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Twitter CEO cites his passion for bitcoin as he clarified the ban on US President Donald Trump.

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Twitter and Square CEO Jack Dorsey cited his passion for Bitcoin and decentralization in a Twitter thread today explaining why the company banned U.S. President Donald Trump from the platform last week. Although claiming this was the “right decision for Twitter,” the CEO admits it sets a dangerous precedent. The U.S. President was banned from Twitter, Facebook, Instagram, YouTube, and other social media platforms on January 7 after he was blamed for inciting supporters to storm the Capitol building, resulting in the death of four individuals. 

The decision to ban President’s account will have “real and significant ramifications.”

Twitter CEO gave a more in-depth explanation, admitting the decision was not taken lightly and that it will have “real and significant ramifications.” He noted that even though this event was simply “a company making a business decision to moderate itself,” it can feel very similar to “government removing access.” Dorsey further explained that he didn’t want Twitter’s unilateral action to “erode a free and open global internet” and suggested that Bitcoin’s decentralization model is a better way to approach control and moderation on the internet in the future.

Twitter CEO continues to advocate for bitcoin. 

Jack Dorsey tweeted, “The reason I have so much passion for Bitcoin is mainly because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity.” He further reminded users that Twitter is actively trying to progress towards a decentralized future, “funding an initiative around an open decentralized standard for social media.” Dorsey had posted the explanation as news emerged of Trump being impeached for a second time by the House of Representatives earlier. Twitter CEO has been a long time advocate for the leading cryptocurrency. 

Source: https://coinnounce.com/twitter-ceo-cites-his-passion-for-bitcoin/

Blockchain

PayPal Reportedly Discussing Its Own Stablecoin

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Online payment operator PayPal is hitting the newswire today, reportedly discussing the creation of their own fiat-backed stablecoin. Adoption of broader mainstream crypto within major companies continues to grow, exemplified by this and other recent company discussions, such as eBay CEO Jamie Lannone discussing new potential payment options and potential utilization of NFTs in recent days.

What We Know

Initially reported by The Block, several unnamed individuals quoted to be familiar with the situation state that PayPal is engaging with a number of different developers, including Ava Labs, around the potential launch of their own stablecoin. With PayPal reportedly engaging with a number of different stablecoin developers, it’s rumored that PayPal could likely lean on a third-party company to develop the firm’s coin.

Ava Labs crypto, AVAX, had a surging start to 2021 but has cooled off and remained relatively stable in recent months. Ava Labs is fresh off the heels of announcing partnerships with The Graph and AllianceBlock in recent months.

Ava Labs AVAX surged to start the calendar year | Source: AVAXUSDT on TradingView.com

PayPal: Not New To Crypto

This isn’t the first sign of PayPal looking to dig into the crypto landscape, of course. The payments behemoth has previously acquired crypto custodian Curv, and in just the past month teamed up with Coinbase and helped raise Series D funding for crypto and blockchain startup Paxos.

These developments, of course, all follow PayPal’s added features over the past last year that allow users to buy, trade, and hold cryptocurrencies. PayPal’s mobile payment service Venmo launched ‘Crypto on Venmo’ roughly a year ago, and PayPal conveniently offers within it’s native software ‘Checkout with Crypto’, allowing crypto holders in the US to pay for online purchases. ‘Checkout with Crypto’ currently supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Coinbase, as part of the firm’s partnership with PayPal, launched ‘Buy With PayPal’ in tandem.

Related Reading | PayPal, Square, Others Crucial In Driving Bitcoin 70% Higher in a Month

What’s Next?

Following the release from The Block, a PayPal representative told the outlet that the company “continues to explore the potential of digital currencies, digital financial services infrastructure and how we can help enhance digital commerce as a trusted partner in the space”.

PayPal’s recent moves to engage further in the crypto space, along with the recent partnerships and acquisitions for the firm suggest a new stablecoin is certainly not out of the realm of possibility. This news also comes to the market less than two weeks after a statement from PayPal CEO Dan Schulman expressing that demand for cryptocurrencies has been “multiple-fold” relative to expectations.

