The Athletic reported that the National Football League (NFL) has announced that for now, teams will not be allowed to sign sponsorship deals with cryptocurrency trading firms or sell branded non-fungible tokens (NFTs). The reasoning is likely that the NFL is developing a league-wide digital strategy, and deals of this nature could compete with their offering. Traders were caught flat-footed on Sept. 7 after a sharp collapse in the price of Bitcoin saw the digital asset fall below $43,000 and this led to widespread liquidations in derivative markets as more than $3.54 billion was liquidated. Let me say that again the Amount of Liquidations in the past 24 hours by exchanges in total $3.54B was liquidated! Steph Curry is a two-time NBA Most Valuable Player. He's lending his star power to FTX. Just this weekend, NBA All Star Steph Curry was asking for advice about how to get started in cryptocurrency. He must be a quick learner because, as of yesterday, he'll be giving it. The effects of the fourth industrial revolution in Africa have been taking everyone by surprise. While all eyes were turned to the US, Europe, and China, Africa was silently growing much faster than anyone anticipated, especially in financial technologies. In 2016, after @bitmamaexchange founder, Ruth Iselema (@realbitmama) got scammed of ₦250,000 trying to sell bitcoin, she decided "this has to stop". Her first major step? Leaving #PortHarcourt for the 'Lagos energy'. That moved paid off. You can find her entrepreneurial story and all of the rest of this week's news at the link below:
Ruth Iselema (@realbitmama) | Photo via TechPoint Africa
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