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Portuguese Soccer Giants Benfica Link with Utrust for Crypto Ticket Sales

Portuguese Soccer Giants Benfica Link with Utrust for Crypto Ticket Sales

Soccer continues to be the new testing ground for crypto-related businesses and alternative payment systems as Portuguese giant Benfica plans to make crypto ticketing available.

Benfica FC plays in the Primeira Liga, the top flight of the Portuguese football league system, where they are the current champions and the most successful club in terms of titles won.

The famous club has now announced a partnership with crypto asset payment processor Utrust which will allow fans to purchase tickets and merchandising using cryptocurrency as an alternative payment system. This will make the club the first in Europe to accept cryptocurrency in this way.

Domingos Soares de Oliveira, representing the club stated the following of the partnership:

“Our benfiquistas [supporters] make Benfica the unique and special club it is and we recognize that many of our supporters are now digital users first so we want to be ahead of the curve when it comes to adopting novel technologies and giving our supporters the best online experience.”

Nuno Correia, the co-founder of the Utrust crypto payment processing platform, responded that Benfica was the biggest sporting clubs worldwide and that Utrust was “delighted to be making cryptocurrency payments possible for their 14 million supporters around the world“.

There have been many well-documented reports of top Players such as Lionel Messi and others endorsing crypto products, but as yet the football world has not launched readily into crypto ticketing as yet, despite trialing blockchain for fan voting and interactive activities at certain clubs.

The English Premier league is currently building up a significant crypto profile through club endorsements of cryptocurrency companies, with Arsenal the most prominent through its association and sponsorship deal with the US cryptocurrency CashBet.

 

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Big Brother Creator Suing Facebook over Fake Crypto Ads

Big Brother Creator Suing Facebook over Fake Crypto Ads (1)

John de Mol, Dutch billionaire and creator of the much-franchised reality show Big Brother, is to sue media giant Facebook for allowing fake ads on its platform to promote fraudulent Bitcoin-related businesses claiming that they had entrepreneur’s backing.

De Mol, whose image was also used in some of the advertising, claims that he was not alone in being targeted in this way with consumers being duped out of EUR 1.7 million (USD 1.9 million) from adds linked to him and further funds being extorted by using other Dutch celebrities in the same way.

An Amsterdam District Court Judge heard that Facebook had not reacted quickly enough to complaints about the advertising, having allowed them to go through the media giant’s vetting process.

Defending Facebook, lawyer Jens van den Brink argued that the company could not monitor advertising across all its platforms and did, in fact, respond quickly to requests to have the fraudulent advertising removed. Facebook according to their lawyer had also recently met with the Dutch financial markets regulator AFM to investigate means to address scammers gaining access to FB platforms.

“I don’t know what reality Facebook lives in, but that doesn’t work,” said de Mol’s Lawyer Jacqueline Schaap, claiming that its current vetting system wasn’t enough and that such advertising should simply be blocked.

“The people who push these kinds of ads are persistent, they are well-funded and they are constantly evolving their deceptive tactics to get around our systems,” responded Rob Leathern, a manager at California-based Facebook.

 

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Gamer Pays $100,000 in Ether for Virtual Car

Gamer Pays 0,000 in Ether For Virtual Car

Cryptocurrency is spent on some eyebrow-raising purchases, particularly when it comes to the Bitcoin wealthy who have even been known to hire purchasers to pick out their luxury buys, but one gamer has just taken spending into the realms of the absurd.

According to a recent article in news source Today’s Gazette, one gamer has paid an eye-watering USD 100,000 in Ethereum in order just to get an edge on a new game that hasn’t even been released.

The purchase was for a virtual car for the upcoming blockchain game F1® Delta Time, after an auction of over 40 bidders finally came to an end leaving the unknown bidder 415 ETH lighter.  Two other bidders had fought for the car for days before the virtual car, a hyper-limited-edition original collectible – the F1® Delta Time “1-1-1” was scooped up at the last minute.

The game allows gamers to trade and collect unique cars, components, and drivers. The traded and collected products will exist as non-fungible tokens (NFTs) based on the ERC-721 token standard.

