Bitcoin Daily: Coca-Cola To Auction NFTs As A Fundraiser; Israel Eyes Requiring Crypto Investors To Report Holdings Over $61,000

Coca-Cola has debuted a nonfungible token (NFT) collection in celebration of International Friendship Day July 30, according to a press release.

The event will see a four-day auction on OpenSea, the release stated. The proceeds will go toward Special Olympics International.

There are four pieces in the collection which will be auctioned as a single lot, according to the release. They will come packaged as a loot box, a play on a popular video game feature involving prizes sealed in mysterious packages.

In other news, an Israeli bill will force cryptocurrency investors to report crypto holdings above roughly $61,000 (200,000 new Israeli shekels) for tax authorities, CoinDesk reported.

A section in the bill dedicated to the increased supervision of digital assets is intended to optimize the tax collection from the use of cryptos, according to CoinDesk.

The bill is opposed by the Israeli Bitcoin Association (IBA), CoinDesk reported.

Ben Samocha, founder of Israeli crypto community CryptoTalks and crypto learning platform CryptoJungle, said per CoinDesk that the Israeli crypto community hopes “regulators can come to their senses and work with local blockchain entrepreneurs and users in order to do this the right way.”

Meanwhile, Genesis Digital Assets, an industrial-scale bitcoin miner, has announced an equity funding round for $125 million, according to a press release.

The equity round will help the company with “aggressive expansion plans,” the release stated.

U.K.-based private equity Kingsway Capital was behind the round, according to the release. Kingsway CEO Manuel Stotz said bitcoin “is going to be the most important technology for financial inclusion of the global poor and unbanked and mining provides security to make this possible.”

Lastly, the Dallas Symphony Orchestra has crafted NFTs, and it is offering them on Rarible, an NFT marketplace, CoinDesk reported.

The NFTs from the orchestra celebrate the historic events in which DSO music director Fabio Luisi and MET Orchestra musicians played Mahler’s First Symphony before a live audience, according to CoinDesk. That was the first time many non-DSO musicians performed for a live audience since the beginning of the pandemic.