Somebody just made $10 million on a CryptoPunk disappear. Let's be clear: while I might feel a tiny sliver of sympathy, the bigger picture is far more important than one person's misfortune. This isn’t an unfortunate trade deal gone wrong, it’s the entire game rigged against American workers. This particular...
A $10 million loss. Ouch. The lede story is capturing everyone’s attention! Here’s a look at cryptoPunk NFT #3100, which recently sold for $4 million, far below its original sale price. They purchased it for 4,500 ETH (approximately $15.79 million) and sold it for 4,000 ETH (~$6.06 million). Blame is...
So, is OpenSea really all that concerned about getting “regulatory clarity” so they can innovate. Or is this action simply the latest stroke of genius by the crypto oligarchs to further consolidate their power and riches. I think it's the latter. We've seen this movie before. A dangerous industry, pretending...
The U.S. Securities and Exchange Commission (SEC) is at it again. This time, their targets are NFT marketplaces, and OpenSea is correct in pushing back. Without the health of OpenSea’s survival is pivotal, facilitating a further 10x growth. It affects the future of all innovation, creativity, and economic opportunity in...
Okay, fam, let's talk crypto. Forget the Lambo dreams for a minute. From smart contracts to supply chain solutions, we’re just scratching the surface of blockchain technology. Together, we’re creating a more equitable and inclusive world, one decentralized block at a time. By creating a socially conscious crypto portfolio. Consider...
It's a digital Wild West, isn't it? Filled with promise, yes, but likewise overflowing with treachery. As much as we’d like to sugarcoat it, let’s not kid ourselves. To have faith that a regulatory agency will come flying in on the safety mandate to save everybody is just patently ludicrous....
The SEC is at it again. This time it’s the NFT space that’s in the crosshairs, and if the regulators prevail the fallout will be disastrous for innovation. Even OpenSea, the biggest NFT marketplace in the world, seems to be crying “please, SEC, give us something to work with.” And...
Let's be blunt. OpenSea’s new found concern for “regulatory clarity” stinks more than a seven-day-old tuna fish special. They want the SEC to back off. But they argue that they are doing it for the betterment of all art NFT creators. But is it really? If so, it’s a rather...
Is the SEC really on the verge of choking digital art and innovation’s golden goose? OpenSea’s recent request to Commissioner Hester Peirce, essentially begging not to be strangled by securities regulations, should be a wake-up call. Addressing this issue goes beyond just one company. It affects the future of the...
In particular, OpenSea does not want to admit liability under the SEC’s test. They're cozying up to Commissioner Hester Peirce, asking to be excluded from securities regulations, claiming they're not really an exchange. Don't buy it. In other words, it’s not purely about innovation. It’s about carving out regulatory space...