The latest cryptocurrency news take us in the most popular basketball league in the world – the NBA – and the team of Dallas Mavericks which is the second to accept Bitcoin (BTC) as means of payment for match tickets and merchandise.
As a tweet from the cryptocurrency payment processor BitPay confirmed, the Mavs are finally accepting BTC payments for tickets and memorabilia items. This confirms that cryptocurrency adoption has been on the horizon for the team since early last year. This has a lot to do with the fact that the owner of this team is Mark Cuban, a famous investor and a recent Bitcoin advocate.
As the billionaire tech investor hinted, fans would soon be able to use Bitcoin to buy tickets and other items for any Dallas Mavericks games. A year and a half later, this is reality and Cuban’s plans seem to have materialized. The news that Mavs join their NBA rivals – the Sacramento Kings – in accepting Bitcoin have been featured on many best cryptocurrency news sites.
As an excerpt from a Dallas Mavericks press release shared by some industry sources showed, the Dallas Mavericks (just like their rivals) will be using BitPay’s services to process the Bitcoin payments coming from their fans.
If bitcoin is your thing, you can now use bitcoin to purchase tickets & merchandise for the Mavs pic.twitter.com/a4Gc0O6J1T
— Isaac Harris (@IsaacLHarris) August 13, 2019
Meanwhile, the altcoin news show that Cuban’s prior involvement in the crypto space includes investments in both digital currency hedge funds and an ICO, accompanied by the launch of the Ethereum based Mercury Protocol back in August 2017. The investor and head of Dallas Mavericks has voiced his opinion and showed that Facebook’s Libra cryptocurrency is a big mistake and could even be dangerous. However, his optimistic BTC side was best seen this month, when he said that Bitcoin is fundamentally similar to gold from an investor’s perspective.
So far, sports have showed an increasingly fertile ground for bringing blockchain and cryptocurrency to a vast audience. Yesterday, the news showed that the iconic American boxer Mike Tyson is leading a new blockchain powered cross entertainment venture and fan token ecosystem which aims to support aspiring young fighters to succeed.
Aside from Dallas Mavericks supporting the Bitcoin ecosystem the blockchain platform Socios.com has been home to a range of partnerships with leading international soccer teams such as the football clubs Paris Saint-Germain, Italy’s Juventus and the United Kingdom’s West Ham United
Bitcoin Breaks 5-Day Long Trend Reaching $9,800 Support Level
Many Buyers Lined Up For The Four-Figure BTC: But Where Is Bitcoin Heading?
“We have been forming an ascending bullish triangle, and also and inverse HS Pattern, which very soon will make $BTC go up. The purpose with this move is to kill some shorts, before we go down again. Remember that we are in a huge descending triangle," said the user D4rkEnergY on Twitter.https://twitter.com/D4rkEnergYYY/status/1164769200902033408 For now, the highs are creeping up and there are many buyers lined up - so a move to the next resistance level around $10,400 is crucial at this point. On the downside, there is clear support at around $9,800 and more in the mid-$9k region which has been hard to crack in the recent weeks. Analysts in the coming altcoin news warn users that nobody should panic now - even though the fear and greed index fell to 5 yesterday (which was lower than the 2018 bottom in mid-December when BTC was at $3,200). The famous crypto pundit and web security mogul John McAfee also had his say while many buyers lined up to buy BTC. McAfee remains resolute and agrees that the current level of fear is unnecessary. He wrote:
“Bitcoin jitters? Just stop it! Short term fluctuations are meaningless. Bitcoin is still up almost 300% from 6 month’s ago. Everytime there’s a dip I have to calm people in replies, DMs, etc. GET A GRIP! You know in your heart Bitcoin cannot lose. Relax!”https://twitter.com/officialmcafee/status/1164491430091513856
Another Exchange Says Goodbye To The Cryptocurrency Operations
"The Company has been considering for various possibility of the customers who has not accepted the contract succession, however, we announce here that the Company has came up to the conclusion to discontinue our cryptocurrency exchange business once we complete the refunds for all customers who possess remaining balance which refunds can be made," Tech Bureau said, without providing more information about the date when it will be closing.The latest cryptocurrency news show that the FSA recently confirmed that Zaif is another exchange which is forced to close because of hacks. Nikkei says that Tech Bureau will now focus on "blockchain development." Meanwhile, another exchange in South Korea - and a member of the "big four" there - named Coinone is shutting down its Malta-based Coinone Global Exchange (CGEX) on September 18. This comes in less than a year after it opened, and the operator said that it had "decided" that it “could no longer maintain service."
Binance Thinks Funds Are ‘SAFU’ Following Amazon Web Services Withdrawal Error
“It's causing some 500 error messages on APIs and affecting some withdrawal processing.”Binance thinks funds are safe - but it just recovered from a publicity scarce which involved a self-proclaimed hacker alleging that he had access to the users Know Your Customer (KYC) data. The alleged data leak made Binance very insecure and many best cryptocurrency news sites also talked about the previous hack which was funds worth $41 million leaving the platform due to a security issue. All of this sparked a weeklong maintenance shutdown and payouts to the affected users. However, Binance thinks that it is in a good place now - right after it announced that it is working on a new cryptocurrency project named Venus. As the altcoin news showed, Venus is going to rival Facebook and its controversial Libra coin. Meanwhile, the market has stabilized from the yesterday drop and is at a combined total value of $265 billion at press time. Bitcoin is trading at $10,160 and most of the altcoins are recording gains of 1% to 2%. Bitcoin's dominance is still strong, standing at 68.4%.
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