On June 13, German footwear conglomerate Puma launched its 3D metaverse experience Black Station. As told by developers, Black Station is an “experiential home” for product drops built to provide “unbridled access” for Puma Pass nonfungible token (NFT) holders. The firm says that the experience is for everyone to explore, but only those possessing RB tokens airdropped to Puma Pass…
Decrypt’s Kate Irwin discusses the current regulatory climate in the U.S. with Gala Games’ President of Blockchain Jason Brink. Source: https://decrypt.co/videos/interviews/YaGgY87J/are-nfts-the-next-sec-target
Faced with an onslaught of regulatory enforcement actions, MicroStrategy’s Michael Saylor believes the United States crypto industry is poised for a “Bitcoin-focused” future. In an interview with Bloomberg on Tuesday, the executive chairman of the business intelligence software firm claimed that recent declarations from the U.S. Securities and Exchange Commission (SEC) are “laying the foundation” for the next Bitcoin bull…
Attorneys for former FTX CEO Sam Bankman-Fried (also known as “SBF”) are seeking to sever or dismiss six charges from his upcoming trial, claiming that it may take years for courts in The Bahamas to rule on whether they will allow him to be tried for these offenses, according to a June 12 document filed in a New York federal court.…
Global apparel giant Adidas has teamed up with prominent digital artist Fewocious on a physical sneaker collaboration, with the kicks to be sold via an NFT redemption pass. Exploring the “art of play,” Fewocious’ collaboration with Adidas will span 4,500 editions of an NFT mint pass called “Trefoil Flower,” which will be available for purchase exclusively via the OpenSea marketplace…
Members of the United States House Financial Services Committees met to discuss clarity for the digital asset ecosystem, with some invoking recent legal action from the Securities and Exchange Commission (SEC) against crypto firms. In a June 13 hearing of the committee, ranking member Maxine Waters said Democrats were taking a “serious and thoughtful look” at a proposed framework introduced…
Rapper and entertainer Calvin “Snoop Dogg” Broadus Jr. is taking yet another step into Web3 with today’s launch of the Snoop Dogg Passport, an NFT pass that unlocks access to exclusive content and opportunities tied to his upcoming concert tour. Each Snoop Dogg Passport NFT is minted on Ethereum scaling network Arbitrum and sells for 0.025 ETH, which is about…
The North Korean group allegedly behind a hack which earlier this month targeted Atomic Wallet have now pocketed over $100 million in stolen crypto, blockchain analytics firm Elliptic said today. Cybercriminals hacked self-custodial, decentralized Atomic Wallet on June 3, taking at the time $35 million-worth of digital tokens. Elliptic attributed the attack to cybercrime syndicate Lazarus Group, which is believed…
Bitcoin (BTC) has been trading in a narrow 3.4% range for the past three days after successfully defending the $25,500 support on June 10. In this time, investors’ attention has shifted to the macroeconomic area as the U.S. Federal Reserve will announce its interest rate decision on June 14. Cryptocurrencies might work independently from the traditional finance markets, but the…
In an effort to position itself as a crypto hub, Hong Kong kicked off its Virtual Asset Trading Platform (VATP) handbook at the start of the month. The Securities and Futures Commission (SFC) has provided the guidelines for cryptocurrency companies that wish to operate in the country, and will oversee all licensing. Now an explanation of the guidelines by Gilbert…
