Let it ฿: John Lennon’s son hopes for Bitcoin

Sean Ono Lennon, son of John Lennon. believes that Bitcoin (BTC) is one of the few rays of hope in the otherwise bleak year 2020. This and more has recently been revealed to the public in a podcast by Max Keiser.

Sean Ono Lennon likes Bitcoin (BTC). The son of the Beatles‘ founder and co-lead singer, Sean Ono Lennon is a British-American musician and songwriter who has released several albums. Apart from following in his father’s musical footsteps, Sean Ono Lennon is apparently also a big Bitcoin fan.

During a conversation in the Orange Pill Podcast moderated by Max Keiser and Stacy Herbert, Lennon admitted that he first bought Bitcoin Revolution four years ago. At that time, however, he made a beginner’s mistake and lost the private key for his BTC. Therefore S. Lennon unfortunately cannot access it anymore.

Despite his bad experiences, he is a staunch supporter of digital gold.

Bitcoin is something that empowers people in a way that has never been seen before. Even if you had gold, you would have to carry it in a sack and someone could simply steal it from you.

Moreover, according to S. Lennon, BTC would allow people to be completely independent and at the same time bring with it great responsibility.
Sean Ono Lennon: „Bitcoin gives me hope

In addition, S. Lennon and Keiser discussed the major events that took place in 2020. More specifically, they talked about the COVID 19 pandemic and its impact on the world.

Amidst all the negativity, S. Lennon found new optimism in Bitcoin.

In a sea of destruction that was this year, I found a kind of optimism in Bitcoin.

He thinks that Bitcoin gives people strength. That makes him extremely optimistic about the future of humanity. Although there are so many negative developments in the world, he believes in a better future through inventions like Bitcoin.

However, the musician was hesitant about how Bitcoin could disrupt the traditional financial system and what governments would do about it to stay in power. Max Keiser then assured that many people within government institutions are already supporters of Bitcoin.

According to him, the recently elected senator of the state of Wyoming, Cynthia Lummis, is a prime example of this. Lummis is a long-time BTC-Hodler and is considered a proponent of crypto currencies. Recently she noted that she is fighting to make sure that everyone understands the great value of Bitcoin.

Airbnb may soon accept cryptocurrencies and tokenize its services

Airbnb may soon add support for cryptocurrencies and tokenize some of its services. The peer-to-peer rental giant made reference to cryptocurrencies and blockchain in its prospectus for its proposed initial public offering (IPO) sent to the SEC.

Airbnb realizes the potential of cryptocurrencies

The company recently filed a proposed IPO with the US regulator, the Securities and Exchange Commission (SEC). In the document, Crypto Bank platform very frequently returns to the Covid-19 pandemic, which has greatly affected its operations.

Airbnb is aware of this, if the company does not manage to adapt to technological changes and to the evolution of the demands of its users, its future remains uncertain in the face of the competition.

It is to stay up to date that the housing rental platform is considering the acceptance of cryptocurrencies and the tokenization of its services :

„Our future success will depend … on our ability to adapt to emerging technologies such as tokenization, cryptocurrency, new authentication technologies, such as biometrics, distributed ledger and blockchain technologies [ …], ”says Airbnb.

Although these comments appear in the “Risk factors” section of the document, Airbnb states its intention to continue to spend significant resources to maintain, develop and improve the technologies and its platform.

Nonetheless, Airbnb adds that ongoing research into these potential additions is likely to be more costly than expected, and may not be successful .

That said, the fact that Airbnb mentions cryptocurrencies and blockchain is not trivial. In 2016, the company said it was not considering accepting Bitcoin (BTC) as a payment method .

The changing tourism industry

Airbnb feels threatened by new emerging platforms, which already integrate cryptocurrencies and various technologies improving the user experience. Impossible not to mention Travala.com , the crypto-friendly hotel and flight booking platform .

Recently launched, Travala.com has managed to forge major partnerships with groups such as Booking, Expedia and Agoda . In addition, and despite the general decline in tourist flows across the world in 2020, Travala has succeeded in attracting tens of thousands of customers.

