A former American professional basketball player has allegedly swindled over $800,000 worth of Bitcoin from a company based in Ghana.
Isaac Edward Austin, who retired in 2004, reportedly posed as a trustee for his own Bitcoin trading company and managed to get the Ghanaian firm to hand over $11,000 per BTC, GhanaWeb reports.
A total of $825,000 was transferred to Austin’s accounts, but he is yet to make any purchases of Bitcoin on behalf of his client.
The former basketball player claimed to be running two Bitcoin trading firms, IEA and Tudor Trust. His trusts purportedly participated in a “new cryptocurrency auto-trading program.”
Austin maintained contracts with the Ghanaian firm that said he would pay back investments with additional benefits at the close of trading.
The Ape ranks as #2189 for rarity out of the 10,000 Ape collection. The Ape was acquired five months ago from Pranksy.
Haliburton is one of several NBA players who own a Bored Ape, and also features it as his TwitterTWTRprofile picture.
Haliburton had one of his best performances of the 2021-22 season while wearing the Bored Ape sneakers.
In the Kings’ first home win of the season, Haliburton had 20 points, 4 rebounds, 7 assists and 4 steals.
All the totals in the game were above Haliburton’s season averages, and the game marked the most points and steals he has had in a game this season.
Related Link: Bored Ape Yacht Club: What To Know About The Hottest NFT Project Around
Why It’s Important: The shoes attracted a lot of attention to Haliburton and the Bored Ape Yacht Club collection.
NFTs are sold with authorship, copyrights, and a distinctive link that binds the producers and collectors in a business model.
The integrity of an artwork is kept alive via NFT. NFTs provide authors with a digital solution by granting them a particular right to make money from their creation when it is resold in other markets.
Regardless of the current market dip, sports-themed (NFTs) are still raking in the cash – not from traders, but from big-wig investors. Approximately $1 billion has been raised between Dapper Labs and Sorare only.
Sports Illustrated NFT
The NFT Market is a commercial area where advanced technology is used, and where specialized sports sectors with larger audiences are receiving increased attention.
There are now a large number of people entering the cryptocurrency area with the goal of making it better.
Nba player nft scambi
Sorare intends to collaborate with the top 20 football leagues in the world, as well as 50 international football organizations, according to Cointelegraph. Both men’s and women ‘s teams will receive NFTs.
La Liga Santander Spanish football league and the prestigious sports tournament in the world established a collaboration with Sorare on September 9, 2021.
This is a significant milestone because it allows fans on Sorare to exchange digital cards of La Liga players from clubs such as Real Madrid, Football Club Barcelona, Sevilla, Athletic Bilbao, Real Sociedad, Atlético de Madrid, and others. By end of 2022, Sorare hopes to have partnered with all the world’s top 20 leagues.
NFL Dapper Labs — NFL Moments and Heroes
NFL and NFLPA have announced a collaboration to generate limited-edition digital highlight reels of historic NFL Moments from the season’s top plays.
Nba player nft scamec
A non-fungible token (NFT) of a video clip of LeBron James dunking recently sold for more than $200,000 on NBA Top Shot, a website that allows users to buy and sell NBA video clips. An NFT is a digital certificate, kind of like a digital barcode, which certifies that a person owns that specific video clip on NBA Top Shot.
But the clip can still be watched for free by anyone on NBA Top Shot itself. And the same play can be seen — also for free — on YouTube.
So why are the hundreds of thousands of collectors on NBA Top Shot willing to spend money on these NFTs?
On The Indicator, we explain the sudden and extraordinary popularity of the market for a new kind of digital good: NFTs. We explore what they are, the psychology behind owning them and the risks of trading them.
Music byDrop Electric.
Nba player nft scamp
Completed USD 7.5 million in financing.
As the world’s top basketball league, the NBA has embraced the cryptocurrency field ahead of other sports leagues. It is foreseeable that more and more encryption service providers will appear in various sports events around the world.
