Quote of the week: “With those ultra-low cap deals, wow you get a hold of one of those things at the right time you can make just massive, massive money. But on the flip side of that you’re playing in someone’s playground, you know you’re not the house, they’re the house.”- Jordan Belfort, former stockbroker, known colloquially as the “Wolf of Wall Street.” Source: https://cointelegraph.com/
Ticketmaster Partners with Dapper Labs: This week, a partnership was formed between Ticketmaster and Dapper Labs’ Flow Blockchain. Through Ticketmaster, event organizers will be able to distribute NFTs before, during, and after live events. Over the last couple of months, Ticketmaster has made several moves to integrate NFTs; Ticketmaster has integrated a wallet feature and digital marketplace into its website. Source: https://www.coindesk.com/
International Regulation Featuring Uruguay: Mario Abdo Benitez, Paraguay’s president, vetoed a bill proposing cryptocurrency regulation revolving around mining and trading in its country. The bill will be sent back to the National Congress for ratification. Source: https://finance.yahoo.com/
Meta Moves Forward with NFT Integration: Meta announced that Facebook and Instagram users can now post NFTs from digital wallets. Individuals will be able to connect their digital wallets to the apps and share their digital collectibles. Users will be able to post digital collectibles to their accounts minted on the Flow blockchain or from wallets supporting Ethereum or Polygon blockchains. Source: https://cointelegraph.com/
Crypto.com Makes a Big Mistake: Crypto.com accidentally sent an individual $10 million instead of refunding the individual $100. As a result, the individual went out and bought a mansion with the funds. The lawsuit is ongoing; however, the individual was ordered to sell the property and return the remaining funds or face potential contempt of court charges. Source: https://www.marketwatch.com/
Domestic Regulation Featuring California: The California State Assembly passed a bill for the licensing and regulation of cryptocurrency firms. The bill, known as the Digital Financial Assets Law, requires digital asset exchanges and cryptocurrency-based companies to have a license of operation in the state of California. The bill was sent to Governor Gavin Newsom for veto or approval. Source: https://www.coindesk.com/