Crypto exchange Kraken is developing a marketplace for non-fungible tokens (NFTs) where users can arrange loans using the tokens as collateral, the exchange’s founder and CEO Jesse Powell said in a Bloomberg News interview published Friday.The marketplace will provide custody, and the exchange is figuring out how to determine the liquidation value of NFTs deposited so that … [Read more...] about Kraken to Develop NFT Marketplace Offering Token-Backed Loans
Offering
Dapper Labs Raising $13.5M in Equity Offering
Dapper Labs, the creator of basketball collectible platform NBA Top Shot, is raising $13.5 million in an equity offering and is nearly halfway toward meeting the goal, according to a new regulatory filing.The company has raised $6.5 million to date from one investor. Dapper started accepting investments on Nov. 22.Sports non-fungible tokens (NFTs) are a booming area for … [Read more...] about Dapper Labs Raising $13.5M in Equity Offering
Silvergate Bank Looks to Raise $461M in Public Stock Offering
Silvergate Bank is looking to raise around $461 million through sale of 3.31 million shares of common stock.The crypto-focused bank estimates that net proceeds will be around $532 million if underwriters exercise their option to purchase additional shares in full, according to a filing Wednesday.Silvergate intends to use the net proceeds to supplement its regulatory capital … [Read more...] about Silvergate Bank Looks to Raise $461M in Public Stock Offering
Binance to offer world’s first Initial Game Offering (IGO) featuring AI robot Sophia
AI robot Sophia is set to be tokenized and auctioned as part of a Metaverse project called “Noah’s Ark.” Binance is launching this campaign as an Initial Game Offering (IGO).It will feature 100 “intelligent NFTs” available for auction on December 16 and be known as “The Transmedia Universe of Sophia beingAI.”“The IGO will showcase a history-making limited-edition one hundred … [Read more...] about Binance to offer world’s first Initial Game Offering (IGO) featuring AI robot Sophia
OCC Wants Banks to Seek Permission Before Offering Crypto Services
The Office of the Comptroller of the Currency (OCC) wants banks to be very sure they can provide crypto services before they do so. The federal bank regulator published an interpretative letter Tuesday telling banks to be very clear they can comply with existing regulations around stablecoins and other cryptocurrency services if they want to begin offering custody or node … [Read more...] about OCC Wants Banks to Seek Permission Before Offering Crypto Services