Cryptocurrencies have arrived at the ballpark. Crypto.com, a Singapore firm that allows users to buy, sell and pay with cryptocurrencies, is paying $700 million over 20 years to slap its name on Staples Center in Los Angeles, according to two people familiar with the deal. At $35 million a year, that’s among the priciest deals ever.
Nov 15, 2021; Los Angeles, California, USA; A general overall view of the Staples Center exterior.
NEW YORK, Nov 17 - Cryptocurrencies have arrived at the ballpark. Crypto.com, a Singapore firm that allows users to buy, sell and pay with cryptocurrencies, is paying $700 million over 20 years toon Staples Center in Los Angeles, according to two people familiar with the deal. At $35 million a year, that’s among the priciest deals ever.
It’s possible it makes sense for now. Crypto-platforms have quite a few competitors, and some of them are very valuable. Crypto.com is private, but rival Coinbase Global
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hundreds Of Billions Lost As Major Cryptocurrencies—Including Bitcoin, Ethereum, Solana, Cardano—Tumble In Crypto CrashI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
Read more »
Column: Think the name Crypto.com Arena will make cryptocurrencies legit? Think again'History tells us that naming rights to sports venues signal, at best, a very short-term prominence of the named companies, and at worst a high water mark followed by a downslide.' From columnist hiltzikm:
Read more »
From Crypto to Christie's: How a metaverse king made his fortuneVignesh Sundaresan, aka MetaKovan, represents a new generation of investors: the cryptocurrency kings who have created fortunes out of sight of financial regulators
Read more »
Brave Adds Crypto Wallet, NFTs, DApps Natively In BrowserBrave is known for building a privacy-safe browser and has long let users of its desktop and mobile apps earn cryptocurrency for watching ads. But now the company is doubling down on crypto and adding a full built-in native cryptocurrency wallet to the browser.
Read more »
Chris Dixon and Packy McCormick on the future of cryptoEntrepreneurs are building the next generation of the internet, say Chris Dixon and Packy McCormick. In order for that to flourish, “more leaders must realise the need for sensible regulation that encourages responsible innovation”
Read more »
First on CNN: MLB superstar Shohei Ohtani takes a stake in crypto firm FTXBaseball's newest superstar is lending his global celebrity status to one of the fastest-growing brands in the crypto world
Read more »