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Chiliz $CHZ Growth Continues With Trio of New Listings

01/03/2021 by Idelto Editor

Chiliz Announces Trio of $CHZ Listings on Bitcoin.com Exchange, HitBTC and Changelly

  • Chiliz $CHZ – the digital currency for sports and entertainment – has announced listings on the Bitcoin.com Exchange, HitBTC and Changelly platforms.
  • Chiliz is the on-platform currency of fan engagement platform Socios.com, which is built on the Chiliz blockchain infrastructure. Socios.com allows sporting and entertainment organisations to monetize their global fanbases through digital assets known as Fan Tokens.
  • 23 major sporting organisations have partnered with Socios.com to launch Fan Tokens including FC Barcelona, Juventus, Paris Saint-Germain and AC Milan. Many more major clubs will launch Fan Tokens in 2021.
  • Several Fan Tokens have already been listed on major exchanges, with the Fan Token market cap currently exceeding $194M USD.

PRESS RELEASE. Chiliz ($CHZ) – the leading digital currency for sports and entertainment, will be listed on the Bitcoin.com Exchange on March 03rd at 10am UTC. CHZ will be listed on Changelly in one week’s time. In addition to these two listings, CHZ also went live on HitBTC recently. Chiliz will be available on all three platforms in BTC to CHZ and CHZ to USDT pairs.

Chiliz $CHZ is the on-platform currency of fan engagement platform Socios.com, which enables sporting organisations to engage with and monetize their global fanbases through digital assets called Fan Tokens.

23 major sporting organizations have partnered with Chiliz to launch Fan Tokens on Socios.com, including FC Barcelona, Juventus, Paris Saint-Germain, AC Milan, AS Roma, Atlético de Madrid, Galatasaray and Trabzonspor. Leading esports organizations Team Heretics, NAVI, OG and Alliance have all launched Fan Tokens on the platform, while UFC have signed a global fan engagement agreement and fellow MMA organisation the Professional Fighters League will launch a Fan Token in the coming months. More major clubs are set to launch Fan Tokens in the near future.

Socios.com is one of the most active non-financial, consumer-facing, mainstream blockchain products in the world and in just over a year it has been downloaded by more than 500,000 people.

Fan Tokens generated over $30M USD in revenue in 2020 that was shared with Socios.com clubs and partners. In late December and early January several Fan Tokens were listed on major global exchanges driving significant activity, with Paris Saint-Germain ($PSG) and Juventus ($JUV) trading volumes hitting a 24 hour high of $300M in late December.

Founded in 2018 Chiliz ($CHZ) is a fintech blockchain company that provides sports & entertainment entities with tools to help them engage & monetize their global audiences. The company has multiple office locations around the world, including Malta, France, Turkey, Korea and South America and employs nearly 100 staff. In 2021 the company will open new Madrid and New York based offices.

Alexandre Dreyfus, CEO and Founder of Chiliz and Socios.com, said: “We’re delighted to further increase the liquidity of Chiliz $CHZ with these three key listings.

“This is just the beginning of what we believe will be very strong partnerships with all three platforms.

“We look forward to more exciting announcements in the future as we continue our mission to build a $1 billion Fan Token ecosystem, drawing participation from the world’s biggest sports and entertainment properties.”

 

About Chiliz

Chiliz ($CHZ) is a fintech blockchain company that provides sports & entertainment entities with tools to help them engage & monetize their global audiences. The company’s consumer facing app Socios.com launched in late 2019. To date, 21 major sporting organisations, including FC Barcelona, Juventus, AC Milan and Paris Saint-Germain have partnered with Socios.com to launch Fan Tokens. Leading esports organizations Team Heretics, NAVI, OG and Alliance have all launched Fan Tokens on the platform, while UFC have signed a global fan engagement agreement and fellow MMA organisation the Professional Fighters League will launch a Fan Token in the coming months. More major clubs are set to launch Fan Tokens in the near future. All of these projects are fueled by the Chiliz token ($CHZ), a chain-agnostic digital currency which is currently available on leading crypto exchanges around the world. Fan Tokens generated $30M for clubs and partners in 2020, while in December of the same year Fan Tokens for Juventus and Paris Saint-Germain were listed on the world leading exchanges, driving trading volumes of $300M in 24 hours. Chiliz has multiple office locations around the world, including Malta, France, Turkey and Asia. In 2021 the company will open a new Madrid based office.

