Day: October 11, 2019

FC Bayern Munich Announces Digital Token to Boost Fan Engagement

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Germany’s FC Bayern Munich has become the latest football club to announce blockchain-based merchandise for fans. As reported Oct. 11, the club will partner with Stryking Entertainment to produce digital collectibles of its players. Play FC Bayern Munich past vs. present The collectibles will take the form of digital player cards with the likenesses of FC Bayern Munich players, past and present. Stryking is also creating a fantasy-league style challenge for the cards, offering a gameplay aspect to the collectibles. Fans can build virtual squads and play each other with…

Bitcoin Fails at Key Price Hurdle, Risks Return to $8,000

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Bitcoin is facing further losses after the bulls failed to capitalize on price gains seen this week. The cryptocurrency’s quick pullback from a 2.5-week high of $8,830 to below $8,400 this morning has invalidated a bullish breakout on the 4-hour chart seen Wednesday, as seen below. 4-hour chart The failure to hold above the 200-day moving average (MA) at $8,654 has also weakened the bullish outlook on the daily chart and may have shifted risk in favor of a drop to $8,000 in the next 24 hours. Daily chart Bitcoin crossed the…

New App Bottle Pay for Sending Bitcoin via Social Media Raises $2M

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A U.K. tech firm has raised a £1.6 million ($2 million) investment for an app that allows users to send Bitcoin (BTC) using their social media accounts. As reported in the North East Times, Oct. 11, Newcastle company, Block Matrix, received the funds to further develop its Bottle Pay platform. “Allow everyone to use Bitcoin” The Bottle Pay platform lets users transfer Bitcoin using their social media accounts. This enables payments to any social media contact regardless of whether they have a Bottle Pay account. The Bottle Pay app will…

New App Bottle Pay for ‘Sending Bitcoin via Social Media’ Raises $2M

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A U.K. tech firm has raised a £1.6 million ($2 million) investment for an app that allows users to send Bitcoin (BTC) using their social media accounts. As reported in the North East Times, Oct. 11, Newcastle company, Block Matrix, received the funds to further develop its Bottle Pay platform. “Allow everyone to use Bitcoin” The Bottle Pay platform lets users transfer Bitcoin using their social media accounts. This enables payments to any social media contact regardless of whether they have a Bottle Pay account. The Bottle Pay app will…

If Bitcoin Fails, Crypto Industry in for a Bad Time: Cardano Founder

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Ethereum (ETH) co-founder turned Cardano (ADA) creator Charles Hoskinson believes that if Bitcoin (BTC) fails, the entire cryptocurrency industry could fail. Hoskinson made his remarks during an interview for the Off the Chain podcast on Oct. 10, hosted by Morgan Creek Digital Assets co-founder Anthony Pompliano. After multiple projects that included co-founding Ethereum, Hoskinson — a mathematician, cryptographer and entrepreneur — founded the peer-to-peer technology firm Input Output Hong Kong (IOHK) in 2015.  As CEO of IOHK, Hoskinson created and launched the cryptocurrency Cardano in 2017, which uses a Proof-of-Stake…

Bitcoin Payments in Alipay Banned as Payments Giant Takes Anti-Crypto Stance

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Digital payment arm of Chinese e-commerce giant Alibaba, Alipay, takes an anti-cryptocurrency stance and bans all Bitcoin and cryptocurrency transactions on its platform. Alipay has indicated that it will ban Bitcoin transactions and all others related to cryptocurrency payments. In what seems like an extension on the cryptocurrency war that the Chinese government is waging, the electronic payments giant said in a tweet thread that it would terminate all cryptocurrency-related transactions. If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant…

Bitcoin.com Partners with Canada’s Bravio for Bitcoin (BTC) and Bitcoin Cash (BCH) Lotteries

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Bitcoin.com has teamed up with Canadian gaming platform Bravio Tech to launch global lotteries in Bitcoin (BTC) and Bitcoin Cash (BCH) according to an official announcement, October 9. The initiatives are part of a mutual effort to boost Bitcoin Cash’s (BCH) adoption while exploring new innovative products for the e-gaming industry. A New Lottery Game Experience Bitcoin.com, a leading web portal in the Bitcoin Cash (BCH) services market, has just announced a new partnership with Canadian online sweepstake lottery company Bravio Technologies to deliver a new gaming experience to their…

B2C2 Unveils Bitcoin-Settled Gold Derivatives Product 

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B2C2, a leading cryptocurrency over-the-counter (OTC) liquidity provider to financial institutions, has announced the launch of its gold derivatives product which it says is priced and settled in bitcoin. The firm claims the first-of-its-kind product will enable institutional investors to synthetically trade gold on its Financial Conduct Authority (FCA) approved OTC desk, according to reports on October 10, 2019. B2C2 Introduces Gold-Bitcoin Derivative In a bid to make it possible for its institutional clients to easily trade gold on its regulated OTC desk without having to hold the underlying physical…

Thailand’s First Regulated ICO Portal Targets $98M Token Offering

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SE Digital, a subsidiary of major financial services firm Seamico Securities, has been confirmed as the first initial coin offering (ICO) portal operator to be approved by Thailand’s securities regulator. According to an Oct. 11 report from The Bangkok Post, SE Digital plans to launch Thailand’s first investment token, with a target transaction size of 2-3 billion baht or roughly $65,800,000-$98,700,000. Moreover, Seamico Securities’ strategic investor, Elevated Returns, has reportedly applied to the Thai Securities and Exchange Commission (SEC) for a Digital Assets Exchange License to launch a new trading…

Google’s ‘Quantum Supremacy’ Has No Impact on Bitcoin

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Bitcoin (BTC) has “zip” to fear from the latest advances in quantum computing from Google, one of the industry’s best-known figures has confirmed. The effect on Bitcoin? “Zip, bupkis nada” Speaking as part of a Q&A session on Oct. 10, Andreas Antonopoulos poured cold water on fears Google’s recent quantum computing success could impact cryptocurrencies such as Bitcoin. “What is the effect on mining and the cryptocurrency world in general? Zip, bupkis, nada, nothing really happens,” he summarized. As Cointelegraph reported last month, Google had announced it has used a…