Crypto park deal has winner’s curse

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in US

United States Latest News, United States 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 Buy now the biden economy is collapsing I am a structural engineer and i have many ideas but i do not have enough money to implement them. I also have a small technology and innovation company in Iran. Does anyone want to collaborate and invest in my company and my ideas?
Source: Forbes - 🏆 394. / 53 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: hiltzikm 'Tales from the Crypt.'
Source: latimes - 🏆 11. / 82 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 MetaKovan these articles always seem to mention financial regulations offhandedly, as if to imply the lack of regulation is bad Regulation, by and large, is used as a weapon to entrench old money against encroachment by competition. It is the antithesis of investor protection MetaKovan And while shitting on the environment, don’t forget that part MetaKovan Poetry. Bring in the Clowns. Twitterweird. Twitterverse. 99%. Snarky. Sassy. Fake traders. Fake players. Crypto naive. Still the 1% hodling, shilling, killing. 99% suffer & suffering. 'Let me issue and control a nation's money and I care not who writes the laws.' Mayer Rothschild
Source: Reuters - 🏆 2. / 97 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.
Source: Forbes - 🏆 394. / 53 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” The chinese sector. Electronic gets made from nothing then it’ll even become far more interest. But we lack leaders. Most act towards the election cycle, sadly.
Source: TheEconomist - 🏆 6. / 92 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
Source: CNN - 🏆 4. / 95 Read more »