Ripps’ claim was that it’s the blockchain that matters, the strings of alphanumeric lettering and cryptographic key sets that distinguishes a work. RR/BAYC and BAYC, which rely on the same images, are provably distinct because the tokens are. The creator’s intent only comes in after that, and has to be read into the work – not even the artist can say, in the final analysis, what it means. Source
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U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, published on Jan. 10, 2023, details that Singh met with federal prosecutors at an alleged proffer session held at the U.S. attorney’s office for the Southern District of New York. Furthermore, federal prosecutors have disclosed that the investigation into alleged fraud at FTX and involving Sam Bankman-Fried is so expansive that the prosecutor’s office in the Southern District of New York could…
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The brother of a former Coinbase product manager, Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first insider trading case involving cryptocurrency. As reported by Reuters, Nikhil Wahi pleaded guilty in September to initiating trades based on confidential information obtained from his brother, Ishan Wahi, who was a former Coinbase product manager. Ex-Coinbase manager’s brother sentenced to 10 months in insider trading case https://t.co/Kyy6DqSb9D pic.twitter.com/ruQjwr5i4h — Reuters (@Reuters) January 10, 2023 Nikhil Wahi admitted to trading…
In his letter Tuesday, Silbert said DCG has borrowed from Genesis Capital, but “these loans were always structured on an arm’s length basis and were priced at prevailing market interest rates.” Silbert said DCG has a $1.1 billion promissory note maturing in 2032 with Genesis Capital, which arose from DCG assuming its subsidiary’s bankruptcy claim against crypto hedge fund Three Arrows Capital. DCG, according to the letter, also owes the subsidiary $447.5 million (of actual U.S. dollars, not crypto) borrowed between January and May 2022 at interest rates of 10%…
The metaverse-building company is looking to leverage the digital ecosystem so big brands can expand their demographic footprint while increasing their revenue streams. Source
The crypto market is still highly unpredictable and volatile in January 2023. The market generally recorded a 0.3% decrease in the last 24 hours. But as most of the assets falter, some tokens record exponential gains. LDO, the governance token of the Lido DAO network, has increased in value in the past week. The token is up by 62.83% in weekly gains and currently trading at $1.99, a 1.31% increase in 24 hours. The Lido DAO project is a staking platform where users can stake their ETH tokens. The platform…
Place/Date: Tel Aviv, Israel – January 10th, 2023 at 7:52 pm UTC · 4 min read Source: Building Blocks Photo: Building Blocks Building Blocks 23, a web3 builder-focused event, will be hosted in central Tel Aviv on February 7, 2023. Hosted by top Israeli companies as part of ETH TLV, the one-day Building Blocks event will bring together Ethereum developers and communities. A series of workshops, panel discussions, and informal events will take place across Tel Aviv throughout ETH TLV. Building Blocks 23 organizers Collider, Fireblocks, and MarketAcross, in conjunction…
Meanwhile, asset manager Needham, which expects COIN to trade at $73 by the end of the year and kept the stock at a buy rating, wrote in a note Tuesday that the company’s headcount reductions are a “necessary step” given the uncertain volume picture this year, but said investors should remain cautious about the continuing fallout from FTX’s collapse. Source