Tag: Digital

How MiCA can make Europe a digital asset hub

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The European Union signed the Markets in Crypto-Assets (MiCA) regulations into law on May 31, making way for the landmark regulatory guidance on crypto assets and service providers to come into effect. First drafted in 2020, the EU’s regulatory package will govern the issuance and scope of services related to the cryptocurrency market. The European Parliament passed the MiCA regulations on April 20, and the bill was subsequently sent to the European Council for approval. On May 31, European Parliament President Roberta Metsola, and Swedish Rural Affairs Minister Peter Kullgren,…

Snoop Dogg NFT passport lets fans tour with the rapper in digital form

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Rap icon and entrepreneur Calvin Cordozar Broadus Jr., more commonly known as Snoop Dogg, dives into Web3 once again with a nonfungible token (NFT) project that will allow his fans to follow his life on tour. In an announcement, the rapper unveiled the Snoop Dogg Passport Series, an NFT collection that provides access to various content, such as behind-the-scenes videos and photos uploaded by Snoop Dogg while on tour. Holders of the NFT passport will also be eligible for future releases like artwork and merchandise. According to the rapper, he’s…

Adidas Teams Up with Popular Digital Artist FEWOCiOUS for NFTs Linked to Sneakers

The Adidas Originals x FEWOCiOUS collection will include an NFT along with an artist-designed physical Adidas Originals Campus 00’s sneaker. On Tuesday, June 13, global apparel and footwear giant Adidas announced entering a partnership with popular digital artist FEWOCiOUS for a physical sneakers collection, to be sold through an NFT redemption pass. This is yet another step from Adidas to deliver deeper into the world of digital collectibles and keep on the competitive pace with its rival Nike. As per the announcement, Adidas will collaborate with FEWOCiOUS in order to…

Hinman Documents Prove Why SEC Has No Business Regulating Digital Assets, Says Crypto Lawyer

The documents might help the likes of Ripple, Coinbase and other businesses that have had a run-in with the SEC. The highly-anticipated Hinman documents have finally been unveiled and made available to the public. However, the contents therein may just have revealed why the United States Securities and Exchange Commission (SEC) should not be the agency overseeing digital assets. The documents, which were unveiled on Tuesday, contained some of the past views of the former director of the corporate finance division at SEC Bill Hinman. According to a 2018 speech…

Hinman documents suggest SEC is the wrong agency to govern digital assets, crypto lawyer says

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On June 13, the long-awaited Hinman documents were finally unsealed and released to the public. The unveiled documents offer valuable insights into a significant speech delivered in 2018 by Bill Hinman, the former director of the United States Securities and Exchange Commission’s (SEC) corporation finance division.  In this 2018 speech, Hinman shared his perspective that Ether (ETH), one of the largest cryptocurrencies, should not be categorized as a security. The Hinman documents consist of internal communications within the SEC, providing a comprehensive view of the agency’s discussions and considerations leading…

Adidas, FEWOCiOUS Releasing Digital and Physical NFT Sneaker

Tier Two will give presale access at regular price to holders of at least one ALTS by Adidas NFT ALT[er] Egos and all FEWOCiOUS NFT Holders. Tier Three is for any holder of at least one NFT from Gmoney’s Admit One, Bored Ape Yacht Club, Doodles, Inhabants: Generative Identities or Farokh’s Rug Radio collections. Source AdidasDigitalFEWOCiOUSNFTPhysicalReleasingSneaker CryptoX Portal

Snoop Dogg Launches Evolving Digital Collectible, the Passport Series

“Throughout my career, I’ve always been pushing things forward,” said Snoop Dogg in a press release. “With the passport series, I can give my fans the opportunity to travel the world with me – no one’s ever done that. I’ve always been a pioneer, and digital merch is part of the future. I’m hoping other artists can see what I’m doing and continue to innovate on their own.” Source

Bank of China issues $28M in digital structured notes on Ethereum blockchain

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On June 12, Bank of China’s investment bank subsidiary BOCI announced the issuance of 200 million Chinese yuan ($28 million) worth of digital structured notes minted on the Ethereum blockchain. The move makes BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong. Investment banking company UBS helped originate the product for placement to its client in the Asia-Pacific region. Ying Wang, the deputy CEO of BOCI, commented: “Working together with UBS, we are driving the simplification of digital asset markets and products, for customers in…

US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital

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The Delaware Court of Chancery in the United States has granted a motion from crypto investment firm Galaxy Digital largely dismissing digital asset custodian BitGo’s case following a dropped acquisition of the firm in 2022. According to court documents filed on June 9, Vice Chancellor J. Travis Laster dismissed BitGo’s complaint against Galaxy Digital with prejudice. The decision followed Galaxy dropping its decision to acquire BitGo in August 2022 as part of a $1.2-billion deal after extensive efforts, citing a breach of contract. BitGo subsequently filed a lawsuit against Galaxy…