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Pacsun Clothing Company Agrees to Crypto Payments

Clothing provider Pacsun has agreed to accept digital currency payments for goods and services. The company is just the latest in a string of firms to say “yes” to cryptocurrency payments and thus is pushing bitcoin and its digital counterparts closer towards their initial goals.

Pacsun Says “Ok” to Crypto PaymentsWhile bitcoin and its crypto cousins have long served as speculative assets that traders can potentially get rich from, these currencies were initially created to push checks, fiat currencies, and credit cards aside. These other products are often issued by banks and standard financial firms, which seek to have more say in people’s financial futures.

Crypto, by comparison, doesn’t care about your history or what decisions you’ve made. All it cares about is if you have a connection to the internet. If you do, you can create a new wallet and begin trading digital currency from there.
Forwarded from TrendGuru AI
​​A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.

Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days

What Is FTM?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.

Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%

Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Chainalysis Adds Bitcoin to Balance Sheet — Its First Cryptocurrency Acquisition

Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate investment portfolio. This is the company’s first acquisition of cryptocurrency, the CEO revealed. Chainalysis is valued at $4.2 billion.

Chainalysis’ First Acquisition of CryptocurrencyBlockchain data analytics firm Chainalysis announced Tuesday the addition of bitcoin to its balance sheet.Chainalysis will acquire bitcoin using the brokerage services of the New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management. NYDIG will also provide custody of the coins purchased. Chainalysis has been NYDIG’s compliance technology partner since 2018.“Digital assets have emerged as an alternative asset class for consumers, enterprises, governments, banks, and financial institutions,” Chainalysis noted, adding that it “is laser-focused on its commitment to building trust in cryptocurrency as a digital asset.”Michael Gronager, co-founder and CEO at Chainalysis, commented:

We are thrilled to be adding bitcoin to our corporate investment portfolio … This is Chainalysis’ first acquisition of cryptocurrency, and we will continue to pursue other digital assets as potential future investments.
AMC Theatres Considers Accepting Shiba Inu Alongside Dogecoin as SHIB Popularity Soars

The CEO of the world’s largest movie exhibition company, AMC Entertainment, is asking the crypto community whether his company should accept shiba inu (SHIB) for payments. The company is already planning to accept several cryptocurrencies by year-end, including dogecoin.

CEO Asks Whether AMC Should Accept Shiba InuThe CEO of AMC Entertainment, Adam Aron, put up a poll on Twitter Friday asking the crypto community whether his company should accept payments in shiba inu (SHIB).

AMC is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, the company owned or operated approximately 950 theaters and 10,500 screens globally.
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Banking Giant Citigroup To Hire 100 Employees for New Crypto Division: Report

Citigroup is planning to enter the crypto space in a major way by adding a hundred employees to a new division that focuses on digital assets.

According to a new Financial News report, the financial services giant is appointing blockchain veteran and current Citigroup manager Puneet Singhvi to lead the division whose primary focus will be serving institutional clients.
Iran Orders Crypto Miners to Halt Operations to Prevent Winter Blackouts

Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September.

Crypto Mining Farms in Iran to Shut Down During WinterExpecting energy needs across the country to increase with low temperatures in the coming months, the Iranian government is now taking steps to limit consumption and avoid an electricity deficit. Just like earlier this year, the measures will affect the country’s growing crypto mining industry.Tavanir, the Iran Power Generation, Distribution and Transmission Company, has recently instructed authorized cryptocurrency mining centers to unplug their power-hungry hardware, the English-language business daily Financial Tribune reported.Iran’s Ministry of Energy has been trying to reduce the use of liquid fuels in power plants since last month, Tavanir’s spokesman Mostafa Rajabi Mashhadi told the state-run broadcaster IRIB. Cutting power supply to licensed crypto farms is part of a list of actions that also include turning off lampposts in safer areas at night and strict supervision of consumption, the official detailed.The utility believes these measures will help to prevent potential blackouts in winter when electricity is in higher demand. Mashhadi added that Iranian power plants have managed to save some fuel for the next few months but also emphasized that consumers should exert caution regarding the volume of their gas and electricity usage.

