Category: Crypto.com

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Bitcoin Coinjar Crypto News Crypto.com Sports

PSV Eindhoven Football Club Gets €400,000 Sponsorship Deal Paid 100% in Bitcoin

Dutch football giant PSV Eindhoven has signed a partnership with Anycoin Direct to become the first major football club in the European Union to have its entire sponsorship paid in bitcoin. Chances are they won’t be the last.

Celebrating the deal. Source: Official PSV Eindhoven website

PSV No Stranger to Crypto

Earlier this year, the club got involved in the crypto sector for the first time when in April it sold an NFT of its historic victory in the 1988 European Cup final over Portugal’s Benfica.

According to the official press release, Anycoin Direct will be the club’s partner for the next two seasons with the goal being to grow awareness of the crypto industry and Anycoin Direct across the European region. While there were many candidates in the race for the partnership, PSV ultimately chose to have a local partner from the Eindhoven area, in the southern Netherlands.

Frans Janssen, the commercial director of PSV, has already created the relevant crypto wallets and expressed enormous enthusiasm about the partnership:

The possibilities and the future that the world of cryptocurrency offers is very promising. As a club in the heart of the Brainport region, we are always innovating; cryptocurrency fits well into this picture.

Frans Janssen, commercial director, PSV

Echoing those sentiments, Lennert Vlemmings, COO at Anycoin Direct, commented:

Growing up in the region, PSV has always been very close to me. As a technology company from the Brainport area we are very excited to be working with PSV. The payment in bitcoin marks the next step for the adoption of cryptocurrency in the EU.

Lennert Vlemmings, COO, Anycoin Direct

According to Dutch publication Eindhovens Dagblad, PSV will be paid €400,000 (about A$650,000) per season. The report further suggests that the arrangement guarantees undefined guaranteed returns in the case of a price reduction, taking into account bitcoin’s volatility.

Sports and Crypto – a Trend On the Rise

Increasingly, we are seeing the worlds of sports and crypto intertwine as unexpected partnerships proliferate within the sector. Earlier this year, the UFC partnered with Crypto.com in a US$175 million 10-year deal.

Turning to the world of football, Watford Football Club will be sporting the Dogecoin logo on its shirts this EPL season, while Crypto News Australia partner and Australian crypto exchange Coinjar recently concluded a partnership with newly promoted EPL team Brentford FC.

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Australia Crypto News Crypto.com Cryptocurrency Tax

Crypto.com Launches Free Crypto Tax Software for Australia

Crypto.com has expanded its free Crypto Tax Reporting Service to Australia, making it easier for locals to file crypto tax returns.

Offering an alternative to Koinly, Crypto.com has tailored its Tax App to meet Australian tax requirements, working with professional tax advisers to ensure calculations are consistent with domestic laws for filing crypto taxes in Australia.

Click on the Try It Now link from Crypto.com’s blog, sign up and log in. From there, you can import your crypto data using the API Sync service or choose an alternative method. After a few minutes, you will see that all your crypto tax information has been imported. Now just export the file and download your tax reports and you’re done. Well, almost.

It May Be Free But It’s No Magic Bullet

Crypto.com promises to “make it easier to file crypto taxes at no cost”, but like Koinly, Crypto.com isn’t a magic bullet and doesn’t solve all crypto tax problems perfectly. Common issues arise with some transactions not importing correctly – which leaves you with the headache of tackling these errors manually.

Nevertheless, Crypto.com Tax is the first crypto tax product on the market to provide an entirely free service for anyone who needs to prepare their crypto tax, no matter how many transactions they have. Crypto.com Tax supports multiple wallets and exchanges.

For further tax tips, read Crypto News Australia‘s recent report on the Australian Tax Office’s free crypto tax fact sheet. And be aware that the ATO now targets Aussie crypto investors.

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Crypto Exchange Crypto Wallets Crypto.com Cryptocurrencies

Global Crypto Users Reach 221 Million After Rapid 2021 Influx

According to an on-chain market size report by Crypto.com, the number of people involved in crypto has doubled in the first half of this calendar year, reaching over 220 million users by the end of June.

The data compiled by Crypto.com pulled figures from 24 of the largest crypto platforms.

100 Million to 200 Million in Six Months

User numbers doubled in just six months as crypto fever spilled into the mainstream, with the market green across the board and meme coins at the height of their popularity.

From February to May, cryptomania saw the number of users surge to a record 203 million, up from 106 million.  In comparison, it took nine months for the user base to reach 100 million (from 65 million).

The growth we have seen in the first half of 2021 on our platform and industry-wide is very encouraging, and we will continue investing heavily as we pursue our goal of putting cryptocurrency in every wallet.

Kris Marszalek, Crypto.com CEO

As interest in cryptocurrencies continues to grow, Crypto.com is now expanding into the non-fungible token (NFT) market to meet the demand for collectible digital art.

 

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Blockchain Crypto Exchange Crypto News Crypto.com Sports

Crypto.com Partners with UFC for $175 Million in 10-Year Deal

Every UFC fighter who steps into the octagon will wear the logo of leading cryptocurrency exchange Crypto.com under a historic new US$175 million sponsorship deal.

In addition to being announced as UFC’s official uniform partner, Crypto.com was also named UFC’s first-ever official cryptocurrency platform partner – a new sponsorship category for the organisation.

UFC President Dana White said the partnership made sense given the popularity of both brands. UFC is the highest-profile martial arts organisation with a global fan base of more than 625 million people.

No company has done more to grow the popularity of combat sports than UFC, and now we’re one of the biggest sports brands on the planet. We can help Crypto.com reach more people around the world through the strength of our brand.

