX exchange “as soon as possible and has also agreed to waive the management fee for all investors until January 2023.”

This development comes just weeks after it launched its Solana Trust. Meanwhile, it also offers products tied to Bitcoin (BTC), Polkadot’s DOT, and Algorand’s ALGO tokens.

Polygon (MATIC) has seen a lot of traction both inside, as well as outside the (crypto) community. For instance, one of the world’s largest consulting firms, Ernst & Young (EY), has now partnered with Polygon to aid its Ethereum scaling.

Moreover, despite the current market being what it is, its on-chain metrics have painted a promising picture.

Its unique addresses (no. of ETH wallets holding MATIC) as well as total wallets held over time, have both seen a parabolic incline over time.

Source: Dune Analytics

The number of unique transactions too has played a positive role behind the coin’s surge since its inception.

It won’t be a surprise to see more firms jumping on this fast-paced bandwagon. For example, Grayscale Investments has also shared its interest in incorporating the said token under its belt.

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Source: https://ambcrypto.com/osprey-funds-launches-first-ever-polygon-fund-in-the-u-s

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XRP Lawsuit: Ripple’s appeal in the pre-clearance data dispute has been “DENIED”

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The latest update in the XRP lawsuit saw the court deny Ripple’s Motion to Compel SEC to produce documents reflecting the SEC’s trading preclearance decisions of SEC employees’ transactions in Bitcoin, Ether, or XRP, as well as annual certifications concerning SEC employees’ XRP holdings.

Ripple’s Privacy Act Argument falls flat

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In its opposition, the SEC had already argued that Ripple’s request has a “low bar of relevance” and is an “unjustified intrusion” into SEC’s employees’ sensitive financials. Ripple argued against SEC’s Privacy Act claims, stating that the defense only seeks aggregate and entirely anonymized data of narrow scope and of a limited timeframe. Ripple ascertains in its response that their motion to compel discovery possesses “no Privacy Act obstacle to the Court ordering production of this information.”

While the defendants appealed for anonymized or aggregated documents, the Court stated that the data related to Ethics Counsel’s preclearance decisions is not sufficiently probative. Furthermore, according to the Court’s decision, partially probative evidence cannot justify the intrusion into SEC employees’ financial conduct, even if anonymized, aggregated, or redacted.

The Court clarified that the Privacy Act protects information retrieved directly or indirectly from a system of records like the SEC’s Personal Trading Compliance System. However, the only way to discard the Privacy Act pursuant to a court order is by providing the court with evidence justifying the disclosure.

Furthermore, ‘the court must accord proper weight to the policies underlying…statutory protections, and…compare them with the factors supporting discovery in a particular lawsuit’. The Court order has also highlighted the defendants’ failure to display that such disclosure is justified in the XRP lawsuit.

The defendant’s annual certification appeal has also been denied through the existing Congress ban of “disclosure of such financial information through federal privacy statutes and regulations in order to maintain government employees’ privacy.” However, the Court directed the SEC to provide Defendants with data supporting SEC counsel’s statement during August 25, 2021, meet and confer that, after the formal order of investigation was issued as to Ripple on March 9, 2019, SEC employees could no longer trade XRP.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Source: https://coingape.com/xrp-lawsuit-ripples-appeal-in-the-pre-clearance-data-dispute-has-been-denied/

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