As part of its years-long push towards using blockchain to empower its communities, Reddit has partnered with crypto exchange FTX, according to an Aug. 9 press release. The partnership will enable Reddit users to use FTX Pay to pay for gas fees of Community Points transactions. In 2020, Reddit launched...
The funds promised to the U.S. National Women's Soccer League (NWSL) players by Voyager Digital in a sponsorship deal may not materialize as the lender filed for bankruptcy, Sportico reported Aug. 1. The league has informed the players that there's little hope of receiving the funds from Voyager, according to the report. The NWSL had...
Socios.com is investing $100 million in Barca Studio for a 24.5% stake and aims to accelerate blockchain, non-fungible token (NFT), and digital assets innovation for FC Barcelona. Barca Studios was launched in 2019 as the club's platform for...
Crypto payments infrastructure provider Ripple revealed in its second-quarter earnings report on July 28 that it saw a significant increase in the demand for its associated XRP token. Ripple continues to grow Ripple has been able to make major strides when it comes to increasing the utility of its XRP ledger and On-Demand Liquidity (ODL)...
Reports have emerged that Helium (HNT) has misled the public about its partnerships. According to the reports, the company has no collaboration with Lime or Salesforce, as it touts on its website. No Lime partnership A Mashable report revealed that Lime does not have any partnership with Helium. The...
Crypto custody firm Copper has raised significant capital from one of the U.K.'s largest banks, Barclays, which is looking to acquire a stake in the firm, Sky News reported. Copper is a unicorn valued at roughly $2 billion and advised by former British Chancellor of the...
Polkadot-based NFT project Moonsama has announced that it integrated SocialKYC on its Multiverse Bridge, allowing users to sign in using their wallets instead of usernames and passwords. Moonsama integrated this feature through a partnership with KILTprotocol using its Sporran Wallet and SocialKYC credentials. The new feature allows users to log in to their Moonsama account using SocialKYC credentialst. It will...
Bitcoin (BTC) investment firm NYDIG announced a multi-year partnership with the American baseball team, the New York Yankees, on July 14 to become the team's official Bitcoin Payroll Platform. The deal will allow the Yankees employees to convert a portion of their paycheck...
Citadel Securities' global head of business development, Jamil Nazarali, quit his position to lead a joint venture firm aiming to increase investors' access to crypto. The venture firm is a...
USD Coin (USDC) issuer Circle has partnered with New York Community Bancorp in a deal that will see the bank’s subsidiary, New York Community Bank, become a custodian for the stablecoin’s reserves, Circle...
The National Hockey League on Thursday announced its partnership with NFT Marketplace Sweet. This partnership will be the league's first dive into digital collectibles. The partnership, of which the NHL's players and Alumni's association are part, will go live in October to mark the start of the 2022-2033 NHL season. The NHL Marketplace...
British luxury car manufacturer Bentley Motors Limited is dipping its toes into the Web3 ecosystem with the launch of a non-fungible token (NFT) collection on Ethereum scaling platform Polygon, the company...
Research and analytics company, Quantum Economics, will partner with LitBit Finance to incubate and accelerate startups in the blockchain industry. The two companies aim to combine their resources to identify new crypto projects with significant potential and help them achieve their goals. With the combined knowledge, experience, and unique approach to the crypto industry, the companies intend to make a real change in...
Crypto lending platform BlockFi has signed a term sheet with leading crypto exchange FTX to secure a $250 million revolving credit facility, BlockFi CEO Zac Prince announced June 21. Today @BlockFi signed a term...
New York Post reveals that cryptocurrency companies are cutting costs by pulling out of sponsorship and marketing deals as the crypto market crashed to its lowest in almost two years. FTX pulls out of sports deal Leading crypto exchange FTX, one of the biggest ad spenders in the industry,...
The Bank of Israel has joined hands with the Hong Kong Monetary Authority to test a new central bank digital currency (CBDC), Bloomberg News reported on June 16. The project is scheduled to start in Q3, the publication reported, citing the Bank of Israel. The initiative...
Binance users will now be able to access ride-hailing services through the platform. Changpeng Zhao, Binance CEO, broke the news of the partnership announcement with Splyt on Twitter. A press release on Splyt's website revealed details of the partnership. Splyt said the partnership would see Binance become the first-ever cryptocurrency company to offer ride-hailing on its platform. The...
The Ethereum sidechain scaling solution, Polygon (MATIC), is making waves in onboarding major brands into web3. When everyone is talking about web5 and a potential future internet built upon Bitcoin, Polygon is showcasing the potential of web3. Writer for TodayinPolygon,...
Resorts World Las Vegas and Theta Labs have teamed up to release composite NFTs that will offer luxury experiences to buyers. The composite NFTs -- essentially NFTs within an NFT -- have to be redeemed before Nov. 1 and will be released in two separate packages. In addition, a third commemorative NFT will be made available for a price of $10 on Theta...
Sustainability-focused blockchain foundation VeChain (VET) has inked a multi- year deal with UFC, the world's leading mixed martial arts (MMA) organization. The deal makes VeChain the first 'Official Layer 1 Blockchain Partner,' which will receive marketing visibility on UFC assets and events, according to a June 9...
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