Turkish Crypto Company Recently Signed a Sponsorship Agreement With The Football Club

Bitcoin and other blockchain networks continue to make headwinds in the sporting arena thanks to the latest partnership between Bitcoin exchange BtcTurk and first-division football club Yeni Malatyaspor.

According to sources, the stalwart Turkish crypto company recently signed a sponsorship agreement with the club that will feature its logo on the team kit for the current 2019/20 season:

The subsequent swift move by Yeni Malatyaspor, however, suggests that high-profile teams, even outside of football, are quickly realizing the benefits of cryptocurrencies. (Positive)

Bitcoin.com Opens Crypto Exchange

On September 2, Bitcoin.com, a website previously focused on covering Bitcoin (BTC), Bitcoin Cash (BCH) and general cryptocurrencies news, announced the launch of its own digital assets exchange.

The platform “will host a slew of trading pairs including popular cryptocurrencies like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC), stellar (XLM), and EOS.”

Managing director of Bitcoin.com exchange Danish Chaudhry told industry news outlet Decrypt that the platform “is hoping to compete against the bigger, more established exchanges, such as Coinbase and Binance by catering to its base.”

To attract new users to its exchange platform, Bitcoin.com also offers a few promotional benefits. For example, it is promised that “new accounts will get paid to trade by benefiting from negative 0.3% trading fees for the next three months.” (Neutral)

Binance Launches $216,000 Futures Trading Contest on Testnet Platforms

Binance has launched two futures testnet platforms — inviting users to participate in a 10,000 Binance Coin (BNB) trading competition.

The major crypto exchange has launched two futures trading platforms named Futures A and Futures B in testing mode — allowing customers to participate in a simulated trading competition, Binance announced on its website on Sept. 2.

According to the announcement, Binance will award winners with a total of 10,000 BNB, worth about $216,000 at publishing time. During the competition, Binance will provide all participants with 100,000 Tether tokens (USDT) in simulated funds on both Binance futures platforms, which means that each account will receive that amount of USDT for testing purposes only. 

Participants will be ranked based on the total USDT trading volume transacted, including buys and sells but excluding wash trades. In order to be eligible for a prize, participants will be required to maintain at least the originally allocated 100,000 USDT in simulated funds by the end of competition, Binance stated.

Competitors are also being invited to take part in voting for their favorite platform, and those who support the winning platform will receive a 50% trading fee discount for a month. The competition will be launched on Sept. 3 and end on Sept. 8. (Positive)

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