May 5, 2026

Capitalizations Index – B ∞/21M

Samba Bitcoin Will Feature Bitcoin at Rio de Janeiro Carnival

Samba bitcoin will feature bitcoin at rio de janeiro carnival

Samba Bitcoin Will Feature Bitcoin at Rio de Janeiro Carnival

Samba bitcoin will feature bitcoin at rio de janeiro carnival

Photo: Pixabay

A renowned traditional samba school named Imperatriz Leopoldinense is going to perform during the 2019 ‘Carnaval do Rio de Janeiro’, where the school has chosen its theme on ‘Money.’ In the festival, which will begin from 2nd March to 9th March, the school will be featuring the story from the first metal coins and paper bills to modern day cryptocurrencies. The theme is named ‘Give Me Some Money.

The intention behind choosing such a theme for the performance is to explain the bonding between human and money. The site of the samba school already shows some glimpses of the parade performance of the immense carnival. The school was established in 1956 and has been a famous winner in the competition of such performances during the carnival. However, since 2001 the school could not get the winning title. This time, having such an influential theme of money, including Bitcoin, the school strongly hopes to win.

The samba school gave details about their performance, saying:

“Our story is about money and its relationship with humans from their invention to the present time. It is, without a doubt, one of the most important instruments in the economic life of nations and people. Imagine what life would be without money. How could we buy and sell, receive and pay, stock up and save for the future, if it did not exist?”

From Ancient Coins To Digital Currency

The performance school will look at how money minting came to be during ancient times, also looking at the issuance of paper money in the 10th century in China.

From here, it goes on to portray the early day exchange relations that mainly involved the Indians. Another aspect that will be covered by the performance will be on the coins minted in Brazil during the early slave days.

The choreographers will draw attention to the saving and investing of money through bank deposits, financial instruments and other means. They will also highlight with humorous critique many of the socio-economic challenges of societies such as social divisions and income inequality that countries such as Brazil continue to face.

Imperatriz’s dancers will conclude their performance at the Rio Carnival with the topic of Bitcoin. “We’ll end the parade talking about a future already present through cryptocurrencies – a digital resource system designed to function as a medium of exchange,” the samba school says in the announcement, noting that a growing number of companies on a global scale have begun to use Bitcoin in the years since the creation of the cryptocurrency.

Brazil in the Money

While some people have pointed out the irony in Imperatriz Leopoldinense’s choice of theme given the seemingly financial difficulties that the carnival was experiencing, it does not hide the fact that Brazil, in general, has been rising to the world of digital currencies as of late. Its supreme court recently ruled giant bank Banco Santander from freezing out Bitcoin Max exchange account last year. And since then, more than 30 percent of Brazilians have shown interest in Bitcoin according to a study.

Published at Sat, 16 Feb 2019 12:58:57 +0000

Previous Article

Samba Bitcoin Will Feature Bitcoin at Rio de Janeiro Carnival

Next Article

Huobi’s V2.0 ‘Stablecoin for Stablecoins’ Aims to Close Arbitrage Loophole

You might be interested in …

ZFX Token Fuels Investor Experiential Learning

ZFX Token Thumb

Common thinking suggests that investment markets are against you. 

This includes stocks, mutual funds and, of course, cryptocurrency. It’s in these sectors where unfair market advantages such as investors with better access to information and high-frequency trading are among the barriers that the average everyday trader is facing. This is why over half of investors lose money during their first year of investing. 

But one project believes there is a better way forward. ZFX Token, created by ZeroSumMarkets — a purveyor of peer trading foreign exchange (FX) competitions — aims to do that by revolutionizing the retail trading experience. In balancing the playing field by giving users a way to learn, test and compete against other traders, ZeroSum mitigates many of the trading fee barriers and market forces that hinder retail trader success. 

This innovative model is predicated on rewarding participants for their inherent skills as traders. It does this by eliminating trading fees and access to unfair advantages commonly seen in the FX world. In reducing costs, unfair algorithms, risks of trust and preferential access to information, ZeroSum opens up windows of possibility for retail traders to learn, experiment and compete against peers — and earn while doing it. 

In short, ZeroSum is a live ecosystem where FX traders compete head-to-head in skill-based competitions. No trading fees. No high-frequency traders. No algorithmic trading.

The ZFX Token fuels the ecosystem by serving as the conduit for exchanging and extracting monetary value from these fantasy competitions.  

Built on the Ethereum blockchain, the tokens are designed to be highly transferable. It’s here where the ZeroSum platform aims to be the platform for all blockchain prediction markets competing against the likes of Augur and others in this nascent niche. Through the enabling of third-party application programming interface (API) support, a sentiment engine and the opportunity to create competitions tied to a data feed, the opportunities are immense. 

This ZFX tokenized model was seeded by a number of Wall Street traders who together brainstormed ideas about how to teach retail trading investors the tricks of the trade. They applied the concept of fantasy football to the world of trading so that both new and experienced traders could practice, learn and compete against one another. It’s designed to function as a peer-versus-peer platform, where winners of each competition take home real money. (ZFX tokens can be sold on the market for USD or other currencies.)

This concept, which has been in development since 2016, currently has thousands of active users who have tested it in beta. Over $300,000 of seed capital was initially raised for platform development and the beta launch. 

ZeroSum fantasy trading is experiential in the sense that users can participate without risking a ton of capital for FX trading or for cryptocurrency. By way of example, an otherwise reluctant newbie may see it as a way to test new investment strategies or try new options. For these reasons, it’s a great way to get started for those unfamiliar with the deeper nuances of the industry. 

The Road Forward

The ZeroSum fantasy trading target market consists of FX, stock, cryptocurrency and retail investors in the U.S., primarily in Chicago and on the East and West Coasts. Three emerging trends are informing this path ahead: 

  1. FX markets continue to move the most amount of money per day.
  2. Cryptocurrency markets are highly volatile and will get more so as institutional investors pour into the space (through futures trading, options trading and more).
  3. Educating investors through a hands-on approach, where they can test, try and learn — without having to invest a lot of money or spend huge amounts on FX or cryptocurrency trading fees.

ZFX aims to become the fundamental means of exchange for fantasy competitions of any type that have a reliable data feed. Think FX competitions, stock trading competitions, weather prediction competitions, traffic prediction competitions — literally anything that has a reliable and accurate data feed will be possible.

The ZFX token sale is scheduled to begin January 3, 2018. This will allow further development to take place in terms of the platform, including more trading competitions as well as a sentiment data feed to find alpha signals. It is expected that the token will be listed on exchanges shortly thereafter. 

Included is a token bounty program where participants can earn up to 75 million ZFX tokens. It allows users to participate interactively and earn entries for every new participant they bring into the program.

Click here for more information and to sign up.

Note: Trading and investing in digital assets is speculative and can be high-risk. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice.

The post ZFX Token Fuels Investor Experiential Learning appeared first on Bitcoin Magazine.