Golden State Warriors Launches an NFT Collection, Accepting Only ETH as Payment

Golden State Warriors Launches an NFT Collection, Accepting Only ETH as Payment

The Golden State Warriors have become the first professional sports team to launch an NFT collection.

The officially licensed digital collection called Golden State Warriors Legacy NFT Collection commemorates the team’s six NBA championships and includes digital collectibles of their most iconic games in franchise history.

A portion of all proceeds from the auction, which is currently live, will go to Warriors Community Foundation. The auction ends on Sunday, May 2, at 8 p.m. PDT.

The auction is happening on OpenSea and accepts only the cryptocurrency ETH as payment.

The collection consists of two special series minted on the blockchain, the Warriors Championship Ring NFTs and the Commemorative Ticket Stub NFTs designed by artist Black Madre.

Its Championship Ring NFTs collection features six of them, with those from 1947, 1956, and 1975 having 25 editions each while the latest ones from 2015, 2017, and 2018 have 50 editions each, along with a 1-of-1 Warriors Six-Time NBA Champion Ring.

“The digital collectibles excitement is palpable,” said Warriors Chief Revenue Officer Brandon Schneider. “We see NFTs and digitization of our business as a mainstay to engage our fans around the world.”

Meanwhile, its Ticket Stub NFTs are limited to 10 editions, each with a special edition combining 75 years of historical moments into a 1-of-1 ticket stub NFT.

While the mainstream world is enjoying the NFT mania, in the crypto world as well, the leading crypto exchange Binance will launch its very own NFT marketplace.

To be launched in June, Binance NFT will involve a “Premium Event” that will have the most sought-after collaborations and a “Trading Market” to allow everyday users to easily create NFTs at a minimal cost. Helen Hai, Head of Binance NFT said,

“Our aim is to provide the largest NFT trading platform in the world with the best minting, buying, and exchanging experience by leveraging the fastest and cheapest solutions powered by Binance blockchain infrastructure and community.”

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Author: AnTy

Hong Kong Restaurant Starts Accepting Bitcoin, Ether & other Cryptos as Payment

Hong Kong Restaurant Starts Accepting Bitcoin, Ether & other Cryptos as Payment

The growing crypto adoption has been following China calling BTC and stablecoins “investment alternatives” and the local publication talking about the warnings of a dangerous bitcoin bubble being misleading.

A restaurant in Hong Kong is now accepting cryptocurrencies as a form of payment.

This move has been made by Max Levy’s Japanese fusion restaurant Okra Hong Kong because of poor business during the coronavirus pandemic and exorbitant bank fees in the city.

On Wednesday, the restaurant started accepting payments in Bitcoin (BTC), Ether (ETH), Ripple (XRP), BNB, and BUSD stablecoin, reported South China Morning Post, an English-language newspaper owned by Alibaba Group. The move away from cash is expected to improve the balance sheet. He said,

“If we were keeping just a small amount of our revenue, even if it’s just 1% of our monthly revenue, in some form of crypto, then yes, it’s a risk that the cryptocurrency could go down, but it’s also a possible high reward even if those currencies go up just 3 or 4%.”

It was on losing the electronic access to the restaurant’s bank account for 10 days because the security token device the bank had issued him ran out, and the bank did not rectify the problem that Levy decided to accept crypto.

Making the transactions over the counter, which the bank suggested, incurs a fee of HK$50 (US$6) each time, and the restaurant does over 60 transactions on the account every month. He said,

“Here in Hong Kong, I think anyone that’s lived here and has owned and operated a business has definitely had to deal with more than one currency on a regular basis, whether it’s just Hong Kong dollars to US dollars or whether it’s Hong Kong dollars to yuan. So, I mean, there’s always a risk involved.”

Levy expects at least 25% of his customers, up to 1,000 people every month, to pay with cryptos by the end of the year.

This crypto-forwardness came right on the heels of SCMP reporting on the warnings of a dangerous bitcoin bubble being misleading. The opinion piece says not only the unique sector bounced back from a series of crashes and continues to set new highs, but there is also increasing institutional interest in bitcoin despite the intense volatility.

Interestingly, last week in a rare and progressive move, the deputy governor of the PBOC called bitcoin and stablecoins “investment alternatives.”

“They are not currency per se. And so the main role we see for crypto assets going forward, the main role is investment alternative,” said Li Bo, a first from the Chinese government recognizing the asset value of cryptocurrencies.

