Digital Asset

StormX CEO on Ongoing NBA Partnership, Outlook for Crypto Sports Deals
Last year, the NBA named cash back provider StormX as their first crypto jersey patch partner via an exclusive deal with the Portland Trail Blazers. StormX CEO Simon Yu shares insights into the ongoing partnership and the state of sports sponsorships for digital asset firms amid a sour mood in the markets.

US Tribal Nation-Backed Economic Zone Passes Rules Defining Digital Assets
The Catawba Digital Economic Zone in South Carolina hopes to attract crypto companies to remotely incorporate under its laws.

Custodia Bank's CEO Says Bad Actors and Regulators Caused Crypto Crash
Caitlin Long said the use of leverage spelled trouble for the industry.

Digital Pseudonyms: One More Way to Make Working From Home Secure
A system of pseudonymous digital credentials would benefit organizations and ensure individuals control their personal data.

Bermuda's Crypto Companies Are Launching an Industry Association
Bermuda’s Premier David Burt announced the creation of the association during a panel at Consensus 2022 in Austin, Texas.

Animoca Brands’ Investment Portfolio Now Worth Over $1.5B
The gaming investment firm also reported $573 million in bookings and other income for the first four months of 2022.

Tech Experts ‘Counter-Lobby’ Washington Criticizing Crypto
A group of tech experts and academics wrote to U.S. lawmakers criticizing crypto and blockchain tech in a coordinated attempt to counter lobbying by the digital asset industry. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the key takeaways.

UK Crypto Hedge Fund Weathers Market Storm With Arbitrage Strategy
Nickel Digital Asset Management’s arbitrage fund is only down about 0.6% this year, compared to bitcoin’s drop of roughly 40% and the Nasdaq’s dip of 24%.

How Charities Can Utilize NFTs to Maximize Fundraising
As digital assets continue to grow in popularity, non-fungible tokens (NFTs) have proven themselves as useful to charitable causes for incentivizing donations and creating communities. “The Hash” group discusses how Web 3 can be embraced for philanthropy and addresses the barriers to entry for artists.

Nigeria’s SEC Affirms All Digital Assets Are Securities in New Rulebook
Rules look to clarify crypto’s role in the economy by providing a regulatory framework.

