Residents of the Ethereum-based virtual world of Decentraland were able to watch as Elon Musk’s SpaceX carried out the world’s first private, manned spacecraft launch. 

The event, which was also the first launch of a manned space vehicle from the United States in nearly a decade, since the final launch of the space shuttle Atlantis on 8 July 2011, was broadcast live in Decentraland’s virtual auditorium on 30 May. 

The launch blasted NASA astronauts Doug Hurley and Bob Behnken into space aboard a SpaceX Crew Dragon spacecraft, atop a Falcon 9 rocket, and was the final demonstration for the rating process of the combination – which will soon be certified for regular operational use to transport people and goods to space.

Decentraland has found itself ideally placed to offer people, and events, an alternative refuge during the COVID-19 crisis. For example, in March, when many countries around the world were subject to lockdowns, the virtual reality world hosted the annual Coinfest Conference. 

Decentraland raised USD $1m with an initial coin offering (ICO) of its MANA token in 2017, and as of February 2020 boasted more than 12,000 inhabitants. Using MANA tokens users can buy and trade virtual parcels of land, estates, avatar wearables, and names, enabling Decentraland to make the claim of being the “first-ever virtual world owned by its users.” 

AYO.NEWS says:

With so many crazy things going on in the world right now, like COVID-19, an economic collapse, and mass disorder in the United States, it’s easy to see the appeal of spending time in virtual worlds like Decentraland, or leaving it altogether with SpaceX! 

Woahhh we watched the @SpaceX launch in @decentraland and then moments after the #Decentraland team launched their own rocket!😱#SpaceX #SpaceForce #NASA @elonmusk pic.twitter.com/WBJAHl4QEo

— Anorak (@DCLanorak) May 30, 2020

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020

Everyone’s favourite crypto crazy, John McAfee, has backtracked on his previous prediction of $1m Bitcoin (BTC), saying Olympic “whale fucking” is more likely.  

The high profile, if somewhat eccentric, British-American entrepreneur, presidential candidate, outspoken libertarian, and crypto advocate, had previously predicted BTC hitting $1m before the end of 2020 – famously saying he’d eat his own penis if it didn’t. 

However, in a recent tweet, McAffee said that prediction had been “nonsense” and “absurd,” adding that if BTC did hit that level, “it’s market cap would be greater than the GDP of the entire North American Continent.” 

Put a different way:

If Bitcoin ever hit $1 mil, it’s market cap would be greater than the GDP of the entire North American Continent.

What idiot could believe such nonsense?

Whale Fucking is a thousand times more likely to make its way onto the Olympics Stage.

— John McAfee (@officialmcafee) May 30, 2020

Indeed, McAfee’s views of Bitcoin seem to be turning distinctly negative, with the entrepreneur now calling it the “most crippled” crypto. Of course, given the fact that McAfee has launched his own cryptocurrency, Ghost, there are obvious reasons for him to be dissing Bitcoin. 

It’s also worth keeping in mind that two months ago John McAffee predicted the world’s fiat currencies would crash “within 2 months”, and advised people to “buy peanut butter”….

AYO.NEWS says:

Despite McAfee’s pessimism about Bitcoin (BTC), as we’ve reported over the past few weeks, an increasing number of respected voices are now predicting a major Bitcoin bull run, triggered by an unprecedented collapse of the conventional economy in the wake of the COVID-19 crisis. 

Last week popular social media trader, investor, and entrepreneur Credible Crypto postulated that the last 896 days were “simply one massive re-accumulation phase” before the run to $100K+ BTC.

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020

Chinese lawmakers have passed legislation protecting peoples’ right to inherit cryptocurrencies. 

According to Xinhua news, the new civil code, which also includes protections for marriage, property, personality, contract and infringement, resulted from the Thirteenth National People’s Congress and Chinese People’s Political Consultative Conference, which ended on 28 May. 

Speaking to China Central Television, Professor Lixin Yang, said the new code means that “internet property and virtual currency will be inherited.”

The new code will come into legal effect on 1 January 2021, and is an important reinforcement of individuals’ rights in the communist country. Though,  as some commentators have already pointed out, when it comes to cryptocurrencies the most important protection is a user’s keys, not legislation. 

China’s Inheritance Law has expanded the scope of inheritance to include internet property and cryptocurrency (so Bitcoin is included)

🤔 but I would rather my Bitcoin be protected by the key itself not the law tho , the problem with law is always enforcement not legislation

— Dovey 以德服人 Wan 🪐🦖 (@DoveyWan) May 25, 2020

AYO.NEWS says:

Though this move is largely symbolic, as in most cases someone could inherit cryptocurrencies simply by being left the key to a wallet, it is another signal that China is serious about creating a truly digital society. 

In April the country launched a national blockchain-based service network to encourage the development of new blockchain projects, smart cities and the digital economy, while in January it announced a new law covering cryptographic password management. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020

Credible Crypto has joined the chorus of voices predicting Bitcoin (BTC) will soon embark on a bull run to $100K+. 