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Author: AnTy

“We are Believers in Bitcoin,” says Oakland A’s President on Accepting BTC & HODLing it

“We are Believers in Bitcoin,” says Oakland A’s President on Accepting BTC & HODLing it

The MLB team is currently focused on Bitcoin only, but open to other cryptos like Ether and DOGE as well, “if it catches on.”

American professional baseball team Oakland Athletics is now accepting Bitcoin as payment for the tickets.

Talking about this development, Dave Kaval, president of the Oakland A’s, revealed that it has been on the back of the fans’ demand.

“We had heard from our fans that they are interested in paying with crypto, and we have heard it for six or eight months.”

And they decided to put one of their products or suits on sale for Bitcoin, but Kaval said so far, “we have not had a transaction yet.” However, they have had more than 100 inbound inquiries.

“We have until next Thursday to get people on board. I am hopeful we get two or three. There are 10 suites we set aside for this. Hopefully, we get two or three by opening days. We are right at that moment where hopefully it comes through.”

What’s more interesting is that Oakland A’s plans to hold any BTC that they receive; as Kaval said, “we are believers in it.”

This week, Elon Musk also announced that Tesla now accepts Bitcoin, and any BTC received will be held instead of converting into fiat currency.

“Hopefully continues to go up. Maybe we can sign some big free agents with some of the proceeds. Who knows.”

Trading around $54,800, BTC/USD is up 86.5% YTD and has rallied 13.5x from March lows.

So far, the focus is on accepting only Bitcoin BTC 2.47% Bitcoin / USD BTCUSD $ 55,974.94
$1,382.582.47%
Volume 47.26 b Change $1,382.58 Open $55,974.94 Circulating 18.67 m Market Cap 1.04 t
11 h “We are Believers in Bitcoin,” says Oakland A’s President on Accepting BTC & HODLing it 1 d ‘Too Much’ Bitcoin Supply Is In Search of Yield Reveals True Inherent Yield on Crypto Assets 1 d ‘Nothing has Really Changed’ in the Crypto Market, Despite the Weak Price Action
and no other crypto like Ethereum ETH 1.68% Ethereum / USD ETHUSD $ 1,716.41
$28.841.68%
Volume 18.1 b Change $28.84 Open $1,716.41 Circulating 115.23 m Market Cap 197.78 b
11 h “We are Believers in Bitcoin,” says Oakland A’s President on Accepting BTC & HODLing it 1 d Alonzo Hard Fork to Bring Smart Contract Compatibility to Cardano (ADA) In April 1 d SushiSwap Launches A ‘Game-Changer;’ BentoBox’s 1st DApp Is Kashi Lending & Margin Trading
and Dogecoin DOGE 1.44% Dogecoin / USD DOGEUSD $ 0.05
$0.001.44%
Volume 753.84 m Change $0.00 Open $0.05 Circulating 128.93 b Market Cap 7.01 b
11 h “We are Believers in Bitcoin,” says Oakland A’s President on Accepting BTC & HODLing it 2 d Tesla CEO Now Sets His Eyes on DeFi, But The Elon Effect on Price Is Absent 3 d Free Crypto Trading App Robinhood Files S-1 Paperwork With SEC to Go Public
. “But if it catches on, we are open,” he added.

For the processing, they are using BitPay, a bitcoin payment service provider, which also supports Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE), and four USD-pegged stablecoins viz. GUSD, USDC, PAX, and BUSD.

As BitPay supports other cryptos too, Oakland A’s is open to accepting altcoins as well.

Besides Bitcoin, Oakland A’s also like blockchain and are looking into non-fungible tokens (NFTs). They are also ready to start housing fans going into the full season, starting with a 20% capacity.

“It will be great to have the energy and excitement. Hopefully, we can build on that and end up with a full stadium by halfway or partially through the year.”

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Author: AnTy

American Residential Warranty (ARW) Investing in Bitcoin & Accepting Crypto Payments

American Residential Warranty (ARW) Investing in Bitcoin & Accepting Crypto Payments

American Residential Warranty (ARW) is the latest to join the cryptocurrency industry by investing in Bitcoin, which is nearing its all-time high.

ARW provides home warranty plans, electronics protection plans, and home security systems. It is partnered with the likes of AIG, Amynta, and Asurion and serves in all 50 states.

Bitcoin investment is part of the company’s capital allocation strategy, which is a mix of low-risk, short-term liquidity vehicles and medium to higher-risk securities for longer-term investments.

