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CATEGORY: racing


Jun 28, 2024 02:15

Sui Blockchain Founders Showcase Expertise Under Pressure at Red Bull Racing Simulator


Sui blockchain's founders answer technical questions while driving high-speed laps at the Sui Basecamp event, showcasing their expertise under pressure. (Read More)

 MotoGPs Gresini racing goes crypto with new fan sponsorship program

Author: Cointelegraph by Josh O'Sullivan
United States
Jun 02, 2024 12:00

MotoGPs Gresini racing goes crypto with new fan sponsorship program

MotoGP race team Gresini Racing is embracing elements of decentralized ownership through a new program allowing fans to purchase personal team sponsorship packages.

May 17, 2025 02:15

NVIDIA Enhances Path Tracing in Indiana Jones with Shader Execution Reordering


NVIDIA's Shader Execution Reordering (SER) optimizes path tracing in Indiana Jones and the Great Circle, enhancing performance on GeForce RTX GPUs. (Read More)

May 17, 2025 02:15

NVIDIA Enhances Path Tracing in Indiana Jones Game with Opacity MicroMaps and BLAS Compaction


NVIDIA's new path tracing optimizations in Indiana Jones, utilizing Opacity MicroMaps and BLAS compaction, significantly improve GPU performance and reduce VRAM usage. (Read More)

May 15, 2025 05:50

UBS: Asias Affluent Embracing Crypto, Gold, and Chinese Currency Over US Dollar

The Asian wealthy are increasingly turning to Bitcoin and gold for diversification amid rising economic uncertainties in China and the dollar markets. A report by Swiss bank UBS revealed that affluent investors in Asia are expanding their investment horizons beyond traditional assets like stocks and bonds. According to the report, wealthy individuals in Asia are [...]

Apr 24, 2025 05:50

Survey Reveals Crypto Users Embracing AI in Managing Their Portfolios

With the rise of artificial intelligence in the cryptocurrency space, a significant number of users are now entrusting AI agents to manage their portfolios. This shift marks a new trend in the industry, as investors seek more efficient ways to navigate the volatile market. In a recent survey, it was found that a majority of [...]

The post Survey Reveals Crypto Users Embracing AI in Managing Their Portfolios appeared first on Crypto Breaking News.

