Episode 227 - CoronaToken, Justin Sun Drama, OkEx - Binance Beef!
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Welcome to the very first re-branded episode of Crypto Basic News! It's basically Flagship Friday, but without the Friday part. Blame our lazy editor for that. Just kidding, he's the best and we love him very much. This time around we talk about Justin Sun's new drama with Steemit, about the new CoronaToken (who would've thought...), about CZ's twitter beef with the CEO of OkEx and more. Tune in now! Rapid FireSupreme Court of India reversed the crypto banthe order lifted ban on trading in virtual currency, cryptocurrency and bitcoinsRobinhood goes down at the worst possible timeOn Monday and Tuesday, as global markets rebounded after a sell-off last week and then sank again, Robinhood’s trading platform went offline, leaving many customers to watch their portfolios drop in value without being able to do anything about themGermany recognizes Bitcoin as a legal financial instrumentCryptocurrencies are not to be confused with electronic money.Not issued or guaranteed by any central bank or public body;Don’t have the legal status of currency or money;Can be used by individuals or legal entities as a means of exchange or payment;Serve investment purposes;Can be transmitted, stored and traded electronically.Elon Musk says Dogecoin is the best cryptocurrencyChainlink Partners w/ Chiliz to Automatically Mint Tokens For Teams Like FC Barcelona.Chiliz also partnering with Dota2 squad OG to launch a fan token on socios.com.You may soon be able to buy a stake in a professional athlete's tokenized contractsNBA star Spencer Dinwiddie has announced a partnership with a new broker-dealer to help issue shares in his tokenized contract. His platform, Dream Fan Shares (DFS).The NBA has remained quiet on whether they will continue to oppose Dinwiddie’s venture.Dinwiddie is prepared to move forward without the NBA's blessing and said investors can expect more details soon.Do you like this idea? Good or bad?Dinwiddie first announced plans in September to issue the first Professional Athlete Investment Token (PAinT), which would tokenize $13 million of his guaranteed $34 million NBA contract. The Ethereum-based “SD8” token, now called “SD26,” would allow him to earn cash upfront from investors and repay them with interest. The token’s name change appears to coincide with Dinwiddie's decision last month to change his uniform number from 8 to 26 in honor of the late Kobe Bryant.he would offer the token as a three-year bond which would pay out a base interest of 4.95% on a monthly basis. Furthermore, if all 90 tokens—with a minimum buy-in of $150,000—were sold, the group of investors would stand to collectively earn $2 million in profits.CoronaVirusSomeone made a CoronaToken because crypto.Back by Proof of Death LOLsomeone at 4-chan developed it.only available on the Saturn network which is basically a d-list exchange allegedly decentralized.Please wash your hands. Do we think the hype is overblown? How will it shape crypto? Fiat? gold? the market? I just feel like this is too big of an impact to not mention it at all. So far Ultra, SXSW, GDC, and now Bitcoin 2020 has been canceled. Im sure there are plenty others but just dont go to a big event.The Fed is Quarantining Some Cash to fight CoronaVirusJustin Sun Drama With SteemitJustin Sun has seized control of the Steem blockchain – with the apparent help of several prominent crypto exchanges.This is still ongoing, but here's a recap of how the Steem blockchain worksJustin also bought steemit, which was just an app on top of the steem blockchain. It didn't make much sense to buy that I remember thinking.Explain powering upWell, Steemit had a TON of tokens locked up that could, apparently, be released and then used to vote for new Witnesses.Steem blockchain had witnesses soft fork to remove the voting power of all of the tokens that sun just acquired.This would essentially l
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