AC Milan Sign Partnership Deal With OneFootball For NFT Collection
AC Milan have officially announced on their website a new deal with One Football as a premium partner to create exclusive digital video highlight and still collectibles for the over 500 million Rossoneri fans across the globe. The new multi-year deal, which sees OneFootball become the new Official NFT Video Highlight Moment Partner. OneFootball has created a simple and accessible way for real fans to buy moments - giving them the chance to own a real-life moment of incredible football, in perpetuity.
AC Milan have officially announced on their website a new deal with One Football as a premium partner to create exclusive digital video highlight and still collectibles for the over 500 million Rossoneri fans across the globe. The new multi-year deal, which sees OneFootball become the new Official NFT Video Highlight Moment Partner. OneFootball has created a simple and accessible way for real fans to buy moments - giving them the chance to own a real-life moment of incredible football, in perpetuity.
GameStop’s NFT Marketplace Opening Week Sales Eclipse Coinbase Volume
Video-game retailer GameStop’s non-fungible token (NFT) marketplace is proving to be an early hit among JPEG collectors, doing over 5,000 ETH (around $7.2 million) in trading volume since its launch on July 11, more than doubling competitor Coinbase’s all-time NFT volume, according to data compiled by CoinDesk. Of that early success, sales volume of 1,200 ETH (around $1.7 million) has been from the project MetaBoy, the marketplace’s top collection since the launch.
Video-game retailer GameStop’s non-fungible token (NFT) marketplace is proving to be an early hit among JPEG collectors, doing over 5,000 ETH (around $7.2 million) in trading volume since its launch on July 11, more than doubling competitor Coinbase’s all-time NFT volume, according to data compiled by CoinDesk. Of that early success, sales volume of 1,200 ETH (around $1.7 million) has been from the project MetaBoy, the marketplace’s top collection since the launch.
Zharta Raises $4.3 M to Speed Growth in Instant NFT Lending
Zharta, creator of a lending protocol for instant NFT collateralized loans, has closed a seed round of 4 million dollars in new capital to fuel the company’s next phase of growth. The company had initially raised an acceleration round of $300,000 from angel investors. Prominent investors include Lead Investor Greenfield One, followed by the institutional VCs Shilling Capital and Possible Ventures, core Web3 industry players SpaceShipDao and UniwhalesDao, as well as Clever, Olisipo Way, and other strategic Business Angels.
Zharta, creator of a lending protocol for instant NFT collateralized loans, has closed a seed round of 4 million dollars in new capital to fuel the company’s next phase of growth. The company had initially raised an acceleration round of $300,000 from angel investors. Prominent investors include Lead Investor Greenfield One, followed by the institutional VCs Shilling Capital and Possible Ventures, core Web3 industry players SpaceShipDao and UniwhalesDao, as well as Clever, Olisipo Way, and other strategic Business Angels.
Premint to Return $500K in Ethereum to NFT Hack Victims
NFT registration platform Premint, which over the weekend suffered a hack that saw over 300 NFTs stolen from users’ wallets, announced today that it intends to repay the hack’s victims.In a live-streamed incident update this afternoon, Premint CEO Brenden Mulligan announced that the company. Over the course of this week, every associated crypto wallet on that list will receive a payment in Ethereum (ETH) equivalent to the collection floor price of every stolen NFT as of 10:00 a.m.
NFT registration platform Premint, which over the weekend suffered a hack that saw over 300 NFTs stolen from users’ wallets, announced today that it intends to repay the hack’s victims.In a live-streamed incident update this afternoon, Premint CEO Brenden Mulligan announced that the company. Over the course of this week, every associated crypto wallet on that list will receive a payment in Ethereum (ETH) equivalent to the collection floor price of every stolen NFT as of 10:00 a.m.
Zee introduces first-ever Metaverse induction program for campus graduates from top tech
Zee Entertainment Enterprises Ltd. (ZEEL) conducted its first-ever induction in a Metaverse environment. The company welcomed 100+ campus graduates from top tech institutes across the Nation at its Technology and Innovation Centre in Bengaluru. The initiative was led by Amit Goenka, President – Digital Businesses and Platforms, ZEE and Nitin Mittal, President – Technology & Data, ZEE, addressing the fresh batch of recruits.
Zee Entertainment Enterprises Ltd. (ZEEL) conducted its first-ever induction in a Metaverse environment. The company welcomed 100+ campus graduates from top tech institutes across the Nation at its Technology and Innovation Centre in Bengaluru. The initiative was led by Amit Goenka, President – Digital Businesses and Platforms, ZEE and Nitin Mittal, President – Technology & Data, ZEE, addressing the fresh batch of recruits.
