Day: August 15, 2019

NBA Team Maverick Is Now Accepting Bitcoin as a Payment Method

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According to an official announcement made on Twitter on August 13, 2019, NBA team Dallas Mavericks, known as “the Mavs,” will start to accept bitcoin (BTC) as a payment method for game tickets and merchandise. Mark Cuban is a Man of his Word American professional basketball team Dallas Mavericks (often referred to as the Mavs) announced on August 13, 2019, that it is now the second NBA franchise to accept bitcoin as a method of purchase.  The “Mavs” will be the second NBA team to allow their fans to use…

Leading Latin America Investment Bank Joins Distributed Ledger Group

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Leading Latin America investment bank BTG Pactual joined the organizing committee of the Post-Trade Distributed Ledger (PTDL) Group. Alliance for blockchain use Industry news outlet LedgerInsights reported on Aug. 15 that Brazil-based bank BTG Pactual joined PTDL Group’s organizing committee. PTDL Group reportedly provides a platform allowing market participants to share information on blockchain and discuss applications in the financial services sector. According to its official website, PTDL Group includes nearly 40 financial institutions and prominent market infrastructure players. The organization also claims that it is playing a role in…

Mike Tyson’s Blockchain Startup Vows to Create a Brighter Future for Boxing Athletes

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The previous heavyweight boxing champion Mike Tyson, in his usual character, has decided to give back to the boxing community by empowering young fighters via blockchain technology. To create a brighter future for boxing fighters, one where they get to earn more, save more and enjoy a wider global recognition, Tyson joined hands with a blockchain-based entertainment platform, Fight to Fame, which is poised to do just that – help fighters fight their way to fame. Tyson released the following statement regarding the new partnership: “As a seasoned fighter, I…

Bitcoin Slips in Tandem with US Stocks; Still a Safe-Haven?

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Bitcoin fell by as much as 5.54 percent on Wednesday after bond markets warned the possibility of a recession is growing. The BTC/USD instrument today established a new local swing low of $9,470 on San Francisco-based Coinbase exchange. The downside price action brought the pair’s week-to-date losses to circa 18 percent. It nevertheless attempted a small recovery above the $10,000, a psychological resistance level during an uptrend, and succeeded. As of 11:25 UTC, the BTC/USD instrument was trading at $10,075. Bitcoin Price Continues Its Downside Correction | Image Credits: TradingView.com…

Blockchain Can Solve EV Charging Trust Problem

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Researchers at the University of Waterloo in Canada have used blockchain technology to improve trust in electric vehicle (EV) charging systems, reported academic publication portal EurekAlert on Aug. 14. This development could increase uptake and expand the overall charging infrastructure for electric vehicles. New ventures have no established trust relationships In general, an EV charging service provider will look for property owners to partner with and install charging points. Owners of electric vehicles can then use these for a fee, which is shared between the equipment supplier and the property…

Iran’s Flood Victims to Receive Bitcoin Donations via IranRescueBit

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Volunteers in Iran have launched a blockchain-based platform named IranRescueBit, to enable well-meaning individuals to send bitcoin (BTC) and altcoin donations to flood victims in the country amidst the current international sanctions imposed on the nation by the Donald Trump administration, reports Aljazeera, August 14, 2019.  Iran’s Flood Victims Hoping on Cryptos  Per sources close to the matter, independent volunteers in Iran have taken it upon themselves to alleviate the sufferings of victims of natural disasters with crypto donations, in the wake of the ongoing economic crisis in the region.…

Bitcoin Price Bounces Back to $10K on Fresh Bullish Sentiment

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Bitcoin (BTC) price regained $10,000 Aug. 15 restoring investor confidence just hours after touching a higher low of $9,500 compared to the $9,3000 dip in late July.  Bitcoin price embraces five figures Data from Coin360 shows BTC/USD put in a sudden rally on Thursday, gaining more than 5% in hours and subsequently holding onto support above $10,000.  Bitcoin 24-hour price chart. Source: Coin360 The latest break to the upside reinforced an already positive mood among traders and analysts, who earlier recommended not treating Bitcoin’s dip to four figures as proof…

After Monster Crash Bitcoin Flashes Loudest ‘Buy’ Signal in 8 Months

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Bitcoin traders are running scared after a brutal 13% price collapse. But smart traders have spotted a lesser-known buy signal. Source: Shutterstock By CCN Markets: Bitcoin plunged below $10,000 on Thursday after a violent three-day selloff. But now is not the time to panic. If history is anything to go by, now might be the best time to accumulate bitcoin. Zoom out to the longer-term charts and BTC is wildly ‘oversold’ according to the RSI indicator, which has accurately pinpointed bitcoin buying opportunities in the past. Last time RSI was…

Commerzbank Makes Milestone Blockchain Trade With Logistics Provider

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Commerzbank and Landesbank Baden-Württemberg (LBBW) have completed another milestone trade on the Marco Polo platform. As reported Aug. 15, on this occasion, logistics provider Logwin AG was integrated into the digital process chain, digitally and in real time. Same same but different As with an earlier transaction, the trade took place between German supplier, KSB, and Taiwanese mechanical engineering group, Voith. Another shipment of special hydraulic couplings was delivered using blockchain technology via the Marco Polo trade finance network. However, for the first time ever this transaction included the integration…

Bitcoin ETF Still Coming as SEC Concerns Largely Solved

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The CEO of crypto index fund provider Bitwise Asset Management says he’s still positive about the prospect of United States regulators approving a crypto exchange-traded fund (ETF). CEO Hunter Horsley made his remarks during an interview together with Bitwise’s global head of research Matt Hougan for Bloomberg UK on Aug. 15. Seemingly endless deferral As reported, Bitwise filed its latest ETF application with the United States Securities and Exchange Commission (SEC) in January of this year.  This week, the regulator postponed its decision on the proposal — together with two…