Mar 30, 2023 05:05

OKX Expands Sponsorship Deal with Formula One McLaren Racing Team

<p class="MsoNormal">Malta-based OKX, which operates a global crypto <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6">exchange</a>, announced the extension of its partnership with British Formula One (F1) team McLaren Racing on Thursday. </p><p>OKX and McLaren Racing Extend Sponsorship Agreement</p><p class="MsoNormal">The first multi-year agreement between OKX and McLaren Racing <a href="https://www.financemagnates.com/cryptocurrency/news/crypto-exchange-okx-inks-multi-year-sponsorship-deal-with-mclaren-racing/" target="_blank" rel="follow">was concluded last May</a>, and neither party disclosed its financial terms. Now news has emerged that the team has extended sponsorship terms with the cryptocurrency exchange, which has secured increased pressure on the MCL60 team car.</p><p class="MsoNormal">According to the latest agreement, the OKX logo will appear on the car's sidepods during seven races, including in the upcoming Australian Grand Prix this weekend. In addition, the OKX logo will be on the suits of drivers Norris and Oscar Piastri until the end of the current season.</p><p class="MsoNormal">"We are delighted to be growing our Primary Partnership with OKX, a long-established leader in the cryptocurrency sector. When partnering with brands in dynamic, fast-evolving industries like crypto, it's important to be aligned with companies who work to the highest standards and to carry a responsibility to educate people on new technologies - and our partnership with OKX has led by example," Zak Brown, the CEO of McLaren Racing, commented.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">We are delighted to announce an expansion to our partnership with <a href="https://twitter.com/okx?ref_src=twsrc%5Etfw">@OKX</a>, the second-largest crypto exchange by trading volume and a leading Web3 technology company, increasing its support as an Official Primary Partner of the team. ?? Let’s go racing at the <a href="https://twitter.com/hashtag/AusGP?src=hash&amp;ref_src=twsrc%5Etfw">#AusGP</a>! ????</p>— McLaren (@McLarenF1) <a href="https://twitter.com/McLarenF1/status/1641338051619180546?ref_src=twsrc%5Etfw">March 30, 2023</a></blockquote><p class="MsoNormal">"OKX are pushing to elevate our fan experience offering, finding ways to bring the papaya fans closer to our team, while opening up the world of Formula 1 to a completely new audience."</p><p class="MsoNormal">In 2022, OKX executed a full livery revamp of the MCL36, initiating the #FutureMode campaign during the Singapore and Japanese Grands Prix. This campaign commemorated McLaren's comeback to racing in the Asia Pacific, which is a crucial region for OKX's growth and presence.</p><p>McLaren Racing's Deep Connection With Finance World</p><p class="MsoNormal">For McLaren's F1 racing team, the partnership with OKX is not the first from the wide world of finance. Last June, the team signed a multi-year sponsorship deal <a href="https://www.financemagnates.com/institutional-forex/goldman-sachs-inks-multi-year-sponsorship-deal-with-mclaren-racing/" target="_blank" rel="follow">with Goldman Sachs</a>, which elevates the team to meet its sustainability goals. In late 2021, cooperation with the team was extended by <a href="https://www.financemagnates.com/thought-leadership/fxpro-and-mclaren-f1-team-extend-partnership/" target="_blank" rel="follow">FxPro brokerage</a>.</p><p class="MsoNormal">More interestingly, McLaren Racing is acquiring talent from the financial market. In October, <a href="https://www.financemagnates.com/executives/dylan-holman-departs-etoro-for-mclaren-racing/" target="_blank" rel="follow">Dylan Holman departed eToro</a> to take on the role of Head of Primary Partner at the British racing team. Holman left the Head of Global Sponsorships position with the Israeli social trading and <a href="https://www.financemagnates.com/terms/m/multi-asset/" class="terms__secondary-term" id="ffc57e87-e0f9-4ad1-849f-68bc7998a5c0">multi-asset</a> broker after more than six years of service.</p><p class="MsoNormal">Just yesterday, another F1 Team, Williams Racing, announced that <a href="https://www.financemagnates.com/cryptocurrency/kraken-crypto-exchange-sponsors-williams-racing-f1-team/" target="_blank" rel="follow">cryptocurrency exchange Kraken</a> has become one of its sponsors. Its logo will appear on the FW45 car halo and rear wing until the end of this season.</p><p class="MsoNormal">Formula One and the financial industry have been linked for years, including FX/CFD. X-Trade Brokers (now XTB) was the first FX company <a href="https://www.financemagnates.com/forex/brokers/xtb-is-on-a-roll-interview-with-ceo-jakub-zablocki/" target="_blank" rel="follow">to bet on F1 sponsorship</a>, signing a deal with Vodafone Mercedes Racing Team in 2010.</p> This article was written by Damian Chmiel at www.financemagnates.com.

Mar 29, 2024 12:05

New Era For VeChain: Marketplace Platform Unveiled, Price Spike Looming?

