#will

Justin Bieber's popular track "Company" is getting the NFT treatment. On September 7, music tech platform anotherblock and co-producer Andreas Schuller, aka Axident, will release the song as a limited NFT — only 2,000 will be available. Fans who buy the NFT will get a 1% share in the song's royalties, while Axident retains the rights. Michel D. Traore, CEO of anotherblock, emphasized that this NFT initiative not only shines a spotlight on producers but also introduces the masses to Web3 technologies.

This collaboration seeks to digitize various sectors, including government services, healthcare, and education. The Google Distributed Cloud (GDC) services will enhance local infrastructure and data processing capabilities, aligning with El Salvador’s vision to become an innovation hub. President Nayib Bukele emphasized the importance of technology and foreign investment for the nation’s development: “Google’s global experience combined with the audacity of El Salvador will redefine the technological landscape.”

Polygon Labs has launched its Chain Development Kit (CDK), a software tool designed to help developers create Ethereum Layer 2 chains powered by zero-knowledge proofs. The toolkit will support an "Interop Layer," a new protocol that aggregates zero-knowledge proofs from multiple Polygon chains and secures them on the Ethereum mainnet. This move aligns with Polygon's shift towards creating more interconnected chains, similar to ecosystems like Cosmos and Polkadot.

In a recent tweet, the Friend․tech team opened up about their awareness of potential rivals and clones entering the market.In response, they shared a cautionary post on X (Twitter): “...users moving to forks and copies will automatically opt out of earning Points and forfeit existing points. They will be able to use the app normally.”

Ever since 2013, during the last week of summer (the 35th week of the year), BTC has ended in the green 8 out of 10 times. However, September is historically known for its bearish tendencies. How will Bitcoin mark the end of this summer?

Investment fund Pantera Capital has forecasted a boost in Bitcoin's price following the forthcoming halving in April 2024, a pattern observed in the past. With historical trends as a basis, they anticipate Bitcoin will hit $35,000 before the halving and surge to $148,000 by 2025. Decisive events, like a positive court verdict for XRP and the greenlight for BlackRock's spot Bitcoin ETF, are expected to shape these potential outcomes.

Elon Musk has once again pumped DOGE. The token surged by 4.1%. Meanwhile, the legal battle over Musk's alleged manipulation of Dogecoin rages on, with his attorney denying any involvement.

Coinbase and Circle, five years after jointly launching USDC, are evolving their partnership. Coinbase is acquiring an equity stake in Circle, emphasizing their shared vision for the financial future. To further its reach, USDC will launch on six new blockchains between September and October, expanding its multi-chain presence to 15. With clearer global stablecoin regulations, Circle will assume all governance, including smart contract management. The Centre Consortium, initially governing USDC, will dissolve.

Today, key aspects of the summit's agenda were revealed, giving priority to risk management and support strategies. Leaders from major countries, top tech organizations, academic circles, and civic groups will converge at the event to discuss expedient actions in the cutting-edge arena of AI development. The UK's representatives are of the opinion that fostering AI investment could significantly benefit society and economic productivity, but only if done within a regulatory framework. “Without appropriate guardrails, this technology also poses significant risks in ways that do not respect national boundaries. The need to address these risks, including at an international level, is increasingly urgent.“

Victory in court against the SEC enables Grayscale to transform its Bitcoin Trust (GBTC) into an ETF. This development sent Bitcoin soaring past the $27,000 milestone. Within a 45-day period, the SEC can petition for a rehearing. Once this time elapses, the court will deliver a final mandate specifying the future course of action.

Sam Bankman-Fried's attorneys argue that he cannot adequately prepare for trial in prison. This is due to prosecutors handing him an additional four million pages of documents to review just six weeks before his scheduled October trial. "We do not believe that anything short of temporary release will properly address these problems and safeguard Mr. Bankman-Fried’s right to participate in his own defense," the attorneys wrote.

Srettha Thavisin became the Prime Minister of Thailand and continued to discuss the idea of an airdrop for all citizens of the country over the age of sixteen. Under the preliminary terms, each individual will receive 10,000 Thai baht (approximately $300) in a national token and will be able to spend it within a four-kilometer radius of their residence. The initiative has not yet received approval among politicians, as its cost is estimated at $14.3 billion, and financiers have questioned the feasibility of using blockchain for such campaigns. Apparently, the promises about airdrop was not unnecessary for victory!

OpenSea Head of Product Receives Prison SentenceNate Chastain has been sentenced to three months in prison for engaging in insider trades that amounted to $50,000. Chastain, aged 33, was found guilty of fraud and money laundering in a federal court in New York in May. This case marked the conclusion of what prosecutors deemed the first significant NFT insider trading case. Chastain profited by purchasing and selling at least 45 NFTs he was aware would be featured on OpenSea’s homepage. U.S. Attorney stated, “Today’s sentence should serve as a warning to other corporate insiders that insider trading – in any marketplace – will not be tolerated.”

Xterio, the gaming Web3 platform, has revealed its decision to create an independent ecosystem following OpenSea's refusal to charge author royalties on NFT resales. This new initiative will support content creators through the launch of an NFT marketplace, exclusive tokens, a rewarding mechanism, and diverse affiliate programs. Xterio's officials have said that the launch of this marketplace is imminent, expected within the following weeks.

Bitmain, the manufacturer of ASIC miners, has rolled out a new protection scheme against market volatility for those buying the S19j XP model. If there's a downturn of more than 20% in the subsequent three months post-purchase, company ensures compensation at $1.89/T. Impressively, this offer is available even to current S19j XP owners. The compensation will be directly credited to the user's account and is usable for any Bitmain product acquisitions.