The artists’ new NFT collection, featuring the signature Checks grid, explores the four classical elements of earth, fire, water and air. Source: https://www.coindesk.com/web3/2023/05/15/jack-butcher-expands-checks-nfts-ecosystem-with-physical-print-backed-elements-collection/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The interim distribution to users will account for 87% of the funds the collapsed exchange’s Trustee is currently holding. Source: https://www.coindesk.com/business/2023/05/12/quadriga-cx-bankruptcy-claimants-to-get-13-on-the-dollar/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail Source: https://www.coindesk.com/business/2023/05/12/bakkt-mass-delists-tokens-including-aave-avalanche-compound-filecoin-makerdao-and-uniswap/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/consensus-magazine/2023/05/12/as-bitcoin-scales-we-need-better-custodial-solutions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft. Source: https://www.coindesk.com/policy/2023/05/12/house-democrats-consider-new-stablecoin-bill-proposal-source/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance. Source: https://www.coindesk.com/business/2023/05/12/makerdao-founder-proposes-plan-for-upgraded-versions-of-dai-stablecoin-governance-token/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The indicted congressman, who wildly embellished his background, received big donations from FTX executives. That was just one strand in Bankman-Fried’s tangled influence-peddling web. Source: https://www.coindesk.com/consensus-magazine/2023/05/12/sam-bankman-frieds-ties-to-george-santos-are-just-the-beginning/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Co-founder Andy Chorlian tweeted that the decision was made after “carefully analyzing possible market scenarios, our company structure and our financial situation.” Source: https://www.coindesk.com/web3/2023/05/12/paradigm-backed-nft-ownership-platform-tessera-is-shutting-down/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now. Source: https://www.coindesk.com/tech/2023/05/12/among-bitcoin-developers-debate-is-raging-over-whether-to-censor-ordinals-brc-20s/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens. Source: https://www.coindesk.com/policy/2023/05/12/eu-crypto-tax-plans-include-nfts-foreign-companies-draft-text-shows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines