The American celebrity Kim Kardashian has been forced to pay a $1.26 million fine by the Securities and Exchange Commission (SEC). The fine pertains to her undisclosed promotion of EthereumMax (EMAX) over Instagram. She failed to reveal that she was paid $250,000 to promote the token. Kim Kardashian Promoting Crypto? Per a statement from the SEC on Monday, Kardashian’s problematic post contained a link to the Ethereum Max website, and instructions for purchasing EMAX tokens. The Instagram story said Kardashian’s…
The Houston Texans – a professional American football team – have entered into an exclusive partnership with the Houston-based cryptocurrency company, BitWallet. The partnership will allow the team to begin accepting crypto as payment for single-game NFL suites.
- Effective immediately, BitWallet will act as an intermediary for crypto payments to the Texans. This allows digital assets to immediately be converted into U.S. dollars.
- The first to purchase a suite using digital currency was EWR Digital, a digital marketing agency.
- “We are proud to partner with BitWallet to offer an exciting option for our fans who are looking to enjoy Texans gameday in one of our suites,” Houston Texans President Greg Grissom said in a press release on Tuesday.
- BitWallet CEO John T. Perrone said that cryptocurrencies are becoming a primary means of payment and that the Texans are leading the way for the NFL.
- “I am honored that BitWallet is the first to offer Texans fans this service,” he added.
- Last month, the New York Yankees revealed a partnership with NYDIG to provide a Bitcoin Savings Plan for employees. This would allow them to have part of their salary paid in Bitcoin.
- In November, the Australian baseball club Perth Heat adopted a full Bitcoin standard. It converted its treasury into Bitcoin while utilizing the lightning network to accept Bitcoin payments from fans and to pay athletes/employees.
- Multiple athletes across the NFL have also begun accepting Bitcoin salaries, including the LA Rams’ Odell Beckham JR.