TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. CoinFLEX allows traders to bet on if Libra will launch. Sacramento Kings to offer own token rewards platform. Kik Messenger is for sale. New “Cryptodamages” report estimates the cost of mining environmental impact, and Destinia now accepts Bitcoin Cash.
CoinFLEX Lets Customers Bet on Libra Launch
CoinFLEX, a physically-settled futures bitcoin cash centered exchange, wants to capitalize on the uncertainty Facebook has about the launch of its cryptocurrency project, Libra. The futures exchange is launching a set of derivatives that let customers bet on the likelihood Libra is rolled out at all and operational by the end of 2020, allowing long or short positions. Mark Lamb, CoinFLEX CEO declared, “Facebook has the ability to rival the entire global banking system from day one, but …when that first day will be is far from certain.”
Sacramento Kings to Give Own Token as Reward
The Sacramento Kings, an NBA team, partnered with Blockparty, a ticketing startup, to offer a blockchain-based app that let users predict the outcome of the game. The “Call the Shot” platform will rewards users with the team’s own token, redeemable for prizes and other items and memorabilia. The token will not be transferable, and won’t have an associated value. The team and Blockparty estimate the app will be ready for the upcoming 2019-20 season.
KIK Messenger Might Not Disappear After All
Some exciting news: we may have found a home for Kik! We just signed an LOI with a great company. They want to buy the app, continue growing it for our millions of users, and take the Kin integration to the next level. Not a done deal yet, but could be a great win win. More soon https://t.co/SeLjf9bEaG
— Ted Livingston (@ted_livingston) October 7, 2019
Kik Messenger, the instant messaging app created and maintained by KIK Interactive, might not meet its demise end even after its creator changed the entire business models. CEO Ted Livingston announced the company “signed an LOI (Letter Of Intent) with a great company. They want to buy the app, continue growing it for our millions of users, and take the Kin integration to the next level.”
Cryptodamages: The Environmental Cost of Cryptocurrency Mining
A new study titled, “Cryptodamages: Monetary value estimates of the air pollution and human health impacts of cryptocurrency mining,“ tried to give a monetary value to the damage caused by 4 popular cryptocurrencies: BTC, Ethereum, Litecoin, and Monero in the US and China. According to the study’s conclusions “in 2018, each $1 of Bitcoin value created was responsible for $0.49 in health and climate damages in the US and $0.37 in China.” By December 2018, the damage reached nearly $1 per coin created.
Destinia Starts Accepting Bitcoin Cash
Destinia, a travel agency based in Spain, started accepting bitcoin cash, EOS, ethereum, litecoin, and dash in payment for plane tickets and accommodations. The travel agency previously accepted only BTC since 2014, and recently decided to diversify payment choices for customers. “Destinia’s philosophy is to open as many doors as we can, to have variety and payment possibilities to facilitate the traveler’s experience,” Destinia’s Cristina Verdi insisted. The company’s new crypto payments will be managed by a startup called Gocoin.
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