PGA partners with NFT Marketplace Autograph
As cryptocurrencies rallied on Monday, bitcoin hit a three-month low, Bloomberg wrote.
Sentiment was hit by a wave of economic tightening that will happen this week in both Europe and the US
The coin’s price fell 7.4% to $18,273 before pairing losses, the lowest since digital asset prices fell after Celsius collapsed in June.
Meanwhile, prosecutors in South Korea have asked Interpol to issue a red notice against Do Kwon, the co-founder of the now-collapsed Terraform Labs, the Financial Times (FT) wrote.
Prosecutors said he has not cooperated with an investigation into the $40 billion implosion of the terraUSD and luna tokens.
Prosecutors in the Seoul Southern District said they have asked Seoul’s foreign ministry to cancel Kwon’s South Korean passport, saying he was on the run and “obviously” would not appear for questioning.
In further crypto news, the founder of a crypto investment research firm has been accused by the SEC of promoting an initial coin offering without disclosing that he had been paid $5 million for it, Bloomberg wrote.
Ian Balina had allegedly promoted the SPRK token on various social media and did not say he had been paid by the company offering it. The report noted that the description matches Token Metrics, an Austin firm that offers AI-based crypto ratings and price predictions.
Balina is a self-described crypto-asset investor, promoter and influencer, and has documented her investment process online.
In addition, ethereum investments have seen outflows totaling $15.4 million, with investors weighing the blockchain’s Merge to a proof-of-stake consensus mechanism, Seeking Alpha wrote.
The token itself has fallen 16% in the last five sessions.
Mike Alfred, who sits on the board of crypto exchange Iris Energy, said the outflows are happening because no one “wants to participate in a system controlled by wealthy developers who can change the rules at a moment’s notice,” calling it a “bloodbath.”
Finally, the PGA is partnering with Autograph, the NFT marketplace run by American football quarterback Tom Brady, to create its own NFT platform, Coindesk wrote.
The combination will see NFTs created from the PGA’s archive of videos and player data – with all proceeds going to the players, reports said.
The system will debut sometime early next year.
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