Pizzas are a blessing for the humankind, and when this blessing comes clubbed with a whopping amount of Bitcoin Prize, it is indeed like a cherry on the cake.
Domino’s France surprised its fans by coming up with an exciting offer to win a handsome amount of hard cash or digital currency. To celebrate its 30th birthday, the pizza house giant announced a competition named, Jump the Bank, which could fetch them €100,000 ($110,000) as the giveaway prize.
Pour nos 30 ans, on te fait gagner un truc de malade : 100 000€ en cash ou en bitcoin Jeu 100% gagnant avec des milliers de cadeaux à gagner, alors vas-y !
https://www.dominos30ans.fr/ 975:30 AM – Sep 6, 2019Twitter Ads info and privacy47 people are talking about this
The winner of the competition will get a fair chance to redeem his/her winning amount in either fiat currency or Bitcoin tokens. Domino’s opened the competition from September 4 and plans to run it till October 6.
The winner of the competition will be selected through the prize draw mechanism. Pizza lovers have to purchase pizzas from Domino’s and get their purchases registered online to become a potential competitor in the prize draw.
As per Domino’s website: “One thing is certain: cryptocurrency lovers all have a player side in them.”
The Random Connection Between Pizza And Bitcoin:
In May 2010, computer programmer, Lazlo Hanyecz paid 10,000 BTC to Papa John’s for buying two pizzas from them. During that time, the genius mind failed to foresee that the BTC coins, he is trading for two pizzas will amount to around $100 Million in today’s time.
With the growing trend of cryptocurrencies, the not-so-usual trading of pizza became quite well-known amongst the digital folklore and is now celebrated as Bitcoin Pizza Day.
Domino’s has always been an admirer of digital currencies and blockchain technology. This became more evident when the firm collaborated its overseas divisions of Malaysia and Singapore with SingularityNET platform.
It integrated supply chain and operational delivery systems into their office network through this partnership. However, due to lack of demand, the early investors of SingularityNET received a negative 71 percent return on their investments.
Decreasing trading volume and plateauing volatility sets stage for Bitcoin’s surge?
As of November 17, 2019, trading volumes across major exchanges dropped to a 3-month low and it looks like it is going to continue dropping. Is it the calm before the storm? If yes, what could be in store – surge or a drop?
The interesting observation is that the trading volume started its decline on November 15 and rapidly declined to the current lows. For Coinbase, the poster child for crypto exchanges in the U.S., the volume declined from $185 million to $65 million. For Binance, the decline occurred from $1 billion to $517 million.
Coinbase Vs. Binance
For Bitfinex, the trading volume dropped from $96 million to $39 million, whereas, BitMEX’s trading volume dipped from $2.9 billion to $905 million, a whopping 68% decline in BitMEX’s trading volume,
Bitfinex Vs. BitMEX
For all of the above charts, it is clear that the drop is the lowest seen in the last three months. The most brutal drop was seen with BitMEX which saw a 68% decline in trading volume. Following it was Coinbase with a 64% decline, Bitfinex at 59% and the least affected exchange among the lot was Binance with a decline of 48%.
A Look into Volatility
The volatility of Bitcoin hit a low of 2.5% on October 25 which was seen with a reaction from Bitcoin’s price which rose from $7,400 to $10,000 in a single daily candle. Since then, the volatility has plateaued near the 4% point for over 20 days.
The last time volatility moved sideways was after the April-pump when Bitcoin went from $4,100 to $5,600 in 30 days. Following this, the volatility dropped giving rise to more price surges. At present, the volatility looks like it will do something similar, causing a massive price movement. However, the direction in which BTC will move is still unknown.
However, looking at the price chart of Bitcoin, the price keeps forming lower lows on the daily time frame. The price is stuck inside a falling wedge pattern indicating a pump when it breaks out of the pattern. Moreover, the price has also tested the 0.786-Fibonacci level [$8,370] and seems to be supported by it. Disagreeing with the above is the Death Cross which has been clobbering the price and preventing bulls from taking control. This gives a 50-50 chance, meaning BTC could break out either way. However, one thing is sure, the breakout will be volatility induced move much like the one seen on October 25.
Adoption: 5 Business Industries That Accept Bitcoin In 2019
Bitcoin saw the light of day a decade ago, and since then, it attracted serious interest in the financial sector. Even though a lot of people use it mainly to get exposure to its price denominated in fiat currencies, there are a lot of businesses that accept Bitcoin as a payment method.
Traveling With Bitcoin
Back in 2013, the popular American travel agency Cheapair began accepting Bitcoin as a means of payment. This led to other companies implementing it as well, and now clients can use their bitcoins to book flights and hotels all around the world.
The cryptocurrency can be used to directly book a flight with Norwegian Air that also allowed it as a payment option earlier this year. Interestingly enough, the company is also reportedly looking into creating its cryptocurrency exchange.
People can also use Bitcoin to book certain hotels. For instance, a large Canadian group called Sandman Hotels started accepting BTC back in 2014. More recently, a Swiss luxury hotel, The Dolder Grand, announced that its clients could use the largest cryptocurrency to pay for their accommodation.
