NFTs
Cristiano Ronaldo faces legal setback over ‘CR7’ NFT promotion
![Cristiano Ronaldo faces legal setback over 'CR7' NFT promotion](https://tokentalk.top/wp-content/uploads/2024/05/Cristiano-Ronaldo-faces-legal-setback-over-CR7-NFT-promotion.jpg)
Renowned football star Cristiano Ronaldo is facing a legal setback as a US judge recently refused to dismiss a class action lawsuit against him.
The case centers on Ronaldo’s endorsement of Binancethe popular cryptocurrency exchange and its CR7 NFTclaiming that its promotional efforts led investors to make unsafe and costly financial decisions.
The class action, filed in Florida, seeks damages in excess of $1 billion, as the plaintiffs argue that Ronaldo’s promotional activities influenced them to invest in Binance and related NFTs, resulting in substantial financial losses.
Source: Binance
The origin of the process
The process revolves around a partnership announced in November 2022 between Binance and Ronaldo, where Binance launched a collection of NFTs with Ronaldo’s “CR7” branding and his iconic jersey number. The CR7 brand is widely recognized in football circles and Ronaldo has used it for several product endorsements.
Ronaldo promoted Binance NFTs on Instagram several times earlier this year and the lawsuit claims these endorsements encouraged fans to invest in the NFTs and other Binance-related products, leading to expensive and high-risk ventures.
While Ronaldo’s legal team sought to have the lawsuit dismissed, Judge Roy Altman issued a ruling on May 4 rejecting Ronaldo’s motion to dismiss and granted the plaintiffs’ request to stay the lawsuit pending a decision on arbitration.
The judge’s order stated, “We deny without prejudice Defendant’s motion 29 to dismiss,” indicating that Ronaldo may resubmit the motion later.
NFTs
South Korean Regulator Excludes Certain NFTs from Crypto Regulations – Regulation Bitcoin News
![South Korean Regulator Excludes Certain NFTs from Crypto Regulations – Regulation Bitcoin News](https://tokentalk.top/wp-content/uploads/2024/07/South-Korean-Regulator-Excludes-Certain-NFTs-from-Crypto-Regulations-–.jpg)
https://news.google.com/./articles/CBMiXmh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9zb3V0aC1rb3JlYW4tcmVndWxhdG9yLWV4Y2x1ZGVzLWNlcnRhaW4tbmZ0cy1mcm9tLWNyeXB0by1yZWd1bGF 0a W9ucy_SAQA?hl=en-US&gl=US&ceid=US%3Aen
Fuente
NFTs
Non-Fungible Items; Picking Up Where NFTs Left Off — COZ Co-Founder Tyler Adams – Op-Ed Bitcoin News
![Non-Fungible Items; Picking up where NFTs left off - Tyler Adams, Co-Founder of COZ - Op-Ed Bitcoin News](https://tokentalk.top/wp-content/uploads/2024/04/Non-Fungible-Items-Picking-up-where-NFTs-left-off-Tyler.jpg)
https://news.google.com/./articles/CBMiZmh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9ub24tZnVuZ2libGUtaXRlbXMtcGlja2luZy11cC13aGVyZS1uZnRzLWxlZnQtb2ZmLWNvei1jby1mb3VuZGVy LXR5b GVyLWFkYW1zL9IBAA?hl=en-US&gl=US&ceid=US%3Aen
Fuente
NFTs
https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen
![https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen](https://tokentalk.top/wp-content/uploads/2024/04/httpsnewsgooglecomarticlesCBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4-Ni5hbXAhlen-USglUSceidUS3Aen.jpg)
https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen
Fuente
-
Videos3 months ago
Money is broke!! The truth about our financial system!
-
News2 months ago
More Crypto AI Alliances Emerge Following $7.5 Billion Token Merger — TradingView News
-
Altcoins2 months ago
Render vs. Theta; Which DePIN Altcoin to buy in May
-
Videos2 months ago
Fantom: Potential FTM Price and BIG Updates – The Latest!!
-
News2 months ago
Over 1 million new tokens launched since April
-
Videos2 months ago
Recession soon?? What this means for you and your wallet!!
-
NFTs3 months ago
Surprisingly, Bored Apes is now laying off employees as the NFT market disintegrates
-
NFTs2 months ago
Solana NFTs jump 30% in 24 hours: what’s behind the increase?
-
Memecoins2 months ago
Solana Dev hospitalized with third-degree burns while trying to pump Meme Coin
-
Videos3 months ago
Cryptocurrency Market Update: Where Are We NOW?! What’s next?
-
Memecoins2 months ago
When memecoins reign supreme in the ecosystem!
-
Videos2 months ago
Crypto News: ETH ETFs, Pro-Crypto Politics, UNI, DOGE & MORE!