Doge Racer, an indie game inspired by the Dogecoin community, has just released its version 1.17 alpha. The game can now also be purchased using the Dogecoin (DOGE) cryptocurrency.
What Is Doge Racer?
Doge Racer is a video game created by the developer Anthony Cicero, who runs TCiceroDev.com. Doge Racer has previously been described as the ‘Mario Kart’ of Dogecoin, with its similar gameplay style.
Each racing car is driven by a Shiba Inu dog (the Dogecoin mascot), and other Dogecoin related graphics feature heavily throughout the game. Some of the main features of the game include Story Mode, Split-screen Multiplayer, Online Mode, Vehicle Customization, and more.
What Changes Does the New Update Bring?
Aside from being able to buy the game using Dogecoin, v1.17 has also brought along with it a number of other changes. An early version of Doge Racer VR (virtual reality) is now available, and there is a new login system, as well as Dogecoin tire customization.
The ‘Dogecoin Mine’ course and the ‘Crypto Highway’ have been re-added with lots of changes, a respawn button has been added, and many bugs have been fixed.
Buying Doge Racer With Doge
To purchase the game using Dogecoin, players will first need to create an account at http://www.tcicerodev.com/TCDNET/register.php. Then once logged in to the site, the option is available to purchase using Dogecoin. All Dogecoin payments are handled through Coin Payments.
A limited time offer currently stands at 1000 DOGE (about $2.20 at today’s exchange rate) to buy the full version.
Doge Racer also has a Patreon page for those who want to support its development and gain early access to future versions.
Other Developments in the Dogecoin Community
Dogecoin released its version 1.14 in June this year. The Dogecoin Developers Twitter account recently stated that there was 40% adoption of this new version, and encouraged those using the older version to upgrade.
We're at 40% adoption of 1.14, keep going! Need to hit 75+% so we can really be sure of the testing on 1.17.
— Dogecoin Developers (@dogecoin_devs) September 22, 2019
The update has brought with it some performance improvements, new features, bug fixes, and updated translations for Dogecoin. The Dogecoin v1.14 release notes state:
“Validation speed and network propagation performance have been greatly improved, leading to much shorter sync and initial block download times.“
Dogecoin.com Ownership Transferred to Developers
Ownership of the Dogecoin.com domain has now been handed over to the lead Dogecoin Developer, Ross Nicoll. The website was created by Jackson Palmer and Billy Markus, who were the original founders of Dogecoin.
As I'm sure someone will spot sooner or later – the https://t.co/ZPhL6cDSCC just changed ownership. Jackson's transferred it to myself (Ross), and we're looking at arranging a non-profit to own it longer term. – Ross
— Dogecoin Developers (@dogecoin_devs) September 9, 2019
The two held onto ownership of the website until very recently, but as they are no longer actively working on the Dogecoin project, they decided to pass ownership to the current developer team.
Control of the website will allow the developers to promote better and educate people on Dogecoin and the DOGE ecosystem. Eventually, the domain is expected to handled by a non-profit entity that can facilitate better ownership of shared items.
Bitcoin to Surpass $20,000 ATH By Early 2021 According to Raul Pal
Former hedge fund manager and CEO of Real Vision, Raoul Pal, believes that the real impact of the COVID-19 pandemic is about to reach the financial markets. By outlining several upcoming cornerstones among traditional financial assets, he highlighted Bitcoin as the “life raft” in this situation.
Raoul Pal: Everything Has Changed
In a recent Twitter thread, the Wall Street veteran outlined the rapidly growing COVID-19 cases worldwide. The total number of infected has neared 45 million, while the death toll is almost 1,2 million.
Pal predicted that these rising numbers in Europe, the US, and Canada are about to “exert economic pressures and extinguish the Hope phase of reflation dreams.” He believes that the upcoming consequences will harm the economy even more than the early 2020 developments. A real economic recovery “will take more than a post-election stimulus in January.”
He continued by looking at several markets that have started to feel the adverse consequences and have fallen to long-term support levels. Those included the oil price, Spain’s benchmark stock market index – the IBEX 35, the EU Banks Index, the euro, the British pound, the US dollar, and more.
As such, he broached a few possible solutions – “you can buy bonds and dollars, or you can take the life raft – Bitcoin.”
“Or, to dampen the volatility of a risk-off event (we can and will see sharp BTC corrections), you can have all three for a near-perfect portfolio for this phase.” – Pal concluded.
