sport

Blockchain Set to Stamp Out Cheating in World Chess Competition

The 2020 Chess Candidates Tournament in Ekaterinburg, Russia has been postponed due to the coronavirus, but organizers are already looking to the future and how blockchain can give the sport a boost.  The tournament pitted eight grandmasters against each other for the right to take on world champion Magnus Carlsen, but had to be halted …

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Cred Partners With NBA Star Spencer Dinwiddie to Promote Crypto Lending

Crypto-based lending and borrowing platform Cred is partnering with professional basketball player and entrepreneur Spencer Dinwiddie. A special page has been launched since March 20 for Dinwiddie’s fans to use Cred. The platform lets users earn interest on stablecoins and other crypto assets, with the company advertising a 10% annual interest rate. Lending is also …

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Blockchain a Home-Run in the Sports World — Use Cases Climbing in 2020

The new decade has kicked off with blockchain technology finally being utilized in real case scenarios in the world of sports. Many blockchain proponents are enthusiastic about the wide variety of potential use cases, but real-life working examples are often hard to come by. The potential of the technology to underpin a variety of systems …

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NBA & NFL Believe in Non-Fungible Tokens, But Not Contract Tokenization

Cointelegraph was on the ground for NFT NYC, event taking place a couple of hundred feet from Times Square dedicated to non-fungible tokens. While most of the companies at NFT NYC are early-stage startups still looking for their users, two attending organizations have hundreds of millions of fans around the world. Adrienne O’Keeffe, associate vice …

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Chiliz Launches Crypto Exchange for Trading Sports Fan Tokens

Malta-based sports blockchain venture Chiliz is launching a cryptocurrency exchange for sports and entertainment tokens. In a press release shared with Cointelegraph on Jan. 23, Chiliz detailed that the new exchange — Chiliz.net — will roll out in February after the beginning of Fan Token Offerings​ ​for all of the ​Socios.com​ partner teams​. Socios.com is …

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NBA’s Kings Continue Reign Over Crypto-Fan Collab with Live Auction Platform

Though their market is small, their reach is mighty. The National Basketball Association’s (NBA) Sacramento Kings are at it again and will tip off a live auction for gear with a blockchain-based app.  On Jan. 15, the team announced its new live auction platform with blockchain development firm ConsenSys. Starting tonight, fans can bid live …

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NBA Star Spencer Dinwiddie Just Tokenized His Own Contract

</header> <strong>The news that Brooklyn Nets star Spencer Dinwiddie was to roll out an Ethereum-based investment vehicle for his own contract took the NBA and crypto communities by surprise. Disregarding an NBA threat to ban him from the professional basketball league, the 26-year-old point guard – who tellingly describes himself as “a tech guy with …

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Juventus Soccer Club Releases Blockchain Token for Fan Voting

Italian professional soccer club Juventus has released its own token to enable fans to participate in voting and polling. Following a year-long development, Juventus’ branded token is now available on Socios.com, a tokenized fan-voting platform for sports, according to a Dec. 2 announcement.  The token’s initial price is 2 euros ($2.22) per token, while a …

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Sacramento Kings Pro Basketball Team Launches Crypto Collectibles

The Sacramento Kings NBA basketball team has partnered with CryptoKaiju to launch crypto-collectibles. In a press release on Oct. 16, the Sacramento Kings announced a new collaboration with the creator of Ethereum-based Kaiju toys, CryptoKaiju. The companies will give away 100 limited-edition Kaiju collectible toys throughout the 2019–2020 basketball season. Each collectible is backed by …

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General Manager of Houston Rockets Basketball Team Bullish on Bitcoin

Daryl Morey, the general manager of the Houston Rockets basketball team, said that he recently bought more Bitcoin (BTC). On Aug. 23, Morey tweeted “I just bought more” in response a pro-Bitcoin tweet by Morgan Creek Digital Assets co-founder Anthony Pompliano, who said that Bitcoin allows investors to avoid the chaos of global markets. Indeed, …

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