Big crypto is more often spent on the real thing such as lambos, bling, and even luxury property. Agents such as London gallery owner Eleesa Dadiani have made a living assisting the cryptocurrency wealthy to acquire luxury items.

The list of her client purchases are impressive, to say the least, from bloodstock to jets, from gold bullion to rare cars, she’s handled them all. Even the purchase of four Formula 1 cars valued at GBP 4 million (USD 5.3 million) wasn’t enough to dampen her enthusiasm for her role as crypto “middle-man”.

USD 100,000 for a virtual car could be pushing the limit though. Or might crypto whales beg to differ?

 

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French Crypto Artist Pascal Boyart Is At It Again With Faketoshi In His Sights

Bitcoin News has been following the work of French crypto artist Pascal Boyart with great interest, and he’s back with another controversial piece. This time, he is targeting the self-confessed and much-disputed founder of Bitcoin, Australian Craig Wright.

His latest work takes a swipe at Wright, now dubbed Faketoshi for his claims to be the brains behind the crypto that’s taken the financial world by storm and is currently making a dramatic comeback. The work, with no sense of irony at all, is completed on toilet paper where Wright’s portrait is displayed under lights with the words “Fake Satoshi” clearly emblazoned above the head of the claimant of cryptocurrencies greatest idea.

Boyart is always controversial, and never short of ideas when it comes to Bitcoin and blockchain-related artwork. The artist is probably best remembered for recent works such as embedding the clues to a USD 1,000 prize in ‘La liberté guidant le peuple 2019’. The prize hidden somewhere in the art was the public wallet address containing BTC 0.28492509.

At Bitcoin’s 10th birthday celebration in Paris last year, Boyart organized Art (r)evolution, calling it a unique opportunity for creative minds to explore how exactly the emerging technologies of blockchain and cryptocurrency may influence the art world. Contributing artists were asked to hide Bitcoin symbols within their work somewhere not easily visible to surprise buyers and attendees.

This is not the first time that Wright has had to wear biting criticism but in this piece, there are none of Boyart’s usual hidden messages, which clearly illustrates exactly where the artist is on the subject of Wright’s Satoshi claims.

 

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Blockchain Lets Filmgoers Influence Hollywood’s Multi Billion Dollar Market

Decentralized funding in many areas is gaining popularity, including the movie industry which continues to gain interest from companies such as Proxicoin and Coinbase.

Recent moves from startup Proxicoin could introduce a new aspect to filmgoers experiences, actually giving them some input into what comes out of huge markets such as Hollywood. The idea is to enable users to actually own shares in film projects through blockchain.

The company could be the first of many to tap into this profitable market, already receiving a USD 100 million from a Hong Kong investor, heralding in yet another use for blockchain as the list of applications for the technology appears to grow daily. Backed by Coinbase this startup may well have started a whole new way for investors to influence their entertainment, as a recent press release outlines:

“Individual film or television projects will undertake an IPO to be given liquidity and be easily traded with transparency, providing an efficient avenue for filmmakers seeking financing for the growing demand for new content. ESX currently has deals for listings on over 30 major feature film projects and is expected to have a significant share of the 600 major films and television shows shot annually.”

The appeal now is for an increase in platforms such as this which enable users to influence production, content, and output, and for those with families to be rewarded financially for having a say in what their children watch on film. Blockchain is now making the unthinkable possible, allowing the viewing public a share in what could become a trillion-dollar market over time.

 

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Kiss Frontman Gene Simmons: Bitcoin Not Dead

Kiss Frontman Gene Simmons: Bitcoin Not Dead

Bitcoin isn’t dead, according to Kiss frontman Gene Simmons, enigmatic 1970s glam metal band bassist. Simmons, known to be a dabbler in investments, was attending a crypto event for wealthy investors alongside Anthony Pompliano, co-founder of Morgan Creek Digital Assets.

Well known for their face paint and stage outfits, the group rose to prominence in the mid-to-late 1970s with their elaborate live performances, which featured fire breathing, blood-spitting, smoking guitars, shooting rockets, levitating drum kits, and pyrotechnics.