The decision to invest in the leading digital currency, which has a trillion-dollar market cap, has been in part following in the footsteps of an influx of major companies like Tesla, Square, and MicroStrategy investing in digital assets and part diversification to boost the returns.

“The company made the strategic decision to invest in Bitcoin to expand our investment portfolio and boost returns on cash,” said Josh Brauser, Chief Revenue Officer at American Residential Warranty.

Trading above $56k, Bitcoin price has soared about 14x from its March lows.

Additionally, the company plans to accept Bitcoin payments from its increasingly tech-savvy customers and join other businesses around the world embracing this “new era of global currency.”

The company noted in the official announcement that with cryptos “quickly” becoming a part of our everyday lives, recording millions of daily worldwide transactions, American Residential Warranty is joining the ranks of other major companies adopting crypto payments like Microsoft and Tesla.

This move, the company said, would signal that ARW “is a tech-forward company adapting quickly to emergent technologies.”

For crypto payment capabilities, the company works with gateways like BitPay or CoinPayments and crypto exchange and custodian Gemini to invest directly in Bitcoin.

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Author: AnTy

Auction House Christie’s Is Accepting Ethereum for the First Time for Digital Art Sale

Auction House Christie’s Is Accepting Ethereum for the First Time for Digital Art Sale

Christie’s, the world’s leading auction house established in 1766, will start accepting the cryptocurrency Ethereum (ETH) as payment.

This decision came following the announcement that it will auction a work by Beeple, “Everydays: The First 5000 Days,” in a standalone sale that will run from Feb. 25 to March 11.

“Christie’s is excited to announce that, for the first time, it will accept Ether as a payment option for the sale of beeple’s ‘First 5000 Days.’ We are grateful to beeple +makersplace for its partnership on this monumental sale,” shared the auction house on Twitter.

While the principal price would be accepted in Ether, the premium, which is their fees, will be paid in dollars.

“We’re at this precipice where crypto is going to be such a more established and mainstream mode of conducting business,” Noah Davis, the Christie’s specialist who’s organized the auction, told Bloomberg.

“With this [sale], I think it’s the perfect way to dip our toes in and give this a shot.”

According to analyst Mati Greenspan, it isn’t about the top auction house accepting crypto for art, “In fact, you might call it a revolution.”

Digital artist Beeple, whose real name is Mike Winkelmann and has 1.8 million Instagram followers, put out a digital artwork last October. Each of the 100 editions cost $1, and they were sold out in less than a second. Beeple said about this mania,

“The rabbit hole of possibilities that this is going to bring to the art world—I don’t think people are fully recognizing that this is going to be a massive, massive shift.”

Non-fungible tokens (NFT) have exploded in popularity over the last few months, some pieces being sold for as much as millions of dollars.

“NFTs are now going mainstream, and the innovative gameplay is worth learning,” noted Jau Hao, CEO of crypto exchange OKEx, who said, “we need more liquid NFT markets for mass adoption.” Hao added,

“Leveraging the VR and the open-world gaming market to build a digital realm during the pandemic is another way we can bring NFTs to the masses.”

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Author: AnTy

Dubai Government-Owned Licensing Firm Starts Accepting BTC, ETH, & USDT as Payments

Dubai Government-Owned Licensing Firm Starts Accepting BTC, ETH, & USDT as Payments

“Cryptocurrencies are the payment method of the future,” said Tasawar Ulhaq, CEO of Kiklabb.

Dubai government-owned licensing solutions, Kiklabb, has started accepting cryptocurrencies as a payment option for the trade licenses and visa fees.

The supported digital currencies include Bitcoin (BTC), Ethereum (ETH), and the stablecoin Tether (USDT), reported a local publication.

Besides paying with a digital asset, the firm allows its customers to register for Dubai trade licenses remotely just using their smartphone. Tasawar Ulhaq, CEO of Kiklabb said,

“We’ve seen growing interest in cryptocurrency, with several customers in the blockchain and fintech sectors part of the Kiklabb community. So it really was just a matter of time before we recognised Bitcoin, Ethereum, and Tether. Cryptocurrencies are the payment method of the future.”

Ulhaq further shared that they are the first government-owned licensing entity in the UAE to accept cryptocurrency payments. Still, it expected this trend to only continue as the technology rapidly gains traction across the Middle East.

“I’m eager to see how it changes the way we do business in the near future,” he added. “We’re in talks with high-profile players in the cryptocurrency sector who are exploring entry into Dubai.”

