Art Basel Miami Beach, Porsche, Lacoste, BlockFi, Huobi, FTX, Kraken, Daniel Arsham.
- BlockFi is suing Sam Bankman-Freed’s company. Following a bankruptcy filing, the landing platform sued Emergent Fidelity Technologies for the return of collateral in the form of Robinhood shares.
- Huobi has announced plans to issue the world’s first national token. The coin, approved by the government of the island nation of the Commonwealth of Dominica, will be issued on the Tron blockchain.
- FTX has resumed paying salaries to employees. The bankruptcy group will also make payments to certain suppliers whose services are necessary to keep the business going.
- Kraken agreed to pay $362,000 to the regulator for sanctions violations. As part of the OFAC settlement of the rule violations, the platform is also investing an additional $100,000 in staff training and new measures to enforce restrictions.
- Investment company Fidelity has launched a cryptocurrency trading service. Retail clients of the company, having opened an account, will be able to trade bitcoin and Ethereum without commissions.
- Crypto lender BlockFi has filed a lawsuit due to the threat of bankruptcy. Lending platform BlockFi and 8 related companies have initiated Chapter 11 bankruptcy protection proceedings against creditors. The announcement follows the collapse of FTX, which also filed for bankruptcy.
- Metaverse real estate designed by Daniel Arsham will be brought to life by The Row, in the city’s Design District during Art Basel Miami Beach. Named Ares House, the space is described as a “real-life metaverse experience that stitches together the physical and digital worlds”, with an aesthetic inspired by an ancient, otherworldly civilization.
- Lacoste opens virtual reality store in partnership with Emperia. On entering the store, customers can move around a space inspired by the brand’s signature details, in an interior that is reminiscent of a crocodile’s mouth.
- During Art Basel in Miami, Porsche is launching a brand experience in the digital world and unveiling its first collection of non-fungible tokens (NFT). Porsche’s new project in the field of digital art is realized by the Hamburg-based designer and 3D artist Patrick Vogel In his studio ALT/SHIFT, the former architect is creating an impressive visual language for various applications. For Porsche, he designs digital portraits that center around a white Porsche 911.