Quote of the week: “Investors should not place too much confidence in the mere fact a company says it’s got a proof-of-reserves from an audit firm.” – Paul Munter, SEC’s acting chief accountant. Source: www.Cointelegraph.com
Alpha Sigma Capital in the News: This week Alpha Sigma Capital welcomed Patrick Martin as General Partner, Europe. Mr. Martin’s experience spans 30 years as a serial entrepreneur, venture capitalist, and investment banker. He has co-founded and scaled companies, raised and invested hundreds of millions in growth capital, and achieved many successful exits via M&A and IPOs. He is an experienced and successful investor in blockchain, digital assets, and Web3 companies through his family office comprising a portfolio of over 40 companies built over the last 5 years, as well as, half a dozen LP investments in leading venture funds. He is also on the board of BEQUANT a top digital asset prime broker in the UK. Read the press release here.
Web3 Trademark Applications Filed This Year: The United States Patent and Trademark Office licensed trademark attorney Mike Kondoudis reported that over 4,999 trademark applications had been filed in the United States for cryptocurrencies and digital-related goods and services this year. Source:
OpenSea Confirms Ban on Cuban Artists: NFT marketplace OpenSea, citing United States sanctions on Cuba, stated that it is banning digital artists from all countries sanctioned by the US. NFTcuba.ART, a project that helps Cuban artists achieve success in the NFT industry, asserted that the sanctions are being applied unfairly to Cuban artists who are living outside the island nation. Source: www.Finance.Yahoo.com
International Regulation Featuring China: This week, China announced that it is launching its first state-backed non-fungible token (NFT) marketplace. The NFT marketplace will be controlled by three state-owned and private entities. A ceremony will be held in Beijing on Sunday to celebrate the launch.
Gemini Sued by Crypto Investors: In a filing, in federal court in Manhattan, investors alleged that Gemini sold interest-bearing accounts without registering them as securities. The investors are suing Gemini and its founders, Tyler and Cameron Winklevoss, for fraud. Source: www.Marketwatch.com