Adidas launches its first NFT wearables collection
German sportswear company Adidas Originals (Adidas Originals) introduces its first NFT wearables collection powered by blockchain. The 16-piece collection is available in the wallets of holders of its capsule collection. Adidas Originals’ efforts to further its community-based, member-first, open metaverse strategy are accelerated by the launch of the NFT collection, which the leading sports brand […]
El Salvador to purchase 1 BTC daily
El Salvador’s President has declared that starting Nov. 17, the country will purchase 1 BTC daily. El Salvador currently holds 2,381 BTC with a total investment of $103 million. El Salvador, the first country in the world to accept Bitcoin as legal cash in September 2021, is restarting its BTC purchases after pausing for several […]
Temasek will reduce its $275 million investment in FTX to zero
Temasek, the national investment fund of Singapore, is getting ready to write off the entire $275 million it invested in FTX. Notably, throughout two funding rounds from October 2021 to January 2022, Temasek contributed $210 million for a minority stake of 1% in FTX International and invested $65 million for a minority stake of 1.5% […]
FTX endorsements lead to lawsuit against Tom Brady and others
According to the lawsuit, Bankman-Fried, the exchange, and the celebrities may have participated in a plan to mislead investors. Everyone in the cryptocurrency world is buzzing about the collapse of the FTX exchange. Not only have investors voiced their concerns, but authorities from all around the world have also noted the scandal as a turning […]
TSM halts $210 million sponsorship agreement with FTX
Esports organization Team SoloMid (TSM) has suspended its $210 million sponsorship deal with the defunct FTX crypto exchange Following the shocking collapse of the cryptocurrency trading platform last week, professional esports organization Team SoloMid (TSM) (formerly TSM FTX) has suspended its $210 million sponsorship agreement with the defunct FTX crypto exchange “effective immediately.” The news […]