Connect with us

Bitcoin News

Bitcoin Data Giant CoinMarketCap Sponsors Major Israeli Football Club

Published

on

By CCN: Crypto price-tracking website CoinMarketCap is sponsoring the Beitar Jerusalem Football Club, an Israeli soccer team. And Israel’s most famous footballer, Yossi Benayoun, is a bitcoin investor. Benayoun retired from Beitar Jerusalem last month.

Beitar Jerusalem Scores CoinMarketCap Sponsorship

Luke Wagman, the CEO of CoinMarketCap, proudly touted the news on Twitter. A giddy Wagman even suggested that CoinMarketCap’s sporty new uniforms brought Beitar Jerusalem some good luck in a friendly match against Madrid.

“Thrilled to be featured on the Beitar Jerusalem Football Club’s uniforms yesterday in their match versus Atlético Madrid. They won 2-1! It is exciting to see crypto getting more mainstream attention.”

bitcoin giant coinmarketcap sponsors israeli football team

Crypto price tracking platform CoinMarketCap is sponsoring the Beitar Jerusalem Football Club. | Source: Luke Wagman/Twitter

Blockchain executive Alexandre Dreyfus congratulated Wagman, saying this is the just the beginning.

Dreyfus tweeted: “Football and crypto 😉 Getting there.”

Soccer Clubs Are Embracing Crypto

The CoinMarketCap sponsorship is the latest example of the incremental merging of the crypto world with sports and pop culture. According to BlockTV, cryptocurrencies are slowly starting to “take over football” (video below).

On the surface, this might sound trivial. However, the implications are unmistakable: The increasing integration of crypto into mainstream culture is a sign that virtual currencies like bitcoin aren’t going away.

As CCN reported in July 2018, Gibraltar United became the first football team to pay its players in cryptocurrency. Getting paid in bitcoin is useful for foreign players who struggle to open bank accounts in Gibraltar. It also helps them avoid taxes and fees.

One of the Richest Football Clubs Hops on Bitcoin Bandwagon

Other football teams in Europe have also embraced crypto. In September 2018, French soccer powerhouse Paris Saint-Germain announced plans to launch its own cryptocurrency under a partnership with Malta-based blockchain company Socios.

Paris Saint-Germain is one of the richest football clubs in the world. In 2017, the club paid a record $263 million to recruit Brazilian football star Neymar from Barcelona. That is the most expensive transfer fee in European football history.

Alex Dreyfus, the CEO of Socios and Chiliz, told CCN that he’s bringing other top soccer clubs into the crypto-sphere.

“We are focusing on on-boarding the biggest clubs in Europe. Outside of France, our priority is clubs in the UK, Italy, Spain and Germany.”

Bitcoin Is Gaining Mainstream Traction

In August 2018, Brazilian superstar Ronaldo de Assis Moreira (a.k.a. – Ronaldinho) launched an ambitious crypto project that aims to develop a betting platform and create virtual-reality stadiums that will include a blockchain database of fantasy football teams.

Then, four months later — in December 2018 — Brazilian football club Atletico Mineiro hopped on the crypto bandwagon when it announced plans to create a token for fans called “Galo Coins.”

Obviously, not all of these projects will succeed. But the fact that marquee stars in soccer — the most popular sport in the world, with 4 billion fans — are taking notice is a bullish sign for the industry.

And last week, the crypto community scored a major PR victory when it won mainstream media attention on the hit CBS News show “60 Minutes.” Being spotlighted on the popular news magazine program was a watershed moment for the budding ecosystem.

For reference, viewership for the May 12 episode of “60 Minutes” totaled 7.9 million.

By comparison, the May 19 bitcoin-focused episode scored 8.2 million total viewers. That’s a 14.29% ratings spike, courtesy of the “crypto bump.”

60 minutes bitcoin ratings

The bitcoin-centric episode of “60 Minutes” that aired May 19, 2019, notched 8.2 million viewers. | Source: Nielsen Ratings

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement

Bitcoin News

NYSE files a trademark application for trading NFTs

Published

on

By

The world’s largest stock exchange may be planning to bring business into the Metaverse.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

Published

on

By

Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

Published

on

By

Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Binance.US is under investigation from SEC over trading affiliates: Report

Published

on

By

Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Boost Insurance unveils product covering against crypto theft from qualified custodians

Published

on

By

Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

MONSTERCHOMPERS NFTs
BREAKING NEW GROUND

You must have javascript enabled to view this plugin.

Copyright © 2022 The Crypto Report

You have not selected any currency to display