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Green Bay Packers Quarterback Aaron Rodgers Gets Paid in Bitcoin, Gives Away $1 Million in BTC – Bitcoin News

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Green Bay Packers quarterback Aaron Rodgers is taking a portion of his salary in bitcoin. He also gave away $1 million in the cryptocurrency to his fans in collaboration with Square’s Cash App. “I believe in bitcoin,” he said, adding that “the future is bright.”

Green Bay Packers’ Aaron Rodgers Takes Part of His NFL Salary in Bitcoin

American football quarterback for the Green Bay Packers of the National Football League (NFL), Aaron Rodgers, explained in a video he posted on Twitter Monday that he is taking a portion of his salary in bitcoin. In addition, he gave away $1 million in the cryptocurrency in partnership with Square’s Cash App.

Rodgers said:

Bitcoin to the moon … That’s why I’m pumped that I recently teamed with Cash App. They have enabled me to take part of my NFL salary in bitcoin for the very first time.

He also wrote: “I believe in bitcoin & the future is bright.”

The Green Bay Packers and Rodgers signed a four-year, $134 million deal before the start of the 2018 season. According to reports, he’s due to earn over $1.1 million in salary, with more than $22 million earned in signing and roster bonuses.

Rodgers Gives Away $1 Million in Bitcoin

Rodgers also announced Monday on Twitter that he was giving away $1 million in bitcoin to his fans. To receive free BTC, fans had to reply to his tweet with their $cashtag and #Paidinbitcoin, and follow @Cashapp on Twitter.

The quarterback explained:

To make bitcoin more accessible to my fans I’m giving out a total of $1M in BTC now too.

Rodgers’ tweet was flooded with people wanting free BTC. At the time of writing, the tweet has been liked 65.2K times and received 111.7K replies. Soon after the announcement, fans claimed to have received bitcoin from the quarterback, posting screenshots of what they received. The amounts varied. For example, some people received about $10 while others received about $100.

Green Bay Packers Quarterback Aaron Rodgers Gets Paid in Bitcoin, Gives Away $1 Million in BTC
A screenshot shared by a Twitter user who said they received bitcoin from Aaron Rodgers and Cash App. Source: Twitter

A growing number of professional athletes and sports teams are asking to be paid in bitcoin, including Russell Okung, Tom Brady, Saquon Barkley, and Sean Culkin. On Tuesday, the mayor of the U.S. city of Miami, Florida, also said that he is going to take 100% of his next paycheck in bitcoin.

What do you think about Aaron Rodgers getting paid in bitcoin and giving away BTC? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Uzbekistan Allows Residents to Trade Cryptocurrencies on Local Exchanges – Exchanges Bitcoin News

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Changes to the rules governing activities of crypto exchanges in Uzbekistan now allow residents to trade coins on licensed platforms. Uzbekistanis could previously only sell their digital assets. The new provisions also regulate the issuance of tokens and their listing.

Uzbekistan Loosens Restrictions on Domestic Crypto Trading

Uzbekistanis will be able to trade digital currencies on the country’s licensed crypto exchanges. This has become possible after the National Agency for Project Management (NAPM) under President Shavkat Mirziyoyev recently amended the rules pertaining to local cryptocurrency trade.

According to the new regulations, residents of Uzbekistan can buy, sell, and exchange crypto assets domestically for their national currency, Forklog reported, quoting a decree issued by the agency’s director. Non-residents are allowed to exchange cryptocurrencies for foreign fiat as well.

Uzbekistan legalized crypto trading in 2018 but in late 2019 the government banned local residents from purchasing cryptocurrencies. They could only sell. The regulatory body explained that the lifting of the restrictions has to do with citizens changing their approach to crypto investing which has become “more rational and balanced.”

In September this year, the NAPM warned against trading on unregistered platforms, reminding residents that in accordance with the presidential decree “On measures to develop the digital economy in the Republic of Uzbekistan” and the law “On licensing and notification procedures,” crypto exchange operations are subject to licensing.

The amendments further concern the issuance and trading of digital tokens. The National Agency for Project Management prohibits the listing of unsecured tokens on local exchanges. The regulations define tokens as a unit of account secured by tangible or other property and used to attract investment, NAPM detailed.

