Daily Archives: April 24, 2023, 7:54 am

Ex-OpenSea manager’s trial kicks off in first NFT insider trading case | Reuters

U.S. prosecutors will square off this week against a former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), whom they accuse of insider trading. The charges against Nathaniel Chastain, a former OpenSea product manager, were the first in a series of high-profile cases related to digital assets launched by the Manhattan U.S. Attorney’s office last year. It…

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Accountant Shortage Leaves Some US Cities Without Credit Ratings – Bloomberg

A growing shortage of accountants has exacerbated issues for Marion and plagued dozens of cities and counties across the US. Marion saw its general obligation debt rating downgraded two notches in June and has struggled to file its financials on time. Other municipalities have recently seen their bond ratings deteriorate or disappear, threatening their ability to finance projects and borrow…

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Bitcoin Price: What is ‘Halving’ and Will It Boost Cryptocurrency’s Value? – Bloomberg

Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in a matter of minutes. Those changes are often mysterious to market observers, given the digital currency’s lack of fundamentals, or ties to the real economy. Bitcoin has another quirk, one that was built into the code that gave…

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