PSG Fan Token Jumps 25% as Football Club Triumphs Over Barcelona

April 16, 2024
The Last Cryptocurency
CoinDesk Feed
CoinDesk Feed

Football club Paris Saint-Germain’s fan token PSG spiked Tuesday as the French team secured a 4-1 victory over rival Barcelona in the UEFA Champions League quarterfinal.

The token jumped as much as 25% after a blistering rally that began with PSG’s first goal early in the first half. It kept climbing until around midway through the second half, reaching $5.20 before selling off somewhat going into the victory.

Meanwhile, the fan token for Barcelona, BAR, fell as much as 4.2% on Tuesday after the defeat.

Despite the rally, PSG’s token failed to hold firm above the $5 level it enjoyed as recently as April 12, according to CoinGecko.

PSG is one of a smattering of “fan tokens” issued for sports clubs by the crypto company Socios. Holders of the asset get to influence certain decisions at the club, according to its website.

Edited by Nick Baker.

What the CoinDesk team looked for are innovative ideas, convincing proposals or evidence of success, and talented, committed people. Moreover, the problems the projects were aiming to solve had to be real, and the remedies needed. They could not just be a crypto version of something that is adequately managed in traditional finance, for instance,…

Wealthsimple, Robinhood of the North, Jumps Into Canada’s Crypto Sandbox

Aug 12, 2020 at 18:53 UTCUpdated Aug 12, 2020 at 19:03 UTCWealthsimple caters to millennial investors with the same zeal as its southern peer. (Wealthsimple)Wealthsimple, a Canadian investing app courting the country’s day-trading millennials, is checking off regulatory boxes ahead of its cryptocurrency trading debut. The Toronto-based firm’s “Wealthsimple Crypto” bitcoin and ether service is…

Crypto Is Down, So Why Am I Smiling?

opinion W. Scott Stornetta is chief scientist at Yugen Venutres. a blockchain investment firm. He is the author of “How to Time-Stamp a Digital Document,” a seminal work in cryptography cited eight times in Satoshi Nakamoto’s bitcoin white paper. More information about Scott and Stuart is available at hs91.net. The following is an exclusive contribution to…

Tim Draper Firm Launches ‘Crypto Exchange’ Anyone Can Plug Into WordPress

Apr 22, 2020 at 13:46 UTCUpdated Apr 22, 2020 at 13:50 UTCTim Draper Firm Launches ‘Crypto Exchange’ Anyone Can Plug Into WordPressTim Draper's venture studio has released a WordPress plugin that it claims will democratize crypto trading. California-based Draper Goren Holm said its new "Cryptocurrency Exchange" plugin, released Wednesday, would allow anyone to add trading…

Metamask, Phantom Wallet Users Targeted in Crypto Phishing Scam: Report

Users of crypto wallets Metamask and Phantom, as well as the crypto swap platform Pancake have been targeted in a crypto phishing scam involving at least half a million dollars being stolen, according to a Check Point Research (CPR) report.CPR said that in the past few days there have been “multiple events” in which hundreds…

Securitize’s Japan Subsidiary Becomes First International Firm to Join Self-Regulatory Group

Jun 22, 2020 at 07:00 UTCSecuritize's Japan subsidiary has joined a self-regulatory organization focused on security token issuances. (Shutterstock)Securitize’s Japan Subsidiary Becomes First International Firm to Join Self-Regulatory GroupSecuritize Japan became the first global token issuance platform to join the Japan Security Token Offering Association (JSTOA), the company announced Thursday. The Japanese subsidiary of U.S.-based…

Pornhub Subsidiary to Reward Viewers With Crypto Tokens

Tube8 has partnered up with with the Vice Industry Token (VIT) to pay viewers for interacting with its services.

SEC Chair Clayton Affirms Agency’s Stance Ether Is No Longer a Security

news The U.S. Securities and Exchange Commission’s chairman has seconded a colleague’s analysis that the world’s second-largest cryptocurrency likely does not qualify as a security. Last year, SEC Director of Corporation Finance William Hinman said during a speech that ethereum, the No. 2 by market cap, did not exhibit the properties of a security. At…

Kristin Smith Sees ‘Bright’ Outlook for U.S. Crypto Policy

The Senator has embraced the term “anti-crypto” when describing her critical views of the space. However, her views rarely reflect that of the mainstream, even within the Democratic party. Advocates are already pushing back in preparation for the next election cycle. The Blockchain Association is building a pro-crypto army, and continues to educate willing policymakers.

Share this: