Autor Cointelegraph By Jon Rice

Ted Cruz buys the Bitcoin dip

Rafael ‘Ted’ Cruz, the junior Republican senator from Texas, is putting his money where his mouth is.According to a financial disclosure filed on Friday 4th Feb, Cruz bought between $15k and $50k worth of Bitcoin (BTC) on January 25th, using the River brokerage.At the time, Bitcoin was trading between $36k and $37k, and over the subsequent days it has risen to a current price of around $41,600. Assuming he hasn’t sold his bitcoins and incurred any short term capital gains taxes, his current profit on the transaction is in the region of  $2,000 – $6,850.Source: United States Senate Financial DisclosuresFollowing the example of fellow Senator Cynthia Lummis of Wyoming, Cruz spent much of the latter half of the crypto bull run aligning himself with the blockchain and cryptocurrency industry, as his state benefited from an influx of Bitcoin mining companies and interest in the subject became more widespread.He has advocated for the acceptance of cryptocurrency payments at gift shops and vending machines in the U.S. Capitol complex, and opposed a provision in the recent infrastructure bill that critics said would extend the definition of a ‘broker’ to miners, and potentially even validators and coders.During the current cold spell engulfing the state of Texas, some crypto miners slowed or ceased operations to help protect the state’s energy grid infrastructure, which failed during a prolonged freeze in 2021. Cruz himself was notoriously absent for part of that time, as he was visiting the Mexican resort of Cancún.River Financial is licensed in a number of U.S. states, but does not note a Texas Money Transmitter license on its website. According to the Texas Department of Banking guidance on Virtual Currencies, however, “no currency exchange license is required in Texas to conduct any type of transaction exchanging virtual with sovereign currencies.”A number of Members of Congress, including Democrats Jake Auchinloss of Massachusetts and Marie Newman of Illinois, and Republicans Jeff Van Drew of New Jersey and Barry Moore of Alabama, have disclosed holdings in cryptocurrency or related stocks.

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World’s biggest douchebag releases NFT collection

Around the world, douchebags are getting into NFTs in a big way.Now it’s true that there are thousands and thousands of legitimate artists in the growing non-fungible token space, and that precisely none of them are Paris Hilton.And sure, NFTs are a potentially world-changing phenomenon that were just declared ArtReview’s most powerful entity in the art world, though probably not as a result of the “catastrophic failure” that resulted in John Cena selling just 37 sad copies of a one thousand-NFT drop.There may indeed be all kinds of use-cases for NFTs — such as the censorship-proof preservation of historical records — that will cause future generations to wonder why it took us so long.But don’t let any of these important developments detract from the absolute douchebaggery that’s currently being unleashed on the world by people like Jacob Chansley.You remember Jacob, right? This guy.Yep, the guy who participated in an insurrection designed to prevent the certification of a duly-elected President in a peaceful democracy has released a talentless, money-grabbing, opportunistic-weasel collection of excruciating tat, hoping to cash in on his brief moment of notoriety while he rots in prison for the next 41 months.Chansley’s collection of 1,006 Shamans is billed by his PR rep (insurrectionists get PR reps?) as an opportunity for buyers to join “a community of individuals intrigued by the intersection of politics, crypto, media, tribalism, and Shamanic culture.”It is not billed as “A criminal douchebag trying to snatch your cash using only the power of absolutely shameless exploitation”. But you say tomato.The collection itself is intriguing, in much the same way that you might wonder why multi-colored foods go in… and yet they all come out the same color.Chansley has a variety of douchey costumes that go with his insurrectionist character ‘QAnon Shaman’ — one being a horned fur hat, another being an orange jumpsuit. Sadly the latter doesn’t seem to make an appearance in the hackneyed, half-assed and derivative collection of behorned cartoons.The majority of these lazy and unimaginative illustrations appear to have been created “under exclusive license” by an “anonymous artist”, which should excite collectors everywhere.The press release, which has far more artistic merit, notes that the series contains “never before seen images of Jacob donning crypto apparel” and — get this! — that it “exists to spark a productive and thoughtful discourse.” Because of course it does.Cointelegraph reached out for further comment to Chansley’s press representative after receiving this intriguing message: “Happy to provide more quotes and context from Jacob and his mother if you’re interested in covering this”.Yep, if there’s one person we want to talk to more than the QAnon Shaman, it’s his mom.The collection is out there somewhere, although I’ll be damned if I’m going to link to it. But have at it, if you must — just remember that if you’re buying an NFT to support a crazed right-wing conspiracy theorist and Trumpian lunatic… he later expressed disappointment in Trump.And that’s despite his lawyer’s insistence that Chansley “had a fondness for Trump that was not unlike the first love a man may have for a girl, or a girl for a man, or man for a man.” Oddly that doesn’t seem to be illustrated either, though it’s worth speculating on what it might look like.Still, you could always buy Melania’s cobalt eyes.

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