Bitcoin Will Eat The World And Price Predictions From Pal
Pal further highlighted his positive views on Bitcoin by saying the cryptocurrency “will eat the world.” He attributed it to its performance, which is so dominant and so “all-encompassing” that it will “suck in every single asset narrative dry and spit it out.”
“Never before in my career have I seen a trade so dominant that holding any other assets makes almost no sense.”
As far as price predictions go, Pal said that $14,000 is the only resistance left in Bitcoin’s way to the all-time high at $20,000. He expects that BTC should overcome the December 2017 high by “early next year at the latest.”
Additionally, CryptoPotato recently reported an even more optimistic and long-term forecast. By using a regression on the logarithmic chart since inception, Pal brought up a model that sees Bitcoin reaching $1 million by 2025.
Featured Image Courtesy of BusinessInsider
Coinbase Launches A Crypto Debit Card With 1% Reward on Bitcoin Spendings
- The largest US-based cryptocurrency exchange Coinbase announced today the launch of a Visa debit card, allowing customers to spend digital assets for everyday purchases.
- According to the official statement, the Coinbase Card will provide clients the opportunity to earn up to 4% back in cryptocurrency rewards.
- It will be available in nearly 30 countries, including the US, the UK, and across Europe. It will be connected to customers’ Coinbase accounts, and they can spend the funds without having to move funds to their bank accounts.
- The designated cryptocurrency asset spent by users will be automatically converted to US dollars prior to completing the purchase or the ATM withdrawal.
- The rewards will be available for US-based customers only initially and will depend on the cryptocurrency used. For instance, customers can get 1% back if they spend bitcoins and 4% back if they choose Stellar Lumens (XLM).
- The Coinbase app will serve as a fund manager. All spendings, reward details, and preferences will be manageable through the app.
- US customers can start applying to receive the card through the exchange’s app or the website. The first approved clients will be announced “this winter,” and they can start spending with a virtual card. The physical one will be delivered within two weeks.
Bitcoin-Friendly Avanti Receives License to be The Second Crypto Bank in The US
Now the United States can boast a new crypto bank: Welcome Avanti.
Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board.
Avanti is The Second Crypto-bank Operating in the United States
With this decision, Avanti becomes the second crypto company to receive a banking license after the crypto exchange Kraken was also authorized by the Wyoming State Banking Board.
This license allows Avanti to offer financial services in the same way that a traditional bank would, only that these are in addition to the crypto services already provided by the platform.
According to Avanti, the application in the state of Wyoming was key to meeting its expectations —just like Kraken did— as it is the only state in the country that has a regulator with a bank supervisory and regulatory program for digital assets mature enough to ensure the operations of a banking platform that offers risk-free custody services.
Currently the only type of U.S. financial institution that can provide final and simultaneous settlement of trades between digital assets and the U.S. dollar-because it is the only type currently approved to handle both within the same legal entity-is a Wyoming special purpose depository institution like Avanti.
Blockchain and Banking Working Together
Avanti said in a tweet that the first crypto product the company will launch will be a stablecoin pegged to the dollar and backed by physical deposits made to its bank accounts. The token will be called Avit and will be available for its customers in the first quarter of 2021.
AVANTI IS OFFICIALLY A BANK! Our charter & business plan were approved 8-0 today, incl. #Avit (a tokenized US dollar, which we announced we’ll issue initially on #Liquid (#Bitcoin sidechain) & #Ethereum. Open for commercial customers early Q1. More here:https://t.co/CgNazN08zV
— Avanti Bank & Trust (@AvantiBT) October 28, 2020
Avanti revealed that Avit tokens will run on Ethereum – a critical blockchain for those seeking to take advantage of programmable smart contracts – and Liquid – a Bitcoin sidechain developed by Blockstream for those seeking to benefit from inter-exchange transfers for arbitrage operations.
Avanti had previously confirmed its collaboration with Blockstream to develop this token, explaining that it would not be like a normal crypto-currency and that it would be “just bank money that happens to be issued on a blockchain.” So it may look more like JPM Coin than the famous USDT.
Caitlin Long promised that Avanti “will provide products and services that do not exist in the market today. They did not refer to what they had in mind, so we can only hope.
There has been a lot of activity around cryptocurrency and financial services with blockchain technology in the United States. After MicroStrategy announced a major investment in Bitcoin, Square revealed a $50 million investment in BTC. Also, PayPal started providing support for cryptocurrencies and JP Morgan started using its own cryptocurrency commercially days after it talked about Bitcoin’s potential to triple its price.
Most of these announcements helped boosting BTC’s price. Will this have a bullish effect too?
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