Notorious 'Tiger King' Joe Exotic Launches ETH-Based Token to Help Legal Fund
The infamous Joseph Maldonado, aka “Joe Exotic,” from the docuseries “Tiger King: Murder, Mayhem and Madness,” has launched his own Ethereum-based token. According to the website tiger-king, the project will also feature non-fungible tokens (NFTs) and the proceeds from NFT sales will go toward helping Joe Exotic’s legal defense team and tiger rescue funding.
‘Tiger King’ Joe Exotic Launches an ERC20 Token
The costar of the docuseries “Tiger King” has announced the launch of a new crypto asset called “TKING,” according to the reality series star’s official Twitter account. News reported on the popular docuseries last year when it was discovered that Joe Exotic’s costar Carole Baskin accepted bitcoin donations for Big Cat Rescue. Now Exotic “is back,” according to the website tiger-king and whoever developed an ERC20 token for him has minted a trillion TKING tokens.
“The legend of Joe Exotic has launched on the Ethereum blockchain! The man the world learned to call Tiger King from the hit Netflix documentary is back, this time as a digital currency,” the website notes. “The developers are thrilled to present Joe’s official cryptocurrency to the global public, endorsed by the man himself.”
Out of the trillion tokens, developers claim to have burnt 35% of the token supply. The development team also details that TKING tokens are “deflationary” by design as there’s a “2% burn rate on every transaction.” The website states:
Joe will always be the Tiger King, but his colorful career has landed him with a hefty legal bill in a bid to fight a corrupt legal system. Now he also faces the expense of cancer treatment.
Tiger King Received a Percentage of the Token’s Stealth Launch, Exotic’s Arch-Nemesis Carole Baskin Launches CAT Token First
According to the announcement Joe owns a percentage of TKING tokens and received them during the “stealth launch of the coin.” The website insists that “every buy will increase the value of his bag.”
Interestingly, Exotic’s costar Carole Baskin launched a cryptocurrency first and announced the project during the first week of May. Fox 13 News asked Baskin that because she is so well known that maybe a “major exchange” might list her CAT token.
“I’m being told by people in the industry that it could with its name recognition, and the fact that people love cats so much, and there’s so much buzz, but that’s not what it is right now,” Baskin explained during her interview.
Of course, the website tiger-king also mentions Exotic’s arch-nemesis Baskin.
“We will never let Carole win,” the TKING team insists. “Find your inner Tiger as Joe, $TKING, and his legal team stage the comeback of the century. We will land the first tiger on the moon to free Joe. Team Joe for the win!”
The infamous Joseph Maldonado, aka “Joe Exotic,” from the docuseries “Tiger King: Murder, Mayhem and Madness,” has launched his own Ethereum-based token. According to the website tiger-king, the project will also feature non-fungible tokens (NFTs) and the proceeds from NFT sales will go toward helping Joe Exotic’s legal defense team and tiger rescue funding.
‘Tiger King’ Joe Exotic Launches an ERC20 Token
The costar of the docuseries “Tiger King” has announced the launch of a new crypto asset called “TKING,” according to the reality series star’s official Twitter account. News reported on the popular docuseries last year when it was discovered that Joe Exotic’s costar Carole Baskin accepted bitcoin donations for Big Cat Rescue. Now Exotic “is back,” according to the website tiger-king and whoever developed an ERC20 token for him has minted a trillion TKING tokens.
“The legend of Joe Exotic has launched on the Ethereum blockchain! The man the world learned to call Tiger King from the hit Netflix documentary is back, this time as a digital currency,” the website notes. “The developers are thrilled to present Joe’s official cryptocurrency to the global public, endorsed by the man himself.”
Out of the trillion tokens, developers claim to have burnt 35% of the token supply. The development team also details that TKING tokens are “deflationary” by design as there’s a “2% burn rate on every transaction.” The website states:
Joe will always be the Tiger King, but his colorful career has landed him with a hefty legal bill in a bid to fight a corrupt legal system. Now he also faces the expense of cancer treatment.
Tiger King Received a Percentage of the Token’s Stealth Launch, Exotic’s Arch-Nemesis Carole Baskin Launches CAT Token First
According to the announcement Joe owns a percentage of TKING tokens and received them during the “stealth launch of the coin.” The website insists that “every buy will increase the value of his bag.”
Interestingly, Exotic’s costar Carole Baskin launched a cryptocurrency first and announced the project during the first week of May. Fox 13 News asked Baskin that because she is so well known that maybe a “major exchange” might list her CAT token.
“I’m being told by people in the industry that it could with its name recognition, and the fact that people love cats so much, and there’s so much buzz, but that’s not what it is right now,” Baskin explained during her interview.
Of course, the website tiger-king also mentions Exotic’s arch-nemesis Baskin.
“We will never let Carole win,” the TKING team insists. “Find your inner Tiger as Joe, $TKING, and his legal team stage the comeback of the century. We will land the first tiger on the moon to free Joe. Team Joe for the win!”
Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom'
Bitcoin bulls fell short of flipping the $38,000 level to support, and one analyst said on-chain data signals that BTC could see “a smaller drawdown.”
Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin rallied 7.3% from a low of $35,645 on June 1 to an intraday high at $38,250 on June 2, and Ether saw a similar-sized gain of 7.7% to briefly regain the $2,800 support level.
While the uptick in prices has many calling for a continuation of the 2021 bull market, some analysts have highlighted a possible bearish pennant formation on the Bitcoin chart, which could result in a price breakdown to as low as $16,000.
Market top or bull market breather?
Bitcoin’s volatile price action over the past month has led many to speculate on whether the top is in for BTC or the current correction is just a mid-cycle breather that will prepare the asset for continuation once the rally resumes.
Deeper insight into the matter was provided in a recent Delphi Digital report that discussed the MVRV ratio, an on-chain metric that measures Bitcoin’s market value (MV) against its realised value (RV) as an indicator that can help traders determine market tops and bottoms.
While it is possible that the top may be in for the current cycle, Delphi Digital also noted that there is the potential for the market to “see an outcome that resembles 2013’s 'double bubble' where BTC made an ATH [all-time high], price fell hard, and then recovered well past the ATH in the same year.”
Bitcoin bulls fell short of flipping the $38,000 level to support, and one analyst said on-chain data signals that BTC could see “a smaller drawdown.”
Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin rallied 7.3% from a low of $35,645 on June 1 to an intraday high at $38,250 on June 2, and Ether saw a similar-sized gain of 7.7% to briefly regain the $2,800 support level.
While the uptick in prices has many calling for a continuation of the 2021 bull market, some analysts have highlighted a possible bearish pennant formation on the Bitcoin chart, which could result in a price breakdown to as low as $16,000.
Market top or bull market breather?
Bitcoin’s volatile price action over the past month has led many to speculate on whether the top is in for BTC or the current correction is just a mid-cycle breather that will prepare the asset for continuation once the rally resumes.
Deeper insight into the matter was provided in a recent Delphi Digital report that discussed the MVRV ratio, an on-chain metric that measures Bitcoin’s market value (MV) against its realised value (RV) as an indicator that can help traders determine market tops and bottoms.
While it is possible that the top may be in for the current cycle, Delphi Digital also noted that there is the potential for the market to “see an outcome that resembles 2013’s 'double bubble' where BTC made an ATH [all-time high], price fell hard, and then recovered well past the ATH in the same year.”
Miami Mayor Confident Crypto Regulatory Issues Will Be Resolved — Says 'Buy the Dip'
The mayor of the U.S. city of Miami, Francis Suarez, explains how he plans to make his city the capital of bitcoin. He believes that issues surrounding cryptocurrency “will work themselves out,” adding that “in the end, there is only one thing to do: buy the dip.”
Miami Strives to Become the Capital of Bitcoin
Miami Mayor Francis Suarez gave a speech at the Bitcoin 2021 conference in his city on Friday. He highlighted various efforts to make Miami the bitcoin capital.
Firstly, he said that Miami was the first to host the Satoshi white paper on a government website. “We were first in the country. We were first because you want to be first in promoting and building this generation’s technology. We were first because we understand that in an experiential world, people are looking for the best in terms of quality of life. We were first because we understood the transformational advantage of being the first mover in an ever-increasing tech world, and we were first because in this city, we truly understand what it means to be the capital of capital – it means to be the capital of bitcoin,” he described.
The mayor of the U.S. city of Miami, Francis Suarez, explains how he plans to make his city the capital of bitcoin. He believes that issues surrounding cryptocurrency “will work themselves out,” adding that “in the end, there is only one thing to do: buy the dip.”
Miami Strives to Become the Capital of Bitcoin
Miami Mayor Francis Suarez gave a speech at the Bitcoin 2021 conference in his city on Friday. He highlighted various efforts to make Miami the bitcoin capital.
Firstly, he said that Miami was the first to host the Satoshi white paper on a government website. “We were first in the country. We were first because you want to be first in promoting and building this generation’s technology. We were first because we understand that in an experiential world, people are looking for the best in terms of quality of life. We were first because we understood the transformational advantage of being the first mover in an ever-increasing tech world, and we were first because in this city, we truly understand what it means to be the capital of capital – it means to be the capital of bitcoin,” he described.
