Litecoin Is Now the Miami Dolphins' 'Official Cryptocurrency'

The Miami Dolphins, a popular American football team, have recently partnered with the Litecoin Foundation to start accepting cryptocurrency payments.

According to press release published on Thursday, the partnership between the Litecoin Foundation and the Miami Dolphins will become active in the 2019 NFL season and will see the Dolphins start accepting litecoin payments as their “official cryptocurrency.”

This means American football fans will be able to buy tickets to see games at the team’s Hard Rock Stadium using both litecoin and bitcoin through the team’s 50/50 raffle, which gives half of the proceeds to a charitable organization, the Miami Dolphins Foundation.

The cryptocurrency payments are set to be handled by a third partner in the partnership, a payments processing firm called Aliant Payments. The press release touts the partnership will give Litecoin “the ability to tap into one of the NFL’s largest and most passionate fan bases through in-game branding and advertising opportunities at Hard rock Stadium.”

Charlie Lee, the creator of Litecoin and the managing director of the Litecoin Foundation, was quoted as saying:

This collaboration propels Litecoin in front of an audience of millions of people around the world at a time where adoption of cryptocurrencies continues to gain momentum and the ecosystem is able to support real world use cases in ways previously not possible.

Lee added the Litecoin Foundation sees this is as a “powerful way to raise awareness and educate people” about litecoin and the cryptocurrency space on a “tremendous scale.” Kim Rometo, the vice president and chief information officer of the Miami Dolphins, noted the partnership will provide its guests the ability to enjoy the 50/50 raffle while donating for charity.

The Liteocin Foundation, a non-profit organization looking to help grow LTC adoption, has notably been making progress over the last few months. Back in December, it partnered with the Ultimate Fighting Championship (UFC), a leading mixed martial arts organization, to display the Litecoin logo in a title match.

Recently, litecoin was added to cryptocurrency payments startup Flexa’s SPEDN mobile wallet app, allowing users to pay using the cryptocurrency at over 39,000 merchants.

Bitcoin Whale Reportedly Risks 800 BTC for $0.01 Payout in Dogecoin

A bitcoin whale has supposedly risked a total of 800 BTC, worth around $5.8 million, to help the cryptocurrency remain at the $7,200 mark in a bid to win a bet he made on social media.

A Twitter exchange between Dogecoin supporter Samu and bitcoin whale Joe007 shows that both agreed to bet on bitcoin’s future price, with Samu agreeing to pay 5 million DOGE (around $11,000) to the whale if BTC traded above $7,100, and the whale agreeing to pay Samu the same amount if it was below $7,100 at 13:00 UTC on December 12.

The BTC whale ended up winning the bet as the price of the flagship cryptocurrency didn’t drop below the agreed-upon mark. Some of those watching the thread, however, noted that something seemed to be going on before the bet’s deadline expired.

The bet was made according to the price of the Bitfinex cryptocurrency exchange, and a trader soon alleged on social media the BTC whale could’ve placed an 800 bitcoin order to “defend” the $7,200 so the cryptocurrency’s price wouldn’t dip.

While it isn’t possible to tell whether Joe007 was the one behind the 800 BTC order, the whale seemed to warn Samu before the bet was made that he was extremely confident he was going to win, tweeting out “you really don’t want to make this bet, believe me…”

After the deadline the posts suggesting market manipulation came out so Samu said he “got revenge” on the bitcoin whale cheating, by offering to pay him only 6 DOGE, currently worth about $0.013.

The Dogecoin addresses Joe007 showed as the destination for the funds currently has little over 10,000 DOGE in it, worth close to $22. Some argued Samu should have paid the funds as no terms were defined in the bet, while others agreed with him.

Featured image via Unsplash.