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Why Mark Cuban believes Ethereum is becoming a better store of value than Bitcoin

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Mark Cuban – the billionaire tech investor has often made contrasting remarks about cryptocurrency, once stating that he would rather “have bananas than Bitcoin” and later revealing a DeFi portfolio worth a few hundred thousand dollars.

Cuban’s latest remarks compare the advent of crypto and blockchain to the early days of the internet, citing smart contract adoption as a key trend to look out for in the near future.

“I believe there will be a point where sovereign governments use fiat in digital currencies”, he says, in the latest episode of the Defiant podcast, arguing that it is a more economically viable option to follow in the future.

However, Cuban can’t seem to get behind the narrative of hardcore Bitcoin maximalists that argue for the case of Bitcoin as an alternative store of value when sovereign currencies collapse. “The reality is reserve currencies tend to stick around”, says Cuban, who adds that while certain nations have used Bitcoin here and there, at the end of the day it’s always pegged to the dollar.

According to him, it is too early to say that Bitcoin acts as an alternative or as a hedge to fiat, however, he does see the use cases for certain other cryptocurrencies to have an advantage of Bitcoin in this regard.

Commenting on the newfound ability for users to carry out complex financial transactions within seconds on DeFi platforms, Cuban says this has the potential to seriously disrupt financial institutions. He said,

“I can see, just as I saw with the early days of the internet, how all this is going to just go nuts. Its going to have a significant impact and its going to change the game”

He also stated that he has ‘wallets everywhere’ and has invested quite a bit in the DeFi space. As most of this innovation is happening on the Ethereum blockchain, Cuban believes ETH is becoming a better store of value than BTC.


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Source: https://ambcrypto.com/ethereum-is-becoming-a-better-store-of-value-than-bitcoin/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

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Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

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FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

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A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

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Why Mark Cuban is looking forward to Ethereum’s use cases

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Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

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Litecoin, EOS, Enjin Coin Price Analysis: 01 March

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Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

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