PayPal engages with business in over 200 countries and over 100 global currencies, and conducted over 15 billion payments worth nearly $1T USD last year alone.

Featured image from Pixabay, Charts from TradingView.com

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Source: https://bitcoinist.com/paypal-reportedly-discussing-its-own-stablecoin/?utm_source=rss&utm_medium=rss&utm_campaign=paypal-reportedly-discussing-its-own-stablecoin

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Blockchain

EBay Is Exploring NFTs and Possibly Crypto Payments

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

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Source: https://cryptobriefing.com/ebay-is-exploring-nfts-and-possibly-crypto-payments/

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Blockchain

Top Female Athletes Jump In On Releasing NFTs

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Athletes and entertainers announcing new non-fungible token (NFT) releases have recently become a near daily occurrence. Sports agency Wasserman announced this week that several of their top-tier female athletes will be the forefront of a new NFT release, including US Women’s National Team star Megan Rapinoe and eleven-time WNBA All-Star Sue Bird.

Wasserman titled the NFT release as “The Collective Series”, which parallels branding around the firm’s division ‘The Collective’, a company vertical that was created to drive opportunity and visibility for female athletes.

The Who, What, And Where

Beyond Rapinoe and Bird, at least five other elite female athletes from a variety of different sports are joining the fold as well, all of which are represented under the Wasserman umbrella, including X-Games gold medalist skateboarder Mariah Duran, Paralympian Scout Bassett, and Olympic fencer Ibtihaj Muhammad. More athlete announcements will be included in advance of the May 10th release date.

The NFT cards will be limited as a one-of-one for each individual athlete and released on the Zora marketplace. Leading design for the NFT collectables is LA-based artist, Lauren Nipper.

Related Reading | Money In Memes: Dogecoin And Funny NFTs Go Viral

Circe Wallace, Wasserman’s EVP of action and Olympic sports and one of the leaders in ‘The Collective Series’ initiative, noted in a media release that “typically, athletes are bound by union and league restrictions, so the nature of NFTs in allowing women athletes, in this instance, to have full autonomy and agency over their own name and likeness in the crypto realm is a really unique opportunity”.

Wallace added that she anticipated most athletes in the series to opt towards an open-auction bidding style for their NFTs.

total crypto market cap 2t NFTs

Crypto market growth has attracted many into NFTs | Source: CRYPTOCAP-TOTAL on TradingView.com

NFTs And Their Broader Impact On Athlete’s Name, Image, And Likeness

NFTs continue to push the fold for individual athletes in addressing how sports in particular value name, image, and likeness (NIL). Outside of professional sport restrictions mentioned by Wallace, such as union and league restrictions, broader name, image and likeness changes have become a hot topic, particularly in the college sports landscape as state legislation across four states this year (Florida, New Mexico, Mississippi, Alabama) are set to be enacted on July 1st.

Another seven states have NIL legislation in the pipeline. At a high level, these legislative actions are generally aimed towards giving collegiate athletes more flexibility in utilizing their name, image, and likeness.

Companies like INLFLCR are already gearing up to take advantage for these likely changes in collegiate athletics that will open doors for athletes and new brand engagement. INFLCR offers a suite of tools that looks to adapt with the shifting rights landscape, ensuring compliance with changing NCAA rules and state legislations, all while increasing opportunities for college athletes.

Related Reading | Bitcoin NFT “The Death Of Fiat” Commemorates Historic Crypto Bull Run 

In the professional athlete landscape, which encompasses Wasserman’s ‘The Collective’ release, NFTs continue to break ground for unique athlete engagement with fans.

This release follows a number of individual athlete NFT releases over the past few months, including Rob Gronkowski, Damian Lillard, Patrick Mahomes, and the former Clemson quarterback and anticipated top NFL draft pick Trevor Lawrence (who’s release, as to be expected, was art-driven and not inclusive of his personal image or collegiate affiliation).

Featured image from Pixabay, Charts from TradingView.com

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Source: https://bitcoinist.com/top-female-athletes-jump-in-on-releasing-nfts/?utm_source=rss&utm_medium=rss&utm_campaign=top-female-athletes-jump-in-on-releasing-nfts

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