Mark Cuban says the Mavericks will accept Bitcoin ‘next season’

Mark Cuban, famed billionaire investor and owner of the Dallas Mavericks, took to Twitter yesterday to confirm that fans would be able to buy Mavs tickets with Bitcoin starting “next season.” The next NBA season commences this fall, so we could see the ability to buy Mavs tickets with BTC before the end of the calendar year.

https://twitter.com/mcuban/status/953104057727619074

Bloomberg then emailed Cuban looking for confirmation and further details, to which Cuban responded by saying that the Mavs will be accepting Ethereum tokens as well.

“We will be taking Ether as well,” Cuban told Bloomberg Business. “As far as tokens, we will be taking tokens originated by companies we have business relationships.”

He also said in his statement that altcoins that originate from companies that have preexisting relationships with the Mavericks will also be accepted — although which companies those are aren’t clear. Perhaps this is a sign that some Mavs partners have ICOs (initial coin offerings) planned.

“Some people want to buy products in crypto to prove a point. We are happy to make it easy for them,” Cuban wrote in the Bloomberg email. “And for Existing Mavs fans who prefer to spend cryptocurrency we are happy to make it easy for them.”

BitConnect dies

Not surprisingly, BitConnect has decided to shut down its lending “services” after months of running what was effectively a Ponzi scheme. The company attributed its shutdown not to the fact that it was plainly unsustainable, but rather to bad press, cease and desist letters that originated from two US states, and DDoS attacks.

We are closing the lending operation immediately with the release of all outstanding loans. With release of your entire active loan in the lending wallet we are transferring all your lending wallet balance to your BitConnect wallet balance at 363.62 USD. This rate has been calculated based on last 15 days averages of the closing price registered on coinmarketcap.com.

You can probably imagine the affect this news has had on the BitConnect token, which is now effectively worthless. The coin has tanked from a peak of over $400 around the end of December 2017. Now, the token is trading at $10-$20 and has very little liquidity, according to data from CoinMarketCap.

Hilariously, BitConnect says that its BitConnect X ICO is still going to happen. The group says that it’s “functional” and that they are “building an exchange platform” where the BitConnect Coin (BCC) will be listed. They close by saying that this is “not the end of this community.” Comedic.

On that note, let’s watch as the most obvious Ponzi scheme ever make itself plainly obvious for all the world to see — and yet some still bought in with their life savings.

Bitcoin SV BSV

Coinbase now allowing users to withdraw Bitcoin SV following Bitcoin Cash hard fork

Coinbase, the popular San Francisco-based cryptocurrency exchange, has announced that users can now withdraw their Bitcoin SV, or BSV for short. The new token was the result of a hard fork in Bitcoin Cash that occurred in mid-November, which essentially split the Bitcoin spin-off into two more chains: Bitcoin Cash, and Bitcoin SV.

Read moreCoinbase now allowing users to withdraw Bitcoin SV following Bitcoin Cash hard fork

Ripple passes Ethereum to become the second most valuable cryptocurrency

Ripple has passed Ethereum to become the second most valuable Cryptocurrency, according to its current average price from cryptocurrency data aggregator Coin Market Cap. At the time of this writing, Ripple has a market cap of more than $100 billion, passing up the $69 billion of previous number two, Ethereum.

According to FT, today’s surge comes after three major Japanese credit card companies signed on to use Ripple’s blockchain technology.

Last week’s announcement that three of Japan’s big credit card companies have signed up to use Ripple’s technology triggered another bounce in the price of XRP, which is up sixfold in the past month and almost 300-fold in a year.

Ripple’s price has been booming for several weeks, however, going back as far as an announcement on the official Ripple website on December 14th that the Japan Bank Consortium would be partaking in a Ripple pilot with a pair of South Korean banks.

The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion.

Ripple is a controversial cryptocurrency, since it has primarily been targeted at preexisting banks, credit card companies, and payment providers to serve as an efficient way to move funds. The spirit of other cryptocurrencies, such as Bitcoin, have long been established in anti-establishment ideals.