Bitcoin Tech
ByAuthor J.D. SmithPosted on
13
0

Oakland Athletics MLB team has sold a suite season ticket for Bitcoin for the first time

BY
img-ads

Major League Baseball team Oakland Athletics has sold their first crypto-purchased season ticket less than three weeks after first offering them.

The Oakland A’s, as they’re colloquially called, introduced an offer on March 15 enabling fans to purchase suite tickets with Bitcoin.

On Wednesday, March 31, the San Francisco East Bay ballclub announced that the buyer was New York-based publicly traded crypto asset platform Voyager Digital Ltd. The fintech firm purchased a six-person suite for all of the team’s 2021 home games for the price of one Bitcoin, or approximately $58,500 on the day.

Six-person private suites for individual games are on sale for around $600, and the official price for the suite for the entire season is currently more than that of a single Bitcoin at $64,800 according to the official website.

The purchase has become a milestone for the A’s as they become the first team in Major League Baseball to sell tickets for cryptocurrency. Team President Dave Kaval congratulated the buyer, stating:

“Cryptocurrency is a viable and tangible currency model, and we know other forward-thinking companies and individuals will join Voyager in using this payment for ticket purchases.”

Voyager co-founder and CEO Steve Ehrlich stated that the firm has close ties with outfielder Stephen Piscotty and that the suite will be shared with its customer base in the Bay Area and beyond.

In an earlier interview on Friday, March 26, Kaval stated that the team would be hodling any BTC made through ticket sales, adding:

“We’re believers in [Bitcoin] and hopefully it continues to go up and maybe we can find some big free agents with some of the proceeds.”

Fans can still buy a full-season six-person suite for one BTC until Thursday, April 1 according to the team’s official channels.

img-ads

Leave a Comment

Your email address will not be published.

You may also like

Bitcoin Blockchain Business Latest Tech
ByAuthor J.D. SmithPosted on
16
0

South Korea to launch blockchain-based vaccine passports

BY

South Korea will introduce blockchain-powered vaccine passports via a smartphone app later this month, the country’s prime minister said Thursday.

South Korea is joining a number of other nations in introducing vaccine certificates that enable cross-border travel while mitigating the risk of infections.

Prime Minister Chung Sye-kyun suggested there could be substantial benefits for citizens at home too:

“The introduction of a vaccine passport or ‘Green Pass’ will only allow those who have been vaccinated to experience the recovery to their daily lives,” he said during a daily inter-agency pandemic response meeting.

The government developed the app using blockchain technology as a way to provide security against the possibility of identity theft. “[Systems] in other countries also do not store personal information while allowing the verification of vaccination statuses,” Chung noted.

While 77,000 people have been vaccinated against COVID-19 in South Korea so far, the country…

View More Article
Bitcoin
ByAuthor J.D. SmithPosted on
15
0

Hot DOGE nips at the heels of r/Bitcoin on Reddit

BY

Despite Dogecoin under-performing this past week when compared to other leading crypto assets, DOGE’s community has been among the most active on Reddit.

According to data compiled by Skew and tweeted by Messari researcher Mira Christanto, r/dogecoin has been the third-most active crypto group on Reddit this week, with 33,822 new comments posted in seven days.

Dogecoin is the second-most active group coalescing around a single crypto asset, ranking behind r/Bitcoin’s 48,757 comments last week. Unsurprisingly, the wide-ranging r/CryptoCurrency attracted the most engagement of any crypto group on Reddit, with nearly 219,000 comments posted this past week.

After DOGE, Cardano was the next-most active with 15,735 comments, followed by Bitcoin Cash with 9,356. However, between them the subreddits r/EthTrader and r/ethereum represented nearly 10,200 comments combined.

Despite…

View More Article
Bitcoin Tech
ByAuthor J.D. SmithPosted on
13
0

Oakland Athletics MLB team has sold a suite season ticket for Bitcoin for the first time

BY

Major League Baseball team Oakland Athletics has sold their first crypto-purchased season ticket less than three weeks after first offering them.

The Oakland A’s, as they’re colloquially called, introduced an offer on March 15 enabling fans to purchase suite tickets with Bitcoin.

On Wednesday, March 31, the San Francisco East Bay ballclub announced that the buyer was New York-based publicly traded crypto asset platform Voyager Digital Ltd. The fintech firm purchased a six-person suite for all of the team’s 2021 home games for the price of one Bitcoin, or approximately $58,500 on the day.

Six-person private suites for individual games are on sale for around $600, and the…

View More Article
Bitcoin Blockchain Latest
ByAuthor J.D. SmithPosted on
9
0

Riot Blockchain’s hashing capacity grew 460% in 2020: Report

BY

According to its latest annual financial report, leading U.S.-based mining firm Riot Blockchain increased its hashing capacity by 460% and more than doubled the amount of Bitcoin held on its balance sheet in 2020.

Riot saw a 78% growth in total mining revenues from $6.7 million to $12 million, owing to the increase in operational hash rate from 101 pentahashes per second, or PH/s, as of December 2019 to 566 PH/s as of December 31.

While the company said it achieved profitability in the fourth quarter with $3.9 million in net income on a GAAP basis, Riot posted an overall net loss of $12.7 million for 2020.

However, this was an improvement over its 2019 performance, when it posted a net loss of roughly $20 million.

The company increased its cash and cryptocurrency holdings from $11.3 million in 2019 to $235 million last year, and doubled its Bitcoin holdings…

View More Article
Bitcoin Markets
ByAuthor J.D. SmithPosted on
14
0

Bitcoin closes six monthly green candles for the first time since 2013

BY

Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year.

In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles. While the markets would retrace to less than $100 over the next two months, Bitcoin would then surge 700% over the following six months and tag prices above $1,000 for the first time.

BTC/USD since 2012, 1m candles: Trading View

Bitcoin posted a similar pattern in the lead up to its parabolic bull run in 2017, with the markets posting five consecutive green monthly candles heading into September. While September saw BTC post range-bound consolidation, Bitcoin surged into new all-time highs in October to rallied from $5,000 to almost $20,000 by the end of the year.

According to Bloomberg strategist, Mike McGlone, Bitcoin could be trading for…

View More Article
Bitcoin Business
ByAuthor J.D. SmithPosted on
20
0

Bakkt launches payments app as institutions compete for crypto assets

BY

Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public.

Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is the firm’s first retail-facing crypto initiative.

Bakkt’s app was trialed by 500,000 users invited to participate in its Early Access Program in late 2020. The firm is also conducting a $1 million giveaway to encourage people to download the platform.

Launched on March 30, the payments app allows users to manage Bitcoin and other digital assets, including loyalty points and vouchers, to make purchases. More than 75 major brands are offering discounted gift cards to purchasers who use the Bakkt app, including Choice Hotels, GolfNow, and Best Buy.

Users can also manage their Starbucks Card balance through the platform. Karl Hebert Starbucks’ VP of…

View More Article
%d bloggers like this: