Fed Chair Jerome Powell Says a ‘Difficult Correction’ Should Balance US Housing Market

September 25, 2022 Bitcoin.com

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022 Coin Telegraph

TBC founder Elon Musk seemingly confirmed the news on Wednesday with a tweet responding to the news, saying: “Supporting Doge wherever possible.”

Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las Vegas transit system using Dogecoin.

A July 6 report from CNBC said the new payment option via Bitpaysurfaced on Friday, a day after the opening of its new Loop station at the Las Vegas Convention Center.

While the Boring Company has not officially confirmed the new payment method, founder Elon Musk seemingly did when he responded to a tweet about the news, saying: “Supporting Doge wherever possible.”

Supporting Doge wherever possible
— Elon Musk (@elonmusk) July 6, 2022

On the same day, DogeDesigner, a graphic designer for Dogecoin Foundation, shared a video with his 13,600 Twitter followers with him navigating through the Vegas Loop booking page and making a purchase of a day-pass using 37.52 DOGE via BitPay.

EXCLUSIVE: The Boring Company is accepting Dogecoin via BitPay. Here's the video of booking a day pass in Vegas Loop using #Dogecoin. @elonmusk @BillyM2k pic.twitter.com/lmpOkugYGp
— DogeDesigner (@cb_doge) July 7, 2022

The new Loop station is located underneath an integrated resort called Resorts World Las Vegas, and is the fourth stop on the 1.7-mile Las Vegas Convention Center Loop.

Using the subterranean tunnel system, commuters can catch human-driven Tesla-branded electric vehicles from one stop to another.

It’s a far cry from the original plans for the Vegas “hyperloop” which was to use magnetic propulsion to move passenger-carrying capsules at high speed through a pressurized tunnel system.

The company is still working on implementing driver-less vehicles on its Vegas transportation system in the future.

Supporting Dogecoin payments on Loop is only the latest integration for Musk’s fleet of companies.

Last December, Tesla CEO Musk announced that the electric vehicle company would begin accepting DOGE for certain merchandise purchases, which saw Dogecoin’s price gain 25% following the announcement.

In May 2022, Musk announced his plans to extend the payment option for his space exploration company SpaceX, though there was no significant impact on price.

Dogecoin is currently priced at $0.06851 at the time of writing, up around 1.15% over the last 24 hours.

Fans Can Buy Game Moment NFTs In Person at the NBA Summer League Games in Vegas

August 5, 2021 Bitcoin.com

Payments in a flash: Strip club in Las Vegas now accepts Lightning

July 16, 2021 Coin Telegraph

BTC payments

Guests at the Crazy Horse 3 will soon be able to tip their favorite dancers using BTC.

The Crazy Horse 3 gentlemen's club has announced it has become the first major entertainment venue in Las Vegas to accept Bitcoin using the Lightning Network.

The nightspot will implement the layer two Bitcoin scaling solution enabling punters to make payments in a flash. It has integrated BTC payment processor OpenNode which will initially allow guests to securely purchase VIP bottle packages using BTC through the venue’s website.

According to the announcement, the Bitcoin payments rollout includes plans to accept the digital asset for admission, food selections, craft cocktails and the club's signature “dance dollars” which are used for tipping entertainers. In other words, Lightning for lap dances.

Crazy Horse 3 publicist, Lindsay Feldman, said that the club is embracing the opportunity to accept Bitcoin as a way to deliver convenience and an additional level of anonymity for its guests, adding:

“The club's partnership with OpenNode allows us to cater to our tech-savvy customers' needs by offering an innovative form of payment that's both seamless and secure.”

OpenNode is a Lightning Network-powered BTC payments platform that operates in 126 countries and has more than 8,000 users. The platform will allow the venue to receive BTC payments directly without the involvement of third-party payment processors or associated fees.

The adult industry has embraced cryptocurrencies over the years as much through necessity as choice, with payment processors either banning such businesses or charging them exorbitant fees for being “high risk”.

Bitcoin’s leading layer two scaling solution has seen steady growth over the past year. Since the beginning of 2021, LN nodes have increased by 56% to a record high of 12,844 at the time of writing according to BitcoinVisuals.

The number of unique channels connecting nodes for the first time has also seen impressive growth this year with an increase of 54% since January 1.

Bitcoin and crypto acceptance in Sin City is also showing growth. In May, the Resorts World Las Vegas casino-resort announced a partnership with crypto exchange Gemini to allow patrons to make payments using BTC and cryptocurrencies using their exchange wallets.

Crypto on the casino floor? Las Vegas resort partners with Gemini

May 6, 2021 Coin Telegraph

Business

Some Las Vegas casinos have only been allowed to return to full capacity this week.

A Las Vegas casino-resort which aims to open for business next month has just partnered with major cryptocurrency exchange Gemini.

In an announcement today, Resorts World Las Vegas said it would be allowing customers to use their Gemini wallets “to enhance the integrated resort experience.” President Scott Sibella said the move was part of an effort to integrate “innovative technology conveniences” across the resort.

Gemini co-founder and CEO Tyler Winklevoss hinted that patrons would be able to convert fiat into crypto at the resort, meaning that some may have the ability to win at a casino game, then invest those funds into digital currency. Major slot machine manufacturer International Game Technology received a patent earlier this year for a system that would enable gamblers to transfer crypto from their accounts into a “gaming establishment account.”

Online activity on gambling websites significantly surged during the pandemic as many casinos were forced to reduce capacity or shut down entirely — only this week have some Las Vegas resorts been allowed to return to 100% capacity after a significant number of employees had received the COVID-19 vaccine. Cointelegraph reported in November that the Winning Poker Network had seen an increase in demand from players to be paid in Bitcoin (BTC) prior to the crypto asset surpassing $20,000.

The Chinese-themed casino-hotel — built at a cost of more than $4 billion — is expected to open to the public on June 24.

UFC to launch MMA fan token on Chiliz blockchain

May 5, 2021 Coin Telegraph

Coin Telegraph

Debuting in June, the new UFC fan token will have a maximum supply of 20 million.

The Ultimate Fighting Championship, the largest mixed martial arts association in the world, is launching its own blockchain-based fan token.

The UFC officially announced Tuesday that it will debut a UFC Fan Token on fan engagement and rewards app Socios.com. Minted on the Chiliz blockchain, the token is scheduled for launch in June and will have a maximum supply of 20 million tokens.

Similar to other fan tokens from Chiliz and Socios, the UFC fan token is designed to enable new fan engagement opportunities like access to exclusive content, fan voting, VIP rewards, promotions, competitions and others.

“UFC has more than 625 million fans around the world, and Fan Tokens are a unique way to connect with them through a compelling, authentic product that brings them closer to UFC and gives them influence, while also rewarding their passion for the sport,” UFC senior vice president of global consumer products Tracey Bleczinski said.

Chiliz and Socios CEO Alexandre Dreyfus said that UFC tokens will be exclusively available on the Socios app, with no pre-sale anywhere else.

The UFC and Chiliz first announced a collaboration last year to allow UFC fans to use Chiliz’s native token CHZ for experiences and rewards. The UFC has been expanding its moves into the blockchain and crypto industry recently, signing an exclusive partnership with crypto-powered online sportsbook Stake.com in March 2021.

The UFC is one of the first sports properties in the United States to launch a fan token using Chiliz and Socios’ ecosystem, marking an important milestone for their global expansion. The news comes two months after Chiliz announced $50 million expansion plans for the United States.

Las Vegas

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