Bitcoin (BTC) Options Volumes Record New All-Time High as Volatility Surges

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The Human Rights Foundation (HRF), a New York-based non-profit charity, is now accepting bitcoin donations via open-source payment processor BTCPay Server.

The non-profit has been accepting bitcoin donations since 2014, but this is the first time it is using a payment processor, Alex Gladstein, chief strategy officer of the HRF, told The Block.

“BTCPay Server helps protect the privacy of donors; has no centralized entity that would collect or exploit user information; and is nicely customizable,” said Gladstein.

The foundation also accepts donations in ether (ETH) and privacy-oriented coins such as monero (XMR) and zcash (ZEC), according to its website.

According to crypto derivatives data provider Skew, daily trading volume in Bitcoin (BTC) options reached a new all-time high on March 9. Nearly $200 mln worth of contracts were traded on this day, which represents a drastic increase from the previous peak that was recorded last month.

Cryptocurrency wallet provider Blockchain.com has launched its official retail lending desk following its foray into institutional lending last August.

Blockchain.com, which operates a suite of crypto wallet applications with over 46 million users, has officially launched its retail lending desk. The project, called “Borrow,” allows clients to borrow the platform’s native stablecoin USD Digital gainst bitcoin held in their Blockchain.com wallets. A spokesperson said USD Digital is powered by Paxos and functions similarly to the PAX stablecoin.

Peter Smith, Co-founder and CEO of Blockchain.com, said in a press release shared with CryptoGlobe:
Buddy Hield, a shooting guard for the Sacramento Kings, will have his jersey auctioned on the Ethereum blockchain. The NBA outlet is working with ConsenSys to auction the jersey worn by Hield last week. According to the Bullet Times, Treum will facilitate the auction, March 10, 2020.

Tokenized Memorabilia on Ethereum
From Nike announcing Ethereum-based NFTs to various NBA teams conducting blockchain-based auctions, tokenization has taken a turn from efficiency to entertainment.

Real estate and other financial markets have been touted as the strongest contenders to be tokenized over public blockchains, but nobody foresaw the rise of memorabilia and collectibles over permissionless ledgers.

The platform facilitated by Treum will guarantee the authenticity of products being sold. Bradley Feinstein, head of entreprise improvement at ConsenSys, was quoted saying “we needed to create a utility that does one thing properly and provides enthusiasm.”

If the auction is successful and profitable, it will lay the groundwork for future auctions on the platform. Sports teams across the globe could raise money by auctioning player memorabilia for causes they want to support. Buddy Hield’s jersey auction will be profit victims of Hurrican Dorian in Bahamas, the country Hield hails from.

NBA Goes Blockchain
From the Dallas Mavericks to Brooklyn Nets point guard Spencer Dinwiddie, the NBA has been fairly open to blockchain innovation and the effect it has on commercial enterprises.

The Sacramento Kings have now launched their DLT platform and various collectibles have been launched by NBA teams. But Spencer Dinwiddie’s tokenization has grabbed the most headlines and piqued interest from legacy and crypto financial enthusiasts alike.

Earlier today, March 10th, 2020, Brave announced a partnership with TAP Network which will allow its users to redeem their Basic Attention Tokens for “for real-world rewards” offered by 250,000 brands that are a part of the network.

The announcement says that Brave users in the U.S. will be able to redeem their BATs for “tokens for gift cards from hundreds of top national brands”. These brands include Uber (NYSE:UBER), Starbucks (NASDAQ:SBUX), Xbox, Playstation, Hulu, HBO, Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Target (NYSE:TGT), and Walmart (NYSE:WMT).