LinkedIn Founder Reid Hoffman Turns DALL-E AI Art Into Solana NFTs
Billionaire tech entrepreneur Reid Hoffman, best known for co-founding business networking platform LinkedIn, is releasing a series of Solana-based NFTs based on images he creates using OpenAI's DALL-E 2 artificial intelligence software. Hoffman announced the initiative today on Twitter, noting that he would auction the first piece starting today on Magic Eden, the largest Solana NFT marketplace.The project, called Untranslatable Words, will span 11 pieces of tokenized images originally created via DALL-E 2, which generates art based on written prompts.
Billionaire tech entrepreneur Reid Hoffman, best known for co-founding business networking platform LinkedIn, is releasing a series of Solana-based NFTs based on images he creates using OpenAI's DALL-E 2 artificial intelligence software. Hoffman announced the initiative today on Twitter, noting that he would auction the first piece starting today on Magic Eden, the largest Solana NFT marketplace.The project, called Untranslatable Words, will span 11 pieces of tokenized images originally created via DALL-E 2, which generates art based on written prompts.
Dubai Racing Club launches NFT artwork collection
DUBAI: Dubai Racing Club (DRC) has announced that it will launch a one-of-a-kind NFT artwork collection in the horse racing industry that offers online and real-life benefits for owners, Emirates News Agency reported.Sheikh Rashid continued: “The Non-Fungible Tokens (NFTs) that we are issuing can be utilized both in the real world and online. The Dubai Sprinters collection will include exciting deals and benefits related to the real world in addition to a metaverse project that the Dubai World Cup organizers plan to debut soon.
DUBAI: Dubai Racing Club (DRC) has announced that it will launch a one-of-a-kind NFT artwork collection in the horse racing industry that offers online and real-life benefits for owners, Emirates News Agency reported.Sheikh Rashid continued: “The Non-Fungible Tokens (NFTs) that we are issuing can be utilized both in the real world and online. The Dubai Sprinters collection will include exciting deals and benefits related to the real world in addition to a metaverse project that the Dubai World Cup organizers plan to debut soon.
Global Web 3 platforms launch Open Metaverse Alliance
Blockchain-based Metaverse and Web 3 platforms have come together to launch the Open Metaverse Alliance for Web 3 (OMA3) to solve the industry’s interoperability issues. The OMA3 alliance aims to ease access across all Web 3 platforms.Users can own the assets of the Web 3 world and transfer them to any virtual world of OMA3 freely. On its website, OMA3 said the members believed in a metaverse without restraining walls, where individual platforms are interconnected and fully interoperable.
Blockchain-based Metaverse and Web 3 platforms have come together to launch the Open Metaverse Alliance for Web 3 (OMA3) to solve the industry’s interoperability issues. The OMA3 alliance aims to ease access across all Web 3 platforms.Users can own the assets of the Web 3 world and transfer them to any virtual world of OMA3 freely. On its website, OMA3 said the members believed in a metaverse without restraining walls, where individual platforms are interconnected and fully interoperable.
BitMart Elite NFT-Based Membership Program Launches
BitMart is thrilled to announce an innovation to the NFT and Web3 space: an industry-first tokenized month-long membership program. BitMart will be airdropping users an NFT that, when held in a BitMart wallet, will provide users with access to unique benefits across many BitMart products. Unlike many NFTs, which are simply digital art, this NFT represents proof of membership, offering an elite status to BitMart users that comes with exclusive member benefits.
BitMart is thrilled to announce an innovation to the NFT and Web3 space: an industry-first tokenized month-long membership program. BitMart will be airdropping users an NFT that, when held in a BitMart wallet, will provide users with access to unique benefits across many BitMart products. Unlike many NFTs, which are simply digital art, this NFT represents proof of membership, offering an elite status to BitMart users that comes with exclusive member benefits.
Samsung’s new mining chips will be 45% more efficient
Tech giant Samsung said it is currently working on new 3-nanometer(nm) mining chips that will be 45% more energy efficient. The new chips are estimated to have 23% higher performance and are expected to significantly reduce carbon emissions in the mining industry. The company started working on the chips in late 2021, with help from its various subsidiaries, including Ansys, Cadence, Siemens, and Synopsys. Samsung also said that 2nm chips will be released by 2025 while announcing the 3nm one. Later, it integrated the blockchain infrastructures into its smartphones. Its Galaxy model smartphones with Ethereum integration and TRON blockchain integrations have been widely publicized during 2019.
