Autor Cointelegraph By Arnold Kirimi

Eminem and Snoop Dogg turn into BAYC chars in new music video

Eminem and Snoop Dogg turn into BAYC chars in new music video

Uverejnil používateľ | jún 24, 2022 |

It was only a year and a half ago that there appeared to be bad feelings between Snoop Dogg and Eminem, both of whom are Dr. Dre’s proteges. Now, the legendary rappers have a new music video where they are featured as Bored Apes.Eminem tweeted on June 24 that a new song called “From The D 2 The LBC” would be released. The post included the song’s single art, which was a comic book style with two cartoon monkeys representing both Snoop Dogg and Slim Shady and their connection to Bored Ape Yacht Club (BAYC). He followed up swiftly with another tweet advertising the video.[embedded content]The two hip-hop legends have reunited to release a new music video for their followers. This time, they’ve featured the Bored Ape Yacht Club (BAYC), a nonfungible token (NFT) collection built on the Ethereum blockchain.Titled “From The D 2 The LBC,” the new music video shows Eminem and Snoop Dogg in animated characters of apes. It was produced by 1st AMENDMENT and Young California, in collaboration with the BAYC.The song has the two of them shouting out their respective hometowns, Detroit and Long Beach, in its refrain: “Put your doobies high if you reside in 213, let’s see them blunts raised / Whether you east side or west side of the 313, let’s see them guns blaze.”The video then shifts to Em and Snoop as they perform their verses while morphing into animated, Bored Ape-style avatars – the song was recently previewed live at Ape Fest 2022 by the pair.Related: Meet the Snoop Dogg impersonator who walked around NFT​.NYCIt should be noted that Eminem and Snoop are already familiar with the world of NFTs, having previously ventured into it. As reported by Cointelegraph, Eminem, also known as Marshall Mathers III, purchased an NFT from OpenSea’s NFT marketplace for $462,000 and became a member of the Bored Ape Yacht Club.In April, Snoop Dogg was announced as a major investor in MoonPay, an on- and off-ramp service, along with “industry VIPs” like Justin Bieber, Bruce Willis and Ashton Kutcher. MoonPay has also teamed up with Dogg’s Death Row Records to create an NFT marketplace.

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University of Cincinnati turning crypto craze into educational curriculum

University of Cincinnati turning crypto craze into educational curriculum

Uverejnil používateľ | jún 23, 2022 |

Cryptocurrencies are attracting a lot of attention from academic institutions as they become increasingly accepted as an alternative to conventional assets. The University of Cincinnati (UC) in Ohio, United States, has even established courses around cryptocurrency as part of its curriculum.In fact, UC is working on two new programs that will educate students about cryptocurrencies like Bitcoin (BTC) and emerging financial technologies, according to a Wednesday UC News story.The reports state that the projects are being funded by Dan Kautz and Woody (Woody) Uible, who will provide them through the UC’s Carl H. Lindner College of Business. The funding also covered the creation of public-private lab space in the new Digital Future headquarters, which is expected to open later in 2022. https://t.co/tFY6sAFmIehttps://t.co/h7aF23JPWmhttps://t.co/iAISIeJtjchttps://t.co/Jm4fxytfdkhttps://t.co/K9JWKkGoeQhttps://t.co/sb4PNglddD[ 1/3 ]— Haris.ETH (@Haris_ETH) June 22, 2022Following the launch of this initiative, Dean Marianne Lewis, Ph.D., stated that students will be able to obtain hands-on, practical learning in the new field of financial technology, adding that:”Our students will learn how to manage cryptocurrencies and how such digital assets impact our economy, positioning UC as the regional leader and among the top universities nationally with this kind of program.”Education about cryptocurrencies has increased in popularity recently, especially among marginalized communities, as the new financial frontier allows people all around the world to create, innovate, generate money, and prosper. To assist such communities to take advantage of these possibilities, Jay-Z and Twitter co-founder Jack Dorsey have partnered to finance The Bitcoin Academy, a program for Mary Houses residents in Brooklyn, New York – where Jay-Z grew up – that teaches people about cryptocurrencies.Related: US trademark filing hints at Arizona State University planning classes in the MetaverseOther top universities have been getting on board with the blockchain and cryptocurrency craze as well. For example, the Massachusetts Institute of Technology (MIT). MIT is widely recognized for its ground-breaking research and demanding academic curriculum, and it is a leader in terms of blockchain technology, taking a research-first approach to the decentralized ecosystem.Harvard has a vibrant blockchain student network with over 200 members. Weekly “Crypto 101” discussions are held, and there is an incubator on campus that allows students to develop and scale their cryptocurrency projects.

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Bybit enters into settlement agreement with Ontario Securities Commission

