FTX, $210 million e-sports deal for Olympic NFTs + more news

Get your daily summary of cryptocurrency and blockchain-related news, analyzing the stories that fly under the radar of today’s cryptocurrency news.

Sam Banksman-Fried, CEO of FTX. Source: Video Screenshot, Official Youtube/FTX

exchange news

  • tsm, One of the Most Valuable E-Sports Companies in the United States Is Changing Its Name TSM FTX — and $210 million has been paid out over 10 years, with the New York Times reporting that popular crypto derivatives exchange FTX, led by Sam Bankman-Fried, will pay the dues. According to the report, the $21 million annual payout exceeds the many deals that companies have made in recent decades with traditional sports teams in stadiums and arenas to keep their names.

NFT News

  • A new Olympic-themed series of non-fungible tokens (NFTs) will be launched on June 17, 2021. International Olympic Committee (CIO). The NFTs will represent Olympic pins with all the same characteristics as physical collectibles, including authenticity, rarity and origin, and will be sold on the technology platform. nWay And can be obtained through a free online game, which will be launched later.

economy news

  • In the United States, non-farm payrolls surged 559,000 jobs last month, according to Reuters, with economists interviewed by this news agency projecting the creation of 650,000 jobs in May. The unemployment rate fell to 5.8% in April from 6.1%.

regulation news

  • According to Bloomberg, the Indian central bank is not changing its opinion on cryptocurrencies, saying that there are “big concerns” about these asset classes. The claim comes just days after the bank announced that their 2018 circular, which warned against cryptocurrency trading, is no longer valid and should not be cited.
  • According to The Guardian, about 50 cryptocurrency companies could be forced to close due to non-compliance with anti-money laundering regulations. Financial Conduct Authority (FCA) United Kingdom. The companies withdrew applications from a provisional authorization arrangement that would keep them in business, while the FCA verifies their services for which the authority extended the deadline to the end of the first quarter of 2022.
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investment news

  • financial services platform unchained capital said it raised $25 million in a Series A funding round led by the financial services firm No and its parent company Stone Ridge Holdings Group. NYDIG has pledged a total of $150 million to Unchained and the funds will be used to develop the bitcoin-backed multisig lending platform (BTC).
  • Institutional clients will have access to Ethereum-backed USD (ETH) loans due to partnership between digital asset platforms Anchorage Digital and commercial banks bankprovHe also added that crypto-native funds with ETH holdings, which require capital, will be able to borrow dollars without liquidating their holdings.

Mining News

  • data management solutions company Sphere 3D Said he was joining the mining company bitcoin griffon digital mining, To help advance Gryphon’s goal of using 100% renewable energy. The merger is expected to close in the third quarter of 2021. Sphere 3D will issue 111 million common shares to Griffon shareholders – Sphere 3D shareholders will own approximately 23% of the company and the remainder will be owned by Griffon shareholders.

career news

  • cryptocurrency company Blockchain.com said that it has moved its headquarters from New York to Miami. The move will allow the team to tap into the region’s talent pool and hire 100 full-time employees by the end of this year, with another 200 to follow in 2022. They will also add educational programming to STEM (Science, Technology,) South Florida. Engineering and Mathematics).

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About the Author: Piers Parker

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