Cristiano Ronaldo partners with Binance in a multi-year joint NFT marketing agreement. The first collection of Ronaldo's NFTs will go on sale sometime this year. More: - Binance NFT marketplace will release multiple Ronaldo NFT collections each year.
- Ronaldo took to his social media accounts to make the announcement: “My relationship with the fans is very important to me, so the idea of bringing unprecedented experiences and access through this NFT platform is something that I wanted to be a part of,” he said.
- Ronaldo has 459 million followers on Instagram. His announcement received 48 million impressions within an hour.
- Binance is also sponsoring musician The Weeknd's upcoming "Crypto powered" world tour and the release of his new NFT collection. On top of this support, the crypto trading platform intends to make a $2M donation to the XO Humanitarian Fund under the UN World Food program.
- Binance is partnering with celebrities instead of pursuing expensive Super Bowl ads and stadium naming rights. This approach has allowed the company to keep costs low during the market crash.
Decrypt 
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THORChain token price rose 16% after the launch of its mainnet this week. The project has over $3.7B worth of native on-chain swaps and $299.7M worth of total value locked. More: - The company announced its mainnet and "Rune in a Million Campaign" on Binance, which comes with $1M worth of RUNE rewards on Wednesday.
- The announcement caused a 16% price increase to $2.18 at the time of writing, and 31.6% increase over a seven-day period.
- THORChain is a cross-chain exchange and proof of bond network that enables users to swap assets by liquidity pools over Binance Smart Chain, Ethereum, Dogecoin, and Bitcoin. The network supports trading synthetic assets.
- The mainnet will manage how the project is governed and adopted. THORChain will remove its dependencies on IOU RUNE.
Coin Telegraph
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 A message from INCOGNIA How to achieve the right balance between friction and fraud in crypto mobile apps? Current fraud prevention methods in crypto apps are not effective against the increasing fraud scams in crypto, which hit losses of $14 Billion in 2021. On the other hand, users hate the friction imposed by authentication methods. Incognia has analyzed twenty-one major cryptocurrency mobile apps for a complete review of the login authentication, password reset and device change process. This report includes an investigation of the level of friction that security measures, designed to keep out fraudsters, introduce for all users. Download this report to: - Learn which apps provide the lowest friction for password reset and device change.
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Coinbase Derivatives Exchange is launching its first listed crypto derivatives product, the Nano Bitcoin Futures (BIT). More: - The official launch will take place on June 27, enabling investors to trade BIT on the CFTC-regulated futures exchange.
- Coinbase is waiting for approval from the futures commission merchant license (FCM) to offer contracts directly to its clients.
- In the meantime, the BIT will be available for trading through Several broker intermediaries. These include retail brokers EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5, and Tradovate. Retail players can also access BIT via clearing firms ABN AMRO, ADMIS, Advantage Futures, ED&F Man, Ironbeam, and Wedbush.
- Futures are becoming popular among traders due to non-stop, lower advance investment, leverage, and the ease of going long and short.
- To get into the derivatives space faster, Coinbase acquired FairX which was already registered with the US regulators.
- FairX was rebranded to Coinbase Derivatives Exchange.
Crypto Potato
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Gary Gensler, the U.S SEC seeks a partnership with CFTC and other financial agencies in efforts to regulate cryptocurrency. More: - Gensler wants to establish one rule book to ensure the rules are laid out and bad actors don’t leverage off regulatory gaps and commit frauds and manipulations.
- To accomplish this A Memorandum of Understanding (MoU) between SEC and CFTC needs to be established in order to fill in the potential regulatory gaps.
- US senators Cynthia Lummis and Kirsten Gillibrand defined most digital assets as commodities and want to expand the Commodity Futures Trading Commission’s (CFTC) role to regulate crypto trading.
- The rule book will highlight key definitions: “I’m talking about one rule book on the exchange that protects all trading regardless of the pair [be it] a security token versus security token, security token versus commodity token, commodity token versus commodity token,” says Gensler.
- Rostin Behnam, CFTC's Chair said that the crypto markets are a natural fit for CFTC and explained: “Markets are markets, whether it’s derivatives or equities or fixed income. There’s always a natural relationship between derivatives generally and cash markets".
Crypto Potato
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 A message from BAMBOOHR The 2022 Essential Guide to Retention In the world of HR in 2021, you couldn’t read a think piece, attend a conference, or join a discussion group without hearing about The Great Resignation. For most in HR and leadership, it’s at the top of their list for 2022 concerns, and that makes retention a critical business initiative for the coming year. Download to Learn More
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Ethereum rose 5% today and reached the $1200 mark on Friday morning after moving past key levels of resistance. More: - Ethereum had fallen to $1k on Thursday and had a high of $1,191.27 at the time of writing on Friday morning.
- This was an 8% increase over a 24-hour period, the pressure comes from the 35.60 ceiling of a 14-day RSI that was broken on Thursday.
- Bitcoin had a turbulent week, to say the least, but began trading higher on Friday morning as its price moved above the $21K mark.
- The price climbed in a period of 24 hours for bitcoin, from $20,233.56 to peaking at $21, 266.39 Friday morning.
Bitcoin.com
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Electricity consumption has dropped nearly 50% bitcoin due to the upcoming "crypto winter" resulting in fewer mining operations. Bitcoin mining has decreased, which reduced electricity usage by a third since its high on June 11. More: - Crypto winters hit Bitcoin miners hard and fears of one being around the corner has resulted in many mining operations going offline.
- Ethereum mining is still higher than bitcoin mining. However, it has decreased from a peak of 94TWh a year to 46TWh a year.
- As the price of both Bitcoin and Ethereum have fallen, the value of the rewards issued to miners has also dropped, making inefficient mining rigs increasingly unable to generate profits.
- Bitcoin requires special equipment to mine, whereas Ethereum can be mined using a regular computer. However, the most efficient Ethereum mining takes place on special graphics cards, which are increasingly short on supply.
The Guardian
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 |  | Gia Mattu is based in Calgary, Alberta. She is an entrepreneur with experience in climate technology, drones, AI, machine learning, and blockchain technology. When she's not working, she loves to hike the Canadian Rockies, try new cuisine, and travel. | | | | Editor | Gregory Bridgman is a writer and researcher with an academic background in politics and the philosophy of science and technology. He holds a BA from the University of Cape Town, an MS from University College London, and is currently completing a PhD at the University of Cambridge. He is interested in climate issues, technological changes, and the implications of the fourth industrial revolution. | |
Incognia is a privacy-first location identity company that provides frictionless mobile authentication for reduced fraud. | |
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