Disney, Dapper Labs Unveil NFT Platform; FTX, BlockFi Bankruptcy Negotiations Allowed; Fake XRP Filing Causes Market Stir
Summary:
Disney collaborates with Dapper Labs to launch an NFT platform named "Disney Pinnacle" hosting characters from its multiple brands. Crypto firms FTX and BlockFi, who filed for bankruptcy, receive permission from a U.S. judge to negotiate over their claims settlement. Lastly, the crypto market experiences volatility as a fraudulent XRP trust filing from BlackRock triggers a sharp price fluctuation.
Disney has teamed up with Dapper Labs, the creators behind the widely successful CryptoKitties DApp, to launch a new NFT platform named "Disney Pinnacle". This marketplace will offer NFTs showcasing famous characters from Disney's diverse spectrum of brands, including Star Wars and Pixar. Dapper Labs CEO Roham Gharegozlou expressed enthusiasm about the fact that fans around the globe will now be able to collect and trade these digital assets directly from their phones.
Elsewhere in the crypto world, under the order of United States bankruptcy judge Michael Kaplan, FTX and BlockFi, two crypto firms that filed for bankruptcy in November 2022, have been granted permission to press forward with their claims settlement talks. This follows a pause of automatic holding placed on the proceedings involving these firms. While the exact terms of the settlement process are yet to be determined, FTX’s debtors can now negotiate over issues related to BlockFi’s claims in their bankruptcy proceedings. The ruling has also stipulated that both parties must commence mediation with the Delaware Bankruptcy court as promptly as possible, with a deadline set no later than December 24, 2023.
Meanwhile, a fraudulent BlackRock filing for an XRP trust created quite a stir by causing the cryptocurrency's price to surge and then plummet within the span of an hour on November 13. It fostered false excitement by indicating that the asset management company was planning to launch an exchange-traded product focused on XRP. As it turns out, the filing turned out to be a bluff and was officially debunked by Eric Balchunas, a Bloomberg ETF analyst, post discussions with BlackRock. Balchunas pointed out that an imposter may have falsely registered the “iShares XRP Trust” using BlackRock executive Daniel Schwieger's name.
This report does not hold any form of investment advice or recommendations. Every finance-related decision and movement roped with risk, therefore readers are advised to perform adequate research before making an investment decision.
Published At
11/14/2023 7:27:42 PM
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