Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Latest News

FunFair Ventures backs creator of poundtoken blackfridge

Published

2 years ago

on

<imgsrc=”” width=”1280″ height=”670″ title=”” alt=”FunFair Ventures backs creator of poundtoken blackbridge”>

Reading Time: 2 minutes

blackfridge, the Isle of Man-based fintech company, has secured financial backing from FunFair Ventures and Gate Ventures to fund its strategic operations and launch poundtoken, the first British-regulated stablecoin fully backed 1:1 by pound sterling (GBP). The pre-A round – blackfridge’s first with outside investors – raised a significant amount between the two new partners. A further round is planned for later this year.

Launching in early July, poundtoken (GBPT) is a regulated stablecoin designed to allow for international transactions 24/7, without delays or costly fees. It guarantees holders that they can redeem their currency for GBP at any moment, as every GBPT is backed by one pound sterling. As the first stablecoin to be regulated in the British Isles, GBPT will provide a trustworthy cryptocurrency pegged to the British pound.

Alongside its financial backing, FunFair Ventures brings its background and expertise in blockchain technologies, to help blackfridge grow at a rapid pace. The company will also offer commercial, marketing, event, and corporate support for blackfridge’s wider fintech work.

Lloyd Purser, Chief Operating Officer at FunFair Ventures, said: “Our future vision of the crypto space aligns closely with blackfridge’s goals, which illustrated its qualities as a long-term partner. We’re excited to bring our many years of blockchain and crypto expertise to their business and build on what blackfridge has already accomplished.”

Advertisement

Additionally, Gate Ventures – a specialist initiative focused on blockchain and crypto – will support blackfridge and list poundtoken on its exchange, Gate.io. The company will also aid with PR and other activities, to accelerate blackfridge’s services. The aim of the fund is to allow blackfridge to focus on its operations, and to scale further in the fintech space.

“Recent weeks have seen why a new approach is needed for stablecoins,” said Kevin Yang, Managing Partner at Gate Ventures. “Strong regulation is vital to the long-term sustainability of cryptocurrencies, and blackfridge’s preliminary work with poundtoken shows how it can be managed in the right way. With protections against volatility acting as a safety net, we’re confident that poundtoken will be the first of many successful activities by blackfridge.”

Michael Crosbie, Chief Business Officer of poundtoken, said: “Our partnerships with FunFair Ventures and Gate Ventures will help blackfridge focus on its growth in fintech, as we drive our exciting projects forward. Their extensive expertise will also aid with the launch of our exciting new cryptocurrency; with their assistance we will meet our aspirations with poundtoken, to make it a global, trusted and regulated stablecoin.”

Related Topics:
Continue Reading
Advertisement

Angela Bernhard Thomas

CAPCOM’S STREET FIGHTERTM 6 GOING TO COLLEGE THIS FALL

Published

13 hours ago

on

May 3, 2024

By

capcom’s-street-fightertm-6-going-to-college-this-fall

 

  • CSMG will create and operate College Street FighterTM Tour in North America for the 2024-25 academic year
  • College conference Street Fighter 6 champions will punch their ticket to the national Collegiate Esports Commissioner’s Cup (CECC) & May Madness in 2025
Collegiate Sports Management Group (CSMG) announced today during the kick-off of its Collegiate Esports Commissioner’s Cup (CECC) Texas presented by McDonald’s that it has joined forces with Capcom to launch the College Street FighterTM Tour during its 2024-25 academic year with the finalists competing at CECC Texas in 2025 throughout its May Madness event. Street FighterTM 6  will join Super Smash Bros. Ultimate, Overwatch 2®, Rocket League, and VALORANT as part of the official game titles for CECC.
“We are immensely excited to welcome Capcom into the CECC family and provide a path to glory for student athletes to showcase their skills in Street Fighter 6,” said Michael Schreck, Chief Executive Officer for CSMG. “In our fourth year of building May Madness, we continue to listen to our players, coaches and fans on how to make our event more inclusive, and the partnership with Street Fighter 6 is a resounding success.”
“The Street Fighter franchise is a multi-generational and global game series, so it’s important for us to continue to grow that fandom at the collegiate level,” said Michael Larson, Head of Esports at Capcom USA. “CECC continues to set the standard for competition and community, so it’s a natural format for expansion, and we’re eager for College Street Fighter Tour competitors across North America to show off their skills and join us in Texas next year.”
”The vision for the College Street Fighter Tour is a publisher backed esports series that integrates into the existing infrastructure of The Collegiate Esports Commissioners Cup, a bracket style event series that takes place every year and has been coined May Madness. The path to championship includes invitational bids to national and regional level conferences as well as official CECC qualifiers held regionally,” said Angela Bernhard Thomas, Chief Esports Officer for CSMG’s ESPORTSU.
Every college or university from a 2-year or 4-year institution can participate through their conference or through select qualifiers. Wim Stocks will serve as the Commissioner of the College Street Fighter Tour and bring his 20 years of experience in college esports to create a dynamic and engaging format of competitive gaming.
“Since the launch of Street Fighter 6 in June of ’23, it is clear the rich legacy of Street Fighter is stronger than ever and helping lift the fighting game community to still greater heights,” said Stocks. “Having a structure now for a national collegiate competitive series, league, and events, Capcom and ESPORTSU are building a phenomenal ecosystem and mechanism for developing up and coming Street Fighter 6 competitors.”
More details on the College Street Fighter Tour will be shared later this year.
CSMG welcomes 84 teams (up from 64 in 2023) this weekend from a record breaking 19 conference champions to the largest scholastic esports festival globally. They will compete at Esports Stadium Arlington on May 3-5 for the chance to hoist one of the coveted trophies. Fans can watch the CECC Texas on ESPORTSU’s Twitch channel at https://www.twitch.tv/esportsu.
CECC Texas 2023 was also recently awarded LAN Event of the Year during the inaugural Scholars Awards in Las Vegas, which are produced in partnership with the Esports Awards.
Continue Reading

