Bitcoin price rises as Dutch football club PSV announces support

Home » Bitcoin price rises as Dutch football club PSV announces support

The cryptocurrency rose again on Thursday, after falling for the past week, as bad news hit bitcoin.

The best Dutch football club PSV says it has signed a partnership with bitcoin exchange Anycoin Direct.

Stake
$10.000 Daily Races!!
Free VIP Bonus $10 - Up to $10000,
Weekly Giveaway $50000
Monthly bonus, Weekly Bonus, Hourly Bonus
5.0 rating
5.0

“PSV will be the first major football club in the EU to be fully sponsored in bitcoin,” he said.

Frans Janssen, commercial director at PSV, added that “the possibilities and future that the cryptocurrency world has to offer … we are always innovating, cryptocurrency fits this picture very well.”

Bitcoin (BTC-USD) was up about 4% to trade at $44,231 (£32,386). That’s still below the key $50,000 figure, and quite far from the record high of $63,000.

Ethereum (ETH-USD) jumped 6.6% and was trading at $3.137.

“Crypto traders should be pleased to hear that it is becoming increasingly normal to hear big names now making their way into the digital sector,” said Naeem Aslam, chief market analyst at Ava Trade.

One example he gives is investment management company Invesco, which is working to create crypto products for its consumer base. It partners with Galaxy Digital to offer digital products backed by physical assets.

The company manages $1.5 trillion in assets worldwide and manages approximately $470 billion worth of indexed ETFs and strategies.

However, Mike Novogratz, CEO of Galaxy Digital, said he expects the regulatory environment around digital assets to be very volatile over the next year.

He’s not the only one with concerns about regulators. Bridgewater Associates founder and hedge fund billionaire Ray Dalio said last week: “I think, in the end, if it actually works … [regulators] will try to kill it,”

Meanwhile, Emily Chi, COO of Coinbase (COIN), confirmed rumors that her company is working on a proposal to lawmakers outlining how the crypto market should be regulated.

The proposal, according to him, aims to achieve transparency and integrity in the blockchain sector,” said Aslam.

Chi also said regulations that could potentially regulate the crypto market should ensure fairness and equal opportunity for crypto and financial services.

The Dubai World Trade Center Authority announced that it will support the regulation, offering, issuance, listing, and trading of crypto assets and related financial activities within its free zone.

“Investors are optimistic about the UAE regulator’s support of crypto trading which is another confirmation of the wider adoption of cryptocurrencies,” Wael Makarem, senior analyst at trading brokerage Exness, told Yahoo Finance UK.

He added that within the crypto market “we are seeing signs of resilience with the buy-in downside.”

Previously, the bitcoin price drop came amid a brutal sell-off in the market, linked to China’s Evergrande Group.

source news yahoo

5.0 rating
Stake
Modern Bitcoin Casino & Sports betting platform. Enhanced privacy. Instant deposits & withdrawals. Provably fair slots & games. 130+ crypto currencies
4.8 rating
ATM, Hashdice, Blackjack, Roulette and many other games are here based on provable fairness of the blockchain technology. Plus, not only having fun, you can be a banker. Join BC.Game now and Boost Cryptocurrencies here!
4.5 rating
Roobet, crypto's fastest growing casino. Hop on in, chat to others and play exciting games - Come and join the fun!
4.5 rating
Rollbit
Innovative crypto gambling & trading platform. Win and trade Bitcoin and Ethereum. Provably fair games. 1000+ slots and live games. Instant withdrawals.
4.5 rating
Bitsler offers casino games like dice and roulette with bitcoin, ethereum, ripple and 17 other cryptocurrencies. Win part of our $1000000+ yearly gambling
4.5 rating
Best crypto dice game on the web: instant BTC deposits & withdrawals, a bunch of bonuses, highest faucets, live support, lossback available for HR.
4.5 rating
Bitcoin dice game established 2013. Provably fair. Lowest house edge. Instant deposits & withdrawals. Enhanced privacy. Register instantly & gamble Bitcoin
4.0 rating
Join Bitcasino Today ☆ Play with 24/7 LIVE Dealers, Slots, Dice and Table Games ☆ Register Anonymously.
4.0 rating
the best place to play Provably Fair Blackjack, Baccarat, Video Poker, Dice, Roulette, and Slots
4.0 rating
One Of The Best Licensed Bitcoin Casino. Wide Game Selection: Slots, Dice, Roulette, BlackJack And More. Join Today And Receive Various Bonuses.
4.0 rating
WINDICE is the best dice game of cryptocurrency
4.0 rating
Bitvest is a Bitcoin Gambling site offering Dice, Plinko, Slots, Roulette, Keno, and Bitspin. Come and Win Big, or Invest with the house!
3.8 rating
CryptoGames is a Bitcoin gambling site offering Dice, Blackjack, Roulette, Lottery, Poker, Plinko and Slot game to play also with Ethereum, Dogecoin & Litecoin.
3.5 rating
BitGame
More than 10 years of experience in the sportsbook and entertainment industry