The region has a robust community of local and international companies working in the cryptocurrency sector in the fields of education, healthcare, and food technology.

Cryptocurrency adoption took over the starting 2020 when the coronavirus pandemic made digital payments a necessity. This year, this is continuing even at a faster pace, with big giants also joining in.

Besides companies, even cities and municipalities are taking an increased interest. Miami has already voted to start using Bitcoin for city government transactions and even add it to their Treasury to attract tech companies to the area.

While Mayor Francis Suarez is looking to turn Miami into a tech hub as he said, “It’s wonderful to be a very ‘crypto-forward’ city in the city of Miami,” Commissioner Joe Carollo, who voted against the plan, said, “I can’t drink the Kool-Aid on this one.”

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Author: AnTy

Food Delivery Giant, Just Eat, Starts Accepting Bitcoin Payments

The online food order and delivery service, Just Eat is now accepting Bitcoin as a form of payment in France, in partnership with bitcoin payment provider Bitpay.

The official page of the company’s France website puts bitcoin as an added payment method besides cash, vouchers, PayPal, and credit cards.

Users can choose the bitcoin option to pay for their food when finalizing the order and which then gets redirected to the payment provider, Bitpay, to complete the process. Just Eat doesn’t charge any fees for the payments made in the digital asset.

In case of order cancellations, a user is refunded in Euros into a traditional bank account, and the rate applicable is the one applied at the time of the payment because Bitcoin has already been converted into Euros.

Home delivery services have become the way of the norm during the coronavirus pandemic, after the lockdown and social distancing forced people to go with these options because they couldn’t go out. Users have also switched to online modes of payment that have the use of cash declining.

Just Eat also recorded revenue of €1bn in the first half of 2020, thanks to this phenomenon. Consumers unable to dine out pushed the food delivery groups’ revenue increasing by 44% year-on-year.

The Netherlands-based platform recently also received the regulatory approvals for its acquisition of US food delivery venture Grubhub. With this merger, which was signed in June for $7.3 billion, will mark Just Eat’s expansion into the US market and is also expected to make it the world’s largest online food delivery company outside of China.

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Author: AnTy

Pornhub Adds Two More Cryptocurrencies As Payment Options for Premium Subscriptions

The popular adult entertainment website Pornhub has been accepting cryptocurrencies since 2018 and has now added Bitcoin (BTC) and Litecoin (LTC) to its payment options.

“To further expand our cryptocurrency options for Pornhub Premium, we’re excited to announce that we now accept Bitcoin & Litecoin as payment methods!” tweeted Ponrhub Premium.

Pornhub’s foray into cryptocurrency started with Verge (XVG) cryptocurrency in April 2018, following which the adult entertainment giant added support for Horizen (ZEN) and Tron (TRX) for its premium subscription.

In January this year, Tether (USDT) stablecoin was also added to the platform after PayPal abruptly withdrew service to Pornhub in November 2019.

Back in March, the company executive shared that about 10% of its performers are choosing to be paid in crypto through its Model Payment Program, Modelhub. However, the percentage of subscription payments made in crypto isn’t seeing much growth as it accounted for less than 1% of purchases made on the platform in Sept. 2018.

A couple of months back, Pornhub vice president Corey Price said in an interview that the crypto growth since introducing it as a payment option (after PayPal cut ties) has been steady. Moreover, anonymity benefits combined with high speed and low cost of transactions make digital currencies viable in the industry.

The company that saw a total of 42 billion visits in 2019 has also hired a crypto expert for its business development team.

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Author: AnTy

Thailand Sees The Launch Of Its First Legal ICO Platform via Seamico Securities

Thailand has come a long way in accepting the crypto market. After the initial idea to ban cryptocurrencies back in 2013, the country has now seen the launch of the first legal Initial Coin Offering (ICO) platform.

The announcement was made by Seamico Securities, which affirmed that its subsidiary SE Digital had opened the first ICO portal in the country. The company was able to get permission to launch the first legal ICO ever in the country. SE Digital’s goal is to raise around $66 to $100 million USD with the upcoming token sale.

SE Digital’s CEO Jesadavat Priebjrivat has affirmed that this will open a new page in the history of the country and that Thailand will become one of the first nations in the region to offer digital tokens in a fully legal way, something very important for the international consolidation of the country as a technology hub.

According to Stephen Ng, the Chief Marketing Officer of the company, this market is set to make Thailand much more competitive than it already is in the capital markets. This could create an influx of international capital go to the country, which is why it is so important to innovate.

