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Trapped by your busy schedule and don’t have time to keep up encryption world? Then we serve you and become a great partner. Therefore, we have listed some of the most watched news clips in the crypto world for you to read.
FTX US will become the official cryptocurrency exchange and NFT partner
According to Monday’s report, FTX America will be Crypto transaction Authority and NFT are associated with a company that supports four important professional sports organizations in Washington, DC.
Monumental Sports and Entertainment (MSE) announced that the four sports teams in Washington will formally cooperate with FTX US and sign multi-year contracts. According to MSE, the NFT platform of FTX US will provide exclusive privileges for the future token drops of the four teams in Washington. The so-called “big blockchain” will cooperate to exchange in-game functional series.
According to Jim Van Stone, President of Business Operations and Chief Commercial Officer of MSE, this is just the beginning of the era of integration Blockchain technology Have sports experience. Together we will reach new heights and provide fans with an unprecedented experience beyond their imagination.
The news illustrates the latest cooperation between the influential American sports organization and FTX US. According to the March agreement, FTX, Cryptocurrency exchange Will pay $135 million in naming rights for the Miami Heat’s home game. The stadium will be renamed FTX Arena until 2040.
The company, together with the University of Kentucky, appointed the Wildcats men’s basketball team as the brand ambassador, and officially sponsored Major League Baseball in June.
FTX, one of the world’s largest cryptocurrency trading platforms, has been valued at more than $25 billion after completing a $420 million financing in October. For customers located in the United States, the company launched the NFT market to facilitate them.
Adidas’ NFT debuted and won second place on OpenSea
The “Into the Metaverse” project is the first NFT of Adidas Originals. It has successfully obtained 11,391 ETH during the opening weekend of OpenSea, valued at more than $43 million. After Takashi Murakami and RTFKT’s Clone X, this project won the second place in OpenSea transaction volume.
Adidas Originals and its partners PUNKS Comic, Bored Ape Yacht Club and gmoney jointly created a digital asset and only 30,000 transactions were traded on December 17. So far, the first round of NFT has initially sold approximately 20,000 copies.
According to the company, despite the technical problems with the casting of Mutant Ape Yacht Club, a few hours after the restart, Early Access casting successfully generated $15.5 million.
This NFT is not considered a collectible, but an access token that authorizes its owner to uniquely access virtual wearable devices in the Sandbox game meta-world, and can be redeemed for matching physical products in 2022.
NFT owners will receive printed copies of X Marks the Drop and PUNKS Comic Issue 2, which are graphic illustrations of the characters in the series. For those who want to buy comics separately, you can find it in your PUNKS Comic OpenSea profile. Pixel Vault, the development team behind PUNKS Comic, apparently returned a portion of OpenSea sales revenue to the PUNKS community fund.
Adidas (Adidas) tweeted about its relationship with Coin Bank And show your own sandbox land.Nike, the most popular Outside sea At the time of publication, Collectibles also expanded its digital coverage by partnering with virtual footwear and collectibles company RTFKT.
Indian Parliament winter meeting to rule out encryption bill
The Indian government may still be exploring measures to prohibit the use of certain cryptocurrencies in the country. However, the current legislative session will deprive legislators of the right to vote on the bill.
According to recent reports, Lok Sabha, the lower house of the Indian Parliament, is likely not to consider a proposal to ban “all private cryptocurrencies” before its winter meeting ends on Thursday. In the final days of the 2021 conference, cryptocurrency and official digital currency regulations were not included in the seven agendas of government agencies.
According to the Lok Sabha announcement on November 23, Indian legislators can pass a bill that aims to establish a “facilitating framework for the development of official digital currencies” issued by the Reserve Bank of India. In addition, the law also seeks to ban certain cryptocurrencies. However, the same bill was introduced earlier, but due to the regulatory framework for digital assets, these efforts were in vain.
The Supreme Court of India revoked the comprehensive ban on cryptocurrencies imposed by the Reserve Bank of India in March 2020. The ban has been in effect for the past two years. However, since then, many officials and local media have reported that the government is reconsidering different solutions for regulating digital assets.
Indian President Ram Nath Kovind (Ram Nath Kovind) may make a decree when the Indian Parliament fails to resolve the cryptocurrency legislation and the People’s Chamber is not in session (probably between December and January) Speed up the formulation of laws. In addition, officials from the Indian Ministry of Finance will explore a regulatory framework to address cryptocurrencies that are more like assets than currencies.
India’s consideration of establishing a specific legislative framework for digital currency and banning many token initiatives will certainly cause industry turmoil. For example, as the bill was included in the November legislative agenda, WazirX, A cryptocurrency trading platform, has witnessed a large number of sell-offs, resulting in a substantial depreciation of Ethereum, Bitcoin and other tokens.
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