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Nifty News: Dapper Labs pursuing DAO’s, Bundesliga partners with Sorare, and more.
Dapper Labs targeting DAO’s with Brud acquisition Dapper Labs, the $7.5 billion team responsible for NBA Top Shot and Flow Blockchain, acquired virtual influencer start-up Brud this week. In the Monday announcement, CEO Trevor McFedries announced a new initiative titled Dapper Collective, which will aim to support communities in building decentralized autonomous organizations, or DAOs, through the Flow blockchain. Brud is infamous for its creation of social media avatars, most notably Lil Miquela, a fictional 19-year-old Robot living in Los Angeles with three million Instagram followers. The avatar influencer has intrigued social viewers with her fashion and beauty sponsorships, dramatized lifestyle with family and friends, and release of a nonfungible token (NFT) image series. Brud ...
Bank of America identifies 20 high profile US companies with crypto exposure
Walt Disney, Fox Corporation, and JP Morgan are among a list of 20 publicly traded U.S. companies with some level of exposure to crypto and digital assets, based on data by Bank of America, or BofA. According to a BofA report published on Monday, companies like Morgan Stanley, Signature Bank, and Warner Music Group also have some exposure to digital assets. In all, the 20 firms identified by BofA have their stocks rated as either “Buy” or “Neutral” by America’s second-largest bank by assets under management. As part of the report, BofA categorized these companies as seeking significant market value growth by interacting with digital assets. According to a previous Cointelegraph report, BofA’s recently published document offered a bullish outlook for cryptocurrencies including nonfungible t...
Etoro adds Filecoin and Polkadot to address growing crypto demand
The new tokens have been launched in a bid to offer a broader variety of crypto assets for traders on the platform Israel-based social trading and multi-asset brokerage company eToro announced it is adding Filecoin (FIL) and Polkadot (DOT) to the growing list of crypto assets users can trade on the eToro trading platform. Filecoin and Polkadot The Filecoin network, an open-source public digital payment system that uses blockchain to enable cooperative digital storage and data retrieval. FIL is the unique native cryptocurrency to the network is designed to let users join, invest and rent unused storage space. Its ability to offer greater accessibility to data storing, faster and easier file storage and retrieval makes it the top emerging alternative to centralised information storing worldw...
Inside Track: Where Does Music’s Love Affair With Gaming Go?
Yes, you read that correctly. It’s not news that the music business wants in on that money. For years there have been collaborations across industries, including soundtracks for games like Grand Theft Auto IV way back in 2008 and ongoing partnerships spanning well over a decade to provide music for sports franchises like Madden and NBA 2K. But over the past two years, that relationship has rapidly expanded, reaching a fever pitch during the pandemic when gaming, in general, exploded around the world as people were confined to their homes and artists looked for new revenue streams (think Travis Scott partnering with Fortnite and Lil Nas X working with Roblox). Now many are wondering where this leads next. For rights holders, lawsuits are shifting to cooperation, most recently with the NMPA ...
Neil Dominique Is Ready to Go From All-Star Manager to Top Label Owner
Interscope’s svp of A&R and creative director, Randall “Sickamore” Medford, seconds Wyskoarko’s thoughts and lauds Dominique for his commitment to improving daily: “It’s been amazing to watch Neil’s rapid ascension from Chairman’s assistant to entrepreneur and #JUSTAREGULARLABEL CEO. There’s absolutely nothing regular about his passion and ears. He’s starting off hot with Ryan Trey and Nia Sultana, But it’s only the beginning of a long relationship.” Dominique is looking to add more talent after St. Louis polymath Ryan Trey dazzled with his EP, A 64 East Saga, and Brooklyn singer Nia Sultana captivated listeners with her dulcet vocals, but outside the hip-hop and R&B spheres. “Don’t ...
Bill exploring crypto’s role in cybercrime introduced in Congress
The bill mandates disclosure of financial information regarding ransom payments by victims In a bid to better understand how ransomware operations are executed, the United States Senator Elizabeth Warren and Representative Deborah Ross introduced the Ransom Disclosure Act in Congress yesterday. The bill, if passed, will mandate victims of ransomware attacks to report the incident to the Department of Homeland Security (DHS) and provide information regarding the financial transactions conducted as part of the ransom payment. Growing crypto adoption in the United States has also allowed cybercriminals to increasingly demand a ransom payment in cryptocurrencies, owing to the anonymity offered by transactions conducted via digital assets. The Ransom Disclosure Bill will seek to explore h...
