Mumbai Indians eager to enter NFT world, Bahamian regulator denies request for FTX to issue additional tokens

Mumbai Indians, the Indian Premier League cricket team owned by Reliance Industries’ Indiawin Sports Private Limited, has released a call for proposals for its digital collectibles, also known as non-fungible tokens (NFTs).

The franchise said it is seeking a business to provide services related to the production and monetization of particular licensed digital collectibles in the form of NFTs derived from its intellectual properties to leverage the team’s worldwide brand value.

While other franchises are also working on developing their own digital collectibles, this is the only IPL team to have issued a RFP.

Bahamian regulator denies request for FTX to issue additional tokens

The Securities Commission of The Bahamas (SCB) rejected the claims of FTX debtors and expressed concern that the investigation was “hindered”.

In a statement released on January 3, 2022, SCB said John J. Ray III, the US-based representative of FTX debtors, had to withdraw important statements he had made in court filings and public releases.

The statement in the document was that Chapter 11 debtors had “publicly contested” the Commission’s assessments of digital assets transferred to digital wallets under Commission control in November 2022.

It said the debtors failed to exercise due diligence in requesting information from the common liquidators and that those statements were based on “incomplete” information.

The statement also said that during a court filing before the US House Committee on Financial Services, FTX CEO John J. Ray III made public statements saying that the Commission had authorized FTX to “mint a substantial amount of tokens additional” under “oath”.

Binance has decided to buy the Korean cryptocurrency exchange GOPAX

Major cryptocurrency exchange Binance is one step closer to buying Korean cryptocurrency exchange GOPAX, as it plans to buy a 41% stake in the company, local media reported.

The global exchange had finished due diligence for the acquisition until the reports arrived.

A source familiar with the transaction said that Binance planned to complete the acquisition by the end of last year. But according to the source, due to continued discussions about the value of the stake, the deal negotiations had to drag on into the new year.

Gopax’s main shareholder, Lee Jun-haeng, will sell the interest. The CEO of the exchange, Jun-haeng, will keep his job to ensure stable management.

Incidentally, Binance previously disclosed that its subsidiary will directly enter the Korean market.

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