The Daily: UFC 232 to Have Official Crypto Partner, 5% of Israelis Use Bitcoin

The Daily: UFC 232 to Have Official Crypto Partner, 5% of Israelis Use Bitcoin

In today’s edition of The Daily we feature the latest sports sponsorship by the cryptocurrency community. We also cover stories about new statistics on bitcoin usage in Israel, mining malware growth during 2018, and another bank blockchain patent.

UFC 232 to Have Official Cryptocurrency Partner

“There are several reasons why we think it makes sense for Litecoin to step into UFC’s world-famous Octagon now,” the group stated. “Over the last 25 years, UFC, the world’s premier mixed martial arts organization, has evolved from a tiny grassroots movement to a global phenomenon, largely based on the extremely passionate community it has cultivated along the way. We see many parallels to Litecoin in this way as our amazing community has been instrumental in our growth and providing unwavering passion and enthusiasm that continues to propel us forward.”

The cryptocurrency community has a strong record of supporting such sports events. Back in May for example, the mixed martial artist (MMA) Mei Yamaguchi was sponsored by Bitcoin.com as she faced the Atomweight World Champion Angela Lee. Dash has also previously provided sponsorship for fighters.

5% of Israelis Report Investing in Bitcoin

The figures show that cryptocurrency adoption still has a long way to go Israel, with only 5 percent of people in the country having invested in or used BTC and digital coins. Moreover, a total of 44 percent of Israelis say they either don’t know what Bitcoin is or just don’t understand the concept. In contrast, 42 percent of people have reported using the direct money transfer apps that the big banks in Israel having been pushing hard over the last year in an attempt to stay relevant in the digital age.

Crypto Mining Malware Boomed in 2018

“Cryptominers will take advantage of any reliable scenario,” the researchers noted. “We would not usually think of using routers or IoT devices such as IP cameras or video recorders as cryptominers because their CPUs are not as powerful as those in desktop and laptop computers. However, due to the lack of proper security controls, cybercriminals can benefit from volume over CPU speed. If they can control thousands of devices that mine for a long time, they can still make money.”

Bank of America’s Latest Blockchain Patent

The bank writes in the application that, among other things, blockchain technology may be used by automated teller machines to accelerate transaction speeds or facilitate other types of transactions in addition to ATM transactions such as cash withdrawals and deposits or gift registry transactions. Additionally, ATMs may use blockchain technology to track transactions, thereby enabling a larger amount of transaction volume while reducing physical cash transportation needs.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

Loading...
No comments yet, be the first to comment this article