Mumbai Indians Eager To Enter NFT World, Bahamian Regulator Rejects FTX’s Request To Issue Additional Tokens

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

The franchise said it is seeking a company to deliver services related to the production and monetization of certain licensed digital collectibles in the form of NFTs derived from its intellectual property to leverage the team’s global brand value.

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

Bahamas regulator rejects FTX’s request to issue additional tokens

The Securities and Exchange Commission of the Bahamas (SCB) rejected the FTX debtors’ claims and expressed concern that the investigation was being ‘obstructed’.

In a statement released on January 3, 2022, SCB said that John J. Ray III, the United States-based representative of FTX’s debtors, had to retract important statements he had made in court documents and public statements.

The document states that the Chapter 11 debtors “publicly challenged” the Commission’s assessment of the digital assets moved to digital wallets under the Commission’s control in November 2022.

It claimed that the debtors failed to exercise due diligence in seeking information from the joint provisional liquidators, and that those representations were based on “incomplete” information.

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

Binance ready to buy Korean crypto exchange GOPAX

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

The World Exchange has completed due diligence on the acquisition by the latest report.

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

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

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

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