F1 News

The group of FTX users is taking aim at the Mercedes Formula One team and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms.

Australian F1 driver Daniel Ricciardo said it took him a while to get comfortable with the idea of crypto, and that was before the collapse of FTX.

Binance announced a helmet design competition to shortlist the winning art, which will be used as the helmet artwork of Gasly, who won the 2020 Italian Grand Prix.

The Red Bull team signed a $150 million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market crash and major bankruptcies in the space.

The rapid development of AI is undoubtedly causing headaches for legislators and court systems globally as they struggle to deal with the technology.

The Kraken logo on the car includes the entirety of the abstract and introduction of “Bitcoin: A Peer-to-Peer Electronic Cash System,” and has its next race in Australia.

Kraken has inked a partnership deal with Williams Racing marking the first major return to F1 for crypto this year.

Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover.

Red Bull Racing will close out a successful Formula 1 season with an NFT emblazoned on both drivers’ vehicles at the Abu Dhabi Grand Prix.

Formula 1 driver Daniel Ricciardo cruises into crypto as OKX performs a first-ever livery takeover of McLaren’s racing cars ahead of the Singapore and Japan Grand Prix.

F1 files trademark for 2023 Las Vegas Strip Circuit Grand Prix, listing NFTs and cryptocurrency in a variety of potential goods and services on offer.

Spectators could not see Crypto.com’s logos during Formula One's French Grand Prix, while staff from Alfa Romeo, AlphaTauri and Alpine reportedly removed crypto-related branding.

From NFTs and fan tokens to multi-year partnerships, the crypto community continues to support the F1 landscape in numerous ways.

Are crypto companies sponsoring F1 for the glitz and glamor, or will NFTs demonstrate important use cases behind these partnerships?

Crypto.com's logo to appear on Aston Martin F1 cars in the 2020–2021 season.