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Nike seeks to add counterfeiting claims to StockX lawsuit

On Tuesday(10-05-2022), Nike, the American multinational corporation, urged a federal judge in the Southern District of NY to add forgery and misleading advertisements allegations to an already-existing trademark dilution action against StockX. As per Bloomberg, Nike’s legal counsel bought four counterfeit pairs from the marketplace over the course of 2 months, all with documents saying…

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Coinbase junk bonds plummet due to market turmoil and creditors’ concerns

Coinbase’s junk bonds are plummeting in value, owing to poor first-quarter performance and concerns about what would happen if the company goes bankrupt. According to bond trading data from Trace Bonds, Coinbase’s junk offerings tumbled to 17% and 5.2% since its first-quarter report revealed on May 10. This means that the bonds’ current values are…

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Aurora launches a $90M token fund

Aurora has recently marketed a token fund of $90 million. For those unaware, Aurora is an EVM (Ethereum Virtual Machine) designed by the Near protocol team. The purpose of Aurora is to provide turn-key solutions for the running of Dapps on an Ethereum-supported, scalable and secure platform with minimum service charges for its users.   The…

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Bank of Israel asks Public to support its CBDC program

Stakeholders agree that the digital shekel would increase competitiveness, but their opinion remains divided concerning privacy.  The public reaction regarding “digital shekel’s” implementation has been overwhelmingly supportive; however, the Central Bank of Israel has yet to declare the final decision.  According to a popular tabloid, the Bank of Israel summarised the outcomes of a public…

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Crypto & Digital Payment Accounts for 35% of AMC Theatres’ online payment confirms CEO Adam Aron

“Together, these different new payment alternatives recently comprised around 35% of our overall online payments,” stated AMC Theatres CEO Adam Aron. According to Adam Aron, the CEO of AMC, cryptocurrencies like bitcoin and other digital payment gateways contributed nearly 35% of its online transactions recently. In November, AMC presented its support for online payments for…

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The Governor of Utah approved a task panel for blockchain and digital innovation

To authorize Utah to make policy recommendations to the federal government, Utah Governor Spencer Cox has signed legislation to establish a Blockchain and Digital Innovation Task Force. This comes almost three years after discussions about forming the task committee began and less than two months after the measure was introduced in February. After lengthy deliberations…

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Instagram to support NFTs from Ethereum, Solana, Polygon, & Flow

NFTs from some of the most famous blockchain networks are making their way to Instagram, with a test program slated to begin as soon as Monday. According to CoinDesk, the Meta-owned social media behemoth is preparing non-fungible token (NFT) interfaces for Ethereum, Polygon, Solana, and Flow.  However, it is still in the clouds whether Instagram will support…

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Starbucks to launch a series of branded NFT collections

Starbucks announced that it will use blockchain technology to build a digital community and give its customers access to exclusive benefits. On Tuesday, the news was released as part of the company’s quarterly earnings report (3-05-2022). Known as NFTs, non-fungible tokens are a new type of cryptographic token that allows anyone to claim exclusive ownership…

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VeChain Collaborates with Alchemy Pay

Eyeing the expansion of its native VET token to a wider class of customers, the popular decentralized supply chain firm, VeChain has locked a strategic deal with crypto payment facilitator, Alchemy Pay. With this highly-anticipated partnership, VET token holders will get a chance to purchase goods in over 2 million stores spread across 70 countries…

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BlackRock Lists Crypto ETF To Support its Expansion Plans in the Industry

Recognized as the world’s largest asset management firm, BlackRock has unveiled its highly-anticipated Exchange Traded Fund dedicated to the cryptocurrencies and the blockchain industry. The newly-launched blockchain-supported ETF is referred to as the Blockchain and Tech ETF (IBLC) and is designed to open multiple doors of opportunities for the firm as well as the investors…