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Aug 27
Houston Rockets and Bitcoin

Houston Rockets is Associated with Bitcoin

By News & more No Comments

As many of you may know there have been many statements coming from reputable persons reflecting on the BTC price. The special accent was given to advantages of investing in Bitcoin. Recently, the General Manager of Houston Rockets advocated for the buying of cryptos. Hence, Houston Rockets is associated with Bitcoin.

Cryptos and Its Advantages

There are always experts advocating for or commenting on cryptocurrencies. However, nothing can compare with the news of a famous person adopting the usage of cryptos. It promotes reputability and reliability of trading and investing in cryptos.

Daryl Morey, the General Manager of the Houston Rockets basketball team, has reportedly stated that he had bought more BTC. The Internet exploded.

What this actually means? As we have written before, cryptocurrencies, and Bitcoin as the leader, serve as alternative means of payment. Their role proved to facilitate the money transfers. Moreover, as many experts claim, cryptos can take away the hassle of investing worldwide. Furthermore, the crypto world can be a safe place to trade if a person or a company is coming from economically suffering fiat markets. There have been many cases reported when a crypto market helped the people in need or the local economies that were in turmoil.

The main advantage of crypto usage is its anonymity and speed. The two things that businesspeople regard the most.

The Houston Rockets Example

In case of Houston Rockets Manager, we could say that it is not a surprise one team’s name is associated with the crypto currency. All cryptos function on blockchain. This technology provided the means for accurate, fast, and anonymous sharing of data in many industries. Sports people share the same dynamics. They also know that possibilities are limitless in both sports and finance.

Other Sports Examples

Houston Rockets is not the first team related to cryptos. Recently, we read about the case of Dallas Mavericks. This team accepted Bitcoin as the means of payment for tickets and merchandise.

Sacramento Kings was the first NBA team to recognize the potential of cryptos and to accept Bitcoin for tickets and promotional products.

Additionally, many individual sports stars have joined their names with certain cryptocurrencies. Remember Dennis Rodman and his “notorious” t-shirt when visiting Singapore? Or Lionel Messi and his endeavor with Sirin Labs? It was way back in 2017 and he issued an official statement saying:

“I am usually busy trying to decentralize defenses and after digging deeper into blockchain and decentralized systems, I’m excited to join Sirin Labs as an ambassador to make blockchain more friendly with their upcoming operating system for smartphones”

When a person with almost 130 million followers issues a statement of this kind, the marketing is basically developing on its own.

The Strange Example in the Formula 1 World

One of our favorites, apart from NBA and NFL teams, is the story of Red Bull Racing and FuturoCoin partnership. Reportedly, they team-up for a few years and will feature FuturoCoin logo on Aston Martin Red Bull Racing RB15, as well as on team transporters and drivers’ overalls. Interestingly, the value of Red Bull as a company has been estimated at $10.4 billion. Although the price of FuturoCoin showed some tumultuous trends in the past, the analysis does not predict the breakdown.

Cryptos can be unpredictable. However, when teamed up with prominent names and teams, the odds are on their side. We can only wait to see the outcome.

Do you think sports teams and cryptos are playing for a mutual cause?

Aug 20
cold storage cryptocurrency bitcoin

Cold Storage – The Best Way to Secure Cryptos

By Tips & Tricks No Comments

The online environment is very vulnerable to hacking and we have many examples of proving that every day. This is the main reason why people who have cryptos started thinking about the best way to secure them. They understand the importance of private keys and their keeping offline, away from the internet. Undoubtedly, the best way to store your cryptocurrencies safely is something called cold storage. Before you read about it, maybe you want to check out the best ways to secure Bitcoin wallet.

Cold storage simply means storing your crypto offline to reduce access to hackers. We know that if you hold your private keys then only you own your crypto coins. However, exchanges and third-party wallets hold your private keys on your behalf. This is a big risk because if something goes wrong with their servers, or if they decide to shut down, then your coins are gone forever. To avoid that risk more and more people use cold storage to secure cryptos. They can do this using several options for “freezing” coins.

Offline Hardware Wallet

It is the easiest way of storing cryptocurrencies offline. It is a small device designed like USB with a minimal digital interface capable of storing private keys. Most hardware wallets include extra security features and support holding multiple types of coins simultaneously.

Paper Wallet

If you are old-school type, maybe the paper wallet for cold storage of cryptos will be the right for you. As the name suggests it is a private key printed out on a piece of paper. This doesn’t mean that it is any less secure. Paper has no USB ports and no wifi because of that it is unhackable. It will store your coins safely and frozen until the time you want to use them.

Physical Coins

This is the one more way of cold storing cryptos. On physical coins “private key” is on a card embedded inside the coin and is protected by a tamper-evident hologram. It leaves behind a honeycomb if it is peeled. If the hologram is intact, the cryptocurrency is good.

Laptop or Desktop Wallet

These wallets only exist on your computer and because of that, they are one more safe way to cold storage of your cryptos. They can be used to export files of encrypted private keys in an offline environment. But, you must know that while receiving or sending fund through them, you are online.

 

Aug 12
jeremy gardner crypto millionaire

Crypto Millionaire Starts Reality Show About His Life

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Seems that one 27-year old crypto millionaire could be the next reality star. He is Jeremy Gardner, co-founder of Augur and the Blockchain Education Network who announced the project named “Crypto Castle Chronicles“.

