players

Basketball Players in Canada to Be Paid in Bitcoin

19/06/2021 by Idelto Editor

CEBL, the Canadian men’s basketball league, will offer its professional basketball players the option to receive a portion of their salary in cryptocurrency. The new payment option has been enabled through a partnership with the Canadian cryptocurrency exchange Bitbuy.

Bitbuy to Convert Canadian Dollar Salaries Into Bitcoin

The Canadian Elite Basketball League (CEBL) announced the deal with Bitbuy days before the start of its third season, on June 24. The league, which was founded four years ago, launched in 2019 with six teams, all of them owned and managed by the Canadian Basketball Ventures group. It now says the crypto partnership will be the first of its kind for any professional sports league in North America. CEBL Commissioner and CEO Mike Morreale commented:

Our partnership with Bitbuy speaks to our commitment to players, and also to our forward-thinking approach to how we go about our business. We appreciate Bitbuy’s investment in helping us further grow Canada’s official national pro basketball league.

With the help of Bitbuy, the basketball players will be able to opt-in to receive a portion of their salary in bitcoin (BTC). The trading platform will convert the Canadian dollar payments into cryptocurrency and deposit the digital coins to the players’ personal crypto wallets. The exchange, which has more than 300,000 users in Canada, will also become an official sponsor of the league as part of the agreement with the CEBL.

Basketball Players Ask for Bitcoin Salary Option

According to Charlie Aikenhead, VP of Marketing at Bitbuy, the partnership represents a significant shift in how athletes are thinking about compensation. “We’re excited to help the CEBL’s players protect their long-term wealth by getting paid in Bitcoin,” he added, emphasizing that the crypto company is proud to support homegrown Canadian sports.

The cooperation between Bitbuy and the CEBL comes in response to basketball players voicing interest in crypto payments to the league’s management. They referred to the case of NFL’s Russell Okung who last year became the first professional athlete in North America to be paid in bitcoin. In December, the Carolina Panthers offensive lineman announced he would be getting half of his 13 million-dollar salary in BTC, as Bitcoin.com News reported.

Guelph Nighthawks’ guard Kimbal Mackenzie, who will be among the first CEBL players to receive remuneration in crypto, was quoted in a press release as saying:

The opportunity to be paid in bitcoin is something I’m incredibly excited about. I believe cryptocurrency is the future.

Mackenzie thinks this is an investment that will appreciate greatly over the next decades and insists that his decision was a no-brainer. The crypto salary option, in his view, also highlights that the CEBL is one of the top professional sports leagues in the world.

Cryptocurrency prices have increased significantly over the past year as both individual investors and companies sought to protect their funds in uncertain economic times due to the global pandemic. BTC, the crypto with the largest market capitalization, reached a record high of over $63,000 in April. It has since dropped to below $40,000 per coin and is currently trading between $35,000 and $36,000 on Saturday.

Do you expect other sports leagues to offer their players the option to get paid in cryptocurrency? Tell us in the comments section below.

Porsche Enters NFT Market Launching Trading Card Platform Fanzone

16/06/2021 by Idelto Editor

Porsche, the German carmaker, is diversifying to digital markets through the launch of Fanzone, an NFT-based trading card market. Fanzone, built by Forward31, a Porsche company builder, seeks to capitalize on classic trading card demand. At the same time, Fanzone tries to combine this classical market with the NFT craze to offer digital products.

Porsche Launches NFT-Based Trading Card Platform Fanzone

Porsche, the German luxury car brand, is now dabbling in NTF markets. The brand just launched an NFT-based trading card platform called Fanzone, where users will be able to purchase and trade digital assets. The startup was launched by Forward31, a digital company builder that expands Porsche into non-core markets.

Fanzone lets users acquire, trade, and even game with their soccer trading cards. Each card features a different player with their unique traits and info. These cards live as digital assets on the Lukso blockchain, so anyone can extract them from the platform for safekeeping. Christian Knörle, head of company building at Porsche Digital, stated on the new platform that:

The demand for classic trading cards and albums has been unbroken for decades. With Fanzone, we are now digitizing this promising market. We look forward to strategically supporting Fanzone.

The brand has partnered with the German National Soccer Selection to showcase its players in the cards. As a result, the first card packs feature players from the men’s, women’s, and under 21 teams. While putting their legendary cars into NFT form might seem a bright idea, Porsche passed on the idea. Porsche hopes the NFT craze will bring them engagement-powered revenue in the future.

