Nike is suing StockX over NFT images of its shoes

The re-rise in the value of cryptocurrencies entered the second week, the previous one BTC ended up above $ 42. The world's largest cryptocurrency started the week below $ 000, but surged on Friday to surpass the $ 38 mark again. After further gains over the weekend, BTC is now trading above $ 000, an overall increase of 40%. within seven days. BTC has now grown by around 000 percent. from the lowest level in 42, which was then $ 000 (on the eToro platform on January 13).

Ethereum also saw big gains during the week, starting below $ 2600. The cryptocurrency returned just above $ 3000, following a similar rise in prices ahead of the weekend, an increase of around 19%. week to week. ETH was at its lowest level since early 24 on January 2022. on the eToro platform - $ 2169. The cryptocurrency has now rebounded by about 41 percent. 

Court case for Nike NFT shoes begins

Nike is suing StockX over NFT images your shoes. The company launched legal action in federal court in New York on Thursday as it said StockX was infringing a trademark by selling Nike shoes to NFT.

Nike says StockX began selling NFT shoes in January without permission, informing buyers that they could purchase physical versions of their shoes at a later date. According to the lawsuit, StockX has sold approximately 500 NFT of Nike products. The footwear company's move is likely to be an attempt to bolster the value of NFT's proprietary offering, which it intends to introduce in the near future. Nike recently acquired the RTFKT digital art studio, accelerating its plans to enter the NFT market.

Manchester United ready to reveal blockchain sponsorship

English Premier League Manchester United club is on the verge of announcing a sponsorship deal with Tezos blockchain. Tezos has agreed to sponsor the club's training jerseys in a deal worth approximately $ 27 million a year, the Athletic report said. The company already has multiple sportswear sponsorship deals, including the New York Mets, Red Bull Racing, Honda and McClaren Racing. While neither side has confirmed this, the deal will reportedly include working with Manchester United to be improved by tezos Web 3.0 and meterverse club deals for fans.

Renewable bitcoin mining has accelerated - is to prevent a high carbon footprint

Galaxy Digital, owned by billionaire Michael Novogratz, is increasing bitcoin mining from renewable energy. Novogratz said the company has already surpassed its target of using renewable energy to fuel 80 percent. mining of cryptocurrencies - this goal was to be achieved by 2025. Despite bitcoin's high energy consumption, Novogratz calls disinformation describing the corruption of a cryptocurrency's reputation by calling it dirty. However, the company launched a sustainability program to address issues such as hiring practices and cryptocurrency energy consumption.