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NFT Craze Enters Film World: Claude Lanzmann Documentary is First Oscar Nominee to Be Released as Digital Token (EXCLUSIVE)
Manori Ravindran, provided by
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Oscar-nominated documentary “Claude Lanzmann: Spectres of the Shoah” is the first Academy Award nominee to be released as an NFT (non-fungible token).
The film, which examines the life and work of the “Shoah” director, was a contender in the 2016 documentary short Oscar race and aired on HBO; however, it’s never been made available for public purchase, either physically or digitally.
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Enter the NFT: the latest fad in digital commerce. The tokens effectively provide a method of authenticating a piece of digital content, based on blockchain technology, allowing anyone to trace it back to the original owner. In this way, it certifies and tracks the ownership of a unique digital asset.
Bitcoin pares losses after tumbling on Elon Musk’s price remarks
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It’s widely believed that volatile weekend swings are driven by individuals trading the cryptocurrency at home.
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. Updated: 22 Feb 2021, 09:49 PM IST Bloomberg
The world’s largest cryptocurrency has been on a tear this month, propelled by purchases from Musk’s Tesla Inc. and institutional investors who say Bitcoin is an attractive alternative to gold and the dollar
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Elon Musk’s embrace of Bitcoin earlier this month week rocketed the cryptocurrency almost 50% higher to more than $58,000. His cold shoulder this weekend whipsawed the largest digital asset.
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The Malaysian courts have recognised cryptocurrency as a
security and a commodity. In the case of
Luno Pte Ltd
& Another v Robert Ong Thien Cheng (Civil Suit No.
BA-B52NCVC-389-12/2017), the Shah Alam Sessions Court held that
cryptocurrency falls within the ambit of anything under
Section 73 of the Contracts Act 1950 ( CA 1950 ) as
cryptocurrency is a form of commodity with an attached value. On
appeal, the Shah Alam High Court, in
Robert Ong Thien
Cheng v Luno Pte & Another (Civil Appeal No.
12BNCVC-91-10-2018), upheld the Sessions Court s ruling.
SC says registered three operators to establish, operate digital asset exchanges theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.