News
Insights into the biggest events shaping the crypto industry.
Top College Football Pick Inks Bitcoin Contract With University of South Carolina
Top college football prospect Matai Tagoa’i is set to join football stars like Russell Okung, Odell Beckham Jr., and Trevor Lawrence by receiving his compensation in Bitcoin. The linebacker will be paid part of his earnings via the Strike app after signing a “name, image, and likeness” (NIL) deal with the University of Southern California (USC). The exact details of his package are not known, but some college football players, such as Shedeur Sanders, have received estimated payouts of up to $4....
Dec 19, 2024
Gaming
Everything You Need to Know About the ‘Tomarket’ Telegram Game Airdrop
Prominent Telegram crypto game Tomarket will launch its TOMA token on the Aptos network this week, following a late-breaking shift from The Open Network (TON). It’s almost time for players to reap what they have sown in the tomato-themed game, as the token is set to start trading soon. Tomarket has split its airdrop into at least three events. One already took place on October 31, but users could not withdraw or trade their tokens—this was more akin to revealing token allocations ahead of the ai...
Dec 19, 2024
Coins
BlackRock Has a New Bitcoin Video Ad—And Bitcoiners Hate It
The world’s largest asset manager BlackRock just debuted a new advertisement proselytizing the virtues of Bitcoin, but rather than cheer on the Bitcoin ETF issuer for its efforts, Bitcoiners aren’t happy. The video, which is housed on the iShares Bitcoin Trust (IBIT) ETF page on BlackRock’s website, spends three minutes walking viewers through the evolution of money and key fundamentals of Bitcoin. One of those fundamentals is Bitcoin’s 21 million fixed token supply. While the video explains t...
Dec 19, 2024
Law and Order
Satoshi Pretender Craig Wright Dodges Two-Year Jail Sentence
There he goes again. Craig Wright, the computer scientist whom a UK court ruled in March was absolutely not Satoshi Nakamoto, was found in contempt of court Thursday for continuing to assert his identity as the mysterious inventor of Bitcoin. Wright, who is believed to be in Asia and did not show up for the London hearing, faced as much as two years in the slammer, per UK contempt-sentencing guidelines. High Court Judge James Mellor suspended the sentence for two years, provided that Wright stop...
Dec 19, 2024
Business
Formula 1 Secures Multi-Year Renewal With Crypto.com in Sports Sponsorship Push
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum. The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022. The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Dec 19, 2024
Markets
Cathie Wood's ARK Invest Sells More Coinbase Stock Amid Bitcoin Plunge
Cathie Wood’s asset tech-focused investment firm ARK Invest has sold nearly $4 million in Coinbase stock (NASDAQ: COIN)—one of the biggest crypto-related equities—as Bitcoin and the rest of the crypto market take a hit after a period of massive gains. ARK’s Ark Fintech Innovation ETF (ARKF) offloaded 13,780 COIN shares worth $3.9 million, data from Wednesday shows. COIN is now priced at $274 per share—a 2% dip over the day. Over five days, it has fallen by 13%. Wood’s investment firm is one of...