It would be hardly surprising to see the likes of the Kiss frontman at such an event, with an approximate net worth of USD 300 million, particularly as he once touted the possibility of launching his own Kiss Coin. Decentralization is clearly his thing based on comments he’s made in the past once stating:

“I believe in supply and demand. I don’t believe the government should stick their noses into the rise and fall of the economy.”

Before Bitcoin rocketed in 2017 Simmons claimed that Bitcoin was “a piece of the [investment] puzzle”, referring to the numerous investments out there which had potential to make substantial profits for investors, which clearly the hallmark cryptocurrency went on to do in later that year.

Cryptocurrency and blockchain have attracted others from the music world. Another rocker, Matt Sorum, the former drummer of Guns N’ Roses and Velvet Revolver surprised the music world at the end of last year when he announced a blockchain-powered live concert hosting platform and payment solution for artists suggesting that it was time to cut out the middleman, suggesting “That’s been something on artists’ minds for years. There’s all these people you got to pay along the way.”

 

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Teen Rapper Lil Pump Pushes Online Merchandising with Bitcoin

Forbes 30 Under 30 newbie teen rapper AKA Lil Pump is moving with the times making purchases on his website available to Bitcoiners.

The 18-year-old Colombian-American rapper Gazzy García, who now has 1.2 million followers on Twitter, and if that’s not enough, another 17.8 million on Instagram, is giving his merchandizing a 21st century feel with Bitcoin payment now being available to fans after memorabilia.

The fact that fans can now pick up their Lil Pump T-shirts or keychains online with Bitcoin is sure to meet with approval with young Bitcoiners. More importantly, by opening up to blockchain technology and accepting Bitcoin payments on his online store, he is sure to attract new adherents to these technologies that otherwise would be limited to purchasing using online store cards or debit cards.

The move coming after YouTube’s number one star PewDiePie moved to a decentralized platform is certainly in line with artists starting to pick up on young adopters as a new market for crypto. Earlier this month the Swedish YouTube star found a new home on blockchain where his 94 million followers can live stream his latest offerings on DLive, built using blockchain protocol Lino and currently supported by 3 million monthly active users, and 35,000 active streamers.

Lightning Network has made Lil Pump merchandizing payable with Bitcoin thanks to artist’s partnership with OpenNode. The Lightning Network is starting to feed back into the younger community as it is primarily used by younger crypto owners for mini transactions such as music downloads and coffee. It’s still a good way of spreading cryptocurrency awareness throughout the community.

 

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Malaysia to Build 835-Acre Blockchain City

Malaysia to Build 835-Acre Blockchain City

A new massive blockchain project called Melaka Straits City is planned for Malaysia with fundraising of USD 120 million needed in its initial stage.

The idea is to make the blockchain city not only functional for a range of business enterprises and educational services, but also a major tourist attraction with the Ministry of Tourism of China predicting that 3 million tourists could visit it every year.

The city will be built on over 835 acres off the coast of Malacca in a project backed by the government of China and construction and engineering company China Wuyi. The plan is to allocate 200 acres of the marine area or building chalets and water recreation facilities. Malacca, dubbed “The Historic State”, is a state in Malaysia located in the southern region of the Malay Peninsula, next to the Strait of Malacca.

The features that give its unofficial “blockchain City” tag include a 32-hectare spread of land including kindergartens, colleges, universities, and student dormitories. Melaka Straits City will primarily be promoted as an educational center along with the tourist and sustainable development elements, which are the brainchild of the current owners of the land SWT International Sdn Bhd.

Over different periods Malacca was colonized by the Portuguese, the Dutch, and the British, and in 2008 it was included in the UNESCO World Heritage Sites List. Melaka Straits City’s official spokesperson Lim Keng Kai says that the construction will be futuristic, but also with a nod to Malacca’s rich historical past pointing out:

“That is why we’ve planned to build a distinctive cultural street in the center of the city. It will be inspired by the styles of different colonial eras and is going to make tourists familiar with Malaysian traditions and history.”