Chinese Government Agency Issues Blockchain Development Roadmap
China’s “blockchain, not crypto” stance continues as one government agency publishes guidelines to accelerate the adoption of tokenless blockchain solutions.
China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) have identified four essential application areas for blockchain adoption.
The MIIT’s five-point agenda for blockchain adoption is part of a document issued on Monday detailing guiding opinions to accelerate the promotion of the emerging technology for industrial development.
Presenting its argument for blockchain adoption, the MIIT document describes the novel technology as “an important part of the new generation of information technology.” According to the IT ministry, blockchain is among a raft of new innovations like big data and artificial intelligence that are critical to China’s continued progress.
The MIIT document lists the economy, finance, industrialization and public services as the main focus for blockchain development in the country.
China’s “blockchain, not crypto” stance continues as one government agency publishes guidelines to accelerate the adoption of tokenless blockchain solutions.
China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) have identified four essential application areas for blockchain adoption.
The MIIT’s five-point agenda for blockchain adoption is part of a document issued on Monday detailing guiding opinions to accelerate the promotion of the emerging technology for industrial development.
Presenting its argument for blockchain adoption, the MIIT document describes the novel technology as “an important part of the new generation of information technology.” According to the IT ministry, blockchain is among a raft of new innovations like big data and artificial intelligence that are critical to China’s continued progress.
The MIIT document lists the economy, finance, industrialization and public services as the main focus for blockchain development in the country.
Bitcoin price targets $35K bounce level on El Salvador legal tender milestone
Bitcoin is now officially legal tender in a sovereign state for the first time, but can it exit its bearish price phase?
Bitcoin (BTC) headed towards $35,000 on June 9, boosted by historic news that El Salvador had made it legal tender.
In an early Wednesday vote, a supermajority of the nation’s legislature voted in favor of President Nayib Bukele’s proposal for the Latin American nation to adopt bitcoin. The president intends to sign later tonight or early in the morning.
Sixty-two members of the legislature voted in favor of the bill, with 19 opposed and three abstentions.
Bukele provided further details about his vision, pitched as an effort to boost financial inclusion in a country where a scant 30% of citizens have access to financial services, in a Twitter Space conversation early Wednesday morning hosted by Nic Carter of Castle Island Ventures and Coin Metrics. Users won’t necessarily have to use a government wallet, he said.
Bukele also said in the same Twitter Space conversation that the country was designing a new law that would grant permanent residency to any individual who invests 3 BTC into El Salvador’s economy.
Bitcoin is now officially legal tender in a sovereign state for the first time, but can it exit its bearish price phase?
Bitcoin (BTC) headed towards $35,000 on June 9, boosted by historic news that El Salvador had made it legal tender.
In an early Wednesday vote, a supermajority of the nation’s legislature voted in favor of President Nayib Bukele’s proposal for the Latin American nation to adopt bitcoin. The president intends to sign later tonight or early in the morning.
Sixty-two members of the legislature voted in favor of the bill, with 19 opposed and three abstentions.
Bukele provided further details about his vision, pitched as an effort to boost financial inclusion in a country where a scant 30% of citizens have access to financial services, in a Twitter Space conversation early Wednesday morning hosted by Nic Carter of Castle Island Ventures and Coin Metrics. Users won’t necessarily have to use a government wallet, he said.
Bukele also said in the same Twitter Space conversation that the country was designing a new law that would grant permanent residency to any individual who invests 3 BTC into El Salvador’s economy.
Twitter CEO Jack Dorsey hails Bitcoin, says it changes everything for the better
Twitter CEO Jack Dorsey has reiterated his interest in Bitcoin. Through a tweet, the tech billionaire hailed the cryptocurrency, saying it changes everything for the better and that he will work forever towards improving it.
Dorsey's tweet is the latest in line to mark a stand on the use of Bitcoin and cryptocurrency in general. His other company, Square, was another recent one. Earlier this week, Amrita Ahuja - CFO of Square, stated that the payments company had no plans to buy any more bitcoin in interaction with Financial News.
The statement came after the company has invested a total of $220 million since October last year. As per the company's latest earnings report, Square has lost $20m on its Bitcoin investment in the previous quarter.
Ahuja later clarified through a tweet that the company's bitcoin strategy hasn't changed and that it is working to better the cryptocurrency through its initiatives like Bitcoin Clean Energy Initiative. She stated that the company would continue to assess its Bitcoin investment on an ongoing basis.
Dorsey's tweet comes as an affirmation to the cause, stating that the cryptocurrency changes "everything" for the better and that the team will "forever work to make Bitcoin better." In a follow-up tweet, he states his belief that no single person (or institution) will be able to change or stop Bitcoin's development.
