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🚀 Tesla & Bitcoin - a match made in crypto heaven? 🚗

Ready to checkout with crypto, Geckos?  PayPal now allows you to spend in crypto at millions of merchants globally.  According to PayPal CEO Dan Schulman, 'this is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet.'  Many believe this is the tipping point where cryptocurrencies move from being predominantly an asset class that you buy and hold, to one that is now a legitimate asset for transacting at mainstream merchants.  Users of PayPal who hold Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) in PayPal digital wallets can now convert such cryptocurrencies to fiat in order to make purchases.  In today's news, Michael Jordan invests in NBA Top Shot NFTs, Tesla helps with a BTCPay bug, and Tether reiterates that they are fully backed.  Read on!

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CoinGecko is turning 7 next month and we want to celebrate with you!  Join our Virtual Meetup #11 where we'll be taking a look at 'The Crypto Creators' Economy' with Roneil Rumburg (Co-founder & CEO at Audius), Alexei Falin (Co-founder & CEO at Rarible), and Gareth Emery (British trance producer and DJ). Join our discussion on how the crypto space is providing a new landscape of opportunities for creators! It's free for all but don't forget to sign up! We also want to showcase your best work. Get creative and join our NFT design competition to show your love for CoinGecko! The winning NFT will be announced at our Virtual Meetup and distributed to all attendees. Did we mention it will also be featured on our NFT of the day page? ;) Join here!  Test your luck for our cool Lucky Draw prizes and come chill out at our Afterparty with DJ's Vandal, Netunoblu, and Nullzero in collaboration with DAO Records! So Much For the Last Dance  NBA legend Michael Jordan joins in the NFT hype as he becomes part of Dapper Labs' funding round to back its runaway hit, NBA Top Shot Besides Michael Jordan, Dapper Labs also managed to raise capital from other NBA stars such as Kevin Durant, Andre Iguodala, Andre Drummond and even the famous rapper, 2 Chainz.  The mega funding round comes amidst a landscape of growing demand for digital collectibles, as well as Dapper Labs' ability to monetize such demand for its NFTs.  CoinDesk Tesla Commits Itself to Bitcoin  The world's leading electric carmaker just cemented its commitment to bitcoin by helping patch a bug that was found in an open-source Bitcoin payment processor and wallet BTCPay Server.  The carmaker company's security team informed BTCPay's team of the bug while reviewing the project's GitHub last week.  Tesla's initiation is timely and greatly appreciated by BTCPay as their wallets are used by many Bitcoin industry merchants and companies as a point of sale for online stores.  CoinDesk Tether Stablecoin is Fully Backed? Tether Holdings Limited, the company behind the world's largest stablecoin Tether (USDT), has released an assurance opinion to confirm that Tether tokens are fully backed by its reserves. It is claimed that Tether's reserves for its USDT stablecoin exceed the amount required to redeem the digital asset token, as consolidated liabilities amount to $35.2 billion, while consolidated total assets amount to 'at least' $35.3 billion.  Despite being backed by accounting network Moore Cayman, skepticism regarding USDT's 1:1 peg with the US dollar remains unfazed.  Cointelegraph

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