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Based on SportsQuake data, crypto companies have spent a record amount of around $170 million on sponsorship deals with Premier League clubs for the 2024/2025 season. Sponsorships from crypto companies are flooding into the pockets of Premier League clubs, according to a Bloomberg report on October 7. Cryptocurrency companies have seized the opportunity by partnering with soccer leagues for the first time as leagues prepare to adjust to tighter regulations regarding gambling sponsorships. Data from sports sponsorship agency SportQuake reveals that the value of sponsorships from crypto companies has increased by nearly 30% compared to last year’s sponsorships. Sportsquake CEO…

Guinea-Bissau took a bold decision to introduce blockchain technology in May 2024 to modernize and optimize several national operations. This ambitious move aimed to strengthen the transparency, security and efficiency of administrative and financial processes. Guinea-Bissau plans to expand its blockchain-based payroll management platform to all public sector employees. The solution will reach 26,600 civil servants in the country by November 2024, said Concha Verdugo Yepes, the International Monetary Fund’s chief economist for Africa and head of the agency’s blockchain solutions program. The company says it will be able to track data on 8,100 retirees. He shared this information in…

12:05 ▪ 6 min read ▪ Written by Luc Jose A Amid revolutionary announcements, technological advances, and regulatory disruptions, the cryptocurrency ecosystem continues to prove both a realm of limitless innovation and a battleground between regulation and economics. Here’s a roundup of last week’s most important news on Bitcoin, Ethereum, Binance, Solana, and Ripple. SEC renews its offensive against Ripple On October 2, 2024, the SEC formally appealed the 2023 decision in favor of Ripple, creating new uncertainty surrounding the legal status of cryptocurrencies. The new appeal concerns a court ruling that concluded that secondary sales of Ripple’s token, XRP,…

Lunex Network tackles issues such as network congestion, high fees, and privacy issues that many traditional platforms struggle with. Unlike standard exchanges, which experience slower speeds and higher fees during busy periods, Lunex Network allows for instant exchanges without delay between 50,000 assets across blockchains such as Ethereum, Solana, Tron, Bitcoin, etc. . Lunex Network’s low-fee cross-chain transactions lower the barrier to entry and could facilitate faster adoption over the next decade.Lunex Network not only offers instant trading across 50,000 blockchains, but also returns up to 18% of the platform’s profits to holders. This fair revenue sharing model has been…

Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. 07 Oct 2024, 03:26:08 PM IST IPO News Today Live Updates: NeoPolitan Pizza IPO allotment date likely today; Latest GMP, steps to check allotment…

Ethereum co-founder Vitalik Buterin is once again in the news with notable moves in his crypto portfolio despite the volatility in Ethereum’s price over the past week. Buterin has been strengthening his ETH holdings by exchanging various tokens he received for free in a series of trades for Ethereum (ETH) as market prices continue to fluctuate up and down. Buterin recently sold several smaller tokens for just under 140.67 ETH ($340,500) in exchange for a tweet from the founder’s publicly available wallet. Transaction details reveal that he sold several meme and low-cap tokens and integrated them into his native cryptocurrency,…

(Press Release – Dubai, United Arab Emirates, October 7, 2024) Blockchain Life 2024 Forum will be held in Dubai from October 22nd to 23rd. More than 10,000 attendees from 120 countries will gather at the crypto event to share industry insights on the eve of Bull Run 2025. Participants will hear key voices in the blockchain field and share market analysis on market trends and potential future developments. Confirmed numbers include: CEO Tether – Paolo Ardoino Co-Founder Animoca Brands – Yat Siu CEO Ledger – Pascal Gauthier CEO Cardano Foundation – Frederik Gregaard CEO Dubai Blockchain Center – Dr. Marwan…

Visa has decided to launch a new platform for banks to issue fiat-backed tokens such as stablecoins and tokenized deposits. The move comes as more financial institutions and businesses are exploring how blockchain technology can enhance their operations. Dubbed the Visa Tokenized Asset Platform (VTAP), the platform is designed to allow banks to “mint, write, and transfer” these tokens. According to a statement from Visa, VTAP is in the testing phase at the time of writing and is expected to launch next year. A stablecoin is a type of cryptocurrency that is typically pegged to traditional assets such as the…

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Felix Pinkston October 7, 2024 08:32 Tether is celebrating 10 years of innovation and solidifying its role as a leading stablecoin with 350 million users worldwide. See Tether’s impact on global finance and its vision for the future. Tether, a prominent figure in the digital asset industry, marks a significant milestone celebrating 10 years of pioneering progress in the stablecoin space. Since its founding in 2014, Tether not only introduced the world’s first stablecoin, but has also played a pivotal role in bridging the gap between traditional currencies and the burgeoning digital asset market.…