In a new development, VeChain (VET) has announced the introduction of its latest No-Code Tokenized Asset Marketplace-as-a-Service platform (MaaS), fueling optimism within the community of an impendent price uptick. The announcement also featured the collaboration of the MotoGP racing team Gresini Racing as its first enterprise client. By collaborating with Gresini Racing, an enormous fan base will be offered digital collectibles through the MaaS platform. VeChain To Onboard A Rapid Tokenizing World With the launch of its No-Code Tokenized Asset Marketplace (MaaS) platform, VeChain has made tremendous progress toward increasing mass adoption of blockchain technology. VeChain’s continuous goal to promote widespread blockchain technology adoption by removing technological hurdles is consistent with this user-friendly strategy. Since its founding, VeChain has created several use cases powered by blockchain applications. These include product authentification, creating new digital communication channels, provenance and sustainability traceability, and others. This demonstrates its understanding of the tremendous potential that its technologies have for Web 3. Related Reading: Big Banks Push for More Bitcoin (BTC) Exposure, VeChain (VET) and NuggetRush (NUGX) Lead the Top Gainers Given the rise in demand for tokenizing Real-World assets (RWAs) solutions, the introduction of MaaS seems appropriate. Furthermore, NFC functionality and support for “Phygitals,” or real-world physical assets with NFT/digital counterparts, will be added later in the platform.  Specifically, this innovation was created to significantly influence the digital asset market. It aims to provide enterprise and individual builders with an “easy-to-use white-label NFT platform for digital asset sales” and transfers that require little to no programming. MaaS applications are diverse and address the increasing need for platforms that enable asset tokenization. Blackrock‘s latest application for a Real World Asset (RWA) tokenization fund highlighted this path.  So far, the No-Code Tokenized Asset Marketplace-as-a-Service platform (MaaS) is expected to be fully operational later this year. VET Is On A Downtrend  Despite the launch of MaaS, VeChain (VET) is witnessing a daily downtrend of nearly 2%. However, in the weekly timeframe, the crypto asset has increased by over 5%, suggesting an upward move.  Related Reading: VeChain Ready For Big Moves: Analyst Identifies Key Factors That Will Drive VET To New ATH As of the time of writing, VET was trading at $0.0440, with its market cap dropping by 2.78% in the past day. Meanwhile, its trading volume is down by about 24% in the last 24 hours. In August 2018, during a downside trend in the cryptocurrency market, VET made its market debut. However, following the 2021 bull run, VET rose to the top, peaking at $0.281 before the cycle ended. Featured image from Shutterstock, chart from Tradingview.com

Mar 20, 2025 04:40

From Cross-Border Payments to GamingWhy Qubetics, XRP and Sonic Are the Best Cryptos for Passive Income!

Discover how Qubetics, XRP, and Sonic are leading the charge in blockchain innovation as the best cryptos for passive income.

The post From Cross-Border Payments to GamingWhy Qubetics, XRP and Sonic Are the Best Cryptos for Passive Income! appeared first on Kanalcoin.

Mar 20, 2025 05:50

Hives Bold Move: Embracing BTC Hodl Strategy Despite Miner Equity Dilution and Debt Reliance

Hive Intensifies Bitcoin Treasury Approach Hive Blockchain Technologies is stepping up its strategy when it comes to Bitcoin holdings. The company recently announced its decision to increase its Bitcoin treasury holdings in a bid to capitalize on the digital asset’s potential for long-term growth. This move by Hive comes as Bitcoin continues to gain popularity [...]

The post Hive’s Bold Move: Embracing BTC Hodl Strategy Despite Miner Equity Dilution and Debt Reliance appeared first on Crypto Breaking News.

Mar 20, 2025 02:50

The Ultimate Game Changers: Gate.io Joins Forces with Oracle Red Bull Racing in F1 to Usher in a New Era of Speed

In the race for market leadership, Gate.io is accelerating with precision and vision, steering toward a broader and more influential future.

Kraken Gains EMI License: What It Means for UK Crypto Traders, Report

Author: Arslan Tabish
Estonia
Mar 11, 2025 02:30

Kraken Gains EMI License: What It Means for UK Crypto Traders, Report

Kraken has recently been granted an authorization from the FCA to operate as an Electronic Money Institution (EMI). This license enables Kraken to issue the electronic money which would enable the faster and convenient deposits and withdrawal of funds from the platform to the users in United Kingdom. Kraken’s UK Expansion Plans The new authorization […]

