The PGA, golf’s premier professional tour, has partnered with U.S. football quarterback Tom Brady’s non-fungible token (NFT) marketplace Autograph to create its own dedicated NFT platform. The multi-year tie-up will lead to NFT content created from the PGA’s archive of videos and player data, with all of the platform’s revenue going back into the players’ pockets, according to a report from Sportico. The new NFT platform is set to launch sometime in early 2023. The golf tour joins other major sporting leagues to ink long-term NFT deals, though it’s the first to do so with Autograph. The National Football League (NFL) and National Basketball Association (NBA) both have long-term NFT marketplace deals with Flow blockchain creator Dapper Labs, while Major League Baseball (MLB) sports an NFT partnership with Candy Digital. The English Premier League in soccer is also expanding into the space. . . Follow @stoccoin for daily posts about cryptocurrencies and stocks. NOTE: This post is not financial advice for you to buy the crypto(s) or stock(s) mentioned. Do your own research and invest at your own will if you want. This also applies to stock(s) or crypto(s), which you see in our stories. Thanks for reading folks! IGNORE THE HASHTAGS: #stoccoin #pgatour #nft #golf #autograph #crypto #stocks #stockmarket #bitcoin #cryptocurrency #btc #metaverse #sensex #nifty50 #bse #nse #banknifty #usd #investments #finance https://www.instagram.com/p/CitqWzgvIip/?igshid=NGJjMDIxMWI=

The Inflation Reduction Act's new $7,500 tax credit for electric vehicles could be a major tailwind to @teslamotors stock and the company's bottom line, contends CFRA analyst Garrett Nelson. "The signing of the Inflation Reduction Act was the equivalent of 'Christmas in August' for Elon Musk & Co., as we peg Tesla as the biggest winner from the new law, as most versions of the industry's two bestselling EVS (Tesla's Model Y and Model 3) become eligible for the $7,500 federal EV tax credit effective January 1, 2023," Nelson wrote in a note to clients. "Previously, all Tesla vehicles had phased out of tax credit eligibility after hitting the 200K units per manufacturer cap." Nelson lifted his price target on Tesla's stock to $1,245 from $1,125, which now assumes a 43% upside from current trading levels. Tesla's stock is Nelson's top pick from the auto sector. The Inflation Reduction Act serves up a $7,500 tax credit to consumers for EVS priced up to $80,000 for trucks and $55,000 for cars. To qualify for the tax credit, buyers must earn less than $150,000 in household income if single or $300,000 as a household if married. The tax credit applies only to EVs assembled in North America. Follow @stoccoin for daily posts about cryptocurrencies and stocks. NOTE: This post is not financial advice for you to buy the crypto(s) or stock(s) mentioned. Do your own research and invest at your own will if you want. This also applies to stock(s) or crypto(s), which you see in our stories. Thanks for reading folks! IGNORE THE HASHTAGS: #stoccoin #tesla #elonmusk #share #stock #crypto #stocks #stockmarket #bitcoin #cryptocurrency #btc #metaverse #nft #sensex #nifty50 #bse #nse #banknifty #usd #investments #finance https://www.instagram.com/p/Cho856fvWgx/?igshid=NGJjMDIxMWI=

An expensive Ethereum NFT, CryptoPunk #8611, was purchased for approximately $95,000 and later burned, symbolically tied to a Bitcoin NFT-like asset.

The decision to destroy CryptoPunk #8611 was led by the community, involving Wolf Capital Developer Nathan Stein and Bitcoin Bandits holders. Around 150 people contributed to the effort.

CryptoPunk #8611, a high-priced NFT, was permanently removed from circulation, creating a connection to an inscription on a Bitcoin NFT-like asset, with the community actively participating in the initiative.

