Cristiano Ronaldo sued for promoting Binance, unregistered securities

Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming they suffered losses from his promotion of the now-legally embroiled crypto exchange Binance.A Nov. 27 filing to a Florida District Court claimed Ronaldo “promoted, assis ...

FTX users name Mercedes F1 team and MLB in new promo lawsuits

Mercedes-Benz Formula One team and Major League Baseball helped FTX perpetrate fraud through promotional deals with the crypto exchange, according to a group of FTX users in a newlThe plaintiffs, consisting of FTX users, filed twin class-action suits in a Florida District Court on Nov. 27, ...

Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator

Venture capital firm Animoca Brands will put its weight behind fan token blockchain Chiliz Chain as it joins the network as a validator within its proof-of-stake authority protocol.Chiliz Chain is the backbone of Socios.com, the platform that operates a plethora of fan tokens for some of t ...

Bulgaria’s oldest football club adopts Bitcoin and Lightning, joins Nostr

Bitcoin (BTC) has netted another adoption goal. Botev Plovdiv FC, Bulgaria’s oldest football club, has adopted Bitcoin and Lightning Network payments, as well as joining decentralized protocol, Nostr.Plovdiv’s stadium accommodates 18,000 people. Source: ManolovEffective immediately, f ...

Fantasy football game on Telegram: Fanton joins Cointelegraph Accelerator

What’s a better way than combining the world’s most popular sports with Web2’s most socialized aspects to introduce new users to Web3 through gaming? Association football, or soccer, boasts the largest fan base among sports enthusiasts, with over 3.5 billion estimated people rooting for their fav ...

Cryptocurrency Challenges Halt Ambitious NFT-Linked Restaurant and Lounge Project in San Francisco

Bold ambitions for a restaurant and private members lounge in San Francisco, linked to non-fungible tokens (NFTs), have been abruptly abandoned. The project, which was under construction in Salesforce Park, was set to feature the "Sho Restaurant" and "Sho Club Sky Lounge." Access to the Sho Club ...

Ronaldo teases NFT plans while on a lie detector test

Soccer legend Cristiano Ronaldo went through a lie detector test to answer various questions about soccer and teased his plans to release more nonfungible token (NFT) collections in the future. The lie detector test video was done as the soccer star released his second NFT collection ...

Nifty News: Adidas unveils resident Web3 artists, Mutant Ape sells for 500 ETH and more…

The Adidas /// Studio, also known as the Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and support budding creators in the NFT space. The program was announced on Aug. 31, and it will officially launch on Sept. 4 via a series of online and ...

Ronaldinho denies part in alleged $61M crypto scam at congressional hearing

Retired pro soccer star Ronaldinho Gaúcho has testified at a congressional hearing in Brazil, denying his involvement in an alleged $61 million crypto pyramid scheme that bore his name.On Aug. 31 Ronaldinho appeared before a parliamentary committee inquiry where he refuted any role in the ...

FC Barcelona secures $132M investment for blockchain and NFT venture

Spanish soccer club FC Barcelona has secured a 120 million euro ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative, Barça Vision.According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the hold ...

Nifty News: Sega exec calls P2E games ‘boring,’ Tom Brady’s NFT firm switches it up and more

Sega co-COO yawns at P2E gamesThe co-chief operating officer of Sega has called play-to-earn games “boring” amid the firm’s retreat from franchising some of its hottest properties to the blockchain gaming space.Bloomberg reported on July 6 that Shuji Utsumi, the co ...

Nike NFTs to make their way into EA Sports games and its millions of fans

In a major step towards mainstream gamer adoption for crypto, Nike’s nonfungible token (NFT) platform .Swoosh will soon be integrated with EA Sports games, potentially allowing Nike's virtual footwear and apparel to appear in games.In a June 1 statement, Nike said that its “virtual creatio ...

Mysten Labs’ Sui network partners with F1 Red Bull racing team

The Sui network, backed by Mysten Labs, has announced a multiyear partnership with the Red Bull Formula One Racing team less than a month after the blockchain’s mainnet went live.In a June 1 announcement, Sui said it would be the official blockchain partner of the racing team, schedul ...