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Former President Donald Trump provided details about CIC Digital LLC, a company that receives licensing fees for utilizing his likeness on non-fungible tokens (NFTs).

What Happened: The disclosure revealed that CIC Digital LLC possesses a US bank account with a balance of less than $1,000.

Additionally, the company holds an Ethereum ETH/USD wallet containing an estimated value ranging from $250,000 to $500,000, Bloomberg reported.

These details were part of a revised financial filing submitted by Trump on July 13. The filing provides specifics on almost one hundred income sources, totaling over $1.2 billion.

The sources of income include foreign business activities, speaking fees, and earnings generated from a Florida-based golf course. Melania Trump, the former First Lady, reported earning $1.2 million from her speaking engagements.

See More: A Stay At The Floating Palace From James Bond's Octopussy

Why It Matters: In the realm of NFTs, data from OpenSea reveals a notable increase in sales of Trump-branded digital assets. The sale volume of the Trump NFT Trading Cards saw a surge of 17%, while the floor price experienced a modest 2% rise, trading at 4.18 ETH.

It is also worth noting that the former President garnered a six-figure income from NFT sales in 2022. His financial disclosure form, made public by the watchdog group CREW in April, discloses earnings ranging from $100,001 to $1 million from NFT transactions.

In December 2022, Trump made headlines by announcing his debut NFT collection, consisting of digital trading cards portraying cartoon illustrations of himself in heroic poses and outfits. The collection featured unique cards, including one showcasing him in a spacesuit donning sunglasses, and another depicting him as a superhero shooting lasers from his eyes.

Priced at $99 per card, the former president touted the release as a major announcement. The collection of 45,000 NFTs completely sold out within a day, as reported by the hosting website.

Price Action: At the time of writing, ETH was trading at $2,009 up 8% in the last 24 hours, data from Benzinga Pro shows.

Read Next: Bitcoin, Ethereum, Dogecoin Fall After CPI Data Comes Out: Analyst Foresees Deeper Decline For King Crypto After This Savage Move
Join Benzingas Future of Crypto in NYC on Nov. 14, 2023, to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!

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Entertainment

Kneecap rapper Mo Chara says he’s a ‘free man’ as band draw huge Glastonbury crowd

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Kneecap rapper Mo Chara says he's a 'free man' as band draw huge Glastonbury crowd

Kneecap rapper Liam Og O hAnnaidh told Glastonbury he is a “free man” as the Irish rap band played to a huge crowd – the biggest of their career, they said.

The trio were defiant on stage after calls from some politicians for them to be cut from the line-up.

They were greeted by cheers of support, and dozens of Palestinian flags waving in the crowd, as well as Irish flags and a few “Free Mo Chara” T-shirts.

DJ Provai of Kneecap. Pic: Reuters
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J J O Dochartaigh, aka DJ Provai. Pic: Reuters

Crowd and flags at Glastonbury. Pic: Reuters
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The trio drew a big crowd to the West Holts stage. Pic: Reuters

On stage, the band told fans their legal case had been stressful, but emphasised it was nothing compared with what Palestinians are going through.

Kneecap played the West Holts stage, which has a capacity of about 30,000, and the area was closed by security about 45 minutes before their set.

Moglai Bap and Mo Chara of Kneecap perform at Glastonbury. Pic: Reuters
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O hAnnaidh and Naoise O Caireallain, aka Moglai Bap (right) . Pic: Reuters

A reveller wears a balaclava in the colours of the Irish flag. Pic: Reuters
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A reveller wears a balaclava in the colours of the Irish flag. Pic: Reuters

They started with a montage of news readers covering O hAnnaidh’s charge. “Has anybody been watching the news?” bandmate Naoise O Caireallain joked.

They also thanked Glastonbury organisers Michael Eavis and daughter Emily for not bowing to pressure to remove them from the bill.

Earlier on Saturday, the BBC confirmed they would not be live-streaming the set but said the performance is likely to be made available on-demand later.

It is understood the performance will need to be reviewed beforehand.

Kneecap's Liam Og O Hannaidh leaves Westminster Magistrates' Court in London
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O hAnnaidh outside Westminster Magistrates’ Court in London earlier this month. Pic: PA

Liam Og O hAnnaidh, also known as Liam O’Hanna – or by his stage name Mo Chara, was charged with a terror offence in May and appeared at Westminster Magistrates’ Court earlier this month.

Outside the court, he and bandmates Naoise O Caireallain and JJ O Dochartaigh were cheered by hundreds of supporters.

