Announcements

Renault Korea Motors, the South Korean subsidiary of French automaker Renault SA, announced on Sept. 5 it will be working with metaverse gaming company The Sandbox for Web3 services. The companies will offer customers new ways to experience cars in the metaverse and support marketing collaborations. “This partnership is an excellent example of a collaboration…

British Financial Conduct Authority (FCA) stated cryptocurrency exchanges must play their part in ensuring sanctions are complied with. According to updated guidance from the Treasury’s Office of Financial Sanctions Implementation (OFSI), the agency ordered crypto exchanges to report sanction breaches in the UK. The UK Treasury’s Office of Financial Sanctions Implementation (OFSI) has updated on…

Future Banks Summit KSA 2022 to reveal the future digital innovations in Saudi Arabia’s banking Following the success of the first two editions of Future Banks Summit (FBS), Verve Management announced the 3rd Edition of Future Banks Summit on 27-28 September 2022 at Riyadh Airport Marriott Hotel, Saudi Arabia. (Source: http://ksa.futurebanksummit.com/ ) Future Banks Summit…

BlackRock will use Kraken’s CF Benchmarks Bitcoin index pricing product for its first crypto offering. Previously, the world’s biggest asset manager launched its own Bitcoin private trust following announcing a partnership with Coinbase. As The Block reported, BlackRock’s Bitcoin product will be benchmarked using CF Benchmark’s indexes.  CF Benchmarks is a member of the Crypto…

Amid confusion over intellectual property (IP) rights, VC giant Andreessen Horowitz (a16z) is releasing a free licensing system for NFTs to address current challenges and ambiguities over the use of crypto collectibles. With help from Punk6529, the new licensing system attempts to standardize options, aiming to help the NFT sector fulfill its “economic potential.” The…

Event ticketing giant Ticketmaster announced that it will adopt the Flow blockchain for minting tickets as NFTs for select events. Five million Ticketmaster NFTs were already minted in a pilot program over the past six months. Ticketmaster NFTs will function primarily as collectible digital memorabilia, but also as a shareable “proof of attendance.” Over the…