UFC President Dana White

Crypto.com dubs itself “the world’s fastest-growing crypto app” and has more than 10 million users buying and selling more than 100 crypto assets.

Branded uniforms and other sponsored content covered by the deal will be introduced on July 10 when Conor McGregor takes on Dustin Poirier in Las Vegas. 

Crypto.com and UFC Embrace Blockchain to Engage

Crypto.com and UFC are both dipping their toe into blockchain-powered solutions to deliver content to their target audiences.

Crypto.com is collaborating with celebrities in sport and music to deliver exclusive content on an NFT marketplace, soon to be launched, while UFC will soon launch a UFC fan token in partnership with blockchain fintech provider Chiliz, to be made available on the fan engagement and rewards app Socios.

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Crypto.com How-to NFTs

How to Buy, Sell and Transfer NFTs on Crypto.com

This article explains how to buy, sell and transfer NFTs on the popular NFT Marketplace by Crypto.com.

Launched in 2021, the Crypto.com NFT platform is committed to delivering unique content from top celebrities, artists, athletes and sports. They are already working with some big names such as Aston Martin, Boy George, Snoop Dogg, Lionel Richie, Boss Logic and more, to develop enthralling content for this new medium.

NFTs (Non-Fungible Tokens) are unique collectable crypto assets stored on the blockchain to verify ownership. The tokens can be used to represent any type of real world or virtual item including artwork, video games items and land/real estate, music, digital trading cards, real-world tokenized assets, video footage and many more.

Crypto.com NFT allows users to browse NFTs in fiat currency, make purchases by using their credit/debit card,Crypto.com Pay via the Crypto.com App, or a wallet that supports ERC20 tokens (ex. Metamask, WalletConnect).

How to buy an NFT

  1. Go to Crypto.com NFT Marketplace.
  2. Click “Sign Up” to create a free account.
  3. Choose a username and password and complete the sign up by verifying your email address.
  4. Browse the NFT marketplace items and choose an item which you want to buy and click “Select” then “Buy for $x”. If the item is on a bidding auction, you can place a bid (similar to eBay).
  5. Choose your payment option (Credit/Debit Card or Crypto.com Pay) and confirm your payment.
  6. Once the on-chain transaction has completed, the item will appear in your account in “Collectables” tab. Click “My NFTs” to see it.

How to sell an NFT

  1. Login to your Crypto.com NFT Marketplace account.
  2. Click “My NFTs” and go to the “Collectables” tab.
  3. Select the item you wish to sell and click “Sell”.
  4. Select one of the 2 pricing models:

Fixed price model

  1. The seller sets a fixed price for the item.
  2. The buyer purchases the item at its fixed price.

Auction model

  1. The seller puts an item up for auction by inputting the end date and minimum bidding amount.
  2. The buyer places a bid, which has to be higher than the previous highest bid by 5% or $10, whichever is higher. Bids can only be made in cryptocurrency through Crypto.com Pay (credit/debit cards not supported currently) and full payment is required upfront. If a bidder gets outbid, the amount will be refunded immediately in the currency the purchase was made through Crypto.com Pay. The highest bidder cannot cancel his/her bid.
  3. Sellers can choose to end the auction earlier by a) cancelling the auction, and the current top bidder gets a refund or b) terminating the auction early, and the current top bidder wins the bid**. When the auction ends, the current top bidder wins the bid. If it ends without any bids, the item goes back to “Not for sale” status.

How to transfer an NFT

The transfer feature is coming soon.

Available Payment Methods

The Crypto.com Marketplace currently supports the following payment methods:

  • Pay with Credit/Debit Card
  • Pay with Crypto (BTC, ETH, DOGE using Crypto.com pay)
  • Pay using Crypto.com App
  • Pay using Metamask Brave Browser Wallet

Further Help

For further help check out the Crypto.com NFT support page or watch the video below.

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Crypto.com Dogecoin NFTs

Trade Dogecoins to Win $50k Cash and DOGE NFT Prizes on Crypto.com App

Following the success of the previous DOGE Treats campaign, Crypto.com announced they’ve launched a second: the DOGE Treats Extravaganza, with 10x the prizemoney to be won.

All Crypto.com App users are eligible to participate and win a share of the USD 500,000 prize pool, where they will give away USD 100,000 of DOGE and exclusive DOGE NFTs every week until 21 May 2021.

Crypto.com “DOGE Treats Extravaganza” campaign schedule

Doge Rules?

As detailed in Crypto.com official blog:

  • Trade (Buy/Sell) at least $100 USD of any DOGE pair in the Crypto.com App during the weekly campaign periods and become an eligible participant.
  • 1 Eligible participant will be selected by lucky draw and receive $50,000 USD and 1 exclusive DOGE NFT.
  • 999 eligible participants with the highest number of DOGE Points during each campaign period will receive DOGE prizes.

Prizes are tiered depending on how many DOGE points a participant accumulates during each period.

Crypto.com “DOGE Treats Extravaganza” prizes

Doge Not Frightened By The Bears

While Dogecoin also suffered a dip, its fall was trivial compared to the rest of the market. By midday, DOGE had recovered and went on to post 12% gains by the end of the day.

Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied more than 110% last Friday before dropping by 26% on Saturday, according to CoinMarketCap. It now has a market value of more than $36 billion and is still up 13,400% from a year ago, when it traded for $0.002 and was worth about $250 million.

DOGE Coin Price: CoinMarketCap

Some consider DOGE as just a meme coin however, the community sees itself more as detached from the crypto norm, trying to make the bland world of money a bit more humorous, vibrant, and friendly. The internet currency has now recently gone through use cases where it has performed well.