Tech giant Samsung said it is currently working on new 3-nanometer(nm) mining chips that will be 45% more energy efficient. The new chips are estimated to have 23% higher performance and are expected to significantly reduce carbon emissions in the mining industry. The company started working on the chips in late 2021, with help from its various subsidiaries, including Ansys, Cadence, Siemens, and Synopsys. Samsung also said that 2nm chips will be released by 2025 while announcing the 3nm one. Later, it integrated the blockchain infrastructures into its smartphones. Its Galaxy model smartphones with Ethereum integration and TRON blockchain integrations have been widely publicized during 2019.
Gemini receives virtual asset service provider license in Ireland
New York-based crypto trading platform Gemini claims to be the first one to get registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland (CBI). Earlier, in February 2022, a company received an Electronic Money Institution (EMI) authorization from the CBI. Individuals and institutions in Ireland now can access Gemini’s exchange and custody services to buy, sell, and store over 100 cryptocurrencies along with the euro and British pound.
New York-based crypto trading platform Gemini claims to be the first one to get registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland (CBI). Earlier, in February 2022, a company received an Electronic Money Institution (EMI) authorization from the CBI. Individuals and institutions in Ireland now can access Gemini’s exchange and custody services to buy, sell, and store over 100 cryptocurrencies along with the euro and British pound.
US senator blasts SEC for non-judicial actions against crypto companies
Emmer posted a video on July 19 showing his conversation at the House Committee on Financial Services where he accused the SEC of politicizing regulations. He went on to grill SEC Enforcement Director Gurbir Grewal over SEC’s unethical “industry sweeps” against crypto companies. The Senator went on to enquire whether these sweeps against crypto companies fall under the jurisdiction of the SEC and what actions the commission takes against companies that don’t volunteer for such voluntary questioning.
Emmer posted a video on July 19 showing his conversation at the House Committee on Financial Services where he accused the SEC of politicizing regulations. He went on to grill SEC Enforcement Director Gurbir Grewal over SEC’s unethical “industry sweeps” against crypto companies. The Senator went on to enquire whether these sweeps against crypto companies fall under the jurisdiction of the SEC and what actions the commission takes against companies that don’t volunteer for such voluntary questioning.
Tesla Sold Its Bitcoin Because of COVID Lockdowns in China
During Today's Tesla earnings call, Tesla CEO Elon explained the reason for the company’s sale of 75% of its Bitcoin holdings, worth approximately $936 million, as noted in its Q2 earnings report. Although China had eased COVID restrictions in major cities at the end of May.As a result, China’s “zero COVID policy” is again being put to the test, prompting new warnings of larger economic headwinds.
During Today's Tesla earnings call, Tesla CEO Elon explained the reason for the company’s sale of 75% of its Bitcoin holdings, worth approximately $936 million, as noted in its Q2 earnings report. Although China had eased COVID restrictions in major cities at the end of May.As a result, China’s “zero COVID policy” is again being put to the test, prompting new warnings of larger economic headwinds.
The UK to Introduce Bill For Stablecoins Payments
The United Kingdom regulator will propose using stablecoin– cryptocurrencies whose prices are pegged to another asset– for payment in the Parliament on Wednesday. UK Finance Minister, Nadhim Zahawi, will present the Financial Services and Market Bill in Parliament on July 20 to transfer the UK financial services sector. UK finance members believe crypto assets and stablecoins can change the financial environment and establish the nation as a global leader in digital finance, post-Brexit. The Financial services and Market bill will set standards for using stablecoins as payments due to the rise of crypto in retail and other businesses.
The United Kingdom regulator will propose using stablecoin– cryptocurrencies whose prices are pegged to another asset– for payment in the Parliament on Wednesday. UK Finance Minister, Nadhim Zahawi, will present the Financial Services and Market Bill in Parliament on July 20 to transfer the UK financial services sector. UK finance members believe crypto assets and stablecoins can change the financial environment and establish the nation as a global leader in digital finance, post-Brexit. The Financial services and Market bill will set standards for using stablecoins as payments due to the rise of crypto in retail and other businesses.
Japan’s crypto self-regulatory system reportedly falling apart
In 2018, Japan established the Japan Virtual Currency Exchange Association (JVCEA) and tasked the body with self-regulating the crypto industry. The government hoped that the industry body would be able to come up with dynamic policies for the industry and gave the body the power to penalize exchanges. The regulator also highlighted a lack of communication between JVCEA directors, its secretariat and member operators, resulting in poor management of the industry body, the FT report said.
In 2018, Japan established the Japan Virtual Currency Exchange Association (JVCEA) and tasked the body with self-regulating the crypto industry. The government hoped that the industry body would be able to come up with dynamic policies for the industry and gave the body the power to penalize exchanges. The regulator also highlighted a lack of communication between JVCEA directors, its secretariat and member operators, resulting in poor management of the industry body, the FT report said.