The company is set to offer several important services related to ICOs, such as advisory, access to secondary markets such as OTC desks, Know Your Customer (KYC) procedures and help with the launch.

Educational programs are also going to be done. Their goal is to make partners and regulators understand as much as possible from the field. ICOs are still new in the country, so not everybody is very exposed to them. This means that this is an important step to achieve better results down the road.

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Author: Gabriel Machado

South Africa’s Payfast Payment Company Stops Accepting Bitcoin (BTC) Due to Fees and Speed

South-Africas-Payfast-Payment-Company-Stops-Accepting-Bitcoin-BTC-Due-to-Fees-and-Speed

In an unfortunate turn of events, PayFast, the first-ever online payment gateway accepting Bitcoin (BTC) in South Africa, called time on BTC payments citing fundamental technical issues in the blockchain and a hitch in user-friendliness.

  • PayFast set to stop Bitcoin (BTC) payment channel on July 20th 2019.
  • High transaction fees and slow confirmation times reasons for the halt.
  • Merchants asked to remove any logos and references to Bitcoin.

“Unfortunately there are a number of limitations and design flaws unique to Bitcoin that make it an impractical substitute for cash, including high transaction fees and long confirmation times for buyers. We’ve tried various ways to mitigate these problems, but unfortunately, these issues are fundamental.” – PayFast Statement

PayFast Halts BTC Payments Channel

An announcement on the official PayFast blog on Friday 12th, 2019 confirms the payment service firm will stop all BTC payments on 20th July 2019, next week Saturday. Bitcoin is struggling to function as a day to day currency usable in a fast and efficient manner as the slow confirmation speeds and high transaction costs hamper adoption.

The broadcast explains that the company had tried various means to make the payment system work but to no avail, citing fundamental issues underlying the blockchain. This brought about an end to the first-ever Bitcoin payment gateway in South Africa.

The company partners with a local Bitcoin exchange, Luno exchange, acting as an intermediary between users and PayFast. Once a user pays the amount at a PayFast accredited merchant in BTC, Ludo facilitates the trade between the user and PayFast. The BTC/ZAR rate is locked down for a period of 10 minutes as confirmations take place to avoid the wild price swings of BTC.

However, in the past few months, the interest in Bitcoin has caused increased confirmation times and high transaction fees across the networks. Bitcoin’s median confirmation time oscillates reaching up to 14 minutes which caused a disruption in users payments to PayFast merchants. The report further states,

“In addition to the frustration that buyers experience when their payments fail, Bitcoin users may also incur a non-refundable fee for every attempted payment. This is the fee the network charges to process a transaction.”

This causes a payment risk on part of the buyers who may lose the transaction fee despite the payment not going through.

Bitcoin a Safe Haven Not a Currency!

Despite the continued calls from Bitcoin maximalists on the use of Bitcoin as a currency, it is becoming clearer that the digital asset is better suited as a safe haven rather than a currency. BTC is currently trading below $11,000 USD mark, signaling a further 5% dip in the past 24 hours, as at time of writing. Despite the fall in price from a high $13,700 USD in the past week, the asset is one of the best performing asset in the world in 2019 growing by 230%.

PayFast is however not abandoning the idea of crypto payments altogether. The report reads that the company is focusing on faster payment methods saying,

“At PayFast, we’re eagerly following the developments of cryptocurrencies and the supporting technologies that are aiming to enable faster payments. As soon as these become workable alternatives, we look forward to supporting cryptocurrencies as a payment method in the future.”

The move by PayFast raised different reactions from the public –some agreed with the move stating the need for a faster and better technology while others condemned the move saying the company “does not understand how Bitcoin works”. An obvious candidate to replace BTC on PayFast was suggested by the public – Bitcoin Cash (BCH).

Can BCH replace BTC on PayFast?

While Bitcoin lags behind in enabling fast payments across the blockchain, Bitcoin Cash (BCH) provides a fast payment system with penny transaction fees for PayFast. BCH is aiming to take over the ruins from BTC as its properties solve the BTC scalability and transaction speed problems. One BCH supporter aims to see BCH on the PayFast payment options. He claims,

“I have made zero payments with BTC in the past 3 years, but dozens with BCH with no issues and paying pennies in fees. If you add BCH you will have my business.”

The de-launch from PayFast comes at a time the Lightning Network, a second layer platform enabling instant BTC payments, launched the Android and iOS apps.

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Author: Lujan Odera