 

For Further Information:

Chiliz / Socios.com

Andrew Clarke – Head of PR

[email protected]

For more information please visit www.socios.com / www.chiliz.com


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Filed Under: $CHZ, Bitcoin.com Exchange, Changelly, Chiliz, English, hitbtc, News Bitcoin, Press release

Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

01/03/2021 by Idelto Editor

Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

The firm Rakuten Inc., often referred to as “the Amazon of Japan,” announced customers can now load up Rakuten Pay accounts with cryptocurrencies like bitcoin, ethereum, and bitcoin cash. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people leveraging “Rakuten Cash” via crypto assets.

Crypto Can Pay for Rakuten Goods and Services, Alongside Mister Donut, Familymart, and McDonald’s

The massive Japanese electronic commerce and online retail company based in Tokyo is now allowing crypto users to leverage the company’s Rakuten Pay service in order to load up on Rakuten Cash. The payment service with crypto asset support provides clients with access to a wide range of Rakuten’s services and products including the firm’s travel services, Kobo e-books, and mobile.

Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

Moreover, users can load their Rakuten app with BCH, BTC, or ETH in order to purchase items at Familymart, McDonald’s, 7-11, and Mister Donut to name a few. Digital currency proponents, particularly from Japan, we’re extremely happy about Rakuten’s new crypto support.

“This news is huge for Japan,” explained one individual on Twitter. “You can now pay at McDonald’s and 711 and perhaps hundreds of thousands of other stores with Crypto.”

Rakuten’s announcement details that crypto users can also top up funds with digital assets via their Rakuten Cash-buying function. However, users need to also leverage Rakuten’s crypto wallet in order to access Rakuten Cash via digital currencies. Moreover, the company is offering a bonus point gift to customers using the Rakuten Cash-buying function with cryptocurrencies.

Rakuten Group Wants to Provide Convenient Crypto Asset Management

The press release also notes that there is a minimum charge amount of 1,000 yen ($10) and a one-time upper limit at around 100,000 yen ($1,000) per month. The loads can be done 24 hours a day and seven days a week via the Rakuten Pay app and the company’s crypto wallet. There is no fee for conversion, but “it is necessary to open a physical trading account using the Rakuten Wallet and install a smartphone app dedicated to trading,” Rakuten says.

The Tokyo-based firm further adds:

[The company] will utilize the synergies of the Rakuten Group to provide convenient and profitable cryptocurrency asset management and new usage methods to improve customer satisfaction.

Rakuten Group has been into crypto solutions and blockchain technology for quite some time, as it launched the Rakuten Blockchain Lab (RBL) in Belfast, UK, back in 2016. Then in 2018, the company acquired the crypto exchange project “Everybody’s Bitcoin Inc.” for 256 million yen (~US$2,305,484). On August 19, 2019, Rakuten continued to move forward and launched its crypto exchange.

“Through the smartphone app, customers can make transactions for crypto asset trading accounts, such as depositing/withdrawing Japanese yen and depositing/withdrawing crypto assets, 24 hours a day, 365 days a year,” the Japanese company said at the time.

The latest Rakuten crypto support that allows people to pay for goods and services with ETH, BTC, and BCH, is another forward move for Rakuten in the crypto industry since jumping in back in 2014.

What do you think about Rakuten’s latest announcement about crypto support for Rakuten Pay and Rakuten Cash? Let us know what you think about this subject in the comments section below.

Filed Under: 7-11, BCH, Bitcoin, Bitcoin (BTC), bitcoin cash BCH, BTC, crypto assets, crypto exchange, English, ETH, Ethereum (ETH), Familymart, Kobo e-books, mcdonalds, Mister Donut, News, News Bitcoin, Rakuten, Rakuten App, Rakuten Cash, Rakuten Crypto, Rakuten Group, Rakuten Pay, yen

Mad Money’s Jim Cramer Has a Plan to Save Gamestop With Bitcoin

01/03/2021 by Idelto Editor

Mad Money's Jim Cramer Has a Plan to Save Gamestop With Bitcoin

Mad Money host Jim Cramer thinks he has a solution to save troubled video game retailer Gamestop with the help of bitcoin. He suggests that Gamestop should raise money to buy the cryptocurrency, then convert its 5,000 locations into bitcoin stores. He believes his idea will work.

