Mumbai Indians, the Indian Premier League cricket team owned by Reliance Industries’ Indiawin Sports Private Limited, has issued a call for its digital collectibles, also known as non-fungible tokens (NFTs).
The franchise stated that it is seeking a business to provide services related to the production and monetization of certain licensed digital collectibles in the form of NFTs derived from its intellectual properties to leverage the value of the team’s worldwide brand.
While other franchises are also working on developing their own digital collectibles, this is the only IPL team that has issued a request for bids.
Bahamian regulator refuses to ask FTX to issue additional tokens
The Securities Commission of The Bahamas (SCB) has rejected the demands of FTX debtors and expressed concern that the inquiry has been “obstructed”.
In a statement issued on January 3, 2022, SCB said that John J. Ray III, the US-headquartered representative of the FTX debtors, had to retract important representations he had made in court documents and public releases.
The statement in the document was that the Chapter 11 debtors had “publicly disputed” the commission’s assessments of the digital assets being moved to digital wallets under the commission’s control in November 2022.
It argued that the debtors failed to exercise due diligence in requesting information from the Joint Provisional Liquidators and that those statements were based on “incomplete” information.
The statement further said that during a hearing before the US House of Financial Services Committee, FTX CEO John J. Ray III made public statements claiming that the commission had authorized FTX to “expose a significant amount of additional tokens” under “oath”.
Binance set to buy Korean crypto exchange GOPAX
Leading cryptocurrency exchange Binance is a step closer to acquiring Korean cryptocurrency exchange GOPAX, as it plans to acquire a 41 percent stake in the company, local media reported.
The worldwide stock exchange had completed its due diligence for the acquisition until the last reports came in.
A source familiar with the transaction said Binance had planned to complete the acquisition by the end of last year. However, according to the source, due to continued arguments about the value of the effort, negotiations on the deal had to drag on into the new year.
The main stakeholder in Gopax, Lee Jun-haeng, will sell his interest. The exchange’s managing director, Jun-haeng, will keep his job to ensure smooth management.
By the way, Binance had previously revealed that its subsidiary will directly enter the Korean market.
