• Spencer Dinwiddie Cred savings platform
    Brooklyn Nets star Spencer Dinwiddie's latest crypto foray is a savings and loan platform (Photo: Eric Drost via Wikimedia Commons)
    Cryptocurrencies,  People

    NBA star Spencer Dinwiddie teams up with Cred for crypto lending, savings

    With plans to tokenize his salary yet to materialize, the Brooklyn Nets’ guard is offering fans 10% interest and cryptocurrency-backed loans.

    March 24, 2020 /

    As he still battles to tokenize his lucrative NBA contract, Brooklyn Nets star Spencer Dinwiddie has come up with a back-up plan: offering a savings platform for cryptocurrencies. Through the partnership with Cred, a California-based lender, users can “pledge” digital assets such as Bitcoin and Litecoin—as well as stablecoins including Tether. In return, Dinwiddie says he is promising up to 10% interest at maturity

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  • Spencer Dinwiddie Cred savings platform
    Brooklyn Nets star Spencer Dinwiddie's latest crypto foray is a savings and loan platform (Photo: Wikimedia Commons)
    Cryptocurrencies,  Innovators,  Regulation

    Spencer Dinwiddie plans rebound from NBA $13.5 million tokenization rejection

    The Brooklyn Nets star guard plans to meet with the league to argue that selling a cryptocurrency backed by his $34 million contract doesn’t violate NBA rules

    September 30, 2019 /

    Despite league opposition, Brooklyn Nets star and cryptocurrency enthusiast Spencer Dinwiddie hasn’t given up on plans to tokenize his $34.4 million contract and sell it to investors on the Ethereum blockchain. On September 26, Dinwiddie announced plans to offer tokens worth up to $13.5 million of his three-year contract to investors, trading up-front cash for his per-game payments. His contract is guaranteed, so investors would not lose their money if he is injured. The next day, the NBA told Dinwiddie that the plan violated the league’s collective bargaining agreement with the National Basketball Players Association, which says a player cannot “assign or otherwise transfer” his salary, the New York Times…

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  • UFC fan tokens
    Chiliz hopes for a first-round knockout with fan tokens for mixed martial arts league UFC (Photo: DVIDS)
    Cryptocurrencies

    UFC fan tokens coming to the Octagon

    A partnership with Chiliz, a blockchain-based fintech firm, means fans will be able to collect tokens and access ‘once-in-a-lifetime experiences’

    May 7, 2020 /

    The Ultimate Fighting Championship mixed martial arts league has entered into an exclusive partnership with Chiliz, a fintech company that helps major sports engage with their fans and monetize their base.

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