Mar 29, 2023 05:05

Kraken Crypto Exchange Sponsors Williams Racing F1 Team

<p> Williams Racing and Kraken, a popular crypto platform, announced a global partnership ahead of the Australian Grand Prix in Melbourne. This marks Kraken's first-ever official crypto and Web3 partner of the Formula 1 (F1) team.</p><p>Kraken and Williams Racing Announce Crypto Partnership</p><p class="MsoNormal">According to a press release <a href="https://www.williamsf1.com/posts/315c4334-4ab2-4991-8557-066c8759b776/williams-racing-and-kraken-announce-global-crypto-partnership" target="_blank" rel="nofollow">published </a>on Williams F1's official website, throughout the rest of the 2023 FIA Formula One World Championship season, Kraken's logo will be prominently displayed on the FW45 racing car halo and rear wing. Additionally, the branding will be featured on driver racing attire and team headwear.</p><p class="MsoNormal">In addition to the partnership agreement, the rear wing of FW45 will exhibit KrakenNFT digital art pieces owned by customers sourced from third-party NFT initiatives during specific Grand Prix events. Furthermore, Williams and Kraken will join forces to create exclusive limited-edition caps for certain Grands Prix occasions.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">?? Today we’re thrilled to announce Kraken as an official partner of <a href="https://twitter.com/WilliamsRacing?ref_src=twsrc%5Etfw">@WilliamsRacing</a>! Together we’re accelerating the crypto revolution on and off the grid ??More info: <a href="https://t.co/ASxKLrBlFo">https://t.co/ASxKLrBlFo</a> <a href="https://t.co/5RfIdkZKbZ">pic.twitter.com/5RfIdkZKbZ</a></p>— Kraken Exchange (@krakenfx) <a href="https://twitter.com/krakenfx/status/1640700416156397571?ref_src=twsrc%5Etfw">March 28, 2023</a></blockquote><p class="MsoNormal">"Kraken's partnership with Williams Racing shows what is possible when you combine a great mission with excellence, innovation and breakthrough performance. These are both iconic brands that have stood the test of time. We're excited to engage with both Kraken's and Williams Racing's global communities, showcasing the power and life-changing impact of crypto and Web3," Mayur Gupta, the Chief Marketing Officer at Kraken, commented.</p><p class="MsoNormal">With a focus on engaging fans and the community, Kraken will take part in various Williams Racing fan zone activities during the season. Simultaneously, the crypto <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6">exchange</a> will develop content to inform and educate F1 fans about the objectives and importance of Web3 technology.</p><p class="MsoNormal">James Bower, the Commercial Director of Williams Racing, expressed his pride and excitement about the partnership with Kraken, highlighting that it unites two well-established and trusted brands from their respective industries.</p><p class="MsoNormal">"We're excited to get the partnership underway to offer our fans cutting-edge crypto and Web3 experiences, while also enabling Kraken to reach new institutional clients and businesses through our network and events," Bower summarized. </p><p>Brokers and Exchanges Bet on F1</p><p class="MsoNormal">The first FX/CFD company to bet on Formula One sponsorship <a href="https://www.financemagnates.com/forex/brokers/xtb-is-on-a-roll-interview-with-ceo-jakub-zablocki/" target="_blank" rel="follow">was X-Trade Brokers</a> (now XTB) more than ten years ago. Since then, many more retail brokers have decided to partner with teams of the popular racing series. In 2018, such a partnership with the <a href="https://www.financemagnates.com/thought-leadership/fxpro-and-mclaren-f1-team-extend-partnership/" target="_blank" rel="follow">McLaren F1 Team was established by FxPro</a>, which was extended in 2021, while a year ago, the popular <a href="https://www.financemagnates.com/terms/p/payments/" class="terms__secondary-term" id="f1d2a713-da14-4a6b-8fcd-e8f360d07f45">payments</a> services provider, <a href="https://www.financemagnates.com/fintech/nuvei-become-mercedes-formula-1-teams-official-sponsor/" target="_blank" rel="follow">Nuvei</a>, became a sponsor of the Mercedes team.</p><p class="MsoNormal">In addition, the cryptocurrency industry has experience in sponsoring sports and F1 teams. In 2021, <a href="https://www.financemagnates.com/cryptocurrency/news/crypto-com-becomes-a-sponsor-of-aston-martin-f1-team/" target="_blank" rel="follow">Crypto.com announced</a> that it has become a sponsor of the Aston Martin F1 Team, and in 2019 FuturoCoin joined as <a href="https://www.financemagnates.com/cryptocurrency/news/futurocoin-becomes-first-crypto-firm-to-sponsor-formula-1-team/" target="_blank" rel="follow">a partner of Aston Martin Red Bull Racing</a>. Unfortunately, the latter turned out to be a scam promoted by the fraudulent company FutureNet. Roman Ziemianin, the pyramid's creator, was arrested in late 2022.</p><p>Positive News for Kraken after Tough Months</p><p class="MsoNormal">The news of a sponsorship deal signed with a Formula One team is the first upbeat note regarding Kraken after a year of cryptocurrency operational and regulatory problems.</p><p class="MsoNormal">In November, the exchange announced that it was cutting its global workforce <a href="https://www.financemagnates.com/cryptocurrency/crypto-exchange-kraken-cuts-global-workforce-by-30/" target="_blank" rel="follow">by 30% </a>in order to adapt to challenging market conditions. Less than a month later, it admitted that it was <a href="https://www.financemagnates.com/cryptocurrency/kraken-to-shut-operations-in-japan-by-citing-weak-crypto-market/" target="_blank" rel="follow">suspending operations in Japan</a> due to the weak cryptocurrency market.</p><p class="MsoNormal">However, the real problems started after February 2023, when Kraken found itself <a href="https://www.financemagnates.com/cryptocurrency/kraken-faces-sec-probe-over-unregistered-securities-listings/" target="_blank" rel="follow">under the sight of the US SEC</a> in connection with a listing of unregistered securities. Finance Magnates reported that the <a href="https://www.financemagnates.com/cryptocurrency/kraken-shuts-staking-as-a-service-in-us-amid-30m-sec-settlement/" target="_blank" rel="follow">exchange shut down Staking-as-a-Service</a> and agreed to pay $30 million to settle with the market supervisor over its activities in the US.</p><p class="MsoNormal">Regulatory problems prompted news of a possible <a href="https://www.financemagnates.com/cryptocurrency/kraken-to-move-from-exchange-to-crypto-bank-amid-us-regulatory-dispute/" target="_blank" rel="follow">exchange conversion into a crypto bank</a>. The idea was first presented in 2020 and has now resurfaced in the face of regulatory pressure.</p><p class="MsoNormal">In the wake of Silvergate Bank's downfall, <a href="https://www.financemagnates.com/cryptocurrency/news/kraken-to-suspend-ach-deposits-and-withdrawals/" target="_blank" rel="follow">Kraken has opted to discontinue ACH deposit</a> and withdrawal services. Since 2019, Kraken has been among several crypto exchanges utilizing the Silvergate Exchange Network (SEN) for ACH transactions in the United States.</p> This article was written by Damian Chmiel at www.financemagnates.com.

May 25, 2023 01:20

Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June

Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing the Tracing of Crypto Transactions The Cabinet of Japan, the executive

The post Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June appeared first on BTC Ethereum Crypto Currency Blog.

Feb 27, 2023 11:15

Derby Stars launches Early Access to Horse Racing Game | Invezz

Derby Stars, a groundbreaking horse-racing metaverse game on the Polygon (MATIC/USD) blockchain, has announced an “Early Access” version. According to the team, the immersive horse racing game will allow early adopters to experience it and provide feedback as from 27th February to 20th March, 2023. Sean Hahm, the Executive Producer at Derby Stars commented on ...

Read more

<p>The post Derby Stars launches Early Access to Horse Racing Game | Invezz first appeared on CCNC.</p>

Source

Aug 23, 2022 10:35

Tencent Receives Patent for Tracing Missing Individuals by Using Blockchain Technology


Chinese tech giant Tencent has revealed that it has been granted a patent for person-seeking notices by using blockchain technology. Its purpose is to boost the search for missing person efficiency. (Read More)

Beer, gambling and crypto: Budweiser races into Zed Run's NFT games

Author: Cointelegraph By Brian Quarmby
United States
Jun 08, 2022 08:25

Beer, gambling and crypto: Budweiser races into Zed Run's NFT games

The duo will launch a Budweiser-themed race track, Budweiser NFT passes, racing prize pools starting at $45,000 and three tiers of airdropped Clydesdale NFT skins that are usable in Zed Run.

May 04, 2022 07:01

McLaren Racing Signs a Multi-year Partnership with Crypto Exchange OKX


McLaren Racing, a British motor racing team, has inked a multi-year deal with crypto exchange OKX, formerly OKEx, to be the primary partner of McLaren Shadow esports Team and McLaren Formula 1 (F1) Team from this year. (Read More)

Apr 12, 2022 07:55

Animoca Brands Acquires Former Developers of Need for Speed, Test Drive Unlimited, and V-Rally

There’s a big hope that they will bring more of traditional gaming with satisfying gameplay into the money-centered world of crypto games. 

Continue reading Animoca Brands Acquires Former Developers of Need for Speed, Test Drive Unlimited, and V-Rally at DailyCoin.com.

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