Crypto Sponsorships of Formula One Racing Dwindle With Downturn

Crypto Sponsorships of Formula One Racing Dwindle With Downturn

Given how the crypto industry feels about fast cars and men with big personalities, it’s perhaps no surprise that crypto is emerging as one of the biggest sponsors of Formula 1. Formula One racing is marketed as being all about competition that rewards instinct, speed, engineering innovation, and sheer adrenaline. Companies ranging from FTX to Crypto.com have spent millions of dollars on flashy deals.

Around 80% of F1 teams have at least one crypto partner. Crypto.com even has a $100 million deal with the Formula One Group itself. But in this current market environment, how long can crypto firms keep splashing the cash?

In this episode, Bloomberg senior editor Anna Irrera and Bloomberg crypto blogger Emily Nicolle discuss the future of crypto’s fast car sponsorships.

See omnystudio.com/listener for privacy information.

Episoder(224)

The Year in Crypto Regulations

The Year in Crypto Regulations

The Year of 2022 was supposed to be one of crypto regulation. Multiple CEOs, venture capitalists and trade groups for the industry globally had hired lawyers and lobbyists and prepared policy papers a...

22 Des 202218min

Life at the FTX Bahamas Compound

Life at the FTX Bahamas Compound

Sam Bankman-Fried might not have expected that his time in the Bahamas would include the inside of a jail cell. Bankman-Fried and his inner circle at FTX and Alameda Research relocated operations to t...

21 Des 202220min

Hedge Funds Question Crypto’s Future

Hedge Funds Question Crypto’s Future

In the aftermath of the FTX collapse - one of the most significant crypto exchanges in the industry, investors and hedge funds are seriously questioning the future of crypto.  FTX was once among the t...

20 Des 202217min

Jane Street's Culture

Jane Street's Culture

Sam Bankman-Fried has been arrested in the Bahamas and US authorities have unleashed some truly stunning charges against him, essentially accusing him of having his entire crypto empire as a personal ...

19 Des 202217min

This Week in Crypto: SBF Arrested

This Week in Crypto: SBF Arrested

Just a mere month ago, disgraced former FTX CEO Sam Bankman-Fried was the undisputed king of the digital asset industry. Now the 30-year-old is under arrest, facing criminal charges from the U.S. The ...

16 Des 202219min

What the Future Holds for Bitcoin ATMs

What the Future Holds for Bitcoin ATMs

Bitcoin ATMs could be considered symbolic of the state of crypto’s popularity. During the digital asset boom they kept on appearing in what could reasonably be considered unusual locations. Such as Am...

15 Des 202217min

Crypto's Very Bad, No Good Year

Crypto's Very Bad, No Good Year

It’s safe to say that 2022 wasn’t the best year for crypto. By late January, Bitcoin had already shed half its value from its all-time high set the previously November - nearly $69,000. And Bitcoin pr...

14 Des 202228min

How the 'Alameda Gap' Is Impacting Crypto Markets

How the 'Alameda Gap' Is Impacting Crypto Markets

For the last six months or so, the digital asset industry has been knee-deep in the trenches of a ‘crypto winter.’ Now, the demise of Sam Bankman-Fried’s FTX and Alameda Research have produced a drama...

13 Des 202213min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
aftenpodden-usa
popradet
stopp-verden
lydartikler-fra-aftenposten
i-retten
rss-gukild-johaug
fotballpodden-2
det-store-bildet
dine-penger-pengeradet
nokon-ma-ga
rss-ness
hanna-de-heldige
aftenbla-bla
bt-dokumentar-2
e24-podden
frokostshowet-pa-p5
rss-dannet-uten-piano