Shares of Silvergate Capital Corp (SI.N) fell as much as 11% after the bank suspended its crypto payments network and expressed doubts over the viability of its business. The stock closed the volatile session 6.4% lower at $5.40, after wild swings between gains and losses through the day. Several crypto stocks also closed in negative territory. Crypto lending peer Signature Bank (SBNY.O) was down 2.5%. BTC mining machine makers Ebang International and Canaan Inc (CAN.O) dropped 2.8% and 8.4%, respectively. BTC buyer MicroStrategy (MSTR.O) declined 3.8% and exchange Coinbase Global (COIN.O) slipped 2.7%. #Stoccoin #Silvergate #Crypto #BTC https://www.instagram.com/p/Cpfq8bKvnxa/?igshid=NGJjMDIxMWI=

Uniswap Labs, which backs the top decentralized exchange (DEX) on Ethereum, is planning to launch a mobile crypto wallet for iPhone users, but Apple (AAPL) seems to have other ideas. (@apple) “Apple won’t yet green-light our launch and we don’t know why – we’ve responded to their concerns, answered every question and reiterated that we are 100% compliant with their specifications,” a spokesperson for Uniswap Labs told CoinDesk. The unexplained delay may add to Apple’s perception as a hardline gatekeeper in regulating the crypto world’s access to iOS, its mobile software ecosystem. The iPhone maker has refused to adapt its commerce policies to accommodate some crypto companies and also bans crypto trading apps that don’t use an “approved exchange.” #Stoccoin #Uniswap #Apple https://www.instagram.com/p/CpaUZCDPyaw/?igshid=NGJjMDIxMWI=

The promoters of Adani Group sold shares worth Rs 15,446 crore in four listed entities to GQG Partners, a US-based global equity investment boutique firm. The promoters plan to use the proceeds to retire debt and for other corporate purposes. The promoters sold shares in Adani Enterprises worth Rs 5,460 crore, and shares worth Rs 5,282 crore in Adani Ports & SEZ. They also sold shares worth Rs 2,806 crore in Adani Green Energy and Rs 1,898 crore in electricity distributor Adani Transmission. Following the sale, shares of all Adani listed companies surged, with flagship Adani Enterprises shares closing 2.7 per cent up at Rs 1,607 a share. #Stoccoin #Adani #GQGPartners https://www.instagram.com/p/CpSxZsIPYsy/?igshid=NGJjMDIxMWI=

Argentina-based Ripio integrates Polygon as it seeks to launch its own B2B blockchain. In addition to integrating Ripio’s swap and wallet products, Polygon Labs will also assist Ripio as it seeks to build its own business-to-business blockchain. Last October, Polygon partnered with Latin American-based digital banking platform Nubank as the Brazilian fintech giant pursues the launch of its own cryptocurrency token Nucoin. #Stoccoin #Polygon #Rivio https://www.instagram.com/p/CpP8eONtR9b/?igshid=NGJjMDIxMWI=

Olectra Greentech's stock price surged more than 17 percent in the morning trade on after the company announced its partnership with Reliance Industries to develop hydrogen buses. The development of a fully carbon-free alternative to traditional public transport is a significant step towards achieving India's carbon-free hydrogen ambitions, and it could have a positive impact on the environment by reducing air pollution and emissions, the company said. Olectra's technical partnership with Reliance Industries is expected to accelerate the development of hydrogen-powered buses and offer the next-generation transport system to the Indian market. #Stoccoin #Reliance #Olectra https://www.instagram.com/p/CpLMFcvBpLu/?igshid=NGJjMDIxMWI=

Nadeam Nahas, 39, who was an assistant facilities director in Cohasset, pleaded not guilty in court. He is charged with fraudulent use of electricity and vandalising Cohasset High School, just outside Boston. Crypto is digital currency that can be "mined" through specialised computer processors. Because of the heavy computer calculations needed to verify transactions, such mining uses huge amounts of electricity. Authorities were first alerted to the possible crypto-mining operation in December 2021, said Cohasset Police Chief William Quigley in a statement to the BBC. Mr Quigley said the operation was being run from a remote crawl space that was discovered beneath Cohasset High School by its director of facilities. #Stoccoin #CryptoMining #Illegal https://www.instagram.com/p/CpHG3A0vNhg/?igshid=NGJjMDIxMWI=

