$79,202.00
0.50%$1,550.93
-2.07%$1.88
-2.30%$555.31
-0.87%$0.999984
0.00%$107.47
1.34%$0.148101
-0.89%$0.229438
-0.57%$0.584472
1.26%$1,550.02
-1.93%$79,088.00
0.67%$8.94
0.69%$0.999938
-0.00%$3.07
4.77%$11.43
1.29%$0.230922
1.50%$16.87
4.77%$0.00001141
0.46%$1,855.04
-1.98%$2.02
4.92%$0.15213
8.13%$6.27
4.65%$275.50
1.10%$3.59
-1.81%$70.56
-0.03%$1.00
-0.03%$0.999119
0.05%$4.20
2.27%$1,551.02
-2.09%$27.97
1.36%$0.578795
-3.70%$11.51
12.31%$203.86
2.40%$1,648.72
-2.16%$51.27
-3.04%$5.12
-0.34%$1.046
-0.05%$0.0000064
0.61%$4.40
0.93%$79,209.00
0.55%$20.82
0.15%$2.08
-4.35%$30.00
0.76%$0.757253
1.54%$0.085287
3.56%$0.694899
-0.32%$4.68
1.45%$1.16
0.06%$14.50
2.38%$0.996844
0.17%$1.00
0.00%$131.26
1.81%$4.28
-4.49%$205.65
10.04%$0.02028235
2.99%$4.04
-0.09%$78,782.00
0.56%$0.062584
8.21%$0.290008
5.31%$3.02
7.87%$7.78
-2.25%$2.36
-2.43%$0.174483
3.02%$2.48
3.30%$0.167065
2.70%$0.430178
-2.06%$78,986.00
0.82%$0.273207
1.29%$0.755059
4.15%$8.89
3.19%$4.11
-0.78%$0.067263
1.95%$1,224.15
6.18%$0.391488
1.78%$0.610323
0.47%$0.999433
-0.10%$0.984993
3.01%$0.337985
0.08%$1,551.71
-1.92%$63.60
-2.39%$1,612.29
-1.97%$112.19
1.65%$15.50
4.92%$1.001
0.16%$0.553013
2.81%$0.999766
-0.13%$0.999956
0.09%$0.645676
0.40%$0.325699
1.07%$0.00001014
2.48%$0.998737
0.10%$1,745.85
-2.30%$0.0118299
-0.03%$3,006.01
0.02%$0.149478
3.68%$78,650.00
1.04%$0.074863
1.16%$0.712473
1.06%$0.397151
0.76%$7.26
2.33%$3,007.79
-0.02%$554.84
-0.77%$79,035.00
0.60%$0.999453
-0.06%$0.690775
0.08%$0.593701
1.35%$1,649.36
-1.98%$0.454828
6.41%$0.24002
2.90%$0.01325756
0.79%$0.00000058
-1.37%$0.097937
-2.29%$0.150856
2.46%$34.73
-6.59%$0.444471
0.37%$0.551617
22.38%$27.05
0.49%$0.999248
-0.08%$137.57
1.06%$0.327791
-2.49%$1.60
1.19%$1.83
13.70%$1.71
3.35%$0.996357
-0.16%$0.00005048
1.43%$1,614.20
-2.09%$0.068505
10.86%$1.63
3.60%$0.00970018
5.61%$1.00
0.05%$0.999495
-0.01%$2.58
5.37%$2.86
8.27%$4.24
-9.73%$0.418993
3.67%$0.48032
12.04%$1.001
0.05%$76,407.00
-1.94%$116.98
0.48%$1.10
0.54%$0.120291
3.47%$13.15
-0.64%$0.999923
-0.03%$0.431643
5.60%$0.553401
0.47%$0.155756
0.14%$1.085
0.24%$110.60
0.02%$0.00441466
6.68%$0.991754
-1.63%$0.00000041
-3.46%$78,989.00
0.55%$0.21201
0.38%$78,132.00
-0.07%$23.39
-4.21%$2.39
-3.73%$0.147592
-0.95%$1,645.84
-2.07%$0.00658927
3.45%$13.03
0.95%$0.03825223
0.44%$1.035
-0.68%$0.12462
0.87%$78,453.00
1.90%$79,019.00
0.71%$39.34
-0.94%$0.069695
-3.30%$0.999514
-0.19%$0.999581
0.03%$0.00001747
-0.06%$0.556488
-2.01%$0.343334
1.39%$4.77
0.83%$5.15
-1.94%$1,550.82
-2.09%$1,551.42
-2.04%$4.26
-8.75%$1,551.25
-2.08%$0.073342
-3.87%$0.999723
-0.02%$1,640.42
-3.42%$0.00000157
7.97%$0.398121
1.11%$0.00599297
4.27%$0.74752
5.15%$1,543.77
-2.28%$0.153406
3.96%$0.00005621
1.95%$0.174816
3.30%$1.45
-5.31%$0.469968
-1.15%$0.999487
0.09%$0.00894995
3.57%$0.02993799
-1.49%$0.313502
0.79%$0.999808
-0.30%$78,733.00
0.03%$1,596.90
1.46%$0.00335711
0.53%$2.54
-2.08%$0.329681
2.56%$0.00413626
0.02%$0.02607653
2.65%$99.35
-2.01%$0.124039
1.33%$78,966.00
0.70%$2,987.00
-0.62%$2.62
-0.80%$0.202131
-0.95%$1,525.10
-2.38%$1,550.71
-1.90%$1.00
0.03%$0.973781
0.23%$19.55
-2.57%$0.476734
1.04%$0.417962
-0.37%$0.200764
7.42%$0.984017
6.97%$20.79
-0.24%$0.227023
2.73%$0.516351
-2.00%$0.161873
-1.45%$1,638.64
-1.78%$0.998737
0.07%$0.02735464
-0.05%$1,696.01
