Monat: August 2022

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Eminem, Snoop Dogg to perform Bored Ape-themed ‘Otherside’ song at the VMAs

Rap legends Eminem and Snoop Dogg are bringing their Bored Ape NFTs to the 2022 VMAs thanks to a partnership between MTV and Yuga Labs, the firm behind the “Otherside” metaverse.

According to an announcement MTV published on Thursday, “From the D 2 the LBC” is notable for being inspired by the world of the Otherside metaverse.” 

The Bored Ape Yacht Club’s official Twitter page confirmed:

The rap icons’ return to the VMAs will feature a performance of their “From The D 2 The LBC,” a BAYC-styled song inside the upcoming metaverse.

“This is the first metaverse inspired performance to ever grace an award show. The 2022 “VMAs” air LIVE from Prudential Center on Sunday, August 28 at 8PM ET/PT,” the press release posted by the Eminem team noted.

Eminem and Snoop Dogg, who are both returning to the MTV show after more than a decade, are up for “Best Hip Hop” with their hit collabo.

The video for the “From the D to the LBC” was released in June, and features Bored Ape NFTs of the two artists. The song has over 46 million YouTube views.

The post Eminem, Snoop Dogg to perform Bored Ape-themed ‘Otherside’ song at the VMAs appeared first on CoinJournal.

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Cowen expands digital assets team with key crypto-native hires

  • Cowen has hired former Blockchain.com Head of Institutional Development Jackie Rose and ex-Coinbase VP of Digital Asset Sales Chase Campbell.
  • The two join the investment bank’s digital assets unit Cowen Digital LLC.
  • Rose and Campbell are expected to spearhead Cowen Digital’s institutional growth.

Cowen Inc., a US-based multinational investment bank, has expanded its crypto asset arm Cowen Digital LLC via new crypto-native hires, according to details shared in a news release Thursday.

The two appointments involve former executives at crypto exchanges Coinbase and Blockchain.com, the company said, noting that they will be joining Cowen Digital LLC’s institutional sales team.

Cowen Digital eyes new growth areas

Among the executives joining the team is Director of Institutional Sales, Jackie Rose, the former Head of Institutional Business Development at Blockchain.com joins as the Director of Institutional Sales. 

She also has experience from her previous roles at Park Square Capital, The Carlyle Group, and JP Morgan.

Chase Campbell is the new Vice President of Digital Asset Sales at Cowen Digital, joining from Coinbase where he was the Institutional Sales Associate. Campbell was key to Coinbase’s DeFi, NFTs and crypto mining services as well as across traditional finance, including hedge funds, venture capital firms, asset managers, and endowments.

According to Cowen Digital, Rose and Campbell will be critical to the company’s growth initiatives, especially as it looks to expand across new areas within the ecosystem.  

Cowen launched its digital assets arm in March and eyes further expansion over the next five years amid increased interconnectedness between traditional and decentralised finance.

The post Cowen expands digital assets team with key crypto-native hires appeared first on CoinJournal.

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Thailand’s SCBX scraps $500 million acquisition of Bitkub

  • SCBX announced its acquisition of Bitkub in November last year.
  • The Thai Securities and Exchange Commission raised issues over Bitkub’s listing of a token last month.

SCBX Pcl, the oldest commercial lender in Thailand, has pulled out of a deal that would have seen the financial behemoth acquire cryptocurrency exchange Bitkub.

The lender announced that it had scrapped the $500 million acquisition plan on Thursday, reportedly over regulatory related hurdles.

SCBX planned a 51% takeover of Bitkub

A report by Reuters noted that the firm, whose parent organisation is the SCB Group, had taken the step to allow the crypto startup time to sort out all the issues around regulatory compliance.

According to SCBX, Bitkub had not resolved “various issues” relating to the recommendations and orders previously given by the Thai Securities and Exchange Commission. The bank said in a statement it was uncertain when or how long it would take the crypto platform to satisfactorily handle the said concerns.

SCBX announced plans to acquire Bitkub in November 2021, putting forth a deal that would give it a 51% stake in the firm. The firm’s subsidiary, SBCS, would have tapped into the deal to expand the lender’s crypto-related business. 

However, the completion of the deal would be subject to regulatory approvals from the SEC and Bank of Thailand, among other agencies. 

Last month, the Thai securities watchdog raised concerns over Bitkub’s listing of the native KUB token, ordering the exchange to review the process.

Bitkub and SCBX have agreed to the termination of the deal, with the exchange noting it would look to address any unresolved issues.

The post Thailand’s SCBX scraps $500 million acquisition of Bitkub appeared first on CoinJournal.