O hAnnaidh is accused of displaying a flag in support of the proscribed group Hezbollah at a gig in London last November, after video footage circulated online.

He was released on bail ahead of a second court appearance in August.

One of the band’s lawyers said they would always “defend not only their rights, but the rights of artists and people all around the world”.

Supporters of Kneecap's Liam Og O Hannaidh outside Westminster Magistrates' Court in London, where he is appearing charged with a terrorism offence. The 27-year-old from Belfast, who performs under the stage name Mo Chara and is also known as Liam O'Hanna, has been charged with a terrorism offence relating to displaying a flag in support of Hezbollah at a gig at the O2 Forum in Kentish Town on November 21. Picture date: Wednesday June 18, 2025. PA Photo. Photo credit should read: Jordan Pettitt/PA Wire
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Supporters gathered outside the court. Pic: PA

On social media, O hAnnaidh and the band denied support for Hezbollah after the charge was announced, but the trio are unwavering in their support for Palestinians and speaking out against the war in Gaza.

But as the band were removed from other festivals, there were calls from some for them to be taken off the bill at Glastonbury, too – with Prime Minister Sir Keir Starmer saying he thought they should be axed.

Conservative Party leader Kemi Badenoch also said the BBC “should not be showing” the trio’s set in a post on social media last week.

Kneecap have the support of dozens of musicians including Massive Attack, Pulp, Primal Scream and Paul Weller, who signed an open letter in May saying there had been a “concerted attempt to censor and ultimately de-platform” the group.

Read more:
‘Prime ministers and pop music don’t go together’
Lewis Capaldi plays emotional ‘secret’ set at Glastonbury
Robbie Williams addresses Glastonbury rumours

Kneecap released their first single in 2017 and built a loyal fanbase in the following years.

They rose to wider prominence in 2024 following the release of their debut album and award-winning eponymous film – a fictionalised retelling of how the band came together and their fight to save the Irish language.

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Business

Spanish-owned Scottish Power sparks merger talks with Ovo Energy

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Spanish-owned Scottish Power sparks merger talks with Ovo Energy

Scottish Power, the Spanish-owned energy supplier, and larger rival Ovo Energy have begun holding exploratory talks about a merger that would create a company serving more than six million British households.

Sky News has learnt that executives from Iberdrola, which owns Scottish Power, and Ovo have been engaged in preliminary discussions in recent weeks about the possibility of a deal.

The talks are at an early stage and any formal transaction would be months away, if it materialised at all.

If the two companies do agree a merger of their residential gas and electricity operations, it would create the third-largest supplier behind Centrica-owned British Gas and Octopus Energy.

As the larger company, with 4 million customers, Ovo would probably be the acquiring entity, but with Iberdrola potentially contributing cash and remaining as a shareholder in the enlarged group, according to one banking source.

Scottish Power serves about 2.4 million households.

The discussions between the two companies are running in parallel to a separate process through which Ovo is exploring the potential to raise roughly £300m from the sale of new shares in the company, according to industry sources.

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In recent weeks, a number of financial investors have been contacted by Rothschild, the investment bank advising Ovo, about the opportunity.

Exactly a year ago, Sky News revealed that Ovo had hired Rothschild to explore options, including bringing in a new investor or a sale, 15 years after it launched in a bid to challenge the industry’s oligopoly.

Founded by Stephen Fitzpatrick, the entrepreneur who now owns London’s Kensington Roof Gardens, Ovo’s shareholders include the private equity firm Mayfair Equity Partners, Morgan Stanley Investment Management and Mitsubishi Corporation, the Japanese conglomerate.

Under Mr Fitzpatrick, who launched Ovo in 2009, the company positioned itself as a challenger brand offering superior service to the industry’s established players.

Ovo’s transformational moment came in 2020, when it bought the retail supply arm of SSE, transforming it overnight into one of Britain’s leading energy companies.

Read more from Sky News:
Compensation over prepayment meters
Energy prices could be slashed
Ovo Energy buys brand from founder

Its growth has not been without difficulties, however, particularly in relation to its challenged relationship with Ofgem and a torrent of customer complaints about overcharging.

Justin King, the former J Sainsbury chief who now chairs Ovo, has made repairing its regulatory relationships a priority for the company.

He also oversaw the recruitment of David Buttress, who was briefly Boris Johnson’s cost-of-living tsar after leaving the top job at Just Eat, as its chief executive.

Key to Ovo’s longer-term valuation will be the performance of its technology platform, Kaluza, which was set up to license software to other energy suppliers and provides customers with smart electric vehicle charging and heat pumps.

