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Tag Archives: nba

Voyager Digital Investors Sue NBA for Promoting the Failed Crypto Lender

CoinspeakerVoyager Digital Investors Sue NBA for Promoting the Failed Crypto Lender The lawsuit also names Voyager Digital’s law firm McCarter & English. It is alleged that the firm played on its credibility to issue a bogus "legal opinion" that Voyager’s native utility token Voyager Token (VGX) was not an unregistered security. Voyager Digital Investors Sue NBA for Promoting the Failed Crypto Lender

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Coinbase Is Now the Official Crypto Exchange of the NBA

Coinbase has had an exciting week. After forming a partnership with Facebook to provide support and custody services for its new Novi wallet, the popular digital currency exchange is joining hands with the National Basketball Association (NBA), which some believe will make it possible to pay for merchandise and event tickets with crypto in the coming future. Coinbase Has Joined Hands with the NBA The sports association issued a press release claiming that Coinbase will...

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Crypto Is Closer to Adoption as NBA Team Launches First Blockchain-Based App

The Sacramento Kings launched a blockchain-powered app that allows fans to bid on game-worn gear. NBA is at the forefront of crypto adoption in professional sports. The Kings must start winning big games to help raise awareness of the potential of blockchain technology. Many people think that cryptocurrencies only serve as an alternative payment option. While there are coins that fit this bill, there are other cryptocurrencies that can perform a host of other...

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NBA’s Sacramento Kings Launch Auction Platform on Ethereum in Partnership with ConsenSys

NBA Basketball team Sacramento Kings has recently joined hands with blockchain software development studio ConsenSys for its new sports gear auction platform. On Tuesday, January 15, Kings announced its Ethereum-based live auction platform.Thus, fans can bid live for different in-game sports gear using Treum, a ConsenSys-backed supply chain product. The use of Ethereum blockchain will also ensure that every auctioned item is genuine and authenticate. Furthermore, it will also allow for a...

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Barcelona Is the Richest Football Club, Will It Turn to Tokenization?

For the first time, FC Barcelona came in the top leading place of the world’s most money-spinning football clubs regarding the annual league table. This also marked the transaction of power in London and the north-west.The Spanish champions saw their revenue grow to €840.8 million (£741.1 million) last year. This represents a record figure for any team and it is almost 10 % more than a domestic competitor Real Madrid has.Manchester United said its income was €711.5 million (£627.1 million) in...

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NBA Player’s Tokenized Investment Platform DREAM Not to Be a Dream after All?

Brooklyn Nets guard Spencer Dinwiddie is said to finally be issuing shares tied to his contract beginning January 13 through his DREAM platform. Just to remind y’all, in September last year NBA blocked this idea. The organization then claimed that Dinwiddie’s plan to bond one part of his contract earnings for a security token offering is against the league’s collective bargaining agreement.NBA wrote:“The described arrangement is prohibited by the C.B.A., which provides that ‘no player shall...

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Jayson Tatum from the Boston Celtics Saves His Whole NBA Salary

Strange as it may seem, the Boston Celtics star Jayson Tatum indicated that he has been saving 100% of his salary since joining the team. This season, $7.8 million is a sum that he will get. And according to him, he saves all of it and lives off his endorsement deals which include Honey Dew Donuts, Gatorade, and Imo’s Pizza. With the experiences of not having money when he was growing up, Jayson had his mother serving as a primary motivation who also encouraged him to develop prudent habits...

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Tencent to Lose Billions and Significantly Fall behind Alibaba Following NBA Streaming Mishap

Tencent Holdings Ltd, one of China’s biggest firms, generally has its hands in a little bit of every pie including gaming and sports. However, it would seem like there are dog days ahead for the giant firm, following a simple tweet in support of protests in Hong Kong.Back in 2018, Tencent successfully bagged a heavy and expensive deal worth $1.5 billion, which gave the company fully exclusive rights for streaming access to several games in the National Basketball Association (NBA) league....

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