CoinMarketCap Daily, Sept. 17: Heads Roll Over NFT 'Insider Trading'
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CoinMarketCap Daily, Sept. 17: Heads Roll Over NFT 'Insider Trading'

10mo ago

Plus... a blockbuster announcement about a big company accepting crypto as a payment method.

CoinMarketCap Daily, Sept. 17: Heads Roll Over NFT 'Insider Trading'

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OpenSea Employee Resigns Over NFT Scandal 👋

The NFT marketplace OpenSea has requested and accepted the resignation of an employee who bought collectibles before they were promoted on its homepage — and later sold them for profit. Head of product Nate Chastain was accused of engaging in the practice. His Twitter bio has now been updated to reflect that he's left the company. Read more.

U.S. Treasury Plans Crypto Crackdown ❌

The U.S. Treasury has reportedly identified the most urgent risks posed by Tether and other stablecoins. Recommendations concerning the stricter oversight of cryptocurrencies are expected in weeks. According to Bloomberg, ensuring investors can reliably move money in and out of tokens is a concern — and that stablecoins can scale up dangerously fast. The latest.

Institutional Interest in Crypto 'Growing Fast'  💶

A new study of large institutional investors found almost 90% find digital assets appealing. Fidelity Digital Assets says those in Asia are most likely to have taken the plunge — followed by Europe and the U.S. In some cases, forward-thinking institutions are also embracing digital assets other than Bitcoin. Here's what the research found.

AMC Theaters to Accept Four Cryptocurrencies 🚀

AMC Theaters has announced it plans to accept Ether, Bitcoin Cash and Litecoin for ticket purchases by the end of this year, in addition to Bitcoin. The company operated 959 cinemas around the world as of 2020. But some crypto enthusiasts think AMC has missed a trick by opting not to embrace Dogecoin instead. Read our story.

What Happened in NFTs This Week 🔥

The past week has been quite interesting for the non-fungible tokens (NFTs) and play-to-earn (P2E) market. Take a look at our recap of the latest developments. Google has partnered with a popular NFT marketplace — and multiple projects have attracted multimillion-dollar investments. Find out more on CoinMarketCap Alexandria.
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