CageChain Newsletter #266 | MLB's 1st Live Game in the Metaverse, SEC Coming for DeFi, Bitcoin & Ethereum Fund News, ICP.Hub N. America, 6th Annual Black Blockchain Summit and More...

By KHubbard | CageChain | 20 Sep 2023


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Baseball fans will be able to watch a real-world Major League Baseball game play out in 3D in the metaverse on Wednesday as the pro league unveils its first simulcast in a virtual ballpark. Metaverse technology company Improbable will stream the first regular season Major League Baseball (MLB) game in a virtual ballpark Wednesday night when the Tampa Bay Rays host the Los Angeles Angels. The real-world game will be played at Tropicana Field in St. Petersburg, Florida, but fans from around the world can watch the action in a whole new way. Improbable’s web-based experience will showcase 3D renderings of Rays-Angels action via MLB’s Gameday 3D technology, which is powered by Sony’s Hawk-Eye camera-tracking system installed in all 30 team stadiums. Hawk-Eye’s AI cameras are commonly used for stat-tracking and officiating in other sports, including automated line calls in tennis. Speaking at the SEC’s Securities Enforcement Forum Central, the Commission’s head of crypto enforcement warned that more companies and projects are under investigation and that more charges could be expected. The comments were first made public by CoinDesk. David Hirsch, Chief of the Crypto Asset and Cyber Unit of the SEC’s Division of Enforcement, said that the agency intends to “continue to bring … charges” following the cases that it initiated against Coinbase and Binance in June. Hirsch said that his agency has sights on numerous companies that operate in similar ways, including companies that are not high-ranking exchanges. Grayscale has submitted a filing for a new Ethereum futures exchange-traded fund (ETF), the Wall Street Journal said on Sept. 19. According to that report, Grayscale submitted its filing under the Securities Act of 1933. The filing is distinct from Grayscale’s previous attempts at an Ethereum futures ETF, which it submitted under the Investment Company Act of 1940. The Wall Street Journal noted that the U.S. Securities and Exchange Commission (SEC) has approved a number of Bitcoin futures ETFs under both the 1933 and 1940 Acts. Spot Bitcoin ETFs, none of which have been approved, have been filed under the 1933 Act. As the world of finance seeks to embrace technology, it often finds itself at a crossroads between innovation and practicality. One such technology with massive implications for finance is blockchain technology, which has been the topic of numerous debates, particularly surrounding its user-friendliness (or lack thereof) and potential for mass adoption. In a recent discussion, Roundtable anchor Rob Nelson focused on this crossroads with Chris Mack, the founder of carbon credit tokenization platform Carbon.Credit. Their discussion shed light on the many facets of blockchain's trajectory toward mainstream acceptance. Nelson began by drawing a parallel to the early days of email, highlighting the initial resistance and confusion it faced due to its intimidating, technical nature. Japan-based investment bank Nomura’s digital asset subsidiary Laser Digital launched a pioneering Bitcoin (BTC) adoption fund to entice institutional investors, according to a Sept. 19 statement. This marks the initial step in what promises to be a series of such funds from Nomura, facilitating convenient access to digital assets for corporate entities and significant investors. As outlined in the announcement, this fund will exclusively offer exposure to Bitcoin in a long-only strategy. Nomura asserts that this approach will position the fund as one of the most economical and secure investment options. To enhance asset security, the fund opted for Komainu, a joint venture established by Nomura, Ledger, and CoinShares in 2018. Notably, this launch comes just a month after Laser Digital and Komainu secured operational licenses from Dubai authorities.

 

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KHubbard
KHubbard

Love contributing content to the Publish0x platform! You can find more about me at www.kamalrhubbard.com.


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