Authorities in Tashkent have maintained a generally positive attitude toward the crypto space. In January 2020, they announced plans to establish а national mining pool, create a blockchain valley, introduce crypto tax exemptions, and establish a cryptocurrency exchange. Uznex, a digital asset trading platform operated by the South Korean entity Kobea Group, was launched later the same month.

However, the use of cryptocurrencies as a means of payment for goods and services is still prohibited in the Central Asian country. In September, the Central Bank of Uzbekistan ruled out the idea that bitcoin and the rest could be recognized as legal tender in the country. That’s unlikely to ever change, a high-ranking official was quoted as stating.

Tags in this story
Bitcoin, central asia, Coins, Crypto, crypto assets, crypto exchanges, crypto trading, Cryptocurrencies, Cryptocurrency, Digital Assets, digital coins, Exchanges, Investors, licensed exchanges, licenses, licensing, non-residents, permission, residents, restrictions, Traders, Trading Platforms, Uzbekistan, Uzbekistani

Do you expect Uzbekistan to further loosen its crypto regulations? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Ethereum Gains Momentum, Dips Turn Attractive In Near-Term

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Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,550 resistance zone.

  • Ethereum is trading in a bullish zone above the $4,350 level.
  • The price is now well above $4,250 and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $4,360 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue higher if it stays above the $4,350 support level in the near term.

Ethereum Price Extends Gains

Ethereum extended increase above the $4,350 resistance level. ETH price even broke the $4,440 level and settled well above the 100 hourly simple moving average.

There was a steady increase and the even climbed above $4,500. A high was formed near $4,552 and the price is now correcting lower. It traded below the $4,500 level. There was a break below the 23.6% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high.

Ether price is now well above $4,250 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $4,360 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

An initial resistance on the upside is near the $4,500 level. The first major resistance is near the $4,550 level. A close above the $4,500 and $4,550 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,620 level. Any more gains could lift the price towards the $4,750 zone in the near term.

Dips Limited in ETH?

If ethereum fails to start a fresh increase above the $4,500 level, it could extend its downside correction. An initial support on the downside is near the $4,400 level.

The first key support is now forming near the $4,350 level, the trend line, and the 100 hourly simple moving average. The trend line is near the 50% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high. A downside break below the trend line could lead the price towards the $4,250 support.

Technical Indicators

Hourly MACD The MACD for ETH/USD is gaining pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now correcting lower towards the 40 level.

Major Support Level $4,350

Major Resistance Level $4,550

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Russians transact $5B in crypto each year, Bank of Russia says

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Russian people are among the worlds most active participants of the cryptocurrency market, according to the countrys central bank.

The Bank of Russia published a fresh review on financial stability on Thursday, pointing out the countrys growing role in the $2.8 trillion market.

Citing estimations reported by major local banks in July 2021, the Bank of Russia suggested that the total annual volumes of crypto transactions of the Russian population amount to 350 billion rubles, or $5 billion.

It is unclear whether the Bank of Russia has converted these estimations as the price of Bitcoin (BTC) has almost doubled since July, surging from around $30,000 to over $60,000 in November.

In the report, the Bank of Russia also noted that the Russian Federation is among global leaders in terms of visits to the Binance cryptocurrency exchange. According to data from the digital intelligence provider SimilarWeb, Russia is the second bigg in terms of total traffic on Binance after Turkey.

The Russian central bank also noted that Russia is one of the worlds largest Bitcoin mining countries, ranking third in terms of national hash rates, according to Cambridge Bitcoin Electricity Consumption Index as of August 2021.

Despite admitting Russias leading position in the global cryptocurrency market, the Bank of Russia still outlined major risks associated with the industry, including those associated with financial stability, investor protection, money laundering and criminal financing as well as ESG risks.

The central bank did not suggest any immediate measures to address these risks but said that it would be closely monitoring the market to identify potential threats:

The relationship between digital currencies and the financial sector remains limited at the moment. However, the rapid growth and the widespread adoption of digital currencies would pose higher risks both globally and for the Russian financial market.

Related: Russian crypto market worth $500B despite bad regulation, says exec

The Bank of Russia has taken a hard stance on cryptocurrencies, with governor Elvira Nabiullina arguing that responsible governments should not drive crypto adoption. The central bank is known for not allowing local banks to deal with crypto and promoting the use of its own digital currency instead. This has led to a situation where no Russian crypto exchange can now offer its services legally.

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