By accepting cryptocurrency, Travala.com and many other platforms such as Ulysses travel agency attract new customers and offer them a better experience.

Even if Airbnb remains the juggernaut in its sector – and this for a long time to come – the company must renew its offer to maintain its leadership position in the long term.

Airbnb could therefore very soon accept cryptocurrencies . Knowing that the company already accepts PayPal, adding cryptocurrency support is now very easy via this trusted intermediary .

Swiss blockchain specialist Inacta becomes a holding company and appoints new partners

The Swiss blockchain service provider Inacta will in future operate with a holding structure and have appointed three management members as partners.

The blockchain service provider Inacta, based in Zug, Switzerland, has appointed three previous management members as new partners and given themselves a holding structure, according to Inacta in a press release on November 12th.

The new partners are the previous members of management Christian Müntener, Fabian Seimer and Daniel Rutishauser, who, according to Inacta, have extensive market and specialist knowledge and many years of management experience.

New Inacta Ventures AG as part of the holding company

Inacta Ventures AG, which was also founded by Inacta, will be part of the holding company and will focus “its investment activities on its own ventures, joint ventures and strategic investments”.

Ralf Glabischnig, Managing Partner of Inacta AG, put the following on the record:

“It is very important to us to support the Swiss economy in the area of ​​innovation and thus to strengthen it even in difficult times. We also believe in the efficiency of ecosystems, which is why we actively seek and use synergies between corporates and startups. „

As Inacta also writes, the expansion of the business in the current year has led to the hiring of 20 new employees and the establishment of the Inacta Innovation Lab on an area of ​​around 1,000 square meters.

Cooperation for bankable crypto financial products

Inacta sees itself as a pioneer for secure and legally harmless crypto investments and has been involved in a joint venture with the Swiss company Gentwo since 2018 to create bankable crypto financial products with an international securities identification number (ISIN).

DeFi platform Synthetix introduces token for crude oil futures

The DeFi protocol Synthetix has introduced new tokens that map the price of Brent oil, the most important type of crude oil in Europe.

Unlike Bitcoin and large parts of the traditional stock market, the price of oil has not yet recovered from the corona crash. Since the beginning of the year, the price of Brent crude oil has collapsed by 35 percent.

Price development of Bitcoin (red) and Brent CFDs. Source: TradingView

Like other commodities, oil is traded primarily via futures Ethereum Code contracts. A futures contract specifies the number of units of an asset to be bought or sold and the price and timing at which the asset changes hands. The contract is settled when it reaches its expiration date, at which time the party holding the futures is obliged to buy or sell the underlying asset at the agreed price.

Now oil futures have entered an emerging branch of the crypto-economy: Decentralised Finance, in short: DeFi. The crypto-derivative platform Synthetix recently launched the sOIL token. As a reference price, the sOIL token uses a dynamic weighting scheme based on prices for Brent oil futures on the Intercontinental Exchange (ICE). In addition to the sOIL token, which is used for long positions, Synthetix has introduced „iOIL“ (inverted sOIL) for short positions. The iOIL token has built-in limits, both on the bottom and the top. If a limit is reached, the token price is frozen until the next time the token is moved. In this way possible losses are limited, but the same applies to the return.

Chainlink provides data for Synthetix

The Chainlink protocol serves as data supplier for the price determination. Chainlink collects the price data for Brent oil futures on the futures markets and feeds it into the Synthetix network. The data is collected and transmitted via decentralised network nodes to make manipulation – for example by Sybill attacks – more difficult.

Since September, Synthetix has relied exclusively on the services of Chainlink for the pricing of its synthetic assets („Synths“).

We are confident that Chainlink will continue to be the safest and most reliable Oracle mechanism on the market, providing strong guarantees to the Synthetix protocol that all assets are secured by high quality pricing data with high availability, tamper resistance and transparency,

says the Synthetix blog entry on the release of the oil futures on the DEX.

The big rush on sOIL and iOIL is still to come. Since its introduction on 12 November, the Synthetix protocol has only generated just under 3 sOIL and around 6.5 iOIL tokens.