Professional esports organization Team SoloMid (TSM) (previously TSM FTX) has suspended its $210 million sponsorship deal with the now-bankrupt FTX crypto exchange “effective immediately” following the cryptocurrency trading platform’s shock collapse last week. The United-States-based esports organization made the announcement in a Nov. 16 tweet to its 2.2 million followers, adding that the decision was made after “monitoring the evolving situation and discussing internally.” We've suspended our partnership with FTX effective immediately. pic.twitter.com/u8vQSWnAbX — TSM (@TSM) November 16, 2022 The $210 million deal was put to paper in Jun. 2021, which resulted in the renaming of TSM to TSM FTX. …

An established and regulated broker is launching a Blockchain-based trading network which allows users to trade any financial asset around the world. TradeConnect plans to “democratize” the industry by enabling trades to be settled in seconds rather than days. It will initially offer forex (FX) and contracts for difference (CFD) – expanding to futures, bonds, options, commodities, equities and complex derivatives over time. Ending the dominance of big banks The team behind TradeConnect believe Blockchain has the potential to deliver the biggest shake-up to the markets since the advent of electronic trading in the 1980s. In part, this is because …