Jim Cramer Has Idea to Use Bitcoin to Save Gamestop

Mad Money Jim Cramer said on CNBC last week that he believes he has come up with a viable plan to help video game retailer Gamestop (GME). He said his idea will fix the company’s valuation. The Gamestop stock surged by over 100% last week after the company announced that its CFO Jim Bell would resign.

His idea is for Gamestop to “become a dealer in crypto.” He noted that it is what Square and Paypal are doing, which he initially thought “seemed ridiculous” but then it “was ok.” Cramer is the host of Mad Money on CNBC and a former hedge fund manager who co-founded the financial website Thestreet.com.

Cramer also pointed out that Nvidia is coming up with graphics cards for crypto. “Last night on the unbelievably good Nvidia call, as a side note, they talked about March. [They’re] going to have some actual cards just for crypto. It really won’t be important for Nvidia, but it could be important for a place like Gamestop,” the Mad Money host described. He continued:

If Gamestop were to turn itself into a 5,000-store introduction to crypto, make it so that they sell $1 billion worth of stock … and buy crypto with it, and then make it so it’s an international gaming place where you win bitcoin, I think you can justify the stock price.

“And it doesn’t have to be bitcoin. We can make it crypto,” he clarified. “But turn it into a crypto information palace and you have worldwide games, no latency, you play it.”

He tweeted telling Gamestop board member Ryan Cohen to tell “the board to sell 10 million shares of Gamestop at $200 and buy bitcoin and say Gamestop is now a bitcoin store that also sells games.”

Cramer has floated the idea of turning Gamestop stores into a bitcoin empire before. On Feb. 5, he tweeted:

Gamestop needs to be a 5,000 store bitcoin palace. I cannot believe how brilliant that would be … They can sell stock, buy a ton of bitcoin and just hold on. Call it Bitstop. Or Gamecoin.

“I have not been able to come up with anything else, but this works,” he concluded. “I have a feeling that this is the way to get this stock higher. I can’t come up with another way.”

Do you think Jim Cramer’s idea will be good for Gamestop? Let us know in the comments section below.

Filed Under: bitcoin palace, bitcoin stores, English, Featured, Gamestop, gamestop bitcoin, gamestop crypto, gamestop cryptocurrency, Jim Cramer, jim cramer bitcoin, jim cramer cryptocurrency, News Bitcoin

Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio

28/02/2021 by Idelto Editor

Shark Tank's Kevin O'Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in bitcoin. Having previously called the cryptocurrency “garbage,” he has now changed his mind and believes that cryptocurrencies are here to stay. He is also getting used to the volatility of bitcoin and believes that institutional investors are willing to hold through price fluctuations.

Kevin O’Leary Now a Bitcoin Believer

Canadian investor and television personality Kevin O’Leary has changed his mind about bitcoin. He previously called the cryptocurrency “garbage” and a “giant nothing burger,” but now he has invested in bitcoin and thinks that it is no longer a fad.

“I actually think that digital currencies are here to stay,” he said in an interview with CNBC last week. “Most people that are willing to hold them, including institutions over the last 90 days, are willing to deal with the volatility.” O’Leary elaborated:

I am fascinated. I’m investing. I’m holding a 3% weighting in it between ethereum and bitcoin. The volatility sickens me but I’m getting used to it.

“And, finally, I’m starting to think about how do I invest in the infrastructure of mining bitcoin,” Mr. Wonderful added.

Commenting on bitcoin’s volatility, O’Leary shared: “Given the volatility of cryptocurrencies, the main decision you have to make after you decide to participate in the first place is what % of your portfolio do you allocate. For me, 5% is the maximum.”

Morgan Creek Digital partner Anthony Pompliano, who had been trying to convince O’Leary to invest in BTC for years, responded to the Shark Tank star’s 5% allocation statement. “You forbid me to have 50% and you called it all ‘garbage,’ but now you think 5% is acceptable. Eventually, you will be 50% yourself.”

