Los Angeles Financial News
16.02 / 17:49
Adoption
NFT
Sport
Non-fungible tokens
Deal
Bybit Enters USD 150M Deal with Red Bull F1 Team; Plans Fan Token, NFT Collaboration
Bybit, one of the top 10 crypto exchanges by spot volume, has entered into a major sponsorship agreement with the Formula One team Oracle Red Bull Racing, with the exchange now taking on a new role of the “Issuance Partner” for fan tokens and non-fungible tokens (NFTs) for the racing team.
15.02 / 15:35
Adoption
Sport
Entertainment
Bitcoin
Canadian Rapper Drake Nets USD 300,000 From His Bitcoin Bet on the Super Bowl
Massively popular Canadian rapper Drake has profited USD 300,000 from his three bets cumulatively worth USD 1.26m worth of bitcoin (BTC), on the Super Bowl match between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals.
11.02 / 14:29
Adoption
Sport
Betting
Bitcoin
Drake bets $1.3M in Bitcoin on Bengals vs Rams Super Bowl match
Drake spends his time betting more than a million in Bitcoin (BTC) on Super Bowl matches when he's not running through the six with his woes.
09.02 / 23:09
Sport
coinbase
eToro
Bitcoin
crypto trading platforms
5 Crypto Trading Platforms and 1 DAO are Set to Air Ads During Super Bowl
The upcoming Super Bowl in the USA, the annual playoff championship game of the National Football League (NFL), will be inundated with crypto ads as at least five crypto trading platforms and one decentralized autonomous organization (DAO) have paid up to USD 7m each to reserve a 30-second ad slot.
07.02 / 14:49
UPS
Shell
Crypto ads will dominate the Super Bowl as sector ups marketing push
Who will dominate Super Bowl LVI? Madison Avenue’s money is on crypto.
07.02 / 12:27
UPS
Binance
Crypto Ads to Pop up in Super Bowl
Cryptocurrencies may dominate this Super Bowl ad, emerging as the winner. Coinbase Global Inc., the largest U.S. exchange, as well as exchanges FTX and Crypto.com will all be involved, according to a person familiar with the matter. Canadian exchange Bitbuy had an advertisement during the Canadian broadcast.
04.02 / 17:20
business
Sport
NFL to offer virtual NFT tickets at Super Bowl in Los Angeles
The NFL officially announced Wednesday that each fan who attends Super Bowl LVI in Los Angeles on Feb. 13 will receive a unique customized NFT.
28.01 / 20:51
business
Blockchain
Sport
education
LeBron James and Crypto.com team up for blockchain education initiative
In a press release published Friday, three-time NBA champion and Los Angeles Lakers forward LeBron James will partner with digital currency exchange Crypto.com to support educational and workforce development opportunities focused on Web 3.0. Specifically, as told by local news outlet Akron Beacon Journal, the partnership will help 1,600 kids in LeBron James' hometown of Akron, Ohio about the technology behind cryptocurrencies and how it will benefit their career paths in the future.
28.01 / 17:39
business
Law
Adoption
Staying cool: Is crypto snowballing to 1 billion users this year?
Crypto.com raised a few eyebrows this past week when it announced cryptocurrency users worldwide could reach 1 billion by the end of 2022.
28.01 / 02:31
markets
Ethereum
SEC
Ethereum 2.0
Bears
Bears target new lows for Ethereum as Friday’s $1.1B options expiry approaches
Ether (ETH) price tumbled below the $3,000 support on Jan. 21 as regulatory uncertainty continues to weigh down the sector and rumors that the United States Securities and Exchange Commission is reviewing DeFi’s high-yield crypto lending products continue to circulate.
27.01 / 12:31
regulation
Fraud
IRS
Tax
IRS Says It Is Fighting ‘Mountains’ of Crypto & NFT ‘Fraud’ and Celebrity Shills
The United States tax body, the Internal Revenue Service (IRS), says it believes the crypto and non-fungible token (NFT) space is beset with “fraud” – and has warned that celebrities promoting crypto on social media could face probes.
27.01 / 05:31
Blockchain
Fraud
IRS
Taxes
Future
IRS special agent: Crypto's the future but there are ‘mountains of fraud’
A top special agent from the Internal Revenue Service has told a conference that NFTs and crypto are the “future” but highlighted that fraud and manipulation is still rampant in the space.
26.01 / 08:41
business
Sport
Bitcoin
Bitcoin Price
NFL star's massive tax bill highlights problems with BTC salaries
NFL Star Odell Beckham Jr's (OBJ) decision to take his $750,000 salary in Bitcoin appears to have cost him dearly due to the market crash after he signed the deal. Owing to the vagaries of cryptocurrency tax laws and current prices, OBJ is estimated by some to have made 61% less than if he’d taken his salary in fiat.
25.01 / 17:13
19.01 / 06:35
business
Sport
partnerships
Bitcoin
Heavyweight champ to take 50% of his UFC 270 purse in Bitcoin
UFC heavyweight title holder Francis Ngannou has announced he will take half of his UFC 270 prize purse in Bitcoin (BTC) via Cash App.
18.01 / 17:44
Provident
Toyota
Deal
Australian
Crypto.com Signs 5-Year Deal with Australian Football League, Worth $25m Sponsorship
Hong Kong-based Crypto.com — one of the most fastest-growing cryptocurrency exchanges, said Monday, January 17, that it has signed a five-year partnership agreement with the Australian Football League (AFL).
17.01 / 17:37
Blockchain
Ethereum
Adoption
Bitcoin
Crypto Jobs Boomed In 2021 Amid Funding Influx - LinkedIn
Crypto-related job postings skyrocketed in 2021, indicating disruption across industries, according to a recent analysis by employment-oriented social media platform LinkedIn.
17.01 / 08:19
business
Sport
Football
Deal
Australian
Australian women’s football team secures $75M deal with Crypto.com
In what comes as the first major crypto sports sponsorship deal down under, the Australia Football League (AFL) has secured a partnership with Crypto.com to back its women’s league (AFLW).
15.01 / 00:37
business
Disney
virtual reality
Going meta: Disney, Second Life and K-pop
Following the announcement that Facebook’s parent company would be rebranding in a shift towards the Metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer.
13.01 / 11:07
cryptocurrency
Lawsuit
Kim Kardashian, boxer Floyd Mayweather sued for allegedly misleading investors about cryptocurrency token
A lawsuit has been filed against American reality TV star Kim Kardashian and boxer Floyd Mayweather Jr for allegedly misleading investors about a cryptocurrency token.
13.01 / 10:51
NATO
London
Disaster
Italy marks ten years since the Costa Concordia ship disaster
Italy will mark the 10th anniversary of the Costa Concordia cruise ship disaster on Thursday with a daylong commemoration.
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