Crypto Daily News: NFL Strikes Crypto Deal; Bitcoin (BTC) Drops Below $8,000

In today’s edition of Crypto Daily News, we’ll cover the NFL’s latest deal in crypto, Thomson Reuters’ partnership with Crypto Compare, and Bitcoin (BTC) dropping below $8,000.

Crypto Daily News: July 31st, 2018

NFLPA Strikes Crypto Deal

Announced this morning, the National Football League Players Association (NFLPA) plans to encourage its members to provide commentary, live streams, and other content on the FanChain platform. The NFLPA hopes that former and current players will be able to earn revenue for themselves outside the games they play.

The NFLPA has purchased a minority stake in blockchain startup SportsCastr, which is the company behind FanChain.

NFLPA VP, Casey Schwab, told CoinDesk:

“When you look at blockchain, and obviously currencies have been the most ubiquitous use of blockchain today, but when we look at tokenized assets or tokens or [non-fungible tokens], we look at the different ways we can try to create products that are going to be sustainable and long-lasting.”

To make money on the platform, athletes can earn tokens on the system by creating content on the FanChain platform or have their fans pay them with cryptocurrency directly.

Thomson Reuters & CryptoCompare

The Canadian mass media company, Thomson Reuters, has just announced a crypto asset data partnership with CryptoCompare. According to Forbes, the cryptocurrency tracking resource CryptoCompare will provide order book and trade data on 50 different cryptocurrencies for Reuters.

This information will then be placed on Reuters’ financial desktop platform Eikon, which was made for institutional investors.

“As the digital asset markets mature, we see a fast-growing demand from the institutional investor community for comprehensive, real-time and global market data, which can be trusted as the basis for investment decisions,” said Charles Hayter, CE and Founder of CryptoCompare.

Bitcoin Drops Below $8,000

According to CoinMarketCap, the world’s largest cryptocurrency has dropped below the $8,000 range. At press time, BTC is trading at $7,818.84 a coin, down -3.20% in 24 hours.

There doesn’t seem to be an exact reason for the digital currency to drop below, making it more likely to be general market fluctuation.

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Featured Image: Depositphotos/© Willard

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