The Lakers’ home stadium is renamed Crypto.com Arena
The Staples Center is the official home of the NBA Lakers, Clippers, WNBA Sparks and NHL Kings.
This is the first time the venue has been renamed since its opening in 1999, when the US office supplies retailer Staples spent US$120 million to obtain the naming rights.
According to the “Los Angeles Times” quoting sources, the naming rights transaction will reach 700 million US dollars in the next 20 years.
The NBA released the following statement Thursday:
“The benefit plans provided by the NBA and the National Basketball Players Association to our players are critically important to support their health and well-being throughout their playing careers and over the course of their lives which makes these allegations particularly disheartening. We will cooperate fully with the U.S. Attorney’s Office in this matter.”
Terrence Williams, who was selected 11th overall in the 2009 NBA Draft by the Nets, is the alleged ringleader of the fraud scheme.
Williams is said to have orchestrated the plan and recruited other participants to join by offering fake invoices to support their false insurance claims. Williams also allegedly helped others obtain fake letters of medical necessity and impersonated a plan claim processor.
As a result, it’s no surprise that clubs like Manchester United, AC Milan, and Real Madrid are giving their fan token owners more decision-making power. It’s worth noting that the more tokens you have, the more significance your vote has.
Socios recently announced a collaboration with the Ultimate Fighting Championship (UFC), the world’s biggest MMA organization with over a 600+million fans around the world.
Through increased involvement, discounts, and prizes, our relationship brings UFC fans closer together.
In September 2021, Rario, an Indian collectibles marketplace, announced the launch of an NFT marketplace exclusively for cricket.
Many called for them to be available for people to buy.
Steph Curry of the Golden State Warriors bought a Bored Ape Yacht Club earlier this year and is an investor and partner with Under Armour IncUAUAA. Perhaps Curry could feature his Ape in a signature shoe line from Under Armour in the future.
NBA player Josh Hart reminded Haliburton that despite his Ape being featured on a shoe, Hart has the rarer Ape in the collection.
Bored Ape #8748, owned by Hart feature blue fur (5% of Apes), rainbow suspenders (1%) and baby bonnet (2%), Hart’s Ape has 7 traits vs.
It can be seen that the NBA has been at the forefront on the road of playing “blockchain + sports”.
Dinwiddie, who plays for the Washington Wizards, has a small reputation in the crypto field. He joined this circle as early as 2017. He is an investor in a number of related projects and is also starting his own business.
Dinwiddie is an investor in NBA Top Shot developer Dapper Labs. The cryptocurrency application Calaxy launched as a co-founder of Dapper Labs completed a $7.5 million financing this year.
Dinwiddie’s enthusiasm for the encryption field is also reflected in his desire to become a sponsor of his own team’s jersey advertising.
The Top Shot NFTs can be anything from a Kevin Durant three-pointer to a LeBron James dunk. Users can buy packs directly from Top Shot or trade and sell with other users in the mobile app.
The NBA announced its licensing agreement with Dapper Labs, a blockchain game company best known as the creators of CryptoKitties, in August 2019. According to data provided by the league, there are around 460,000 NBA Top Shot collectors, who have made more than 4m transactions as of April 2021.
And make no mistake, this business makes money.
The rarest Top Shot moments have sold for hundreds of thousands of dollars, including a LeBron dunk that sold for nearly $400,000 last month. According to reports, Top Shots made more than $230m between October 2020 and February 2021.
The “big-handed” Lakers home naming rights also further reflect that the cooperation with the NBA is becoming the “sweet pastry” in the eyes of cryptocurrency exchanges.
The Bitcoin senior scholar Gu Yanxi analyzed to a reporter from the “Blockchain Daily” that the cooperation in the two fields will definitely continue to increase in the future.
In his view, the cooperation between sports leagues and crypto companies has mutual influence. “The sports world is relatively leading to participate in the Crypto field, especially since successive players have asked to use Bitcoin to pay wages.