It is important to note that the Malaysian government has a high level of awareness regarding the crypto sector. Malaysia is still adapting to the spread of cryptocurrency with recent regulations introduced aimed at bringing more transparency to the sector in order to increase the trust level of investors.

 

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Monte Carlo and Ibiza Venues for 2019 Hodl Rally

Monte Carlo and Ibiza Venues for 2019 Hodl Rally

It’s the season for ‘Blockchain Week’, with New York Consensus 2019 coming up and Paris 2019 just having drawn to a close, but one event to look out for and getting a plug in Paris last week, is the 2019 Hodl Rally, scheduled for June.

If this sounds more like it should be a top gear event or a follow up to Paris-Dakar, that is understandable. It was described in Paris last week as “1,800 miles. 7 nights. 6 parties. 2 conferences. 100 cars. 1 superyacht party. 1 poker tournament. A fashion show. A charity gala.” Fair enough it’s a blockchain event… and its sounds pretty impressive, for those into Cannonball Runs. The Hodl Rally site tells its readers what they can expect:

We will be combining Blockchain conferences with parties, dinners, fashion show, yacht parties, club takeovers, poker tournaments, beach parties, beautiful models and lots of supercars. We will be driving across the most beautiful and diverse scenic continent; Europe, 8 cities in 8 days with a stopover in each city.”

Follow that with a 3-day visit to Barcelona for the World Crypto Convention, then a closing party at club Ibiza, and it’s starting to look like an interesting week.

It comes at a price at USD 3,897 per person, and some might argue such events are a bit of left-over from when partygoers danced till dawn with no concerns where the next Bitcoin was coming from, although to be fair a third floating blockchain conference is planned for September of this year. That one is using an entire ship reserved for a potential 2,500 cryptocurrency enthusiasts sailing the Mediterranean Sea. The cruise is organized by cryptocurrency exchange CoinsBank taking in Barcelona, Monte Carlo and Ibiza as 100 speakers deliver presentations on current developments in the industry.

Virtue Nightingale, the organizer of the Hodl Rally set for 3oth June, says the glam is absolutely not over the top, quick to point out the Gumball 3000 costs around USD 65,000 for a ticket, and the Hodl Rally has already sold 30 tickets, mostly to crypto and blockchain enthusiasts. He pointed out:

“It brings people from different walks of life altogether as one community, participating in this event and then what you do is you take that time, that opportunity to educate and inspire people about the importance of blockchain in their day-to-day lives.”

 

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YouTuber PewDiePie Switches to Blockchain-Backed DLive

YouTuber PewDiePie Switches to Blockchain-Backed DLive

Popular YouTuber PewDiePie has decided to take his multi-million audience elsewhere after continuous calls for his removal from Google over a number of years.

Felix Arvid Ulf Kjellberg, better known online as PewDiePie, is a Swedish YouTuber, comedian and gamer–commentator, best known for his YouTube video content, which mainly consists of Let’s Play commentaries, vlogs, and comedy formatted shows.

Kjellberg’s new home is blockchain built DLive where his 94 million followers will be able to livestream his latest offerings from 15 April. DLive, built using blockchain protocol Lino is currently supported by 3 million monthly active users, and 35,000 active streamers.

The broadcaster’s past online has been a rocky one, with a history of racist and anti-Semitic material and white supremacist content being challenged by the establishment, despite Kjellburg claiming that all is done in the spirit of alternative comedy. He commented on the planned switch, clearly happy to move on to another platform:

“I’m excited to start live streaming again regularly! DLive is great for me because I’m treated like a real partner, just like all of the other streamers on DLive’s unique platform.”

Wilson Wei, Co-Founder of Lino Network, claims that DLive is less a competitive environment for commentary than a place where creativity is shared by users who aim for high-quality content. He commented on PewDiePie’s recent addition:

“PewDiePie has always been a fierce advocate for the value that creators bring with their hard work, time, and effort, and he believes in DLive’s vision. Our livestreaming platform has the potential to forever change how creators are represented in this industry, and we’re proud to have PewDiePie help us lead this charge.”

 

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