FC Barcelona, Man City canceled crypto deals show cash is not everything
The sports industry should heed the warning signs as they adopt emerging blockchain technologies such as NFTs, experts warn. The sports industry took a hard hit from the coronavirus pandemic. Most leagues got suspended, and then teams played without the audience for an extended period. Sports clubs started to seek out new revenue streams, and the crypto industry arrived to aid with juicy deals. Numerous partnerships between major sports clubs grabbed headlines over the last year. Even national teams and major club unions joined the trend. So, it became even more surprising when FC....
Related News
Crypto.com and FTX scored ad spaces for their brands at the biggest sports event of next year — the Super Bowl. Crypto exchange platforms Crypto.com and FTX will run advertising commercials at the Super Bowl LVI 2022 on Feb. 13. Both exchanges have been working tirelessly to establish their brands and penetrate the United States market. Super Bowl advertisements are known to be very costly, with rates going above $5 million for just 30 seconds. Some sponsors are even willing to pay up to a record high of $6.5 million for the same air time. Recently, Crypto.com also announced a partnership....
The non-fungible token (NFT) market has exploded in recent months. It has seen adoption in many different sectors, including music, food, and sports. Earlier this month, FC Barcelona announced a partnership with premium NFT marketplace Ownix to make the Club’s NFTs. This partnership was, however, short-lived as FC Barcelona on Thursday canceled the deal. The termination came just […]
Despite Turkish government regulations having hamstrung Bitci’s soccer sponsorship deals, footballing crypto companies already have home-field advantage. The world’s most popular sport suffered an own-goal as European clubs canceled their partnerships with Bitci, a Turkish crypto exchange. However, plenty of substitute crypto companies are on the bench, ready to bring crypto to the mainstream through soccer.Growing yet unclear cryptocurrency regulations in Turkey have reportedly hampered the company’s ability to make payments, leading to a lack of confidence among major soccer....
Ada Colau, Barcelona's new mayor has made good on her campaign promise to create a local digital currency to help stimulate local commerce and spending within the city limits, along with other benefits. The city of Barcelona, capital of the Catalonia - an autonomous community in Spain is in currently at the throes of a heightened local movement to break away from Spain. Although the Spanish constitution explicitly disallows any region in the country to secede from the state, pro-independence parties won a clear majority of seats in Catalonia's parliament during the most recent elections.....
The first Bitcoin ATM has been installed on February 22th in Barcelona. Image Source. Bbank is the company that distributes the Bitcoin ATMs, and PayMaQ the company that manufactures them in Spain. In Spain, there are not special laws for Bitcoin, so Bitcoin ATMs are regulated by the same laws as vending machines and you do not need a special permission to install them. The company has two different versions. With the first version, users can only buy Bitcoin with cash in euros using bill from 20 to 500€. The second version is still under development, and it will be ready in the next....