NFTs
Legal
Ex-OpenSea exec dodges insider trading charge, wire fraud trial to continue
Judge Jesse Furman said that since insider trading charges must involve securities or commodities, the usage of the phrase "insider trading" in Chastain's case is misleading.
Parachains
Polkadot ecosystem falls 2.9% after founder Gavin Wood steps down as Parity CEO
Following Wood's departure, Parity co-founder Bjorn Wagner will take over as the new CEO.
Bankruptcy
Collapsed crypto exchange ACX used $20M of customers fund for business loan
ACX made withdrawals from a pool of funds collectively owned by customers and the company to fund business endeavors owned by Blockchain Group.
Regulation
CFTC aggressively enforced actions against 18 crypto-related cases in 2022
The CFTC reportedly imposed over $2.5 billion as fines against 82 legal actions with crypto cases accounting for over 20%.
Regulation
FDIC acting chairman wants stablecoins to be safer before integration into financial system
Acting FDIC Chairman Martin Gruenberg said that stablecoins could disrupt the banking system if properly regulated and integrated into the mainstream economy.
People
Sam Bankman-Fried proposes standard for sanctions, licensing for DeFi protocols
SBF said that DeFi protocols hosting websites and marketing products to U.S. retail investors may need some level of licensing and KYC obligations.
Crypto
CryptoSlate Wrapped Daily: IRS classifies NFTs as digital assets; retail investors group seeks to track down Do Kwon
Cardano NFTs could be next gold rush as ‘Ford Edwards’ sells for $65,000, Terra Classic community reduces tax burn to 0.2%, and much more in this edition of CryptoSlate Wrapped Daily.
People
UK Financial Policy Committee’s Carolyn Wilkins calls for improved governance, trust in crypto industry
Carolyn Wilkins said that protocols need to re-examine their decision-making process which is largely "centralized" and adopt best practices to improve their transparency so as to retain the trust of investors.
Regulation
Blockchain advocacy groups file motion to support Grayscale in lawsuit against SEC
The advocacy groups said the SEC's refusal to approve a spot Bitcoin ETF limits American investors' choice, which is a violation of the Administrative Procedures Act.
Crypto
CryptoSlate Wrapped Daily: Bitcoin held on exchanges plummets as 50K BTC leaves Coinbase; Aptos blockchain criticized on scalability
Crypto community expects Aptos blockchain to crash in price like Internet Computer, about 50,000 Bitcoins lefts Coinbase in one day and much more in this edition of CryptoSlate Wrapped Daily.
Technology
Jack Dorsey introduces AT Protocol for federated social applications
Bluesky has invited Beta testers to join the waitlist, as it prepares for the full launch of the decentralized social app.
NFTs
Roofstock sells first on-chain house as NFT for $175K
The rental property located at 149 Cottage Lake Way, Columbia was sold by transferring the Home onChain identity to an Ethereum address owned by the house buyer Adam Slipakoff.