Bitcoin

Bitcoin Daily: KODAKCoin Inks Deal With Race Car Champion, SEC Token Sale Filings Rise To New High

Bitcoin Daily

Race car driver Fernando Alonso of Formula One fame is turning to the blockchain to protect the rights to his visual media, CoinDesk reported. WENN Digital Inc., which partnered with Kodak in creating the KODAKCoin blockchain system, inked a deal with the champion for his personal and professional photos as well as videos.

In other news, filings related to token sales are on the rise at the U.S. Securities and Exchange Commission (SEC), CoinDesk reported. The agency has reportedly received almost 100 filings for token sales over the past year. In May alone, the SEC received 15 filings – an unsurpassed high.

And the SEC has charged two individuals in Nevada with the alleged illegal profiting of the sale of restricted shares in a Hong Kong blockchain company, also reported by CoinDesk. An attorney and a business affairs manager reportedly made $1.4 million by selling shares in the company.

On another note, PeerStream told the SEC it is seeking to raise up to $5 million with a Nasdaq public offering, Nasdaq reported. The company, which provides blockchain-powered software for video streaming dating services and businesses, intends to list on the exchange with the symbol of PEER. (The company currently trades on the OTCQB under the same ticker symbol.)

And the “Wolf Of Wall Street” is warning investors to unload bitcoin from their portfolios, CNBC reported. “Get out if you don’t want to lose all of your money because … there’s a very good chance it’s going to crack,” Jordan Belfort, the ex-broker who was portrayed in the Martin Scorsese film, told the outlet.

In other news, the blockchain has all sorts of applications beyond cryptocurrency, Nikkei Asian Review reported. Input Output HK (IOHK), for example, seeks to use the technology to increase transparency in Ethiopia’s coffee supply chain and to track land ownership in Africa.

And a marketplace for luxury goods is giving a discount to customers who pay in crypto, bitcoin.com reported. Those who pay with bitcoin or bitcoin cash at Fancy.com can receive a 3 percent discount on the site. The retailer made the move because it doesn’t pay for fraud protection fees or credit card processing on transactions made with crypto.

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