US-based crypto exchange Coinbase is now the official cryptocurrency platform and blockchain partner of the NBA’s Golden State Warriors and its home court, the Chase Center. In a statement, the NBA says the deal will give Coinbase a prominent placement at Chase Center, making the firm’s brand visible during broadcast and in the arena. The […]
The post Crypto Exchange Coinbase Lands Partnership With the NBA’s Golden State Warriors appeared first on The Daily Hodl.
Drake's $500,000 Bitcoin bet on the Dallas Mavericks winning the NBA Finals has failed, and his similar wager on the Edmonton Oilers in the NHL Stanley Cup Finals is at risk, potentially leading to a total loss of $1 million in Bitcoin.
The post Drake’s $500K Bitcoin bet upset after Celtics take Mavs 4 to 1 appeared first on Crypto Briefing.
Investors in the bankrupt cryptocurrency exchange Voyager Digital are suing the National Basketball Association (NBA), and New Jersey’s oldest law firm, McCarter & English. This emerging legal battle illustrates how even some of the largest and most reputable brands and companies can quickly become ensnared in controversy in an industry marred by a tangled web […]
Lawyers for the basketball star claim he did not mention any alleged securities but instead warned of celebrities promoting crypto investments.
Professional basketball player Jimmy Butler has asked to be dismissed from a class-action lawsuit targeting celebrities involved in the alleged promotion of unregistered securities by Binance, saying tweets he appeared in did not promote the named securities.
In a July 24 filing, Butler’s lawyers argued three tweets he appeared in promoting Binance between Feb. 2 and Feb. 13 of 2022 did not mention allegedl unregistered securities and thus could not have helped to promote them.
They asserted Butler’s tweets did not recommend any investment and instead warned of celebrity crypto endorsements, urging potential Binance customers to do their own research on crypto investments.
Butler was named in the March class-action lawsuit alongside Binance, its CEO, Changpeng “CZ” Zhao, and YouTubers Graham Stephan and Ben Armstrong, who is known as BitBoy Crypto.
Binance engaged Butler — an All-Star player for the National Basketball Assocation's Miami Heat — in 2022 to promote the exchange in the lead-up to that year’s Super Bowl.
He first appeared in a video promoting a free nonfungible token (NFT) collection from Binance on Feb. 2, 2022. Butler subsequently tweeted another two videos that month, on Feb. 7 and Feb. 13.
Trust yourself.
— Binance (@binance) February 2, 2022
02.13.22
Here's a message from all-star basketball forward @JimmyButler ⤵️ pic.twitter.com/WS9XCQrlhO
In the video posted by Binance, Butler says “you’re going to hear some of the biggest names telling you to get into crypto but they don’t know you or your finances.”
“Binance and I are here to tell you, trust yourself and, of course, do your own research,” he added.
Related: Binance cuts back on employee benefits, citing ‘decline in profit’: Report
In Butler’s first tweet for the exchange, he said those who used the hashtag “#CryptoCelebAlert” during the Super Bowl could win one of 2,222 NFTs. In another of Butler’s videos, he urged followers to trust themselves and do their own research into crypto.
Is crypto for you? DO YOUR OWN RESEARCH, trust yourself. ⁰⁰I’m giving away 2222 NFTs of me during the game today with @Binance. When a big name tries to sell you crypto, sound the #CyptoCelebAlert buzzer. #ad
— Jimmy Butler (@JimmyButler) February 13, 2022
⁰Learn more➡️https://t.co/zh3cpqeYF7 pic.twitter.com/fzBdSUGCfW
A June 27 amended complaint said Butler’s statements were deceptive as they appeared alongside the promotion of the free Binance NFTs and its exchange platform.
Zhao, Binance and Armstrong have similarly filed motions to dismiss the suit. On June 15, the class action dismissed finance YouTuber Stephan from the suit.
Hall of Flame: Wolf Of All Streets worries about a world where Bitcoin hits $1M
A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s founder, of defrauding people who put money into FTX. Shaquille Served Legal Notice in FTX Lawsuit Outside His […]
The Moskowitz law firm has been standing outside NBA superstar Shaquille O'Neal's studio all week to "hand deliver" their legal complaint with no success, according to a recent statement.
The law firm representing victims affected by the FTX collapse has made a public plea to NBA superstar Shaquille O’Neal, asking him to show “courtesy and honor” by actually acknowledging their legal complaint after several unsuccessful attempts.
In an April 14 tweet, The Moskowitz Law Firm revealed its team have been standing outside O’Neal’s TNT studios in Atlanta “all week” to serve him on behalf of FTX investors, in regard to his previous endorsement of the now-defunct crypto exchange.
However, it was noted that O'Neal's security guards have not let them in.
You’ve been running from us for 3 months & all other FTX celebrities have agreed to receive their complaints. Please have the courtesy & honor to simply allow our process servers tomorrow to deliver our legal complaint on your behalf, so you can defend your actions in this matter
— The Moskowitz Law Firm (@moskowitzesq) April 14, 2023
It was emphasized that O’Neal is the only one among the “FTX celebrities” – referring to the class action lawsuit filed against several celebrities for endorsing FTX, including Tom Brady, Steph Curry and Larry David – who has not yet been served.