Forbes list of richest Americans includes 7 crypto billionaires
The cryptocurrency space is worth over $2 trillion, and the number of billionaires in the industry is increasing Forbes has published its latest list of the 400 richest Americans, and six new people in the cryptocurrency space are now billionaires. The cryptocurrency market is worth over $2 trillion after recording massive growth in the past 18 months. According to Forbes’ latest publication, there are six new cryptocurrency billionaires in 2021. The crypto space now has a total of seven cryptocurrency billionaires in the United States. A popular name on the list is FTX’s Sam Bankman-Fried. Bankman-Fried is one of the leading names in the crypto space after spearheading FTX and Alameda Research. His FTX crypto exchange is currently valued at over $18 billion, up from the $2.5 b...
MetaMask adds support for custodians BitGo, Cactus and Qredo
Cryptocurrency service providers are working on ways to attract more institutional investors to the market MetaMask, one of the leading cryptocurrency wallets in the world, is pushing for more institutional adoption. The ConsenSys-owned wallet introduced institutional services in December last year and is now working hard to attract more institutional investors to its platform. The institutional arm of the MetaMask wallet revealed yesterday that it had added support for custodians BitGo, Qredo and Cactus Custody. This latest development is to help the firms meet compliance requirements and make it easier for institutional investors to gain access to decentralised finance (DeFi) tokens and other cryptocurrencies. In a blog post by ConsenSys yesterday, the team said its partnership with thes...
Mirror opens access to its blockchain blogging platform to all
Ethereum-based decentralized blogging platform Mirror has opened its doors to the wider public after months of running vote-based contributions only. Mirror was launched in December 2020 to enable selected writers to publish on the decentralized blogging platform. Contributors could gain access by getting voted for in weekly competitions using the platform’s native token WRITE, with just ten content creators selected per week. In an announcement on Oct. 6, Mirror stated that it has now done away with this system and has opened up to anyone with an Ethereum address and wallet. Unlike most large commercial blogging platforms that sell advertising to traffic generated by content, publishers on Mirror control their own content as it is stored on a decentralized blockchain instead of company se...
AMC Theatres debuts crypto payments for e-gift card purchases
American cinema giant AMC Theatres is steadily approaching its goal of accepting cryptocurrency payments by year-end, now debuting crypto purchases for electronic gift cards. AMC customers can now buy digital gift cards with cryptocurrencies like Bitcoin (BTC) directly through the AMC website, mobile app and theatres, CEO Adam Aron announced on Oct. 5. The new payment option was enabled through major crypto payment processor BitPay, allowing consumers to purchase e-cards of up to $200, Aron noted. The CEO paid special attention to Dogecoin (DOGE) among the digital assets accepted for AMC e-card purchases. Aron hinted in September that AMC will include DOGE in the list of cryptocurrencies accepted for tickets by the end of 2021. Aron had conducted a poll of 140,000 people on Twitter, a...
Indian crypto exchange CoinSwitch Kuber raises $260M
Major Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a Series C funding round. According to an official announcement on Oct. 6, the new funding has propelled CoinSwitch Kuber to the “very top” of Indian unicorns as the firm became “India’s most valued crypto company” at $1.91 billion. The funding round was led by Coinbase’s venture capital arm Coinbase Ventures and Andreessen Horowitz. Previous investors like Sequoia, Paradigm, Ribbit and Tiger Global have also participated in the round. Using the new funds, CoinSwitch Kuber plans to onboard 50 million Indians on the platform and introduce new services like lending and staking. The exchange also expects to launch an institutional-grade product as well as support more diverse investmen...
US Senator Warren introduces bill to study crypto’s role in ransomware
As cryptocurrency adoption continues apace in the United States, lawmakers want to better understand how it’s used — for both legal and illegal purposes. The Ransom Disclosure Act, introduced by Senator Elizabeth Warren and Congresswoman Deborah Ross, would require victims of ransomware attacks to disclose information about ransom payments to the Department of Homeland Security (DHS). The bill, introduced Oct. 5, aims to gather critical data on fiat and cryptocurrency payments and protect investors from cybercrimes. In an ongoing effort to curb illicit financial activities in the U.S., Sen. Warren’s legislation aims to develop “a fuller picture” of ransomware attacks: “My bill with Congresswoman Ross would set disclosure requirements when ransoms are paid and allow us to learn ...
