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Free Open Bar in NYC For The #10kclub and #999club

Got a .eth domain with less than 5 digits? You get access to the open bar event taking place at The Refinery Rooftop in NYC on May 11 from 6-9pm for FREE. Must be 21 or older to enter. A whitelist for 3-digit and 4-digit .eth ENS holders may be forthcoming but holders will be accepted in at the door for free regardless.

The Refinery Rooftop is at: 63 W 38th St, New York, NY 10018

All other interested persons can come but the entry fee is $25 payable only in crypto (eth, btc, ltc, sol, doge etc all accepted.) Please register online ahead of time!

Your Phone Number as an ENS Domain

Can your phone number be an ENS domain? It most certainly can, and depending on the situation, probably should be. Specifically, we’re talking about literally registering your 10-digit phone number as a .eth.

For example:
Phone Number: 917-722-0808 (our events line)
ENS Domain #1: 917-722-0808.eth
ENS Domain #2: 9177220808.eth

Phone numbers are already popularly relied upon for identity. Hello, 2FA anyone? But more to the point, one of the core purposes of ENS is to consolidate long impossible-to-remember wallet strings into memorable email address style domain names. Great for crypto adoption, but perhaps still daunting for a customer trying to remember what the .eth address for a business transaction was supposed to be. Telling a customer to simply send their payment to the company phone number (like 9177220808.eth for example) ensures that if they have your phone number then they have your wallet address as well. They don’t need to remember or look up another name.

Ultimately, whether or not this makes sense is up to you. It may be good to register your phone # as an ENS even if you don’t advertise it just in case someone’s natural instinct is to send a payment to your phone # instead of whatever way you had proposed. At least this way you’ll still get it. Several years ago, the advent of Ethereum caused people to consider how everything could be “tokenized.” Well with ENS, everything can be wallet-ized. You can decide to what extreme you want to take it.

A Top Bored Ape Holder Embarks on NFT Loan Challenge

Bored Ape Yacht ClubFranklin, renowned holder of 47 Bored Apes, has set a public challenge for himself: borrow eth against Ape #6501 and try to beat out the interest accrued on the loan by flipping NFTs to a profit over the course of 90 days. Using NFTfi, Franklin quickly obtained 45 eth at a stated rate of 25% APR. That’s approximately $133,000 backed by a jpeg of an off-white-skinned grinning ape with detached eyeballs.

By his calculations, he now needs to play the NFT market in such a way that he earns 2.9 eth more than what he just got. NFTfi previously shared with deCashed that borrowers have had a pretty good success rate with doing just that.

“Almost all of [the borrowers] are making way more than that in return by putting that capital to work,” said NFTfi CEO Stephen Young. “Obviously it doesn’t always work out for people, but these are people using these things as financial tools as part of a broader strategy during in which that type of transaction makes sense.”

Since the ethereum blockchain is public, Franklin’s moves would be revealed whether he shared them or not. His reason for sharing, however, is so that nobody is left wondering. “I don’t recommend anyone borrowing money, I just tweeted my move since it would be shown on the blockchain that I have one less ape,” he tweeted

As a top-7 BAYC holder, it’s important that everyone knows the motivation behind his every move.

deCashed will be following his journey and will report back.

PPP & EIDL Funds Used to Buy Crypto Leads to Wire Fraud Conviction

arrestedLooking for reasons the price of Bitcoin and Ethereum shot up during the pandemic? Exhibit A: a county executive in Tennessee named George Thacker obtained $650,000 in covid relief funds through his local bank and the SBA and then deposited $230,000 of it into his personal Coinbase account, authorities say. He then used that money to buy Bitcoin, Ethereum, and other cryptocurrencies. Using the funds for personal purposes such as that were impermissible.

Thacker pled guilty to wire fraud charges yesterday. He faces up to 20 years in prison at sentencing.