Clark County

Clark County residents can bring a friend for free to next week’s Super Bingo $160,000 tournament at the Plaza Hotel & Casino, May 6-8

Published

13 hours ago

on

May 3, 2024

By

clark-county-residents-can-bring-a-friend-for-free-to-next-week’s-super-bingo-$160,000-tournament-at-the-plaza-hotel-&-casino,-may-6-8

 

Home to downtown Las Vegas’ only bingo room, the Plaza Hotel & Casino is offering Clark County, Nevada residents who register to play in next week’s Super Bingo tournament the opportunity to bring a friend for free.

Happening Monday, May 6 through Wednesday, May 8 in the Plaza’s expansive ballroom, Super Bingo is expected to draw nearly 1,000 people from the local Las Vegas valley and across the country and Canada for the opportunity to win big playing fun-filled games of bingo over two days, with a $50,000 super coverall both days while socializing with like-minded bingo players.

Bingo-only registration is $160 per person, and Clark County residents who register can bring a friend for free. Registration is available online at https://www.plazahotelcasino.com/bingo/super-bingo-registration/. Hotel-and-bingo packages start at $300 for a four-night stay with no resort fee.

All Super Bingo players receive one 6-on paper pack for both days, two daubers, free drinks via an open bar at all sessions, boxed lunch both days, and $10 in free slot play after the first day’s session.

Advertisement

The Plaza’s Bingo room offers six daily bingo sessions at 11 a.m., 1 p.m., 3 p.m., 5 p.m., 7 p.m. and 9 p.m. and is located on the 3rd floor. By parking on the third floor of the Plaza’s self-parking garage, guests have convenient and direct access to the Plaza’s bingo room and parking is validated for bingo players.

Continue Reading

Gambling in the USA

Kambi Group plc extends Mohegan partnership with on-property sports betting agreement in Pennsylvania

Published

2 days ago

on

May 2, 2024

By

kambi-group-plc-extends-mohegan-partnership-with-on-property-sports-betting-agreement-in-pennsylvania

Kambi Group plc (“Kambi”), the world’s trusted sports betting partner, has agreed a long-term on-property sportsbook partnership with Mohegan to provide its award-winning sportsbook at two retail locations in the state of Pennsylvania.

The partnership will see Mohegan utilise Kambi’s cutting-edge retail sportsbook offering across more than 20 kiosks in sportsbook locations at Mohegan Pennsylvania and Mohegan Pennsylvania at Lehigh Valley Race and Sportsbook.

The deal further strengthens Kambi’s relationship with Mohegan, which already utilises Kambi’s suite of sports betting products at ilani in Washington, as well as online and on-property in the Canadian province of Ontario at Fallsview Casino Resort and Casino Niagara.

Kristian Nylén, Kambi CEO and Co-founder, said: “With several successful partnerships with Mohegan already in place, we are pleased to agree this new partnership as we continue to build on our strong relationship.

“This latest deal further reinforces Kambi’s position as the sportsbook provider of choice for tribes across North America, and we look forward to our ongoing collaboration with Mohegan.”

Advertisement

Tony Carlucci, President & GM of Mohegan Pennsylvania, said: “Mohegan Pennsylvania is excited to continue utilising the same Kambi technology platform that existed under our Kindred partnership, which will help to create a seamless process as the Sportsbook at Mohegan Pennsylvania fully rebrands later this Spring.”

Continue Reading

Trending