CryptoWatch rounds up your top stories for everything about the digital coins and blockchain industry, and for this week, we are giving you what made the headlines that made an impact in the crypto world. One of the top stories here is the Premiere League's latest entry towards the blockchain, centering on the NFT Fantasy Football game.
Top Crypto's Current Prices
Cryptocurrency took a nosedive in 2022, but there seems to be a chance this year for people holding on to their blockchain holdings to see a brighter side in this volatile industry.
Since early 2023, there have been reports of a better climate in the cryptocurrencies present in the world, with the top coins like Bitcoin already regaining their previous valuations.
- Bitcoin - $23,000 valuation as of February 6
- Ethereum - $1,633 valuation as of February 6
- Tether USDT - $1.00 as of February 6
The top three coins include the same ones from the past weeks and months, with Bitcoin still leading the charts, Ether running at second, and Tether taking the third spot as per CoinMarketCap.
The prices are still varying for the top two coins, but Tether's prices remain at a stable $1, being a stablecoin.
Read also: CryptoWatch: Coinbase's Exit from Japan, Bitzlato with Ransomware Groups, and 'Dookey Dash' NFT Game
Premier League's NFT Fantasy Game
The English's top Football league in its countries, the Premier League, is now collaborating with Sorare, a Paris-based firm, to push for a new digital token experience centering on a Fantasy Football game. It will mainly focus on its NFT game heritage, with the game centering on a Five-a-side fantasy football genre to deliver the tokens.
Fantasy football games are mostly centering on becoming a coach or manager in a certain team or franchise, where one would control its roster, branding, promotion and marketing, and different aspects of owning a club.
According to CNBC, this fantasy football game would allow gamers to buy and own NFTs that are licensed by the Premier League, tokens that players may also trade or sell with an official mint.
Other leagues like Major League Baseball and the National Basketball Association are also in talks with Sorare.
Binance in Cahoots with Bitzlato
Binance is a known crypto trading firm in the world, but it is recently part of a controversy with Bitzlato, a recently shut down firm where money laundering and Bitcoin thieves are thriving. It led to the arrest of Anatoly Legkodymov, a Russian citizen residing in China, also known as the creator and handler of the crypto exchange, Bitzlato.
The largest crypto firm in the world, Binance, was allegedly involved in allowing Bitzlato's funds to pass through its firm, allowing the transactions for the money laundering platform to proceed with its operations.
Binance remains under investigation by regulators and top agencies who are intent on shutting down Bitzlato's entire operations and any platforms in cahoots with its illicit run.