Ovo announced last year that AGL Energy, one of Australia’s biggest energy suppliers, had bought a 20% stake in Kaluza at a $500m (£395m) valuation.

The British energy company has also entered the electric vehicle car charging sector under the brand Charge Anywhere, adding tens of thousands of public charging points across the UK.

Iberdrola bought Scottish Power in 2007 in a deal valuing the company at more than £11bn.

Next week, the UK’s energy price cap will fall by 7% to £1,720 a year, following an announcement by Ofgem, the industry regulator.

Ovo and Scottish Power both declined to comment.

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Technology

Stablecoins go mainstream: Why banks and credit card firms are issuing their own crypto tokens

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Stablecoins go mainstream: Why banks and credit card firms are issuing their own crypto tokens

A $44 billion IPO. A Senate bill with bipartisan momentum. And now, a wave of Fortune 500 firms launching crypto tokens of their own.

Stablecoins — once a niche corner of the cryptocurrency world — are entering the corporate and policy mainstream, potentially reshaping how money moves in the United States and around the world.

“Many of the users out there today are not aware of stablecoins, or not interested in stablecoins, and they should not be,” said Jose Fernandez da Ponte, PayPal’s SVP of blockchain, crypto and digital currencies. “It should just be a way in which you move value, and in many cases, is going to be an infrastructure layer.”

For corporations, stablecoins are an opportunity to slash millions in transaction fees and turbocharge payment infrastructure with instantaneous settlement.

Stablecoins ‘mature’

USDC issuer Circle’s long-awaited public debut exposed a wave of pent-up demand for digital dollars as investors sent the stock soaring as much as 750% in June. Partnerships, and competition, quickly followed.

Coinbase announced a deal with e-commerce platform Shopify to bring USDC payments to merchants. Payments firm Fiserv announced a stablecoin to pair with the 90 billion transactions it processes every year.

“We’re entering the utility phase right now, where the technology has matured. It’s gotten fast, it’s gotten cheap,” said Jesse Pollak, head of base and wallet at Coinbase. “It’s gotten easy to use, and that’s leading to real-world adoption across businesses and consumers.”

Base is Coinbase’s Ethereum layer-2 network, designed to make blockchain applications faster, cheaper, and more accessible to developers and users.

Merchants are a particular focus for stablecoins, as payment processing fees for these businesses totaled a record $187.2 billion in 2024, according to the Nilson Report. Payment companies are looking to fend off potential disruption by stablecoin issuers.

Stablecoins in payments

Mastercard this week announced support for four stablecoins on its Multi-Token Network. The private blockchain is targeted toward institutions and promises 24-hour settlement.

Visa’s CEO told CNBC the payment processor is modernizing its infrastructure with the help of stablecoins.

“Visa and MasterCard are leaning into the disruption,” said Nic Carter, founding partner at Castle Island Ventures. “They’re trying to disrupt themselves, so they seem to be ahead of the curve.”

JPMorgan took a slightly different approach to the crypto token boom on Wall Street. The financial giant launched a token backed by commercial bank deposits rather than U.S. dollars.

JPMorgan’s Naveen Mallela, global co-head of Kinexys, the bank’s blockchain unit, told CNBC the JPMD token would allow for round-the-clock settlement for institutional clients looking for faster, cheaper transactions while staying connected to the traditional banking system.

Stablecoins in D.C.

The boom in crypto adoption on Wall Street is bolstered by growing support in Washington.

The Senate passed its framework of rules for stablecoins, called the GENIUS Act. The bill includes guidelines for consumer protections, reserve requirements for issuers, and anti-money laundering guidance.

Stablecoins and other cryptocurrencies have faced criticism for their use in illicit activity, and some Democrats argue the bill doesn’t do enough to address those concerns. Those lawmakers also argue the bill doesn’t curtail conflicts of interest, including the recent launch of a stablecoin tied to President Donald Trump through World Liberty Financial.

The crypto-focused firm run by his family is behind the dollar-pegged token USD1.

When asked about Trump’s ties to crypto projects in his name, the White House told CNBC there are no conflicts of interest and the president’s assets are in a trust managed by his children.

“I think it was a mistake for Trump to have a Trump-affiliated DeFi project issue a stablecoin. I think that really set back his stablecoin legislative agenda,” Carter said. “I think we could do it a lot more in terms of tackling these conflicts of interest. And I completely understand the Democrats when they try and weed this out.”

Watch the video above to learn why corporate giants are racing to launch their own crypto tokens

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