Twitter CEO Jack Dorsey has reiterated his interest in Bitcoin. Through a tweet, the tech billionaire hailed the cryptocurrency, saying it changes everything for the better and that he will work forever towards improving it.
Dorsey's tweet is the latest in line to mark a stand on the use of Bitcoin and cryptocurrency in general. His other company, Square, was another recent one. Earlier this week, Amrita Ahuja - CFO of Square, stated that the payments company had no plans to buy any more bitcoin in interaction with Financial News.
The statement came after the company has invested a total of $220 million since October last year. As per the company's latest earnings report, Square has lost $20m on its Bitcoin investment in the previous quarter.
Ahuja later clarified through a tweet that the company's bitcoin strategy hasn't changed and that it is working to better the cryptocurrency through its initiatives like Bitcoin Clean Energy Initiative. She stated that the company would continue to assess its Bitcoin investment on an ongoing basis.
Dorsey's tweet comes as an affirmation to the cause, stating that the cryptocurrency changes "everything" for the better and that the team will "forever work to make Bitcoin better." In a follow-up tweet, he states his belief that no single person (or institution) will be able to change or stop Bitcoin's development.
Banks Edge Closer to Ethereum 2.0 Staking
Switzerland-based Sygnum Bank is helping institutional clients get staking rewards from the new Ethereum network. And they’re not alone.
Banks could one day be key participants in Ethereum 2.0.
It’s a trend that will soon garner as much attention as institutional interest in bitcoin, say firms like Blockdaemon and Bison Trails, which provide the infrastructure to make running a staking node on Ethereum 2.0 low risk and easy to deploy.
These hand-holding intermediaries in the staking arena have been surprised by the pipeline of large companies looking to get involved in Ethereum’s next-generation network.
The network’s proof-of-stake (PoS) overhaul provides rewards akin to interest, denominated in ether (ETH), at a time when yields in traditional savings vehicles remain paltry.
Switzerland-based Sygnum Bank is helping institutional clients get staking rewards from the new Ethereum network. And they’re not alone.
Banks could one day be key participants in Ethereum 2.0.
It’s a trend that will soon garner as much attention as institutional interest in bitcoin, say firms like Blockdaemon and Bison Trails, which provide the infrastructure to make running a staking node on Ethereum 2.0 low risk and easy to deploy.
These hand-holding intermediaries in the staking arena have been surprised by the pipeline of large companies looking to get involved in Ethereum’s next-generation network.
The network’s proof-of-stake (PoS) overhaul provides rewards akin to interest, denominated in ether (ETH), at a time when yields in traditional savings vehicles remain paltry.
Point 72 CEO Says He’s Ready to Go all in on Crypto.
Billionaire investor and Chief Executive Officer of Point 72 Asset Management, Steve Cohen has said he’s ready to take a deep dive into the cryptocurrency space. To show his readiness, he stated that he wouldn’t miss the moving train of cryptocurrency again as he missed the first one already.
Point 72 Asset Management is headed by Steve who doubles as the Chairman and the Founder/ Chief executive Officer. The company manages hedge funds for its customers. It operates about 12 subsidiaries around the world from London to North Asia among others. Point 72 has more than 1,600 employees and an estimated AUM of over $22 billion+ as of two months ago.
Steve Cohen Says He’s into Crypto Full-time
The Billionaire disclosed his plans to dive deep into the cryptocurrency space in an interview last week. He stated that he was fully converted and ready to go all in; “I’m doing a deep dive into crypto. I’m fully converted.”
The chief executive went further by saying plans to get into the cryptocurrency industry and exploring opportunities that lie there are soon to be set in motion in his company. He also noted that there is no right time to get into the market as nobody knows the next direction the market will take.
Billionaire investor and Chief Executive Officer of Point 72 Asset Management, Steve Cohen has said he’s ready to take a deep dive into the cryptocurrency space. To show his readiness, he stated that he wouldn’t miss the moving train of cryptocurrency again as he missed the first one already.
Point 72 Asset Management is headed by Steve who doubles as the Chairman and the Founder/ Chief executive Officer. The company manages hedge funds for its customers. It operates about 12 subsidiaries around the world from London to North Asia among others. Point 72 has more than 1,600 employees and an estimated AUM of over $22 billion+ as of two months ago.
Steve Cohen Says He’s into Crypto Full-time
The Billionaire disclosed his plans to dive deep into the cryptocurrency space in an interview last week. He stated that he was fully converted and ready to go all in; “I’m doing a deep dive into crypto. I’m fully converted.”
