Los Angeles Angels’ Shohei Ohtani Joins FTX’s Global Ambassadors, MLB Superstar to Be Paid in Crypto – Bitcoin News

The cryptocurrency firm FTX Trading Ltd. announced on Tuesday that the Major League Baseball (MLB) legend Shohei Ohtani also known as “Shotime” has joined the company’s global ambassadors. According to the announcement Ohtani will be paid in cryptocurrencies and will acquire an equity stake in the crypto company. Angels’ Shotime Joins FTX At the end of June, seven-time Super Bowl champion Tom Brady and his wife Brazilian supermodel Gisele Bündchen joined FTX as global ambassadors. At the beginning of September, Brady and Bündchen starred in a $20 million ad campaign…

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Some Chinese Crypto News Sites Appear to Go Dark As Crackdown Continues

Chinese crypto news sites ChainNews, Odaily, and information platform Block123, were inaccessible on Wednesday, as the Chinese government continues to crack down on the crypto industry. ChainNews posted its Telegram account on its Twitter on Nov. 15, saying it would be offline for 8-10 hours as the site undergoes maintenance. When asked via Telegram on Nov. 17 why the site was remained dark, the ChainNews official account told CoinDesk that Twitter and Telegram would continue to be updated during the website update. Odaily was also inaccessible on Wednesday, and had…

KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects

KuCoin Labs, the company behind the world’s sixth-largest cryptocurrency exchange by trading volume with more than 500 crypto assets listed, announced on Wednesday that it would be launching a $100 million metaverse fund for early-stage projects. The money is also available for entities that develop blockchain-based games, nonfungible tokens, and decentralized applications. In addition, Kucoin will also provide business incubation services, branding, incentives, and business partnerships for developers selected into the fund. Johnny Lyu, CEO of Kucoin, said the following in a prepared statement obtained by Cointelegraph: “KuCoin Metaverse Fund…

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Australian baseball club Perth Heat to pay athletes in Bitcoin

Australian baseball club Perth Heat has announced a partnership with Bitcoin payment processor OpenNode to accept and make payments in Bitcoin (BTC). The partnership allows Perth Heat to pay professional players and staff in Bitcoin.  According to the announcement, the professional sports club will send and receive payments in Bitcoin over the Lightning Network. In addition, the partnership with OpenNode allows the Perth Heat organization to accept Bitcoin payments for sponsorships, merchandise and other revenue streams. Taking things a step further, Perth Heat has also rebranded itself to be called…

Digital Ruble Should Not Boost Inflation, Bank of Russia Says – Finance Bitcoin News

Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority has emphasized. The regulator has put forward some conditions for the implementation of the new currency project. Bank of Russia Sets Conditions for Digital Ruble Currency The Central Bank of the Russian Federation (CBR) may test a digital ruble for more than a year before it finally launches the CBDC, the bank’s chair, Elvira Nabiullina, said during a meeting of…

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Valkyrie Will Launch On-Chain Defi Fund Next Week – Bitcoin News

Valkyrie Investments, one of the biggest cryptocurrency asset managers, has announced it will launch a so-called on-chain defi fund next week. This new fund would be substantially different than other, similar offerings, due to the location of the assets that will be available to earn yield in several protocols. $100 million has already been put up for this initiative. Valkyrie Debuts On-Chain Defi Fund Valkyrie Investments has announced the launch of their first on-chain defi fund yesterday, which will hold a portfolio of defi blue chips. The difference…