NBA’s Dallas Mavericks Tickets to be Sold via Bitcoin

The owner of Dallas Mavericks basketball team tweeted that tickets to NBA games of the team will start selling for Bitcoin from the next season
17 January 2018   798

The tickets to Dallas Mavericks, an American professional basketball team based in Texas, and a member of the National Basketball Association (NBA), are reportely going to be sold for Bitcoin starting from the next season.

Mark Cuban, an American businessman, investor and the owner of the National Basketball Association's Dallas Mavericks team, has been asked about accepting cryptocurrency for games tickets by multiple users, and on January 16 he tweeted that the fans will soon be able to purchase Mavericks tickets with Bitcoin.

Mark Cuban tweet towards bitcoin paymentsMark Cuban tweet regarding BTC payments

The Dallas Mavericks will not be the first basketball team to accept BTC as means of payment for the tickets, as Sacramento Kings team has been accepting BTC cryptocurrency from 2014, letting users buy tickets along with promotional goods with BTC.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $10 412,70
  • Marketcap: $175 020 045 728
  • 24h volume: $16 320 200 000

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   195

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.