NFT News by Thebittimes.Com

Premier League club Chelsea FC has announced a new sponsorship deal with a pro-Russia crypto exchange that has been accused of holding user funds “hostage” and “strongarming” them out of monthly bonuses. As reported by The Telegraph, the multi-year deal will see BingX become the club’s new shirt sleeve sponsor for the remainder of the 2023/24 season and then its training kit sponsor from the end of the campaign. However, at virtually the same time as Chelsea was announcing the new deal, BingX was the subject of an angry X (formerly Twitter) tirade that accused it of blocking a user’s account and seizing their funds. X user and crypto trader Miz (@TradoorMiz) explained: “BingX held 215,000 USDT of mine hostage and strongarmed me out of my 92,336 USDC monthly affiliate bonus. “I was introduced to a BingX BD by a friend of mine who had worked with them for some time. I had dinner with the BD on 10/13 and we spoke about specifics, the future of our partnership, etc. All details were...

Shiba Inu (SHIB) is one of the most popular memecoins in the cryptocurrency market. Ranked among the top 20 most valuable cryptocurrencies, SHIB has earned the attention of million s of investors. Currently, there are a total of 1,366,587 Ethereum address es holding SHIB, an ERC-20 token. These address es hold 999.98 trillion tokens, of which a burn address keeps 41% and, therefore, out of circulation. Shiba Inu top 100 token holders. Source: Etherscan This amounts to a relevant number of holding addresses despite not knowing the exact amount of individual holders. Interestingly, one single individual can own multiple addresses. At the same time, one single address can hold SHIB for multiple investors — as in centralized exchange addresses or DeFi smart contracts. Nevertheless, its relevancy is still notable, knowing this number is higher than Nashville’s 1.33 million population. Nashville is the 40th largest city in the United States and the capital of Tennessee. The aforementi...