Entertainment & Sports
If you are into mind-boggling and adrenaline-boosting experiences, then chances are you have heard about escape rooms. Those real-life puzzle rooms where you have to solve a lot of mysteries and problems to get out of a specific space have become nothing short of accessible. Interestingly enough, there are many escape rooms that accept crypto as a means of payment.
On another note, a close variation of an online library, the Internet Archive, that includes vast loads of information, is also accepting donations in crypto. Some of the most popular ones include Bitcoin, Bitcoin Cash, Ethereum, Ripple, Zcash.
As CryptoPotato reported earlier this year, cryptocurrency adoption and usage continue with one of the most popular sports in the world – soccer. A famous Portuguese team, S.L. Benfica, allows its fans to use Bitcoin and Ethereum to purchase its merchandise.
Since Bitcoin’s idea is to be an electronic, peer-to-peer payment method, it’s only logical that online stores are among the first businesses to ever accept it. The tech giant Microsoft added the popular cryptocurrency back in 2014 for some of its products.
Since then, others were quick to follow in these footsteps. Overstock, the popular US-based online retailer, was among the first major stores to accept Bitcoin as a legitimate payment method. Those who want to purchase their electronics with crypto can do so with Newegg as well, which is a tech-focused online store.
The Food Industry
This is where things get a little bit interesting because it’s still somewhat uncommon to pay for your Sushi with Bitcoin. However, there are plenty of venues which would gladly take it. Clients can enjoy their favorite meals from pizzas to burgers while paying with their cryptocurrency assets.
Back in 2010, on May 22nd, a man from Florida called Laszlo Hanyecz paid 10,000 BTC for two large pizzas. This amount is currently worth millions, and it’s perhaps one of the most famous Bitcoin transactions in the relatively short history of the cryptocurrency. Of course, back then Hanyecz paid someone in Bitcoin just to order him two pizzas for his own FIAT but was also a way of spending your Bitcoins.
Whereas most of the information comes from fast-food chains and takeaways, Bitcoin, as a form of payment, has been recently added to other major outlets in the industry. Reports have it that the Amazon-owned Whole Foods are accepting Bitcoin in their stores as of this year.
Lambo (from Lamborghini) is a term often used in the cryptocurrency community when describing a possible price surge. The question “When Lambo?” is perhaps one of the most commonly used ones within the community. However, it turns out that Lamborghini dealerships have seen an increased number of transactions involving cryptocurrencies, especially around the 2017 parabolic price boom.
Some venues allow for the most significant cryptocurrency to be used to purchase impressive models from carmakers like Aston Martin and Ferrari. Still, clients can also choose classic cars, as well.
Furthermore, using Bitcoin for car purchases spreads beyond just supercars. Numerous local dealerships, as well as giants in the automotive game, have adopted it as a payment method.Be the first to know about our price analysis, crypto news and trading tips: Follow us on Telegram or subscribe to our weekly newsletter.
Alibaba Denies Working With Bitcoin (BTC) Company or Support for Crypto: Report
Contrary to an announcement made by Bitcoin cashback company Lolli, e-commerce giant Alibaba says it has no partnership with the platform.
Lolli announced on China’s Singles Day that its app now allows Alibaba shoppers to earn Bitcoin rewards.
According to a report by CoinDesk, however, Alibaba representatives are denying the partnership. Additionally, Alibaba clarifies that it does not support payments in BTC.
An Alibaba representative tells CoinDesk,
“One of Alibaba.com’s contractors hired a subcontractor who brokered an affiliate marketing program with Lolli. This was done without the knowledge of Alibaba.com. Alibaba.com’s contractor is terminating the relationship with the subcontractor who was working with Lolli. As a result, Lolli should no longer promote or bring traffic to Alibaba.com.”
Lolli’s head of communications, Aubrey Strobel, says Alibaba.com trialed the platform for 24 hours during the Singles Day campaign which drew attention as shoppers broke records and the day’s marketing event, an entertainment extravaganza featuring Taylor Swift, sparked global attention. Shortly thereafter “the partnership” was deactivated.
In a statement reviewed by CoinDesk, Strobel writes,
“It seems as though there was a miscommunication on Alibaba’s end and while that’s unfortunate, we look forward to the possibility of working with Alibaba.com again in the future. In the interim, Alibaba Group’s AliExpress is still live on Lolli.”
In the days following Singles Day, China is showing signs of renewing its crackdown on Bitcoin and cryptocurrencies. While President Xi Jinping has embraced blockchain in addition to removing cryptocurrency mining from a list of banned activities, rolling out mobile app lessons about Bitcoin and calling BTC the first successful use case of blockchain, the country’s anti-crypto stance has not entirely faded. It remains complex.
The Weibo accounts of leading cryptocurrency Tron and trading platform Binance were recently blocked for violating community regulations as China is rolling out new directives that are designed to squash the speculative trading of cryptocurrencies.