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Good morning. Welcome to Saturday Sats, part of our new series: BitPinas Daily. We will look at the price of Bitcoin, Ethereum and the major cryptocurrencies. Crypto is global, but sometimes news that matters happens while we sleep. So we bring to you what’s happening in our space here and abroad.    

Market Price as of April 10, 2021:

Bitcoin closed April 9, 2021, at $58,153 per BTC. We’re down 4% in the last 7 days and up 100.97% since the year began. This is also 5.77% below the all-time high of $61,711, which was hit on March 13, 2021.

Bitcoin’s market capitalization stands today at $1,086,979,198,254 which is 53.33% of the entire cryptocurrency market. The entire crypto market, by the way, now has a market cap of $2,039,403,182,888  +0.4%).

On the table above, there’s the cryptocurrency SLP. If you wonder what that is, check out this article: Playing Axie Infinity vs Minimum Basic Salary in the Philippines.

DeFi

CipherTrace Unveils Software that Lets DeFi Protocols Comply with OFAC Sanctions

Blockchain forensics company CipherTrace announced it released a tool that decentralized exchanges can integrate so they can block addresses that are on the sanctions list of the U.S. Treasury’s Office of Foreign Assets Control (OFAC).

These addresses are sanctioned because they are associated with activities adversarial to U.S. national interest, such as terrorist funding, funding weapons of mass destruction, etc, The Block reported.

CipherTrace CEO Dave Jevans said in a statement: 

“The $40 billion locked in DeFi protocols puts an even bigger target on DeFi exchanges and protocols. Ensuring that sanctioned addresses cannot use DeFi to fund weapons of mass destruction programs should be among DEXs’ chief concerns right now.”

The Block said the tool relies on a node from Chainlink, which provides data inputs for smart contracts. 

Daniel Kochis, Head of Partnerships at Chainlink Labs said in a statement:

“We’ve seen structures that purport to enable users to lend money, earn interest, borrow money, exchange, take positions; these are all financial activities, and they are likely subject to various laws already, including securities law, potentially banking and lending laws—definitely AML/CTF laws.”

WWE

WWE Launches Undertaker NFTs

I am an Undertaker fan just like most of you (I think) so I have to put this news here:

The four-tier drop will take place on WWE.com/NFT beginning this Saturday, April 10 at 10:30 a.m. ET through Sunday, April 11 at 11:30 p.m. ET, and will feature:

Platinum (1 of 1)

• Auction will open this Saturday, April 10 at 10:30 a.m. ET and will be live for 37 hours, ending at the close of WrestleMania on Sunday, April 11 at 11:30 p.m. ET.
• A one-of-a-kind NFT featuring The Undertaker;
• A once-in-a-lifetime experience for two at WrestleMania 38 in 2022 at AT&T Stadium in Dallas, Texas, or WrestleMania 39 in 2023 at SoFi Stadium in Los Angeles, Calif., including two front row tickets, unprecedented VIP access and hotel accommodations;
• A personalized video message from The Undertaker;
• An original Paul Bearer urn out of the WWE Vault, used by Paul Bearer and The Undertaker. The urn will be presented to the highest bidder in a case signed by The Undertaker; and
• A personalized WWE Championship Title Belt with the winner’s name engraved on the side plates.
• $10,000 opening bid

Gold (1 of 1)

• Auction will open this Saturday, April 10 at 10:30 a.m. ET and will be live for 37 hours, ending at the close of WrestleMania on Sunday, April 11 at 11:30 p.m. ET.
• A one-of a-kind NFT featuring The Undertaker;
• A once-in-a-lifetime experience for two with front row seats at a Monday Night Raw or Friday Night SmackDown of their choice in 2021 or 2022;
• A personalized video message from The Undertaker; and
• A signed Undertaker Legacy Championship Title Belt.
• $5,000 opening bid.

There are also SIlver and Bronze offerings in multiple editions. You can check all the details here.

In the past, Triple H, now WWE Executive Vice President discussed whether or not the company would jump into the NFT Space. He told Fightful.com:

“Those are things, as technology changes and those opportunities become available, it’s always things that we’re looking at. Vince has a big philosophy of not wanting to be the first person to jump into the pool, but you also don’t want to be the last. That’s where we are and we look at all the options. In some ways, we’re tailor-made for [NFT] rather than some random dunk in the NBA. Our moments are iconic. It’s what we do, we create iconic moments that live forever. I don’t necessarily fully understand [NFT] and it’s something we look at and have a lot of people in our company that are a lot smarter than me that are looking at them constantly,” 

Paxful

Paxful Denies Rumors of Data Breach

A vendor in the black market is selling a database that allegedly contained personal information of around 4.8 million Paxful customers and staff. The vendor said they have the first and last names, birth dates, email addresses, physical addresses, and passwords of the Paxful clients. The price for the entire database is 1 BTC or around $58,000 today. 

However, Paxful CEO Ray Youssef denies the breach.

According to Decrypt, Youseff’s claims backs up the skepticsm that the vendor encountered trying to sell the data. 

First and foremost, Paxful had not reported being breached. Also they said 1 BTC is too low of a figure for such a high profile leak.

What else is happening

• Argentina’s Central Bank Demands Personal Details of Country’s Bitcoin Buyers
• Top Performing DeFi Coins in Q1 Were not on Ethereum
• Coinbase becomes latest member of group aimed at supporting DeFi projects
• U.S. SEC Begins Review of WisdomTree Bitcoin ETF as Active Applications Hit 8

This article is published on BitPinas: WWE Releases Undertaker NFTs (April 10, 2021)

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Source: https://bitpinas.com/price-analysis/saturday-sats-wwe-releases-undertaker-nfts-april-10-2021/