👟 Sorare strikes a multi year deal with Premier League

January 31, 2023

👟 Sorare strikes a multi year deal with Premier League đŸ„· North Korea using stolen crypto to fund nuclear weapons research 📈 Mastercard and Binance forge a path to crypto adoption in Brazil with new prepaid card

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👟 Sorare strikes a multi year deal with Premier League 

đŸ„· North Korea using stolen crypto to fund nuclear weapons research

📈 Mastercard and Binance forge a path to crypto adoption in Brazil with new prepaid card

Sorare strikes a multi year deal with Premier League

The Premier League made a multi year deal with Sorare, a $4 billion sports digital trading cards marketplace. As part of this deal, the Premier League will license official player cards for use in the game. This will allow users to buy, collect and trade NFTs that the football league officially licenses.

Sorare has 3 million users globally according to some metrics websites. Users of the platform can also play some games like for example participate in five-a-side soccer matches using their trading crads. The real world players’ on-field performance determines their success in the game. This is a great opportunity for NFT enthusiasts as well as for fans of Premier League football to become more invested and interactive with their favorite teams and players, and potentially speculate on NFTs price and get some gains through successful trades.

According to CryptoSlam, Sorare’s NFT collection is the seventh largest collection in the world, with a daily transaction volume of about one million dollars. With a continually expanding partnership with the Premier League, Sorare has managed to attract numerous venture capital investors such as Accel and Benchmark, in addition to Japan’s SoftBank. Furthermore, well-known athletes like Lionel Messi, Serena Williams and Kylian Mbappe have become stockholders of this company - thus reinforcing their already impressive investor base. This number is expected to only increase with time.

North Korea using stolen crypto to fund nuclear weapons research

The White House has recently said in a statement that the North Korean hackers were able to take advantage of vulnerabilities in the crypto industry and steal more than one billion dollars in two years. Apparently, this money was used to finance North Korea’s missile program.

The Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks | NEC | The White House

By Brian Deese, Arati Prabhakar, Cecilia Rouse, and Jake Sullivan 2022 was a tough year for cryptocurrencies. In May, a so-called “stablecoin” imploded, prompting a wave of insolvencies. Just months later, a major cryptocurrency exchange collapsed. Many everyday investors who trusted cryptocurrency companies—including young people and people of color—suffered serious losses, but, thankfully, turmoil in


https://www.whitehouse.gov/nec/briefing-room/2023/01/27/the-administrations-roadmap-to-mitigate-cryptocurrencies-risks/

According to the White House, these hackers were able to exploit poor security protocols within the crypto industry and this enabled them to access funds and gain access to sensitive information. The White House implied that the industry was not doing enough to protect its users from malicious actors. It is clear that strong security protocols and measures need to be implemented within the crypto industry if it is to remain secure for its users.

The Deputy White House Deputy Advisor for Cyber ​​and New Technologies, Anne Neuberger, was also quoted saying that North Korea was sending a third of their stolen crypto assets directly to fund their missile program. This shows just how dangerous and far-reaching cybercrime is becoming in today’s digital age. So it's either we strengthen our security protocols or we risk having to face the consequences.

So make sure you keep your crypto safe of course if you're not planning any missile reasearch program. Following basic security protocols such as two-factor authentication, strong passwords, encryption and hardware wallets can go a long way in keeping your funds safe.

Mastercard and Binance forge a path to crypto adoption in Brazil with new prepaid card

Mastercard and Binance are taking the lead in bridging traditional finance and cryptocurrency by launching a new prepaid card, Binance Card in Brazil.

The beta testing is currently underway and the card will be available to users in the next few weeks. It's set to become the second Latin American country, after Argentina, to offer Binance’s prepaid card.

Brazil is Binance's top 10 markets and this card will help its new and existing users to shop without any difficulty. It's one of the most convenient ways for Binance’s Brazilian customers to pay for everyday goods, groceries and other services using cryptocurrency.

From crypto adoption point of view, this is a remarkable step and will help to bring more people into the crypto space. At the same time, it will also provide security as customers can make payments easily without having to worry about volatility in the cryptocurrency market. After a while, it could possibly pave the way for more crypto-related services in other Latin American countries and then, the rest of the world.