Kategorie: Crypto News

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Bybit signs record-breaking $150M deal with Redbull’s F1 team

  • Red Bull’s Max Verstappen won the F1 title in 2021

  • The record-breaking deal will also see Bybit work with Red Bull Racing on fan tokens and blockchain education programs.

Bybit has announced a multi-year sponsorship deal with Oracle Red Bull Racing, becoming the Formula One team’s first-ever ‘Principal Team Partner’.  

ByBit also becomes the F1 team’s official ‘Cryptocurrency Exchange Partner’ and will help further several collaborations that promote fan engagement and crypto adoption.

The deal will see Bybit pour $50 million per year for three years into the sponsorship with Red Bull Racing, bringing the multi-year layout to $150 million. According to a statement from the partners, the record-breaking deal will be paid in both cash crypto (BitDAO’s governance token BIT).

Bybit’s deal with Redbull comes hot on the heels of a most dramatic title-deciding race for the racing team’s Max Verstappen. The 2021 F1 champion won the Abu Dhabi Grand Prix on the last lap of the last race of the season, capping Redbull’s 11 wins and 10 pole positions season in style.

Ben Zhou, co-founder and CEO of Bybit said:

“Oracle Red Bull Racing’s unique energy and creativity inspires us. The team has changed the game in the same way that digital assets have changed the global financial system.”

The partnership will include collaborations of projects that involve NFT activations, issuance of social tokens, and the promotion of blockchain technology education and adoption for positive change and financial inclusion.

The two partners will also work to promote and support women in blockchain, according to a press release published on 16 February.

Biggest sports crypto-related deal?

The three-year deal is currently the largest per annum of all the sports deals sealed by crypto companies date.

For comparison, Crypto.com’s mega $700 million naming rights deal for the Staples Center (now Crypto.com Arena) involves $35 million per annum over 20 years. 

Algorand’s $100 million deal with Drone Racing League will see $25 million invested per year over 5 years.

The post Bybit signs record-breaking $150M deal with Redbull’s F1 team appeared first on Coin Journal.

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Exclusible’s 25 Private Islands on The Sandbox sold for $2.9M

  • eToro and a Paris Saint-Germain star Marco Verratti among its buyers

  • The exclusive islands sold for 910 ETH, worth about $2.9 million at the time of sale, the platform said in a press release.

Exclusible, a leading metaverse and NFT marketplace dedicated to luxury brands, has announced that all of its 25 Private Islands on The Sandbox have been sold.

According to Exclusible, its sale was limited to 25 private islands, with the last among the purchases reserved for personalities whose social media following was 1 million or more.

Among the standout buyers was eToro, the world’s leading social investing network. Others to snap the exclusive islands were Paris Saint-Germain soccer star Marco Verratti, Bayern Munich winger Kingsley Coman and former Victoria’s Secret model Sara Sampaio.

Stanislas Wawrinka, a Swiss tennis star and Ana Ivanovic, a former world No. 1 tennis player were the other public personalities to participate in the sale.

The sale, according to a press release shared with Coinjournal, fetched 910 ETH, or about $2.9 million (as of 9 February 2022).

This is yet another major sale from Exclusible, which recently sold 150 villas in its virtual Luxury District in The Sandbox, bringing in 750 ETH, or roughly $1.6 million at the time. 

Commenting on the sale, Exclusible co-founder and CEO Thibault Launay said the platform was working hard to help its partners achieve their metaverse goals.

“Selling out our stock of islands in only two weeks demonstrates the high demand for exclusive metaverse assets and experiences. We strive to continue our mission in bringing unique experiences to the metaverse,” Launay said.

The Private Islands are “strategically” located in The Sandbox lands, and feature four different sizes. Buyers have access to exciting virtual amenities, including helipads, a harbor, and furniture or other assets. Interior or exterior customization is also possible.

The post Exclusible’s 25 Private Islands on The Sandbox sold for $2.9M appeared first on Coin Journal.

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Market highlights February 16: Bitcoin battles global uncertainty at $44K

Events in Russia have dominated market sentiment. Prices pushed higher on optimism over the official recognition of crypto in the country, before dropping back down on concerns about the Ukraine conflict.

Elsewhere, more volatility was catalyzed by hot US inflation figures coming in at 7.5%, and the seizure of $3.6 billion in hacked Bitcoin by the US Justice Department.

BlackRock, which manages over $10 trillion in assets for pension schemes, endowments and sovereign wealth funds, is reported to be preparing a crypto trading service for its clients.

Big four accounting firm KPMG Canada announced the purchase of Bitcoin and Ethereum for its own corporate treasury, saying that “institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.”

Tennessee has followed Arizona by drafting its own Bitcoin bill that would allow the state and other municipalities to invest in crypto assets.

Top cryptos

Bitcoin has retreated amidst fears of war and uncertainty around inflation. The flagship crypto rallied to a peak of almost $46K early last week, after local media reported that Russian authorities would create new legislation recognizing crypto assets as a form of currency.

The move is a major change of direction for the Russian Central Bank, which previously proposed a blanket ban on crypto.

In response to the news, some market analysts are now speculating that Russia could have even bigger future plans — such as accepting Bitcoin as payment for natural gas.

The top 10 cryptos were all in the green over the past 24 hours with Ethereum adding almost 4%, while Cardano and Solana gained 2%.

Avalanche is the biggest gainer in the top 20, up 8% today. The self-styled Ethereum killer is still rising after being listed on eToro recently.

Another altcoin that managed to defy market turmoil was Shiba Inu, finishing the 7-day period with 3% gains after the announcement of a mysterious new metaverse project.