O’Leary replied, “Correct, I change when facts change.” He emphasized:

Canadian, Swiss and many other regulators have done a 180% on BTC. This is a game changer for many investors including me.

O’Leary had always been worried about regulators coming down hard on bitcoin. In December, he warned that “Grown men are going to weep when that happens. You will never see a loss of capital like that ever in your life. It will be brutal.” Nonetheless, he said that if a bitcoin ETF is approved, he would be willing to put 5% of his portfolio in it. Recently, Canada’s securities regulator approved two bitcoin ETFs.

Do you think Kevin O’Leary will keep putting more money in bitcoin? Let us know in the comments section below.

Filed Under: English, Featured, institutional investors, kevin o'leary, kevin o'leary bitcoin, kevin o'leary crypto, kevin o'leary cryptocurrency, kevin o'leary ethereum, News Bitcoin, shark tank bitcoin, volatility

Stone Ridge’s Open-End Mutual Fund to Invest in Bitcoin — SEC Filing Opens the Door for Other Mutual Funds to Add BTC

28/02/2021 by Idelto Editor

Stone Ridge's Open-End Mutual Fund to Invest in Bitcoin — SEC Filing Opens the Door for Other Mutual Funds to Add BTC

Asset management firm Stone Ridge has filed with the U.S. Securities and Exchange Commission (SEC) for its open-end mutual fund to invest in bitcoin. “This is a big deal. Stone Ridge filing opens the door for every mutual fund to add bitcoin,” said a fellow asset manager.

Stone Ridge Wants Its Mutual Fund to Invest in Bitcoin

Stone Ridge Trust filed Form N-1A with the U.S. Securities and Exchange Commission (SEC) last week. The filing, which is expected to become effective on April 26, relates to the Stone Ridge Diversified Alternatives Fund.

The fund “seeks to generate total returns from diverse investment strategies that we believe have the potential for attractive returns and are diversifying from stocks and bonds,” the filing details. “These strategies include reinsurance, market risk transfer, style premium investing, alternative lending, single-family real estate, healthcare royalties, and bitcoin.”

For the bitcoin investment strategy, the filing explains:

[The fund] seeks to generate returns by gaining exposure to the price of bitcoin by selling put options on bitcoin futures contracts. This strategy may also invest in pooled investment vehicles, such as registered or private funds, that themselves invest in bitcoin.

Anthony Scaramucci, founder of another asset management firm Skybridge Capital, which itself has about half a billion dollars worth of bitcoin in its bitcoin fund, commented on the filing last week. “Important development in bitcoin. Stone Ridge filed with the SEC to become the first open-ended mutual fund to buy bitcoin,” he wrote. Scaramucci also sees heavy demand for bitcoin from his clients and expects the BTC price to reach $100K by year-end.

Noting that “Stone Ridge will be able to start buying bitcoin on April 26 (when their prospectus goes effective),” he opined:

This is a big deal. Stone Ridge filing opens the door for every mutual fund to add bitcoin (if they want to).

Stone Ridge founder Ross Stevens also founded the New York Digital Investment Group (NYDIG), a bitcoin-only financial services firm. Early this month, the firm filed for a bitcoin exchange-traded fund (ETF) with the SEC. Stevens recently said that he sees “a wall of money” coming into the asset class. NYDIG already has over $6 billion in bitcoin and the firm expects to have over $25 billion in the cryptocurrency by the end of the year.

What do you think about mutual funds investing in bitcoin? Let us know in the comments section below.

Filed Under: bitcoin fund, English, investment management, investment manager, mutual fund, News Bitcoin, nydig, open-end mutual fund, open-ended mutual fund, Regulation, SEC, Skybridge, Stone Ridge

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Recents articles

  • Chiliz $CHZ Growth Continues With Trio of New Listings
  • Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies
  • Mad Money’s Jim Cramer Has a Plan to Save Gamestop With Bitcoin
  • Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio
  • Stone Ridge’s Open-End Mutual Fund to Invest in Bitcoin — SEC Filing Opens the Door for Other Mutual Funds to Add BTC
  • Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm
  • 20 Bitcoin Block Rewards from 2010 Moved Today, Mystery Miner Spent $400 Million in BTC Since Black Thursday
  • Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

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