DOGE Now Accepted as Payment for NBA Tickets

DOGE (Dogecoin), the BTC (bitcoin) meme is now accepted as payment for NBA tickets and merchandise for the distinguished NBA team, Dallas Mavericks.

In a press release, Dallas Maverick team owner, Mark Cuban stated:

“The Mavericks have decided to accept dogecoin as payment for Mavs tickets and merchandise for one very important, earth-shattering reason: Because we can!”

Cuban has followed suit with Elon Musk in buying DOGE (dogecoin) for his son early last month. He also bought some DOGE (dogecoin) for his son to educate him about the crypto industry.

“For those of you who would like to learn more about dogecoin, we strongly encourage you to talk to your teenagers who are on TikTok and ask them about it. They will be able to explain it all to you.”

DOGE (dogecoin) as a means of payment is slowly being realized. On February 9, Nissan Daytona announced through its website and Facebook account that it will now accept DOGE (dogecoin) as payment.

The recent DOGE (dogecoin) adoption as payment was made possible by BitPay, the largest provider of crypto payment services in the world. We might be seeing more businesses worldwide that embrace DOGE (dogecoin) as a form of payment in the future. DOGE (dogecoin) will soon find its own place in the crypto world and will no longer be just a BTC (bitcoin) meme.

OKEx and Huobi Accused of Being Uncooperative by a Blockchain Investigator

CipherBlade CEO and co-founder, Rich Sanders accused two major crypto exchanges, OKEx and Huobi, and a small-scale exchange, MorphToken, for hindering his investigation on crypto wallets in these platforms connected to child sexual exploitation material (CSEM).

In his statement, Sanders stated:

“Why would an exchange or any service in this industry that’s claiming to want to do the right thing refuse to speak at all? Whether it’s OKEx, Huobi, MorphToken, or whoever, they’re placing these barriers that are not designed to bolster data privacy nor anti-money laundering [efforts]. These things are put in place to frustrate investigators’ efforts or police efforts.”

According to the two major exchanges, they are already using their own blockchain analytics tools to counter anomalies in their platforms like CSEM. But MorphToken remains mum on the issue.

But according to Carol Van Cleef, a blockchain attorney from law firm Bradley Arant Boult Cummings LLP, crypto businesses are not in any way obliged to respond or cooperate with blockchain investigators like CipherBlade.

“If a private party comes knocking on the door, there’s certainly no obligation under U.S. law to be responsive to that private party. And, in fact, if it involves in any way nonpublic personal information, then there’s an imperative not to provide that information to a non-official party.”

But this may put the two exchanges in a bad light and a possibility of a backlash from U.S. regulators may become inevitable.

Cryptocurrencies have long been under the shadow of dark entities operating behind the dark web. Illegal activities were allegedly being facilitated using cryptos and given accommodation in exchanges.

Ripple Continue to Grow in Asia Market Despite SEC Lawsuit

In recent reports, Ripple CEO Brad Garlinghouse stated that their operations in the Asian region continue to grow despite the SEC lawsuit.

In his statement to Reuters, Garlinghouse said:

“It (the lawsuit) has hindered activity in the United States, but it has not really impacted what’s going on for us in the Asia Pacific.”

The response can be highly attributed to Ripple’s good relationship with regulators in the region as further added by Garlington.

Due to the SEC lawsuit, XRP (Ripple) price suffered a major blow after it was faced with massive delisting from crypto businesses worldwide. BitGo was the latest to add to the growing list of crypto businesses that have delisted or suspended XRP on their platforms.

XRP (Ripple) has recorded its all-time low on Dec. 29 at $0.171. This is just a week after the filing of an SEC lawsuit against Ripple. Fortunately, XRP (Ripple) has slightly recovered from its price plummet with its price now at $ 0.462235 in recent data by Crypto.co.

Gary Black Tells Tesla: Sell Bitcoin for Buybacks

Gary Black, former chief executive of Aegon Asset Management, in his recent tweet strongly suggested Tesla sell its BTC (bitcoin) to buyback shares.

Gary Black suggest Tesla to sell its Bitcoins

Black reportedly sold his Tesla shares after the company’s BTC (bitcoin) purchase.

 

It can be recalled that Black said that Tesla stocks are incredible and it was expected to head up to $1,000 from $800 in 2020.

Surprisingly, on Feb. 8, Black revealed in his tweet that he has exited his Tesla position.

Gary Black tweet on exiting Tesla position

Though the news of Tesla’s BTC (bitcoin) acquisition was highly celebrated in the crypto market, it was the opposite in the traditional market. Tesla shares have plummeted by 28% from $863.42 to $621.44 after the news circulated.

His recent tweet drew attention from Twitter users. Some users have sided with Tesla while others have agreed with Black. A user even stated that Tesla’s BTC (bitcoin) purchase has made the company’s image look unstable and bubbly.

Twitter user reply to Gary Black's tweet on Tesla

In his most recent tweet, Black added that BTC (bitcoin) investment is immaterial.

Gary Black tweets that Bitcoin is an immaterial investment

In a data by Crypto.co, on Feb. 8, BTC (bitcoin) price is at $46,437 and possibly Tesla’s buying price at that time. Even with the recent BTC (bitcoin) dips compared to its current price today at $ 48,332.57, the company is not in any way at loss. But given bitcoin’s volatility, there is no guarantee that the price will be sustainable.