Bybit enters into settlement agreement with Ontario Securities Commission

Uverejnil používateľ | jún 23, 2022 |

Bybit announced that it reached a settlement agreement with the Ontario Securities Commission (OSC) on Thursday, a day after the OSC released a Statement of Allegations against the crypto asset trading platform. The agreement includes several measures to be taken by Bybit as it engages in registration talks with the Canadian regulator. This announcement comes after the OSC issued financial penalties against Bybit and KuCoin, claiming violation of securities laws and operating unregistered crypto-asset trading platforms.According to the Settlement Agreement, Bybit has disgorged revenues totaling approximately $2.47 million and compensated the OSC $7,707 (CAD 10,000) for costs. No additional monetary penalties were levied on Bybit as part of the agreement.Also, Bybit announced that it would not accept new accounts from Ontario residents, provide any new goods to existing accounts held by Ontario investors, or conduct marketing and promotional efforts targeted at Ontario residents.Registration discussions with the provincial regulator are currently underway, and if the process fails, Bybit will cease operations in Ontario. Investors who already own cryptocurrencies on Bybit will be required to terminate their positions in specific restricted products such as leveraged contracts, margin trading, or credit extension. Retail investor funds or assets in Ontario that are unspent or unutilized may be used for unrestricted products or withdrawn from the Bybit platform, the exchange noted. Ben Zhou, co-founder and CEO of Bybit in a statement noted that:“We appreciate the OSC’s efforts in protecting Ontario investors and look forward to cooperating with the OSC in all respects in the registration process.”Cointelegraph reached out to Bybit for additional comments but did not receive a response by press time. This story will be updated as more information becomes available.Related: Canadian regulator takes enforcement actions against Bybit and KuCoinThe decision by the regulator was the latest in a string of warnings and legal actions taken against crypto exchanges that provide services to Ontario consumers. In March 2021, the OSC issued a deadline for crypto firms operating in Ontario to register with the province’s securities laws by April. Ontario has eight registered cryptocurrency trading platforms, including Fidelity Digital Assets, Bitvo, and Bitbuy, as of June 1.

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eBay acquires KnownOrigin, expanding its foray into NFTs and blockchain

eBay acquires KnownOrigin, expanding its foray into NFTs and blockchain

Uverejnil používateľ | jún 22, 2022 |

eBay, an e-commerce giant, has announced the acquisition KnownOrigin, a nonfungible token (NFT) marketplace that will help the e-commerce company foray further into the world of blockchain technology and digital collectibles.According to a press release on Wednesday, Manchester-based KnownOrigin has been purchased for an undisclosed amount. The firm enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. KnownOrigin co-founder David Moore in a statement said that the company was founded to “empower creators and collectors by giving them the ability to showcase, sell and collect unique, authenticated digital items,” adding that:”As interest in NFTs continues to grow, we believe now is the perfect time for us to partner with a company that has the reach and experience of eBay.”eBay began allowing users to buy and sell NFTs in May of last year, at a time when increasing public interest in digital collectibles resulted in precipitous price increases. In May, the e-commerce giant announced its debut collection of NFTs through a collaboration with OneOf, a green NFT platform. eBay chief executive Jamie Iannone said:”KnownOrigin has built up an impressive, passionate and loyal group of artists and collectors, making them a perfect addition to our community of sellers and buyers. We look forward to welcoming these innovators as they join the eBay community.”The move signals eBay’s continued interest in leveraging cryptocurrency and blockchain technology to improve its operations. eBay is one of the first e-commerce sites, and it is now aiming to become the preferred destination for Generation Z and illennials. Earlier this year, Cointelegraph reported that the firm has been looking to integrate crypto payment options for quite some time.Related: Online marketplace eBay to allow NFT salesOver the last few months, hundreds of NFT projects have appeared in the cryptocurrency world, seemingly emulating the multimillion-dollar sales of digital artwork on online markets. The inclusion of NFTs in an established market like eBay, with approximately 187 million active buyers, has the ability to extend the frenzy for even longer.

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Roxe Holding in talks for listing on Nasdaq via $3.6B SPAC deal

Roxe Holding in talks for listing on Nasdaq via $3.6B SPAC deal

Uverejnil používateľ | jún 22, 2022 |

Goldenstone Acquisition Ltd, a special-purpose acquisition firm (SPAC), has announced plans to go public with blockchain-based payments firm Roxe Holding Inc.As per the Wednesday announcement, the SPAC has agreed to a $3.6 billion merger with the global blockchain payments firm, which will see Roxe listed on the Nasdaq under the ticker ROXE. Roxe is a global payments company that offers both business-to-business and consumer payments services, with a focus on blockchain technology.According to a Reuters report, citing insider sources, no current stockholders of Roxe are planning to sell their stake after the merger. On Tuesday, Roxe stated that certain shareholders may qualify for earnouts if the listed share price is reached.Blockchain Payments Firm Roxe to Go Public in $3.6B Merger. #SPAC deal will see #Roxe merge with Goldenstone once deal wraps up in Q1, 2023. Roxe issues its own private tokens to facilitate money transfers and remittances across 113 countries pic.twitter.com/SfM3F2kJu6— Crypto HINDUSTAN (@criptohindustan) June 22, 2022The agreement comes into an unfavorable market environment, in which cryptocurrencies have plummeted in value and investors have largely abandoned special-purpose acquisition firms of this sort due to poor performance. The total market capitalization of cryptocurrencies dropped to less than $1 trillion, while Bitcoin (BTC) has now sunk to its lowest level since mid-2021.The long slide in crypto has been driven by concerns about the unwinding of numerous major participants. Sentiment has deteriorated as a result of growing inflation and interest rates and weaker macroeconomic signals.Furthermore, the agreement follows months after Goldenstone’s IPO, which generated roughly $57.5 million in capital. These resources will be utilized to increase Roxe’s financial reserves. It will also be CEO Haohan Xu’s second significant listing agreement of the year, having earlier agreed to a $530 million SPAC deal with Apifiny Group.Related: Crypto-focused SPAC raises $115M in Nasdaq IPOAfter a surge through 2020 and 2021, the popularity of SPACs- a typical listing vehicle for several major crypto companies – is waning this year. Following several fraud allegations, the U.S. Securities and Exchange Commission (SEC) recently outlined stricter reporting standards for SPACs.

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