The law firm stated that O’Neal has been "running" from them "for 3 months" and should show the courtesy and honor by allowing their process servers to deliver the legal complaint on his behalf, so he can defend his "actions in this matter."
This comes after an April 7 court filing stated that numerous attempts have been made in various locations to serve O’Neal, but all have been unsuccessful. The filing stated:
“Mr. O’Neal is the sole remaining defendant in this matter who has still not been served. Despite Plaintiffs’ dozens of attempts in multiple states and countries, to either effect service on him or have him (or a designated agent) accept service of process.”
According to the court filing, the legal courier in Texas received a threatening message after making the "eighth most recent attempt" to serve O’Neal at his Texas residence.
The message mentioned the process server's wife, Beth Shaw, stating, “shaq lives in the Bahamas u stupid fuck give beth shaw my regards.”
The plaintiffs further stated that it is “finally time” to start attempting to contact O’Neal via other means, such as “direct messages to his verified social media accounts," according to the court filing.
Related: Celebs who got burned endorsing crypto and those that got away with it
This comes after it was reported on March 9 that U.S. District judge Kevin Moore is considering dismissing both O'Neal and tennis athlete Naomi Osaki from the lawsuit, after pointing out that it is unclear whether the two had been served.
A paperless order was issued by Moore, giving FTX customers until December to provide justification on why both stars should be included in the lawsuit.
Magazine: Can you trust crypto exchanges after the collapse of FTX?
On Monday, Twitter users noticed that the traditional blue bird logo had been replaced by a cartoon picture of Doge. Meanwhile, the leading meme coin cryptocurrency, Dogecoin, jumped 23% higher against the U.S. dollar after the logo change. Twitter Bird Logo Changes to Doge Twitter has updated its logo, replacing it with a picture of […]
Sorare, a Paris-based NFT (non-fungible token) fantasy game startup, has closed a deal with the Premier League, the first soccer division in the U.K., to make teams and players of the league part of its roster. According to reports, the multi-year agreement involves payments of tens of millions of pounds per year to the league. […]
The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The company announced that 52 games of the league will be available to be enjoyed using VR (virtual reality) tech, using Xtadium, a co-viewing platform. Five of these games will be presented in a more immersive way for Horizon […]
This week NFT Steez spoke to award winning artist Victor Solomon about basketball, the Metaverse, Web3 and his unique NFT collection.
On Dec. 2, NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey into bridging his in-real-life artwork into NFTs and how he cultivates the community and culture that surrounds it.
Solomon's work centers around basketball, not just the object, but the sport itself. For Solomon, the inspiration for his work comes from his early childhood of wanting to play hockey, a sport that was not accessible for him, and his eventual discovery of basketball which he discovered to be more accommodating.
Solomon said:
"Basketball was such an inspirational platform for me since there's no barrier to entry."
Solomon says that the open nature of basketball is an "incredible parallel for everything that's happening in Web3" and throughout the episode he explains the symbiotic relationship he has experienced in building out VesselVerse, the basketball of the Metaverse.
When asked about the liberating elements of creating and iterating in Web3, Solomon drew attention to the "invigorating" nature of being able to create things that cannot exist in real life, like a "planet inside a hollow basketball," but also the process of taking the physical elements into digital renderings and composites.
For Solomon, building a collection and a community to rally around it was second nature. His extensive experience in the traditional art world gave him the same insight and structure on how he releases digital collectibles.
Drawing inspiration from other NFT projects like Nouns, Solomon's digital collection, VesselVerse operates similarly to his real life pieces, except one "vessel," or basketball is auctioned off every hour.
Contrary to physical installations or show pieces in a gallery, Solomon noted that creating within Web3 offers participants and collectors a broader and larger say in the direction of the work rather than a one-off experience.
Related: Comic-Con guru explains why storytelling is the key component for successful NFT projects
When it comes to Web3 and the Metaverse, a core tenet in a successful project or ecosystem is the community surrounding it and building alongside it. Solomon described how "exciting it is to be able to work shoulder to shoulder alongside a growing community," where diverse collectors enable an "open forum to constantly visit, discuss and consider the direction of the project."
Rather than shying away from opening up considerations to the community, Solomon embraces the more decentralized aspects of building and unlocking community in Web3. Solomon said:
"What attracts me as a founder is unlocking that opportunity for everyone to be able to have a voice."
For Solomon, the juxtaposition of Web2 and Web3 has highlighted what he considers a "massive unlock." As he describes, the collaborative nature and "community spirit" has not been something he has been able to experience in his physical work and is "energizing."
The biggest challenge Solomon currently faces is re-educating a segment of the ecosystem that may have had bad experiences in the crypto and NFT market. Nonetheless, Solomon suggests that the adversity is worth enduring since the promise of Web3 is much bigger than any particular negative experience.
To hear more from the conversation, tune in and listen to the full episode of NFT Steez and make sure to mark your calendar for the next episode on Dec. 16 at 12 pm ET.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
