Bitcoin Steady Above $57,000 As Morgan Stanley Unveils Plans To Invest Clients In Cryptoassets

Ronaldo becomes first footballer to be paid in cryptocurrency

Christiano Ronaldo has reportedly become the first footballer to be paid in cryptocurrency following a record-breaking goal tally.

Ronaldo, who currently plays for Italian giant Juventus FC, received 770 Fan Tokens - which allow Juventus supporters to interact with their club and participate in various decisions via the Socios app - prior to his match this weekend.

The 770 Fan Tokens were paid to him by fans to match his total goal tally as a professional footballer.

Twenty-four clubs currently use crypto-tokens in elite football, including Barcelona, Atletico Madrid, Paris Saint-Germain and, most recently, Manchester City. 

The tokens are traded via the Chillz’s platform, with the total value of Fan Tokens on the platform estimated at more than $400m.

David Derhy, analyst, eToro

First French digital asset pegged to the euro unveiled

The first French digital asset pegged to the euro has been created by startup the Lugh Company.

The digital asset - to be known as the Lugh - will soon be available to investors, having been devised in partnership with investment businesses in France including Coinhouse, a French cryptoasset investment business.

In order to guarantee the stability of the Lugh (EUR-L), for each digital asset issued, one euro will be held in a dedicated bank account, the Lugh Company said.

It added the digital asset had been presented to the French regulatory authorities, with the company “willing to comply with the current regulatory framework”.

Simon Peters, analyst, eToro

Greyscale launches five new digital currency investment trusts

Grayscale Investments, the world’s largest digital currency asset manager, has launched  five new digital currency investment trusts, bringing its total number of investment products to 14.

The new trusts are the Grayscale Basic Attention Token Trust, Grayscale Chainlink Trust,

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Disclaimer: This article should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been ...

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