Iranian Crypto Miners Forced to Deal With Restrictions Again
Visa Partners With Over 65 Crypto Platforms — Crypto-Linked Card Usage Soars Despite Price Volatility

Visa has now partnered with more than 65 crypto platforms and exchanges. In addition, the payments giant revealed that crypto-linked card usage exceeded $2.5 billion in the first fiscal quarter, “which is already 70% of the payments volume for all of fiscal 2021.”

Visa Outlines Crypto Strategy and AchievementsVisa Inc. discussed its crypto strategy and achievements during the company’s earnings call Thursday. Visa CEO Al Kelly said: “Many current trends in payments, including … crypto, and wallets, are enabling new ways to pay. These represent opportunities for Visa.”
Polkadot Founder Gavin Wood Donates a Whooping $5M to Ukraine

A few days ago, Polkadot founder, Gavin Wood announced that he would be donating an amount of $5 million to support the Ukrainian government’s efforts in its war against Russia with only one condition, they had to add a $DOT address.

Today he followed on his promise and donated $5 million to support Ukraine posting a receipt of this transaction on a tweet.

Banking Giant JPMorgan Makes New Investment in Crypto Analytics Firm

The largest bank by assets in the United States is investing in a blockchain intelligence firm as the adoption of crypto assets continues to deepen.

Cryptocurrency analytics firm TRM Labs says in a statement that JPMorgan Chase is investing in its “crypto compliance and risk management technology.”
Little-Known Altcoin Explodes 207% After Surprise Listing From Crypto Exchange Giant

Crypto exchange giant Crypto.com is expanding its digital asset roster and triggering some major rallies in the process.

The exchange just announced its latest listing of three up-and-coming altcoins.

First on the list is Alethea Artificial Liquid Intelligence Token (ALI), which skyrocketed 207% on the heels of the announcement.
Ripple’s Chris Larsen Wants Bitcoin To Be Like XRP — Here’s How It’s Going

Ripple’s co-founder and executive chairman Chris Larsen wants something done about Bitcoin’s carbon footprint.

In an interview with Bloomberg, the billionaire stated that bitcoin’s Proof of Work consensus was long overdue for an overhaul, and as such, he had lobbied various climate activist groups including Greenpeace to launch a “Change the Code, Not the Climate” campaign, with a US$5million fund to back the drive.
Bitcoin Has Reached ‘Escape Velocity’ Based on One Metric, Says Hedge Fund CEO Anthony Scaramucci

Global investment firm SkyBridge Capital founder and CEO Anthony Scaramucci is expressing bullish sentiment on Bitcoin (BTC).

In a CNBC interview, Scaramucci says that the flagship cryptocurrency has hit “escape velocity” if the number of Bitcoin wallets, based on numbers provided by on-chain market intelligence platform Glassnode, is anything to go by.
Coinweb is one of the most promising projects

Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Polygon forms a multi-million dollar fund to assist Terra projects in migrating

Polygon, the popular Ethereum scaling platform, today announced the launch of a multi-million dollar fund to support Terra projects looking to migrate to Polygon.

The first project to be granted funding is Terra-based NFT marketplace and launchpad, OnePlanet. OnePlanet will transition to Polygon in the coming months, becoming the dedicated marketplace for any migrated Terra NFT projects to the Polygon ecosystem.
You Won’t Believe Elon Musk’s Reason For Supporting Dogecoin

Nothing will stop Tesla/SpaceX CEO Elon Musk from publicly voicing his support for meme king Dogecoin (DOGE).

Speaking to Bloomberg at this year’s Qatar Economic Forum in Doha, Musk reiterated that he will continue to “personally support Dogecoin because I just know a lot of people who are not that wealthy who have encouraged me to buy and support Dogecoin — so I’m responding to those people.”

The eccentric centibillionaire has been the most high-profile cheerleader of Dogecoin since early 2019 when he declared that the meme coin was his “fav cryptocurrency”. Throughout 2020 and 2021, DOGE gained significant bullish momentum every time Musk tweeted about it.