With the pandemic severely hurting ticket sales in the past two years, sports teams and franchises need new ways to generate new revenue. Several exchange platforms have been perfectly capitalizing on this opportunity presented to them, making deals for millions to hundreds of millions of dollars. Crypto.com, a large exchange platform with more than 90 coins listed, has been one of the main companies focusing on partnering with big names in sports. They made a $175 million, 10 year deal, which also happens to be UFC’s biggest sponsorship to date. Fighters wear merchandise with the website name “Crypto.com” made very visible and you can also see the website name written…
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Markets Report: Bitcoin bulls lie in wait as ‘New Era’ for adoption begins
This week has been a landmark for institutional Bitcoin moves, say analysts, but price has yet to reflect their excitement
“Morgan Stanley’s announcement to offer bitcoin to their clients ($5T) in April ushers in a new era,” Eric Weiss, CEO of Bitcoin Investment Group, concluded. “A tidal wave of money is about to flow into bitcoin. Every major bank will follow. Nothing will ever be the same.”
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The government can't build a digital dollar without help, according to Federal Reserve Chairman Jerome Powell (Photo: Wikipedia)Building digital dollar requires private sector’s help: Fed Chairman
Jerome Powell told an international financial conference that ‘the private sector has the experience and expertise’ needed to help build digital currencies
The chairman of the Federal Reserve said today that the U.S. government will have to work with private firms to improve the way money is moved around the world. Speaking via video at a Bank for International Settlement (BIS) conference in Basel, Switzerland on March 18, Jerome Powell acknowledged that the current system of cross-border payments needs to be improved and digitalized. He said: “The COVID crisis as brought into even sharper focus the need to address the limitations of our current arrangements for cross-border payments.” It has, he said, “shined a light on the less efficient areas of our current payment system and accelerated the desire for improvement and digitalization.” A key…
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On heels of Morgan Stanley boost, BTC trashed by Bank of America, Investopedia
BoA analysts say Bitcoin is ‘impractical as a store of wealth,’ while an Investopedia investors survey finds 62% believe it is in a price bubble
According to financial news site The Street, BoA analysts on March 17 called Bitcoin “impractical as a store of wealth or payments mechanism,” adding, that there is no good reason to invest in Bitcoin “unless you see the price going up.” Beyond that, Investopedia editor-in-chief Caleb Silver said a survey showed the only bubble investors are worried about is Bitcoin.
