Inter Milan Risks Rating Cut After Losing Crypto Sponsor Funds

A company housing the media and sponsorship rights of Italian football club FC Internazionale Milano SpA risks a potential ratings downgrade after a lack of payments from a cryptocurrency market sponsor.

S&P Global Ratings has placed Inter Media and Communication SpA on a negative credit watch after DigitalBits, a blockchain used to power crypto assets, didn’t pay €16 million ($16.9 million) in bonus payments for the current sports season nor €1.6 million for the previous one, the ratings firm said in a statement on Thursday.

Original Link

Comments

All Comments

Recommended for you

Cointime精选 ·

Calculating Virtual GDP

Cost Accounting Method
Cointime精选 ·

State of BNB Chain Q1 2024

The metrics in this report will focus on BNB Smart Chain (BSC). BSC is an EVM-compatible, layer-1 blockchain secured by a form of Proof-of-Staked-Authority (PoSA) that combines aspects of Proof-of-Authority (PoA) and Delegated Proof-of-Stake (DPoS). In PoSA on BSC, the validator set is of fixed size and is elected by stake weight (staked plus bonded). In addition, validators must continue staking assets to secure the network, and validators chosen to produce blocks are rotated (not based on stake weight). For a full primer on the BNB Chain ecosystem, refer to our Ecosystem report.
Cointime精选 ·

Holesky SafeStake Testnet & Private mainnet: Why participate now?

One of SafeStake’s great strengths in the last two years has undoubtedly been the hard work at the development level to deliver a highly resilient and decentralized staking framework and protocol, facilitating the onboarding of thousands of users to the fascinating world of ETH staking with DVT technology.
Messari ·

State of TRON Q1 2024

TRON (TRX) is a public open-sourced blockchain network using a Delegated-Proof-of-Stake (DPoS) mechanism. It utilizes an election mechanism that determines who maintains the network. All TRX stakers vote onchain on which candidates they want to become Super Representatives. In each epoch, the top 27 most voted-for candidates become Super Representatives within the active set and take turns producing blocks. An election occurs every six hours.
Cointime精选 ·

Blockchain Life 2024 thunderstruck in Dubai

Dubai, April 17, 2024 - The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai.
Modular Data Layer for Gaming and AI, Carv, Raises $10M in Series A Funding

Santa Clara-based Carv has secured $10m in Series A funding led by Tribe Capital and IOSG Ventures, with participation from Consensys, Fenbushi Capital, and other investors. The company plans to use the funds to expand its operations and development efforts. Carv specializes in providing gaming and AI development with high-quality data enhanced with human feedback in a regulatory-compliant, trustless manner. Its solution includes the CARV Protocol, CARV Play, and CARV's AI Agent, CARA. The company is also preparing to launch its node sale to enhance decentralization and bolster trustworthiness.
Universal verification layer Aligned Layer completes $20 million Series A financing

Ethereum's universal verification layer Aligned Layer has completed a $20 million Series A financing round, led by Hack VC, with participation from dao5, L2IV, Nomad Capital, and others. The Aligned Layer mainnet is scheduled to launch in the second quarter of 2024. As the EigenLayer AVS, Aligned Layer provides Ethereum with a new infrastructure for obtaining economically viable zero-knowledge proof verification for all proof systems.
Cointime精选 ·

Socket - First Chain Abstraction Protocol

Over the last few years, the Ethereum ecosystem has made tremendous strides in advancing the modular roadmap, a strategic plan aimed at enhancing scalability and efficiency through specialization and layering within the blockchain network. This has led to the development of an increasing number of chains, each specialized for distinct use cases. The cost of spinning up a new rollup has decreased significantly, blobs and data availability have made settling transactions even cheaper, and we now have L3s on top of L2s. It’s only a matter of time before we get to a world of 10,000 rollups and chains.
Paradigm ·

Reth’s path to 1 gigagas per second, and beyond

We started building Reth in 2022 to provide resilience to Ethereum L1, and solve execution layer scaling on Layer 2. Today we’re excited to share Reth’s path towards 1 gigagas per second in L2 in 2024, and our longer-term roadmap for going beyond that. We invite the ecosystem to collaborate with us as we push the frontier of performance and rigorous benchmarking in crypto.
InfiniGods, a blockchain game studio, announced that it has received $8 million in Series A funding

Blockchain game studio InfiniGods announced it has received $8 million in Series A funding, exclusively invested by Pantera Capital.