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FTX Scores USD 210M Deal In E-Sports, Olympic NFTs + More News
4.6.2021
Sam Bankman-Fried, CEO of FTX. Source: A video screenshot, Youtube/FTX Official
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Exchanges news
TSM, one the most valuable e-sports company...
FTX crypto exchange seals $210M naming rights deal for esports behemoth TSM
4.6.2021
Sam Bankman-Fried’s FTX crypto exchange has completed another mega naming rights deal this time with esports giant TSM
MLB Steps Into the NFT World by Entering a Long-Term Partnership With Candy Digital
2.6.2021
On June 1, Major League Baseball (MLB) reporter David Adler announced the MLB organization established a long-term deal with the digital collectible company Candy Digital. The oldest American professional baseball organization is stepping into the non-fungible token (NFT) collectibles world...
Circle Captures $440 Million in Financing, Rumors of SPAC Deal Follow
29.5.2021
The Boston-based cryptocurrency finance firm Circle has announced the company has raised $440 million in financing in order to “drive market expansion and growth.” The investment was led by prominent finance firms like Digital Currency Group, Fidelity Management and Research Company...
3 South Korean Banks Say They Won’t Deal with ‘Risky’ Crypto Exchanges
25.5.2021
Three of South Korea’s five biggest banks, Woori, Kookmin (KB), and KEB Hana, have said they do not want to work with crypto exchanges, claiming the sector is “too risky” – a decision that may well jeopardize the future of even the country’s major exchanges.
Cryptonews.com approached a number...
Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption
23.5.2021
Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto...
Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies
20.5.2021
The Coronavirus pandemic has driven people to take advantage of new business lines to deal with the economic crisis, and cryptocurrency is once again a headliner. Internet cafe owners in China are using their facilities to set up crypto mining farms after temporarily shutting down in 2020. Owners...
Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’
18.5.2021
Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase...
Real Estate Listings Accepting BTC Touch Record Highs, 14.3 Homes per 100,000 Accept Crypto
8.5.2021
Bitcoin and the crypto economy have been making their way into the world of real estate these days. A recently published report shows that Realtor.com data indicates that people selling property for crypto assets have risen a great deal. Statistics show that there are 14.3 crypto accepting listings...
Crypto Payment Firm Simplex Acquired by Publicly-Listed Canadian Firm Nuvei for $250 Million
8.5.2021
The publicly-listed Canadian firm Nuvei Corporation announced the acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million. The deal is pending regulatory approval and Nuvei expects Simplex to “enhance” the firm’s portfolio of alternative...
Treasury Secretary Yellen Says US Does Not Have Framework ‘up to the Task’ of Regulating Cryptocurrencies
5.5.2021
U.S. Treasury Secretary Janet Yellen says that the U.S. does not have an “adequate framework” to deal with all the different issues posed by cryptocurrencies, such as money laundering and illicit financing. According to her, there is no framework that’s “quite up to the task...
Galaxy Digital To Acquire BitGo In a USD 1.2B Deal
5.5.2021
Mike Novogratz. Major financial services and investment management firm Galaxy Digital has agreed to acquire crypto services provider BitGo.
"The acquisition will position Galaxy Digital as a leading global full-service platform for institutions seeking access to the crypto economy, offering...
NFL wunderkind Trevor Lawrence inks crypto endorsement deal with Blockfolio
26.4.2021
The NFL draft prospect has already received the first part of his bonus payment in crypto
Bitgo Chosen to Manage Seized Cryptocurrencies for the US Marshals Service
23.4.2021
The U.S. Marshals Service has published a contract showing the crypto custodian Bitgo has been chosen to manage law enforcement’s seized bitcoin acquired through criminal forfeiture. The contracted deal is $4.5 million for the storage, maintenance, and disposal of cryptocurrencies according...
DMCC strikes deal to build blockchain-based precious metals refinery in Dubai
21.4.2021
The precious metals refined on the site will be tokenized and traded on the DMCC Gold Exchange platform
2 Cents per Kilowatt Hour: Bitfarms to Launch a 210 MW Bitcoin Mining Operation in Argentina
21.4.2021
The Canadian publicly traded bitcoin mining company Bitfarms has announced a deal that will see the company developing a 210 megawatt (MW) mining farm in Argentina. Bitfarms says that the company was able to secure a low electricity rate at $0.02 per kWh during the contractual period....
Communist Party of Cuba Suggests Including Cryptocurrencies as an Alternative to Deal With Economic Crisis
20.4.2021
When a country faces a severe economic crisis or living in a long-lasting political turmoil, cryptocurrencies are often discussed as an alternative to deal with the tough times. Although cryptos are not an unfamiliar issue in Cuba, the Communist Party of Cuba (PCC) has been recently showing...
Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million
10.4.2021
The Shanghai-based online game operator, The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9’s binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin...
English Football Club Signs Sponsorship Deal That Includes Option of Being Paid Bonuses in Bitcoin
9.4.2021
Southampton Football Club, a soccer team currently ranked 13th in England’s Premier League, recently signed a new sponsorship deal that includes an option for the club to be paid certain performance-based bonuses in bitcoin. The deal also extends the club’s partnership with...
Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos
9.4.2021
Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline...