Category: <span>Crypto Currencies</span>

The past three days have revealed more grim details about the collapse of one of the world’s biggest crypto exchanges. NBA legend and businessman Shaquille O’Neal, a known spokesman for FTX had some harsh words for the industry as a whole. “A lot of people think I’m involved, but I was just a paid spokesperson...

Amazon has announced that they working on a new tv show around the failure and collapse of FTX. The retail giant has joined forces with Russo Brother to work on the TV production.   “We are excited to be able to continue our great working relationship with David, Joe, Anthony, and the AGBO team with this...

Kris Marszalek took to YouTube Monday to reassure users on Crypto.com that everything is okay after the collapse of rival firm FTX. “Our platform is performing business as usual. People are depositing, people are withdrawing, people are trading, there’s pretty much normal activity just at a heightened level,” Marszalek said. Oops: Crypto.com mistakenly sent $400 million worth...

Crypto exchange filed for chapter 11 bankruptcy last week Friday where the founder and former chief executive Sam Bankman-Fried said he expanded his business too fast and failed to notice signs of trouble at the exchange, whose downfall sent shock waves through the crypto industry according to the New York Times. “FTX faced a severe...

At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange’s founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried’s trading company Alameda Research, the people told Reuters. A large portion of that total has since disappeared,...

Lionel Messi becomes the latest soccer star to sign a sponsorship deal with Bitget, a cryptocurrency and web3 platform. The deal is reportedly worth US$20 million over three years. According to Singapore-headquartered-based Bitget, the deal will give fans of the Argentinean and (PSG) Paris Saint-Germain forward the opportunity to explore Web 3.0 and the potential...

One of South Africa’s largest grocery retailers Pick n Pay is expanding a pilot of adding cryptocurrency as a payment option to more stores after the successful completion of the first phase, it said on Tuesday. The announcement came weeks after the Financial Sector Conduct Authority formally declared crypto assets as a financial product in...

Business magnate and basketball hall of famer Maic Johnson announced the acquisition of football and basketball franchises in SIMWin Sports.  SimWin Sports is the first professional sports league where virtual teams and athletes compete 24/7/365 to fuel on-demand fantasy sports contests. The teams are all owned by sports figures, celebrities, and investors. Businesswire reports that...

Gary Vaynerchuk announced that VeeFrends has partnered with ToysRus and Mecy’s to launch a limited series of figures and plush collectible characters. The collection was launched on October 17th in US and International.  The collection, “brings the VeeFriends characters to life, from digital NFT to physical collectibles, allowing for the first time anyone the chance...

Liverpool partners with Meta to sell branded sportswear in Metaverse  English premier league side Liverpool Football Club have partnered with Meta to create a digital clothing line for fans to buy their digital avatars in the metaverse. The Merseyside is the first European soccer club to strike such a deal with social media giant Meta. ...