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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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Ferrari Terminates Crypto Sponsorship Before 2023 Formula One Season

Ferrari lost $55 million by ending its multi-year partnerships with Velas and Snapdragon before the 2023 season. The 2021 Ferrari-Velas alliance included NFTs and other attempts to engage fans. After canceling its cooperation with FTX, Mercedes lost $15 million.

by Terrill Dicki
Jan 08, 2023

cryptocurrency

Formula1 Announces Pairing with Crypto.com as its Global Partner

Hong Kong-based cryptocurrency exchange Crypto.com is now pairing with racing car brand Formula 1 as a global partner.

by Godfrey Benjamin
Jun 30, 2021

CRYPTOCURRENCY

Ferrari Terminates Crypto Sponsorship Before 2023 Formula One Season

Formula1 Announces Pairing with Crypto.com as its Global Partner

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