Bitcoin (BITCOMP) and Ethereumereum (Ethereum-X) continued their pre-Christmas slump last week with both crypto trading down from their recent ATHs.

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Bitcoin faced a volatile week of trading but stayed firmly below the $50,000 level. After a brief rally to over $49,000 on Wednesday the cryptoasset has continued a downward march and is now trading around $46,000.

Ethereum meanwhile has been on a similar trajectory, plummeting at one point on Wednesday to near $3,600, before recovering to over $4,000. The cryptoasset is currently down again though, trading around $3,800.

TRON Founder Departs

TRON (TRX-X) founder Justin Sun has announced he is leaving his crypto project behind to become World Trade Organization (WTO) ambassador for Grenada.

Sun says he is leaving in order to help promote crypto projects and awareness of blockchain technology in Latin America.

With the founder departing, this leaves the TRON network he founded “essentially decentralized” he says. Nodes associated with Sun have been withdrawn.

The token, TRX, and blockchain project, offers decentralized open-source protocol for the entertainment industry. The token can be used to pay for content on its decentralized platform which aims to compete with the likes of YouTube and iTunes for content distribution. 

Crypto Investors Dive Into English Football

A consortium of crypto investors has offered to buy Bradford FC, while well-known bitcoin investor Peter McCormack has purchased a lower league football club Bedford FC.

The consortium, called WAGMI United intends to buy League One club Bradford FC, the club’s chairman Stefan Rupp confirmed. Plans to buy the club by WAGMI emerged in an interview with the Washington Post. 

The investors want to build NFTs at the core of the club’s crypto USP, using the technology to offer unique opportunities to investors and supporters of the club. 

As for Bedford FC, McCormack said in a long Twitter thread he intends to turn the minor club into a Premier league challenger using “bitcoin at its heart” making it a “bitcoin club.” 

In his thread McCormack claimed to have secured sponsorship for the club already and said the capital investments through crypto could help the club march up through the leagues.

Bedford FC currently plays in South Midlands League Division 1, some 10 divisions below the Premier League. 

Tesla To Accept Dogecoin

Elon Musk has announced that Tesla (TSLA) will accept dogecoin (DOGE-X) for payment of certain merchandise products.

Taking to Twitter (TWTR), as is often the eccentric billionaire’s modus operandi, Musk announced in a tweet “Tesla will make some merch buyable with Doge & see how it goes.”

Dogecoin’s price popped in the wake of the tweet, spiking over $0.20. But information as to the actual offer is still limited. Tesla sells a range of merchandise that can cost anywhere between $50 and $1,500. At the time of writing dogecoin is now trading around $0.16.