According to Flow, a digital engagement layer-1 blockchain created by Dapper Labs, Live Nation’s subsidiary Ticketmaster has unveiled nonfungible tokens (NFTs) tickets for event organizers minted on its blockchain. The primary purpose of the NFT tickets will be for commemorative value. But aside from being used as mementos, they can also be used as proof of attendance at notable concerts. However,…
A U.K. Judge on Tuesday ordered OneCoin associate Christopher Hamilton to be extradited to the United States to face charges of money laundering and wire fraud stemming from the OneCoin scam. Hamilton is accused of laundering $105 million of the $4 billion allegedly stolen from investors in the massive OneCoin scam headed by the so-called “CryptoQueen,” Ruja Ignatova, who has…
There are more than 1,400 DApps in operation and their number is growing rapidly, according to a United States Federal Reserve Board discussion paper dated in June but released Aug. 30. Ethereum is their biggest host with 470, or 31%, of them. Those decentralized finance (DeFi) products represent a very small share of the global financial system, but may still…
Authorities with South Korea’s customs service have reportedly arrested 16 people involved in illegal foreign exchange transactions connected to crypto assets worth roughly $2 billion. According to a Tuesday report from South Korean news agency Newsis, the country’s customs authorities plan to prosecute 2 unnamed individuals linked to the illicit transactions, impose fines on 7 people related to negligence, and…
Venture capital firm Andreessen Horowitz (A16z) announced Wednesday that it had devised a set of six licenses tailored to nonfungible tokens (NFTs) and based on the model pioneered by Creative Commons. Like Creative Commons licenses, there is a range of rights available through a variety of the proposed NFT licensed, titled Can’t Be Evil licenses. In a blog post, A16z…
Hardware walletcompany Trezor is moving to enable direct crypto purchases with a new partnership with the crypto fintech startup MoonPay. Trezor, Czech Republic-based hardware wallet provider, has partnered with MoonPay to allow its customers to buy crypto directly in their hardware wallet, according to an announcement on Wednesday. Backed by major industry investors including Tiger Global and Coatue, MoonPay is…
In brief Unstoppable Domains is a San Francisco-based startup that provides NFT-based domain names for crypto wallets and websites. It has integrated with Skiff Mail to enable users to send and receive end-to-end encrypted messages. Privacy is a hot topic after the U.S. government banned crypto privacy tool Tornado Cash earlier this month. But the unprecedented crackdown on a Web3…
Crypto.com has pulled out of a massive sponsorship deal with the European Champions League (EUFA) earlier this summer, SportsBusiness reported today. The deal was reportedly going to run for five seasons and would have cost the crypto exchange roughly 100 million euros per season, or $99 million a year, making the now-lost overall deal worth a hefty $495 million. Prior…
The Eurozone’s inflation rate reached a record high in August of 9.1%, the highest ever recorded in history, according to Europe’s statistics office Eurostat. The rate was higher than economists suspected and most of the rise was fueled by Europe’s rising energy prices. Europe’s Torrid Inflation Continues to Rise, While the Region Faces an Energy Crisis Currently, Europe is suffering…
Mt. Gox trustee Nobuaki Kobayashi released updated information on Aug. 31 regarding the rehabilitation plan for creditors of the long defunct crypto exchange. According to the file, the restriction reference period starts on September 15, in which “the assignment, transfer or succession, provision as collateral, or disposition by other means of rehabilitation claims are prohibited.” Kobayashi confirmed that creditors have…
