Today In Crypto: Ticketmaster issues event NFTs

Ticketmaster has added the ability for event organizers to issue NFTs related to live events, a report from Dapper Labs said on Wednesday, Aug.31.

The offering has already seen over 5 million NFTs for event planners on the Flow blockchain.

The feature will allow fans to have a way to “extend their live event experience” through digital memories, which can be shared or used to access loyalty rewards.

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In other news, Credit Suisse was holding “tens of millions” of dollars in digital assets for its clients at the end of the second quarter, Coindesk wrote, as the bank complies with recent SEC guidelines that digital assets must be disclosed.

Credit Suisse said it has approximately $ 32 million in assets it described as “including digital asset protection assets,” which was not a reported category during the previous two quarters. And the bank did not specify what the assets were.

Credit Suisse did not respond to a request for comment from PYMNTS.

Meanwhile, the city of Busan, South Korea has announced plans to sign a trade agreement with cryptocurrency exchange FTX to develop a blockchain industry and the establishment of the Busan Digital Asset Exchange, according to a statement by rush.

Busan City and FTX would promote blockchain businesses, turning Busan into a “global digital financial city”.

“We plan to establish a Korean branch of FTX in Busan within the next year and FTX will actively collaborate so that Busan can become a digital financial hub city in Asia,” said Amy Woo, CEO of FTX Investment Division.

Elsewhere, European lawmakers have rejected a Green Party proposal to seek alternatives to proof-of-work (PoW) cryptocurrency mining, Coindesk reported Wednesday.

This came when MEPs refused to impose restrictions on the energy-intensive PoW consensus mechanism, which was labeled a “ban” on bitcoin.

Ernest Urtasun, a member of the green committee of the Spanish parliament, said he was disappointed that the idea was suppressed, as the proposal does not interfere with regulation in Crypto Asset Markets (MiCA).

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