It is Gardner’s self-funded Youtube series that will offer real insight into entrepreneurship, startups, and fundraising. In a description states that it is the most authentic “reality TV”. It follows the adventures of Jeremy “Gonzo” Gardner from his “Crypto Castles” in Miami Beach, San Francisco, and beyond. We will see Gonzo as he invests in and advises startups, and begins to build his newest venture, MadeMan. Also, we will have unparalleled insight into world investing, entrepreneurship, and blockchain technology.

Educational Reality Show

Gardner is perhaps best known as the main tenant of “Crypto Castles” an apartment in San Francisco and a mansion in Miami. These are the places where the blockchain industry heavyweights often sublet and party. Now, he explained to Coindesk that he wants to make educational reality TV. Gardner said his goal for the show is to educate the masses about cryptocurrency by following his personal journey.

The show doesn’t include any explainers, technical deep dives, or examples of him actually using bitcoin. But, he plans to added film bonus explainers and eventually transacts with bitcoin on the show.

It’s interesting how he explains why he decided to make this reality show.

“If you look at the two most powerful people in America, it’s probably Donald Trump and the Kardashians. How did they build their power base? Reality TV. It’s a real mechanism for providing thoughtful entertainment for the masses in a way they feel most comfortable digesting.”

Watch the trailer of this reality show with a young crypto millionaire in the main role below.

 

Jeremy Gardner is co-founder of Augur. It is a protocol for cryptocurrency users to create their own prediction markets. Augur is a set of open-source smart contracts that can be deployed to the Ethereum blockchain.

Aug 09
airplane blockchain platform

Etihad Airways Integrates Travel-Focused Blockchain Platform

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United Arab Emirate’s national airline has teamed up with a Switzerland-based blockchain startup to integrates Blockchain platform. Winding Tree, a decentralized business-to-business marketplace built on Ethereum will provide logistical support for Etihad Airways to provide its internal information systems, according to Coindesk.

This move is the attempt to explore using a blockchain platform to distribute products and services without the need for third parties. They currently manage its inventories like flight times, travel itineraries, and baggage tracking.

Winding Tree’s platform will allow corporates and institutions like airlines and hotels to publish available inventory to those customers directly. Currently, it is serving a number of airlines, hotels, and tourism offices globally. It’s including Air Canada, Air France-KLM, Lufthansa, Swissport, and Nordic Choice.

“We have been doing experiments and new solutions on the platform. Ultimately, that benefits the consumer. When there’s innovation, you start to have disruption. You have competition which results in better prices for the consumer“, Pedro Anderson, Winding tree’s chief operating officer told Reuters.

There is one more example of adopting blockchain technology in the world. Many international governments, airline companies, and airports are starting to adopt blockchain technology. We already wrote that Nevada is the latest US State to recognize the importance of moving to blockchain and introduces it to build a smart city.

 

 

 

Aug 05
Walmart announced the patents for future stablecoin

Walmart Announced the Patents for Future Stablecoin

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Just a few days ago, the giant retail company Walmart announced the patents for future stablecoin. The planned coin will be backed by US dollars. Analysts compare Walmart’s future coin with Facebook’s Libra. They especially stress one of the main features these two coins share. Namely, the ability to operate outside of their native retail scope.

Features of Walmart’s Future Stablecoin

The advantage of any project that Walmart launches is in the fact that it has a large coverage. Walmart reportedly has 11,368 hypermarkets in 27 countries worldwide. Whatever happens in Walmart spreads across the globe.

In its patent filing, Walmart reportedly stated that the creators of their coin would be Robert Cantrell, David Nelms, John O’Brien, and Brian McHale. The abstract states the following:

 “[The] method includes generating one digital currency unit by tying the one digital currency unit to a regular currency; storing information of the one digital currency unit into a block of a blockchain; buying or paying the one digital currency unit.”

As well as:

“The digital currency may be pegged to the US dollar and available for use only at selected retailers or partners. In other embodiments, the digital currency is available for use anywhere. The digital currency can provide a fee-free, or fee-minimal place to store wealth that can be spent, for example, at retailers and, if needed, easily converted to cash.”

The Main Advantage of Walmart’s Stablecoin

Apart from its wide coverage, the planned coin will reportedly offer very low fees. Additionally, that coin should provide for easy conversion to to cash.

Moreover, maybe the main advantage of this future Walmart coin is the fact it would flatter the households with low income. The families that fall under this category often find banking fees too high. This is where the Walmart coin comes in. It offers alternative ways to deal with assets. Furthermore, we should all keep in mind that Walmart provides most of the products every household need on daily basis. If we combine the low fees with available necessities, we get the winning combination.

Furthermore, Walmart’s coin should also pride itself with many other characteristics. Some of them are: “pre-approved biometric credit”, storing the user’s transactions history, or allowing for loyalty points. Additionally, there are predictions that Walmart coin could offer interest on savings accounts. This was sparked by the official announcement stating:

 “The savings can be greater when the customer buys goods that are on their shopping history and are therefore predicted.”

 Behind the Scenes of Stablecoin Announcement

Before announcing the plans to develop the coin, Walmart tried to enter the banking system by opening bank branches. However, many opposed to this and the project failed. The analysts stated that this was Walmart’s attempt to become an industrial loan company. This plan faced massive opposition. On the other hand, a company “Target” managed to get an approval to operate as an industrial loan company.

Nevertheless, Walmart kept its focus on payment processing that spread to supply chain management. Simultaneously, Walmart worked on development of blockchain. Now that the network is ready, the next step is to launch the native currency. Obviously, with a strong brand behind it, the future coin will aim high.

 

Do you trust Walmart to do good with its stablecoin?