By Elizabeth Howcroft LONDON (Reuters) – Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain’s Gerard Pique also investing, the company said on Tuesday. Paris-based Sorare said the investment valued the company at $4.3 billion. Founded in 2018, Sorare…
By Anushka Trivedi (Reuters) – Cryptocurrency prices bounced off 1-1/2 month lows on Tuesday as a heavy selloff overnight linked to concerns about a possible loan default by property developer China Evergrande eased slightly, but investors braced for more volatility. Bitcoin, the biggest and the best known cryptocurrency, traded around $43,000, recovering from a fall…
Cryptocurrency prices slumped as a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets. Bitcoin dropped 5.4% to $45,025 as of 9:49 a.m. in London, reaching the lowest level in a week. Other digital assets also retreated, with Bitcoin Cash and Ether all declining. Stock markets globally sank on…
It’s very easy to drive a car around, but you can never really tell when accidents will happen that result in damage to your vehicle. That’s why having car insurance isn’t just a recommendation; it’s basically a necessity if you want to avoid having to pay for heavy damages in the future. Car insurance isn’t…
AMC Entertainment Holdings Inc boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept bitcoin for online ticket and concession payments by year-end 2021. I can…
People go to school and get an education for uncountable reasons. Everyone wants to be literate, communicate effectively with others, and be respectable members of society. If anything, everyone thirsts for success in life, and one of the ways to achieve success in today’s life is to get a proper education. But regardless of how…
(Reuters) -Walmart Inc said on Monday that a press release announcing a partnership with litecoin, which briefly led to a nearly 30% surge in the cryptocurrency’s price, was fake. The retailer said it was looking into how such an announcement, which was published by press release distributor GlobeNewswire, was issued earlier in the day. “Walmart…
Many types of small business funding exist to help business owners react to unplanned expenses or take advantage of opportunities to grow. Between SBA loans, bank loans, and alternative lenders, it can be difficult to understand the sheer number of funding options available, let alone choose the right lender and loan type for your business….
The Indian government is looking to tax cryptocurrency trades and ecosystem in the country, news website ET Now tweeted on Monday, citing sources. . The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now reported (This story has…
U.S. officials are discussing launching a formal review into whether Tether and other stablecoins threaten financial stability, scrutiny that could lead to dramatically ramped-up oversight for a fast-growing corner of the crypto market. After weeks of deliberations, the Treasury Department and other federal agencies are nearing a decision on whether to launch an examination by…
