Crypto

Latest Crypto News: Cristiano Ronaldo Launches NFT Collection, UK Financial Watchdog Seeks Support For Crypto Ban

Footballer Cristiano Ronaldo plans to launch his NFT (Non-Fungible Tokens) Friday in Multi-Year Partnership with Global Leader Binance block chain cryptocurrency ecosystem and infrastructure provider.

“The launch is supported by a global marketing campaign featuring Ronaldo, aimed at giving fans an introduction to Web3 via NFTs,” Binance said in a press release.

Commenting on the development, Ronaldo said: “It was important to me that we create something memorable and unique for my fans because they are such a big part of my success.”

The Portugal national football team captain added, “With Binance, I was able to create something that not only captures the passion for the game, but rewards the fans for all these years of support.”

The inaugural Cristiano Ronaldo NFT Collection will be released on November 18 (09:00 UTC) and will include seven animated statues with four levels of rarity: Super Super Rare (SSR), Super Rare (SR), Rare (R) and Normal (N). Each NFT statue depicts Ronaldo in an iconic moment in his life, from his career-defining bicycle kicks to his childhood in Portugal.

“We believe the metaverse and blockchain are the future of the internet,” said He Yi, co-founder and chief marketing officer of Binance. “We are honored to partner with Cristiano to help more people understand blockchain and show how we are building web3 infrastructure for the sports and entertainment industry,” he said.

According to Binance, new users who register on Binance.com (and complete KYC) will receive a Cristiano Ronaldo Mystery Box, which can include limited-edition Ronaldo NFTs. CR7 Mystery Boxes are available to the 1.5 million new Binance users who sign up with referral ID RONALDO.

UK financial watchdog seeks political support for crypto bans

Britain’s Financial Conduct Authority (FCA) on Tuesday urged lawmakers to stick with its unpopular decision to deny licensing to cryptocurrency exchanges, including the recent

deceased FTX reported Reuters.

According to the watchdog’s managing director, Nikhil Rathi, the FCA is under pressure as 85% of crypto firms’ license applications have been denied or withdrawn.

“We got quite a bit of criticism from people who said we were allowing this innovative activity to move to other jurisdictions, and other jurisdictions are stealing the show,” Rathi told a committee of the upper house of the parliament, the House of Lords.

“That sometimes means turning away some of the biggest players in the global market,” Rathi added.

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