Top movers

The top mover in the top 100 is without a doubt Rally (RLY), a social token-oriented protocol that allows creators to launch their own token and build a digital economy around their work. 

Streamers, artists, musicians, gamers, athletes or general content creators can tap into their communities and offer benefits to recruit, retain and monetize their following seamlessly. Rally flew into the top 100 today and is currently at #87. It has added 65% to its value in 24 h.

Neo is a rapidly growing ecosystem that has the goal of becoming the foundation for the next generation of the internet, a new economy where digitized payments, identities and assets come together. It gained 11% today. Qtum is also up 11%.

Algorand, the 26th biggest crypto by market cap, is about to break $1. It has gained 7% in the last 24 h. It’s also a good day for metaverse tokens. Decentraland and Axie Infinity each added 8% to their value today.

Bitfinex’ token UNUS SED LEO continues to reverse gains. It’s down 7% today.

Trending

The biggest gainer of the day is Catcoin, a community-driven meme token created for the cat community by someone or a group of people with the tongue-in-cheek name Miaoshi Nekomoto. 

Catcoin develops applications to provide the community with various tools and simplify the crypto world for new investors. It has gained 838% in the last 24 h.

Another trending coin is ALICE, the native token of My Neighbor Alice, a farm-themed play-to-earn game on Chromia.

The game bills itself as a place where “players can buy and own virtual islands and collect and build exciting items while also making new friends.” It has added 11% to its value today.

The post Market highlights February 16: Bitcoin battles global uncertainty at $44K appeared first on Coin Journal.

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MyNeighborAlice (ALICE) Price gained 11%: top places to buy it

MyNeighborAlice (ALICE) logo on a mobile phone being held by 2 hands

MyNeighborAlice (Alice) doesn’t seem to have anything to do with the evergreen hit, at least not on the surface. It’s one of the cryptocurrencies that are trending today.

Look no farther than this short article to get the details and learn if it is worth buying and the best places to buy it.

Top places to buy MyNeighborAlice now

As ALICE is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ALICE using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ALICE right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for ALICE

Now that you’re connected, you’ll be able to swap for 100s of coins including ALICE.

What is MyNeighborAlice?

It is a farm-themed play-to-earn game on Chromia. The game bills itself as a place where “players can buy and own virtual islands and collect and build exciting items while also making new friends.”

Player are represented by individual avatars and can buy virtual real estate from Alice, the central character of the game, or on the internal marketplace. All purchased land is represented as an NFT.

It is blockchain-based and integrates DeFi features, but it does not require prior knowledge of cryptocurrency and blockchain. Its social aspects were inspired by Animal Crossing, whereas Minecraft serves as a role model for building mechanics.

Its unique style incorporates the character of Alice as a relatable “in-game friend”, making the game more approachable for casual players. You don’t have to interact with the underlying blockchain technology, although the game does allow you to explore DeFi functionality.

Should I buy it today?

In-game tokens like ALICE are only as popular as the games they’re used in. Waning interest in the game will cause the value of the token to decline.

ALICE price prediction

Wallet Investor is bullish on ALICE long-term. They make a price prediction of $18.15 for February 2027, which is about twice its current value. A 5-year investment will generate revenue of around 102%. This means a $100 investment will go up to $202 in 5 years if WI’s prediction pans out.

MyNeighborAlice on social media

The post MyNeighborAlice (ALICE) Price gained 11%: top places to buy it appeared first on Coin Journal.

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Telos (TLOS) price has risen by 120% over the past month: this is why it is rising

Telos (TLOS) has maintained a bullish outlook since January 27th. It set a new all-time high at $1.43 on February 7 before taking a slight pullback to $0.986 and later resuming its bullish trend.

It is currently trading at $1.12 after a 10.84% surge in the last 24 hours.

In this article, we shall take you through what is propelling the current Telos (TLOS) Bull Run.

What is Telos (TLOS)?

Before we delve into the current bullish trend, it’s important we first explain what Telos is.

Telos is a blockchain network that incorporated with an EOSIO software aiming at bringing scalability and speed to smart contracts for NFTs, social media, gaming, and decentralized finance (DeFi). Its native token is called TLOS.

Why is the price of TLOS rising in February?

Three reasons are being attributed to the current bullish TLOS bullish trend. These include new partnerships, TLOS integration to the Anchor wallet, and the increased launching of NFTs and DeFi projects on the Telos network.

New Partnerships

Over the past few weeks, Telos has had several integrations and partnerships that have increased its brand awareness across the globe.

For example, the integration of Telos Foundation with DappRadar has helped Telos users to keep track of their dApps on the Telos Network.

The Telos Foundation also partnered with BikeChain, a self-governing ride-share application that processes all the transactions on the Telos blockchain.

Launching of NFTs and DeFi projects on the network

There has been an increase in the number of DeFi and NFT projects launching on Telos; something that has attracted liquidity and users to the protocol. The most recent DeFi project is the OmniDEX which is the first native decentralized exchange to be built on the Telos network.

Other projects that have been recently launched from Telos include the cross-chain NFT marketplace tofuNFT, the AristotleDAO DeFi protocol, the TelosPunks NFT project, and the NFT social media app APPICS.

TLOS integration to the Anchor wallet

The other significant development in the Telos ecosystem was the network’s integration to the Anchor wallet from Greymass, an organization built to facilitate the growth of distributed ledger technologies and the infrastructure powering them, this led to a huge price hike.

Through this integration, TLOS holders can sign in safely to various applications like Staker One platform, Telos web wallet, and the Decided Voter, that operate within the network.

The post Telos (TLOS) price has risen by 120% over the past month: this is why it is rising appeared first on Coin Journal.