Sport-Based Platforms Are Thriving

While some indicators show the NFT craze has subsided since April, NFTs are still being leveraged to produce quality work in selected startups. And now sport-based platforms are leading this new push.

This is the case for Fanzone, which will offer licensed products on its platform. Another similar instance is the NBA Top Shot platform, which offers licensed NBA NFTs. This all seems to imply that while amateurish artwork NFTs are declining, other high-quality platforms are springing up, integrating NFTs as a pivotal element of their functionality and services.

Also, money is flowing to other sports-based initiatives too. The Argentinian Soccer Selection launched its own token recently in partnership with Socios.com, selling more than 600K tokens in its Initial Offering.

What do you think about Porsche’s new digital trading card platform? Tell us in the comments section below.

Check If Your Market Predictions Are Right With Sparkprofit

05/04/2019 by Idelto Editor

Following the recent price spike, there’s a lack of clarity as to where crypto markets will be heading from here. The importance of accurate predictions has never been more valuable to the cryptoconomy. A platform called Sparkprofit combines forecasts made by traders to produce a crowdsourced estimate of the future market movements.

Also read: Try Crypto Trading With Sim Games Like Altcoin Fantasy

Learn How to Trade by Guessing Market Movements

Sparkprofit allows active traders and ordinary enthusiasts to make predictions about the markets of major commodities like gold, oil and natural gas, indices such as Dow Jones, Dax and Nikkei, forex pairs of major fiat currencies and the future prices of several leading cryptocurrencies by market capitalization.

Participants can check how good they are at estimating the next price move and learn how to trade digital assets in the process. Using real historical market data for reference, they can set a price range up and down from the current levels. If the market reaches the target, they are rewarded with points. When it touches the loss price, they lose points.

Traders can make as many predictions as they like and the points they earn for their successful guesses are accumulated. Players with high scores are rewarded for their results each week. They can cash out using several fiat payment methods including bitcoin core. According to the platform’s website, residents of 200 countries take part in the prediction game.

Sparkprofit is an online platform and traders can access it directly in their browsers. It’s also available as a mobile application in both the iOS and Google Play stores. The game requires registration which is free of charge and the website offers a tutorial to help newbies understand the basics before they make their first prediction.

Do you think platforms like Sparkprofit can produce accurate market predictions? Tell us in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their 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 this article.

Images courtesy of Shutterstock, Sparkprofit.

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Check If Your Market Predictions Are Right With Sparkprofit appeared first on Bitcoin News.

Cryptocurrency Games Have Invaded the Most Popular App Stores

15/06/2018 by Idelto Editor

Bitcoin and the vast array of cryptocurrencies within the digital asset economy have become extremely popular these days, and one reflection of this metric is how many games can be found trending on the most popular app stores. There are many games available that allow gamers to create their own virtual mining farms, simulate trading cryptocurrencies, and games that even reward people in micropayments.

Also read: Get Them While You Can Gamers, Graphics Cards Prices Have Crashed

Cryptocurrency Games: Your Chance to Be a Virtual Mining Tycoon and Bitcoin Billionaire

Have you ever wanted to try testing your luck in the cryptocurrency markets, but don’t want to lose real money? Or maybe you’ve contemplated creating a mining empire, but only have enough coin in the bank for a couple measly machines. Well, now people with some imagination and a love for games can find a wide array of gaming apps at Apple’s App Store and Google Play. Not too long ago, there were only one or two cryptocurrency related games like Bitcoin Millionaire on the app stores, but nowadays there’s a ton of different recreational apps where you can do various bitcoin-related things, and some of them even pay out a few cents in crypto if you play them long enough.

Bitcoin Mining Simulator

One fun game called Bitcoin Mining Simulator (BMS) allows you to become a bitcoin mining tycoon. Basically, the mining simulator allows you to purchase virtual rigs in order to mine bitcoins and profit from selling them at market value. The game starts with a few simple machines until you can get enough coins to purchase your own mega farm. Essentially the game created by the developer Aliaksandr Prakarym allows the player to continuously improve the farm in order to get a return on the investment (ROI). The BMS app is also available on both iOS and Google Play.

Bitcoin Evolution

Bitcoin Evolution is very much like the classic app Bitcoin Millionaire as it allows a person to become filthy rich by earning bitcoins by tapping — And who doesn’t like incessantly tapping their phone? Again, like the many other games that yearn to be original, Bitcoin Evolution starts you off by running your own virtual bitcoin business where you mine coins from your own farm and gather profit by selling them.

