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Iconic rapper Ice Cube — also referred to as O’Shea Jackson Sr — has jumped on the Dogecoin bandwagon along with his endorsement of an “incredible and historical” DOGE transaction. Cube’s entry into the wild world of Dogecoin is expounded to the BIG3 basketball league that he co-founded. The group predominantly options former NBA stars in a three-on-three format versus the common five-on-five basketball video games. Last month the BIG3 launched a brand new possession mannequin for the league which consists of promoting tokenized stakes in every of the 12 groups. There are 1000 NFTs in complete allotted to every crew, with 25 “Fire” NFTs value $25,000 a pop, and 975 “Gold” NFTs at $5,000 every. On May. 4, MyDoge pockets co-founder Bill Lee tweeted at Ice Cube saying “if ya dig DOGE, me and the DogeArmy will take one as well,” in reference to a earlier publish from Ice Cube saying that Snoop Dogg was shopping for two groups. Ice Cube  then replied with “come on wit it Bill, you know i’m down with the DogeArmy.” Come on wit it Bill, you realize I’m down with the #DogeArmy https://t.co/d9C1TzS4ff— Ice Cube (@icecube) May 4, 2022 While it’s unclear how “down” with the DogeArmy Ice Cube really is, the BIG3 promptly fired out a press launch on the identical day saying that Lee had bought all 25 Fire NFTs for the “Aliens” crew by way of DOGE.The “incredible and historical” transaction as described by Ice Cube was value $625,000 or roughly 4.86 million DOGE, with the BIG3 additionally calling it the “largest commercial transaction in history” of DOGE. Related: Tumbleweeds blow by Coinbase NFT on its first day: Just $75K in quantityThe Fire NFTs signify the upper finish of possession and utility advantages, similar to sport administration, voting rights and mental property/licensing rights for crew logos, names and merchandise. Notably, if the proprietor/hodler was to promote their Fire NFTs, they’d additionally get a 40% minimize of the sale. Incredible and historic https://t.co/ouulpk0xdd— Ice Cube (@icecube) May 4, 2022 As a part of the announcement, Lee took a slight dig at NFT tasks that includes apes and owls, suggesting that he solely seems to be at NFT tasks with utility. This is after all, even if some ape and owl tasks have constructed utility for hodlers, and is fairly lofty rhetoric for a person primarily engaged on creating wallets for a memecoin that was created as a joke.”While others are shopping for NFT photographs of apes and owls, I consider that NFTs with utility are the subsequent frontier. It is a dream to personal a basketball crew and the BIG3 is shifting the NFT sport by providing possession rights similar to licensing/IP, crew voting/administration, and merchandising.”

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Iconic rapper Ice Cube — also referred to as O’Shea Jackson Sr — has jumped on the Dogecoin bandwagon along with his endorsement of an “incredible and historical” DOGE transaction.

Cube’s entry into the wild world of Dogecoin is expounded to the BIG3 basketball league that he co-founded. The group predominantly options former NBA stars in a three-on-three format versus the common five-on-five basketball video games.

Last month the BIG3 launched a brand new possession mannequin for the league which consists of promoting tokenized stakes in every of the 12 groups. There are 1000 NFTs in complete allotted to every crew, with 25 “Fire” NFTs value $25,000 a pop, and 975 “Gold” NFTs at $5,000 every.

On May. 4, MyDoge pockets co-founder Bill Lee tweeted at Ice Cube saying “if ya dig DOGE, me and the DogeArmy will take one as well,” in reference to a earlier publish from Ice Cube saying that Snoop Dogg was shopping for two groups.

Ice Cube  then replied with “come on wit it Bill, you know i’m down with the DogeArmy.”

While it’s unclear how “down” with the DogeArmy Ice Cube really is, the BIG3 promptly fired out a press launch on the identical day saying that Lee had bought all 25 Fire NFTs for the “Aliens” crew by way of DOGE.

The “incredible and historical” transaction as described by Ice Cube was value $625,000 or roughly 4.86 million DOGE, with the BIG3 additionally calling it the “largest commercial transaction in history” of DOGE.

Related: Tumbleweeds blow by Coinbase NFT on its first day: Just $75K in quantity

The Fire NFTs signify the upper finish of possession and utility advantages, similar to sport administration, voting rights and mental property/licensing rights for crew logos, names and merchandise. Notably, if the proprietor/hodler was to promote their Fire NFTs, they’d additionally get a 40% minimize of the sale.

As a part of the announcement, Lee took a slight dig at NFT tasks that includes apes and owls, suggesting that he solely seems to be at NFT tasks with utility. This is after all, even if some ape and owl tasks have constructed utility for hodlers, and is fairly lofty rhetoric for a person primarily engaged on creating wallets for a memecoin that was created as a joke.

“While others are shopping for NFT photographs of apes and owls, I consider that NFTs with utility are the subsequent frontier. It is a dream to personal a basketball crew and the BIG3 is shifting the NFT sport by providing possession rights similar to licensing/IP, crew voting/administration, and merchandising.”

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The central financial institution of Argentina (BCRA) has put the kibosh on monetary establishments providing crypto buying and selling solely days after two of the nation’s largest banks signaled they have been opening as much as digital belongings.On May 5 the BCRA stated the transfer was to mitigate the dangers crypto poses to customers and “to the financial system as a whole” citing crypto’s excessive volatility, use in cash laundering and absence of regulatory safeguards.The information got here sizzling on the heels of an announcement on Monday from two of the international locations largest banks, Banco Galicia and Brubank, that they might permit their clients to buy Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC) and Ripple (XRP).The determination to open crypto buying and selling was determined by a ballot performed by Banco Galicia the place 60% of respondents stated they wished simpler entry to digital currencies.The central financial institution has lengthy taken a dim view of crypto, issuing an alert to the general public in May final yr on the dangers, warning as soon as once more of considerations round volatility and cash laundering regardless of the financial institution saying there weren’t but indicators of “significant levels of acceptance and use.”According to figures from knowledge evaluation kind Statista, 21% of respondents in Argentina had owned or used crypto in 2021 marking the sixth-highest price of adoption on the planet and the very best price within the Americas.Argentina’s inflation rose one other 6.7% in March — the very best price in 20 years — to hit 55.1% year-over-year in keeping with INDEC, the international locations’ statistics company. Some Argentinians have turned to crypto in an try and hedge spiking inflation. In April one rural city started the method of mining cryptocurrency to combat inflation.Related: Colombia clamps down on crypto tax evasion as adoption thrivesThe change in emphasis from final May might be relate to a $44 billion prolonged debt plan from the International Monetary Fund (IMF), a clause of which was for Argentina to “discourage the use of cryptocurrencies”.The announcement from the central financial institution is at odds with plans from the Mayor of Argentina’s capital Buenos Aires. In late April Mayor Horacio Rodríguez Larreta introduced plans to digitize town with intentions to permit the choice for residents to pay their taxes in cryptocurrencies amongst different blockchain plans.

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