Why Are Athletes Demanding To Be Paid In Bitcoin?
What's factoring into the growing trend among professional athletes and sports teams to use bitcoin as a means of exchange?The Sacramento Kings of the National Basketball Association (NBA) recently made headlines when their owner Vivek Ranadive announced that in the near future, anyone in the organization (players, coaches, and staff members) who wants to will be able to receive a portion (or all) of their salary in bitcoin. Soon, any player on the Kings who wants to be paid in bitcoin will easily be able to do so, despite the past difficulty other professional athletes have encountered....
Related News
Athletes and entertainers announcing new non-fungible token (NFT) releases have recently become a near daily occurrence. Sports agency Wasserman announced this week that several of their top-tier female athletes will be the forefront of a new NFT release, including US Women’s National Team star Megan Rapinoe and eleven-time WNBA All-Star Sue Bird. Wasserman titled the […]
Worldwide nonfungible token trading was worth around $40 billion in 2021, and it has since attracted some big names in the sports industry. Athletes have been known to invest in a range of assets and businesses, but now they're also getting into cryptocurrency and blockchain.Nonfungible tokens (NFTs) are a relatively new form of tokens that allows for the exchange, trade and ownership of unique digital assets. According to market data, worldwide NFT trading was worth around $40 billion in 2021, and now some professional athletes have joined the movement.I just acquired MAYC #10442 from my....
An NFL player for the Kansas City Chiefs, Sean Culkin, has joined the ranks of players and athletes demanding to receive their salaries in Bitcoin and other cryptocurrencies. The National Football League (NFL) tight end stated that he would be converting his entire 2021 salary into bitcoin. He said this in a series of tweets […]
Three U.S. senators have urged the United States Olympic & Paralympic Committee to forbid American athletes from receiving or using digital yuan during the Beijing Olympics. Raising many concerns, including privacy, they warned, “Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale.” US Senators Raise Concerns About China’s Digital Yuan Three U.S. senators wrote a letter to Susanne Lyons, the chairman of the board of the United States Olympic & Paralympic Committee (USOPC), Monday....
BleepingComputer claims to have evidence that the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm.