Judged by arena naming rights, Crypto.com is next

Discussion in 'Crypto Assets' started by Pekelo, Nov 10, 2022.

  1. Pekelo

    Pekelo

    You may remember my after the Super Bowl thread correctly calling for a crypto winter and BTC under 20K, here is the new one:

    Arena naming rights. When a VC or crypto firm buys those rights, they are going down. I mean hard. Buying those rights is almost always an over reach. (aka hubris) There are currently 2 stadiums named by crypto firms, FTX Arena in Miami (oh no!!!) and Crypto.com Center in Los Angeles. (Staples sounded much better)

    One already down, one more to go...

    "FTX secured naming rights to the Miami Heat basketball team's stadium in March 2021 in a reported $135 million, 19-year deal. Crypto.com took an even bigger swing, committing $700 million for 20 years' worth of naming rights for the former Staples Center, iconic home of the L.A. Lakers, in November 2021."

    We already know about FTX so let's see how Crypto.com is doing?:

    https://www.cryptopolitan.com/is-crypto-com-facing-threats-of-bankruptcy/
     
    Heydrrich and M.W. like this.
  2. RedDuke

    RedDuke

    I had the same thoughts, was having .com flash backs :D
     
  3. qlai

    qlai

    I remember you were waiting for a good opportunity to buy. Just curious if you still interested and at what price(s)?
     
  4. RedDuke

    RedDuke

    my last purchase was few months back when ETH broke 1K. Now waiting for ETH 500 or BTC 10k, preferably 5K.
     
    johnarb and qlai like this.
  5. Baron

    Baron ET Founder

    Blockfi pauses withdrawals but then sends out a "friendly reminder" that you still need to make your credit card payments.

    Dear Valued Cardholder,

    In light of recent developments at BlockFi, we would like to provide a friendly reminder that all terms and conditions of your cardholder agreement still continue to apply. As has been the case thus far, any existing balances or future purchases will need to be paid back per the minimum payment requirements on your card or sooner if you wish to do so. Your repayment activity and account status will continue to be reported to the credit bureaus. We look forward to continuing to serve you as our customer and address any questions you may have about this notification. Please don't hesitate to contact us using the contact information provided on the back of your card. Please review the Cardholder Agreement Terms & Conditions for information about your BlockFi Rewards Visa® Signature Card.

    The BlockFi Rewards Visa® Signature Card is issued by Evolve Bank and Serviced by Deserve, Inc., both of which are separate business entities from BlockFi.
     
    qlai likes this.
  6. gwb-trading

    gwb-trading

     
  7. RedDuke

    RedDuke

    On another message they still requiring clients to pay fees otherwise they will enforce collections. You just can not make this shit up :vomit:
     
    gwb-trading likes this.
  8. Did you have money in this shit as well?
     
  9. Pekelo

    Pekelo

    Just in:

     
    #10     Nov 11, 2022