At this time, in crypto, TON launched the UAE Golden Visa program, which requires simply $100,000 in staked TON, although this system’s validity was questioned by former Binance CEO Changpeng “CZ” Zhao. In the meantime, Arkham stated the latest $8.6 billion Bitcoin whale switch doesn’t appear to be it’s being offered off, and musical artist Drake talked about BTC in a brand new tune.
TON provides 10-year UAE golden visa for $100K in staked Toncoin
The Open Community (TON), the blockchain platform spun out of Telegram, has unveiled a brand new pathway to UAE residency, providing 10-year Golden Visas to candidates who stake $100,000 price of Toncoin (TON) for 3 years and pay a one-time $35,000 processing charge.
“Safe your Golden Visa in below 7 weeks from doc submission to the Visa Workplace,” TON introduced Saturday, detailing that its UAE-based companions will handle the visa processing and residency standing affirmation.
Candidates retain management of their property throughout the staking interval by a decentralized good contract verifiable on the TON blockchain. Moreover, this system guarantees estimated annual yields of three% to 4% on staked property, including an incentive for crypto buyers.
The Golden Visa extends protection to speedy relations, together with spouses, youngsters, and oldsters, at no extra value past normal authorities charges.
Nevertheless, former Binance CEO Changpeng “CZ” Zhao questioned this system’s legitimacy, declaring the shortage of official authorities bulletins.
“It might be superior IF it’s true. However I obtained conflicting data to this point,” CZ stated, including that there’s “no official gov web site” with any replace concerning the Golden Visa provide.
$8.6B Bitcoin whale switch reveals no indicators of sell-off: Arkham
Blockchain intelligence agency Arkham says the latest $8.6 billion in Bitcoin that was moved on Thursday for the primary time in over 14 years doesn’t seem like heading for a sell-off.
“There aren’t any indications that this whale is promoting Bitcoin,” Arkham stated in an X put up on Friday.
Arkham agency added that the eight transfers — which moved 10,000 Bitcoin at a time from eight wallets that had been untouched for over 14 years — could also be presumably as a result of proprietor upgrading from the unique legacy pockets to a Native SegWit handle, that are stated to have improved safety and decrease charges.
“Yesterday’s $8 billion transfers had been presumably associated to deal with upgrades, transferring from 1-addresses to bc1q-addresses,” Arkham stated.
Drake drops Bitcoin reference in new tune
Musical artist Drake talked about Bitcoin (BTC) in his newest tune “What Did I Miss?” The tune was launched on Saturday and is already drawing consideration from Bitcoiners on social media.
Drake beforehand wager $1 million in BTC on the end result of the 2022 Tremendous Bowl; the championship recreation of the American contact sport. The precise verse from the tune goes:
“I take a look at this shit like a BTC, may very well be down this week, then I am up subsequent week. I do not give a fuck if you happen to love me. I do not give a fuck if you happen to like me. Askin’ me ‘How did it really feel?’ Cannot say it did not shock me.”
Popular culture references to Bitcoin point out that the digital asset is steadily shifting from a distinct segment phenomenon into the mainstream.