Not many on the Dalal Street would have anticipated the fallout of Hindenburg Research January 24 report, which the Adani group said was triggered purely due to selfish motives, to be as severe as it has turned out for the group shares. Within a month of its publication by what was an unknown short-seller to Indian investors then, many of Adani group stocks including Adani Total Gas, Adani Green Energy and Adani Transmission were trading at their multi-year lows, with the group losing over $145 billion in wealth. #Stoccoin #Adani #Hindenburg https://www.instagram.com/p/CpDk_C9hF4s/?igshid=NGJjMDIxMWI=

The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto community members quickly fired back and expressed disagreement on Twitter. The IMF’s executive board recently endorsed a crypto asset policy framework that did not grant crypto assets an official currency or legal tender status. The executives agreed with the framework and highlighted that it’s a necessary move to safeguard monetary stability. #Stoccoin #IMF #Legal https://www.instagram.com/p/CpDD6b_h1cB/?igshid=NGJjMDIxMWI=

The UK has surpassed India as the world’s sixth-largest equity market for the first time in almost nine months as a weaker pound boosted the appeal of heavyweight exporters trading in London and Adani Group-led jitters weighed on stocks in Mumbai. The combined market capitalization of primary listings in the UK, excluding ETFs and ADRs, reached about $3.11 trillion on Tuesday, some $5.1 billion higher than their Indian equivalents, according to data compiled by Bloomberg. That hasn’t happened since May 29. #Stoccoin #India #UK #StockMarket https://www.instagram.com/p/CpCDrFxhNCt/?igshid=NGJjMDIxMWI=

Cryptocurrency exchange CoinEx has been sued by New York Attorney General Letitia James, who alleges the firm falsely represented itself as an exchange by failing to register as a securities and commodities broker-dealer in the state. A 38-page petition filed by James in the New York Supreme Court on Feb. 22 alleged CoinEx “engaged in repeated and persistent fraudulent practices” and violated the state’s Martin Act — considered one of the most strict anti-fraud and securities regulation laws in the United States. The Attorney General’s Office created a CoinEx account with a New York-based computer and internet address and alleged it was able to trade on the platform. #Stoccoin #CoinEx #NewYork https://www.instagram.com/p/CpAI2FEt_Fe/?igshid=NGJjMDIxMWI=

Billionaire Mukesh Ambani’s conglomerate will stream Indian Premier League cricket games for free, according to people familiar with the matter, using its exclusive rights to one of the world’s most-watched sporting events to challenge Walt Disney Co. and Amazon.com Inc. in India’s booming media market. Viacom18 Media Pvt., the joint venture between Paramount Global and Ambani’s conglomerate Reliance Industries Ltd., licensed the IPL streaming rights last year for $2.7 billion, fending off competitors Disney and Sony Group Corp. Disney previously had those rights, and used them to drive subscribers to its streaming service, Disney Hotstar. #Stoccoin #JioCinema #MukeshAmbani #IPL #Hotstar https://www.instagram.com/p/Co9L_nKvTcx/?igshid=NGJjMDIxMWI=

Conflux Network's CFX price has surged by 1,335% YTD, reaching $0.3254, its highest level in 14 months. This makes it one of the top-performing cryptocurrencies in 2023, outpacing the market capitalization of crypto assets. The surge in CFX's price can be attributed to its strong fundamentals, including a regulatory-compliant, public and permissionless blockchain, and a hybrid proof-of-work and proof-of-stake mechanism. Additionally, its recent partnership with Little Red Book has opened up access to its services to 200 million users. #Stoccoin #CFX #Pump https://www.instagram.com/p/Co7UkJbPWcu/?igshid=NGJjMDIxMWI=

The combined market value of Adani group shares plunged below $100 billion following a scathing report by a US short-seller. (@adanionline) The ports-to-power conglomerate has lost more than $135 billion in market capitalisation since January 24 when a Hindenburg Research report accused it of accounting fraud and stock manipulation that Adani Group denied repeatedly. The $135-billion loss marks a significant drop from the conglomerate's peak market capitalization in September 2022, taking the total erosion beyond $200 billion. #Stoccoin #AdaniGroup #Hindenburg #Adani https://www.instagram.com/p/Co6cht2vEL5/?igshid=NGJjMDIxMWI=