This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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You might remember that former Product Manager at OpenSea who used an insider trading scheme to buy up-and-coming NFT collections and sell them for a tidy profit? Well his defense has come up with a strategy that just might help him beat the case — — don’t call it “insider trading”.
Nathanial Chastain’s legal defense team sent a motion to the prosecutors to remove any and all mentions of the phrase “insider trading” because of its’ “inflammatory” nature and the fact that insider trading relates to securities, not NFTs. Prosecutors fired right back claiming the phrase is accurate based on the crimes committed.
This sounds like someone desperately struggling while slowly sinking in quicksand. I don’t think any jury will look at insider trading (securities, or not) with a sympathetic view point. No one likes to get scammed, and thats exactly what Chastain did with the position he held. Sorry Nathan, looks like you made a bad decision and justice will be served.
Written by: nikethereum.eth / Medium / Mirror
You might remember that former Product Manager at OpenSea who used an insider trading scheme to buy up-and-coming NFT collections and sell them for a tidy profit? Well his defense has come up with a strategy that just might help him beat the case — — don’t call it “insider trading”.
Nathanial Chastain’s legal defense team sent a motion to the prosecutors to remove any and all mentions of the phrase “insider trading” because of its’ “inflammatory” nature and the fact that insider trading relates to securities, not NFTs. Prosecutors fired right back claiming the phrase is accurate based on the crimes committed.
This sounds like someone desperately struggling while slowly sinking in quicksand. I don’t think any jury will look at insider trading (securities, or not) with a sympathetic view point. No one likes to get scammed, and thats exactly what Chastain did with the position he held. Sorry Nathan, looks like you made a bad decision and justice will be served.
Written by: nikethereum.eth / Medium / Mirror
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