The chief executive went further by saying plans to get into the cryptocurrency industry and exploring opportunities that lie there are soon to be set in motion in his company. He also noted that there is no right time to get into the market as nobody knows the next direction the market will take.
Bitcoin Can become Digital Gold – Mexico’s third Richest Man
The third richest man in Babylon, Ricardo Salinas Pliego has made bullish comments on Bitcoin as he is of the opinion that the digital asset is a good investment option. Just like Michael Saylor, CEO of MicroStrategy, Ricardo believes in Bitcoin over cash and he thinks everyone should have Bitcoin in their investment portfolios.
Ricardo stated in a recent interview with José Rodríguez, the director at Blockchain Land that Bitcoin should be considered a good investment just like gold and debate as to whether it is a currency or not isn’t necessary for those who are familiar with the technology behind it;
“In my opinion, all the advantages that bitcoin has are enough to make the gold of the modern world … There is no point in discussing whether it is a currency or not.”
Why Everyone Should Have Bitcoin
The third richest man cited a number of reasons why everyone should consider Bitcoin as an investment option. He cited its liquidity, ease of transportation as well as finite supply of Bitcoin (21 million). Ricardo argues these are internationally recognized standards for any investment;
Bitcoin is an asset that has international value, which is traded with enormous liquidity worldwide. For that reason, it should be in any portfolio.
Ricardo is said to hold 10% of his liquid investments in Bitcoin and that’s huge for his position of wealth in Mexico.
The third richest man in Babylon, Ricardo Salinas Pliego has made bullish comments on Bitcoin as he is of the opinion that the digital asset is a good investment option. Just like Michael Saylor, CEO of MicroStrategy, Ricardo believes in Bitcoin over cash and he thinks everyone should have Bitcoin in their investment portfolios.
Ricardo stated in a recent interview with José Rodríguez, the director at Blockchain Land that Bitcoin should be considered a good investment just like gold and debate as to whether it is a currency or not isn’t necessary for those who are familiar with the technology behind it;
“In my opinion, all the advantages that bitcoin has are enough to make the gold of the modern world … There is no point in discussing whether it is a currency or not.”
Why Everyone Should Have Bitcoin
The third richest man cited a number of reasons why everyone should consider Bitcoin as an investment option. He cited its liquidity, ease of transportation as well as finite supply of Bitcoin (21 million). Ricardo argues these are internationally recognized standards for any investment;
Bitcoin is an asset that has international value, which is traded with enormous liquidity worldwide. For that reason, it should be in any portfolio.
Ricardo is said to hold 10% of his liquid investments in Bitcoin and that’s huge for his position of wealth in Mexico.
Microstrategy Adds Fresh 13,005 Bitcoins to its Holdings
Software Giant company, Microstrategy has acquired another 13,005 Bitcoins at an estimated value of $489 million dollars. This was revealed in a blog post published in a tweet by the chief executive officer of the company; Michael Saylor.
In a report by CryptoTVplus last week, the company completed the sale of its Senior Secured bond which was due by 2028. The aim of the sale was to raise funds for the company’s next Bitcoin purchase. About half a billion dollars was raised and the purchase has been completed today, 21st June, 2021 according to the announcement from Microstrategy.
Each Bitcoin was bought at an approximate price of $37k+ per Bitcoin with fees and the company with its subsidiaries hold a total of 105,085 bitcoins as stated in the announcement;
“As of June 21, 2021, MicroStrategy holds an aggregate of approximately 105,085 bitcoins, which were acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per bitcoin, inclusive of fees and expenses. MacroStrategy LLC, a subsidiary of MicroStrategy, holds approximately 92,079 of the bitcoins.”
Software Giant company, Microstrategy has acquired another 13,005 Bitcoins at an estimated value of $489 million dollars. This was revealed in a blog post published in a tweet by the chief executive officer of the company; Michael Saylor.
In a report by CryptoTVplus last week, the company completed the sale of its Senior Secured bond which was due by 2028. The aim of the sale was to raise funds for the company’s next Bitcoin purchase. About half a billion dollars was raised and the purchase has been completed today, 21st June, 2021 according to the announcement from Microstrategy.
Each Bitcoin was bought at an approximate price of $37k+ per Bitcoin with fees and the company with its subsidiaries hold a total of 105,085 bitcoins as stated in the announcement;
“As of June 21, 2021, MicroStrategy holds an aggregate of approximately 105,085 bitcoins, which were acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per bitcoin, inclusive of fees and expenses. MacroStrategy LLC, a subsidiary of MicroStrategy, holds approximately 92,079 of the bitcoins.”