Vitalik Buterin considers Ethereum development only ‘55% complete’ after The Merge
Ethereum founder Vitalik Buterin sees Ethereum’s history moving off-chain to reduce the protocol’s complexity. Speaking on the main stage of EthCC on July 21 about the long-term future of Ethereum, Vitalik stated that Ethereum is going through a transitional state and its development is only “40% complete.” The merge is coming around September when Ethereum finally moves to proof of stake, the surge relates to the implementation of sharding, the verge brings in verkle trees, the purge will reduce the hard drive space needed for validators, and the splurge will do “all the other fun stuff.”
Ethereum founder Vitalik Buterin sees Ethereum’s history moving off-chain to reduce the protocol’s complexity. Speaking on the main stage of EthCC on July 21 about the long-term future of Ethereum, Vitalik stated that Ethereum is going through a transitional state and its development is only “40% complete.” The merge is coming around September when Ethereum finally moves to proof of stake, the surge relates to the implementation of sharding, the verge brings in verkle trees, the purge will reduce the hard drive space needed for validators, and the splurge will do “all the other fun stuff.”
South Korea Proposes to Defer Planned Crypto Tax Until 2025
The tax plans for the digital asset sector were originally to kick in from January 2022. But in December 2021, the previous government deferred it for a year after massive backlash from investors. The digital asset taxation issue also figured in the Presidential poll campaigns early this year, in which the incumbent President emerged as a pro-crypto leader. The South Korean government is working on the “Digital Asset Basic Act,” a regulatory framework for the digital ecosystem in the country, and it’s likely to be introduced in 2024. The tax reforms introduced today are part of the new government’s economic policy roadmap.
The tax plans for the digital asset sector were originally to kick in from January 2022. But in December 2021, the previous government deferred it for a year after massive backlash from investors. The digital asset taxation issue also figured in the Presidential poll campaigns early this year, in which the incumbent President emerged as a pro-crypto leader. The South Korean government is working on the “Digital Asset Basic Act,” a regulatory framework for the digital ecosystem in the country, and it’s likely to be introduced in 2024. The tax reforms introduced today are part of the new government’s economic policy roadmap.
Ethereum Outflows Hit Record High On Exchanges, Claims Glassnode Data
Now, an analytics firm, Glassnode claims that exchanges are witnessing a record high outflows of Ethereum alongside the price surge. As per the analytic platform, when looking at Ethereum’s weekly moving average, the exchanges have seen an outflow of 65,319.938 Ethereum, marking it as an all-time high. Currently at the time of publication, Ethereum has seen a leg up by 8.25% as the currency is selling at $1,626 in the last 24hrs. Also when the last seven days performance is considered, the lead altcoin has surged by 32%.
Now, an analytics firm, Glassnode claims that exchanges are witnessing a record high outflows of Ethereum alongside the price surge. As per the analytic platform, when looking at Ethereum’s weekly moving average, the exchanges have seen an outflow of 65,319.938 Ethereum, marking it as an all-time high. Currently at the time of publication, Ethereum has seen a leg up by 8.25% as the currency is selling at $1,626 in the last 24hrs. Also when the last seven days performance is considered, the lead altcoin has surged by 32%.
Finnish Customs Sold Seized Almost 2,000 Bitcoins
According to the official announcement, the customs seized the funds during drug busts and had been legally forfeited to the state following court rulings. The bulk of the digital assets in various criminal investigations was confiscated in raids before 2018. Last year’s bull run catapulted the stash’s worth to $130 million. However, failing to time the market right cost the authorities a significant fortune.Finland revealed plans to donate seized Bitcoin to Ukraine in April this year.
According to the official announcement, the customs seized the funds during drug busts and had been legally forfeited to the state following court rulings. The bulk of the digital assets in various criminal investigations was confiscated in raids before 2018. Last year’s bull run catapulted the stash’s worth to $130 million. However, failing to time the market right cost the authorities a significant fortune.Finland revealed plans to donate seized Bitcoin to Ukraine in April this year.
Holding Stablecoins Was More Profitable Than Fiat in 2022: Report
CryptoQuant – a blockchain analytics firm – has released a report evaluating data around stablecoins and their peg-robustness. It found that holding almost any of the current top stablecoins throughout 2022 was slightly more profitable than holding actual U.S. dollars. According to the report, the historical mean daily closing price for nearly all top stablecoins is slightly above $1.00, based on volume-weighted price closing data spanning back to 2017.
CryptoQuant – a blockchain analytics firm – has released a report evaluating data around stablecoins and their peg-robustness. It found that holding almost any of the current top stablecoins throughout 2022 was slightly more profitable than holding actual U.S. dollars. According to the report, the historical mean daily closing price for nearly all top stablecoins is slightly above $1.00, based on volume-weighted price closing data spanning back to 2017.