“Invest your virtual mined income thoughtfully and grow your virtual bitcoin firm — Soon you will be the most popular virtual bitcoin capitalist and earn billions with your smart business,” explains the developer, Romit Dodhia.

But be aware that you will face all the problems that a successful merchant needs to go through. And don’t forget to launder your money!

Bitcoin Miner: Clicker Game

The recreational Bitcoin Miner: Clicker Game (BM) is an iOS mining simulator that allows you to earn bitcoins, obtain more computers and luxury automobiles. The game is very much like the aforementioned bitcoin mining simulators above, but with different graphics. BM allows the person to create their own farm and develop it more to profit. “Interested in mining but afraid to try in real life?” asks the development team 99 Drones B.V. “ Don’t worry — Mine in this game to get a taste for free — It’s time for you to start mining.”

Crypto Rider

Now the game Crypto Rider is funny and original as it’s a two-dimensional racing game where the tracks are the real-life historical price charts of popular cryptocurrencies. The racing app featured on Google Play and created by Superfly Games allows racers to collect blocks to unlock nine crypto-themed vehicles. “Fed up of watching all the price dips? Well, now you can ride them,” the developers’ detail.

Compete for the top spot on global leaderboards! Shill your high score to your friends with the sharing feature.

Bitcoin Flip

The iOS trading simulator Bitcoin Flip teaches gamers how to trade cryptocurrencies. The game is good for investors just learning how to trade digital assets. Bitcoin Flip instructs users on how to trade Bitcoin Cash, Nano, Tron, Vechain, Steem, Ethereum, Litecoin, and Dashcoin. The simulation follows real-time cryptocurrency spot prices with a 0.0005-second accuracy. Further, the platform starts players off with $5,000 (virtual dollars) to invest in and collect or lose virtual gains. Essentially, Bitcoin Flip gives people a chance to learn how to trade but can also be used for pure amusement.

Bitcoin Bricks

The Android game Bitcoin Bricks created by Joy Soft is a Tetris-like puzzle game that pays BTC micropayments for every game field filled. Joy Soft says instead of rewarding people with “useless points”, Bitcoin Bricks players get 0.00000001 BTC for every filled row and withdrawals are allowed after a certain threshold. After filling rows and collecting a micropayment, the BTC balance is shown above the game board so people can view how many coins they have earned.

The Blockchain Game

The Blockchain Game is another iOS strategy tournament that involves players building the longest blockchain and winning BTC. Just like Bitcoin Bricks, users add their BTC wallet address and they can begin trying to earn micropayments. The basic concept of the game is stacking blocks in order to create the longest chain. Just like in the real world, the virtual blockchain with the longest concession of blocks gives players a higher reward payout.

Games Can Be Fun and Addictive but Remember Time Is Money

There are so many cryptocurrency and blockchain games these days that this post could go on forever. However, lots of them lack originality and are mere copy-cats of games that simulate mining, or allow players to become a virtual bitcoin billionaire tycoon. The games are definitely amusing if you are a crypto-enthusiast, and some of them are educational, and even payout small amounts of cryptocurrency. Even though some games advertise the rewards as ‘free BTC,’ the incentives are not really ‘free.’

One reviewer explains how he spent a whole week playing a ‘free bitcoin game’ app for hours and earned a whopping $0.35 cents in BTC. So unless you consider your time as ‘free,’ that description is a bit misleading, but the games can be fun and addicting. So if you want to burn some time, head over to Google Play or Apple’s App Store and search “bitcoin” or “cryptocurrency games,” and you may find yourself losing hours of your life just to earn a 35 cents in crypto.

What do you think about all the cryptocurrency games in the app stores these days? Have you played any of these games? Are there any fun games we didn’t mention that you like to play? Let us know your thoughts on this subject in the comment section below.

Images via Shutterstock, the App Store, Google Play, Bitcoin Miner Clicker Game, The Blockchain Game, Bitcoin Bricks, Bitcoin Flip, Crypto Rider, Bitcoin Evolution, and Bitcoin Mining Simulator.

Need to calculate your bitcoin holdings? Check our tools section.

The post Cryptocurrency Games Have Invaded the Most Popular App Stores appeared first on Bitcoin News.