In a Twitter post the popular social media trader, investor and entrepreneur Credible Crypto, postulated that the last 896 days were “simply one massive re-accumulation phase before the run to 100k+ bitcoin, and the consolidation structure will soon be broken.” 

The last 896 days were simply one massive re-accumulation phase before the run to 100k+ #bitcoin, and the consolidation structure will soon be broken. Are you prepared? pic.twitter.com/31O6syBwHX

— Credible Crypto (@CredibleCrypto) May 29, 2020

While BTC didn’t exactly explode after the much anticipated halving, it has now completely erased losses from its March crash, with Credible Crypto noting a cycle of “higher lows” are positioning the market for an uptick. 

Though the general consensus among mainstream financial pundits is that Bitcoin has “had its day”, many in the crypto world see the emerging unprecedented global economic crash, triggered by the COVID-19 lockdowns, as the test Bitcoin has been waiting for. As we’ve discussed previously, Bitcoin itself was born in the wake of the 2008 Financial Crisis, and the coming crisis may well be when it truly “comes of age.” 

Credible Crypto isn’t alone with its BTC positivity either; just yesterday we reported that, since the halving, Grayscale’s Bitcoin Trust has been buying Bitcoin faster than it can be mined, while last week Robert Kiyosaki, author of New York Times bestseller Rich Dad Poor Dad, advised people to buy Bitcoin to save themselves from a coming economic crash. 

All original content featured on this site is © Pentagon Digital Limited, 2020

Users of crypto lending platform Celsius Network can now purchase gold-backed stablecoin Tether Gold (XAUT), using credit and debit cards. 

Purchases with debit and credit cards have been made possible through a partnership with Simplex – with users also being able to buy the network’s native token, Celsius (CEL), Bitcoin (BTC), and Ether (ETH), with cards. 

The minimum purchase requirement for XAUT is just USD $50, and Celsius’ interest-bearing accounts are currently offering an annual interest rate of 4% on XAUT. 

Tether Gold is a currency pegged to real, physical gold, stored in vaults in Switzerland. Every XAUT token is representative of one ounce of real gold, and is issued on the Ethereum and Tron blockchains. 

A couple of weeks ago, we reported that German neobank Bitwala had partnered with Celsius Network to launch a Bitcoin (BTC) Interest Account product, offering users interest rates of up to 4.3%. 

AYO.NEWS says:

With the world facing an unprecedented economic crisis due to the COVID-19 lockdowns, investors are increasingly looking for safe haven assets, so Tether Gold, which combines the world’s oldest safe haven asset with the benefits of its newest, could well find plenty of demand – and Celsius Network just made acquiring it a whole lot more convenient.  

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020

Grayscale’s Bitcoin Trust is engaging in an unprecedented buying spree, scooping up Bitcoin quicker than it can be mined.

Yet another signal that some serious investors are increasingly confident in Bitcoin’s (BTC) long term prospects has emerged, with Grayscale’s Bitcoin Trust buying more BTC since the halving than has been mined during the period. 

According to independent researcher Kevin Rooke, Grayscale has bought 18,910 BTC since the halving, whereas only 12,337 have been mined in that period. 

Grayscale’s Bitcoin Trust bought 18,910 Bitcoins since the halving.

Only 12,337 Bitcoins have been mined since the halving.

Wall Street wants Bitcoin, and they don’t care what Goldman Sachs has to say. pic.twitter.com/Br6a4ijuze

— Kevin Rooke (@kerooke) May 27, 2020

It prompted Binance CEO, Changpeng Zhao, to comment:

“There isn’t enough new supply to go around, even for just one guy.”

Rooke had previously estimated that Grayscale had secured between 33% and 34% of new BTC supply during the first quarter of 2020 – equating to 60,762 BTC over one hundred days. 

Average weekly investment into Grayscale’s trust during the first quarter was just shy of $30m – an 800% increase year-on-year. 

Hinting at even more dramatic things to come, replying to Rooke’s tweet, Grayscale founder Barry Silbert said: 

“Just wait until you see Q2.”

This month’s Bitcoin halving, coupled with the growing expectation of an unprecedented global economic crash triggered by the COVID-19 lockdowns, are helping fuel speculation of a significant bull run for the world’s oldest cryptocurrency. 

Last week we reported that Robert Kiyosaki, author of New York Times bestseller Rich Dad Poor Dad had advised people to buy Bitcoin to save themselves from the coming economic catastrophe. While earlier in the month, former Goldman Sachs hedge fund manager and current Global Macro Investor CEO, Raoul Pal, said he considered $1M BTC is more now more likely than ever. 

Two weeks ago we also reported that Open Interest on Chicago Mercantile Exchange Bitcoin options had exploded, surging over 1,000%. 

AYO.NEWS says:

Noone really knows what will happen, and we’re certainly not giving any kind of investment advice here, but it does seem that many crypto analysts have been caught off-guard by the rapidly approaching global economic crisis. Many were seemingly so transfixed on the halving, that they totally missed the COVID-19 induced economic tsunami that is about to make landfall. And it is that crisis, not the halving, that has the potential to drive BTC to new heights. 

Interesting times…

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020