Billionaire Bitcoin skeptic-turned-bull Mark Cuban has said his Dallas Mavericks NBA team will accept Bitcoin “next season.”
Cuban Turns On To Bitcoin Acceptance
In remarks on Twitter following publication of group line-ups, Cuban, who as of late as June last year called Bitcoin an “bubble,” affirmed fans would have the capacity to buy tickets with Bitcoin later in 2018.
The move is development for both US ball and Bitcoin acknowledgment in sport, Cuban having warmed to Bitcoin extensively finished the most recent last six months.
“It is interesting because there are a lot of assets which their value is just based on supply and demand,” he told Bloomberg in an October meet, amid which he had invested.
Most stocks, there is no intrinsic value because you have no true ownership rights and no voting rights. You just have the ability to buy and sell those stocks. Bitcoin is the same thing. Its value is based on supply demand. I have bought some through an ETN based on a Swedish exchange.
Most stocks, there is no natural esteem or intrinsic value since you have no evident proprietorship (ownership) rights and no voting rights. You simply can purchase and offer those stocks. Bitcoin is a similar thing. Its esteem depends on supply request.
Previously, in an evident publicity stunt, the billionaire had purchased $20 worth of BTC with a specific end goal to show its price would soon amend from highs of the season of around $2800.
Following In Footsteps Of Denmark’s Bitcoin Hockey Team
Outside the US, Denmark influenced a significantly more obvious motion to a month ago when a possession change of a noteworthy group hockey club brought about Bitcoin everything except assuming control.
Bitcoin Suisse’s three-year residency implies that Rungsted Seier Capital’s home stadium will now pass by the name Bitcoin Arena, while the team’s best player will get his compensation in BTC, official declarations expressed at the time.
The move “(paves) the way for others in- and outside of the world of professional sports to do the same,” a release added.
Cuban then stays tight-lipped on what spurred him to dispatch Bitcoin ticket deals for the time being.
What are your views about Mark Cuban’s decision to accept Bitcoin? Let us know in the comments!
Is Toronto Next to Accept Bitcoin for Property Taxes?
Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.
Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.
Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.
Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned
“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”
“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.”
He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”
Morning Crypto Roundup
- Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
- Bitcoin stays above $10,000
- Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
- After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
- According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share