-2.13%$1,586.63
0.35%$0.884021
9.21%$0.501714
0.98%$0.616337
-0.26%$12.73
-0.86%$0.03006285
1.87%$0.090407
-1.56%$1,684.97
-2.07%$0.999388
-0.00%$1.00
-0.02%$2.56
-11.73%$0.0100826
-1.13%$78,474.00
1.15%$16.82
4.46%$1,542.74
-2.35%$0.052215
0.21%$0.413592
0.07%$11.15
0.24%$0.00182202
3.93%$0.00209123
-7.25%$0.00248083
1.84%$0.754589
0.65%Reading
OpenSea’s former head of product was today convicted of fraud and money laundering for using inside knowledge of which assets would be featured on the marketplace’s homepage to trade NFTs.
Nathaniel Chastain, 32, was accused of buying NFTs he had decided to feature on the OpenSea NFT trading platform. Prosecutors alleged that Chastain then sold them shortly afterward to make more than $50,000 in illegal profit.
The U.S. Department of Justice called the case against Chastain the first insider trading scheme involving digital assets.
Insider trading is using confidential information to one’s benefit in order to make lucrative trades.
OpenSea, at the time of Chastain’s arrest, was the largest NFT marketplace. Users can buy, sell or mint unique digital tokens linked to content, such as art or music, providing proof of ownership.
Non-fungible tokens, or NFTs, are digital assets that are provably unique. They can be used to represent both tangible and intangible items.
Over $4.5 million in trades took place over the past 24 hours on OpenSea, according to DappRadar data today.
Chastain was the head of product at the website and was responsible for deciding which NFTs would be featured on the exchange’s homepage.
But last June, the DOJ and FBI arrested and charged him with wire fraud and money laundering, accusing him of making trades using his insider knowledge. Chastain pleaded not guilty to the charges.
Lawyers for the former OpenSea exec argued that the information Chastain used was not confidential and also tried to argue that NFTs are not securities and so the case ought to be dismissed. A jury was not persuaded.
Long-time leading NFT marketplace OpenSea has debuted a new tactic in its battle against upstart rival Blur, today announcing the launch of OpenSea Pro—a marketplace with more robust trading tools than the standard version, plus zero marketplace fees (for now) and plans for NFT-based trading rewards. OpenSea Pro is a rebranded and expanded version of Gem V2, the upgraded version of the NFT marketplace aggregator that it acquired in April 2022. At the time, co-founder and CEO Devin Finzer framed...
U.S. Attorney Damian Williams said in a statement last June that Chastain “exploited his advanced knowledge of which NFTs would be featured on OpenSea’s website to make profitable trades for himself.”
“Although this case involved trades in novel crypto assets, there was nothing particularly innovative about his conduct—it was fraud,” Williams added.
Chastain will be sentenced at a later date but he faces up to 20 years in prison for each charge.
After more than three years, Galaxy Digital Holdings Ltd. is inching closer to a listing on the Nasdaq exchange. It now awaits a shareholder vote sometime in May. It follows a green light from the U.S. Securities and Exchange Commission on Monday afternoon to change Galaxy’s registration from the Cayman Islands to Delaware. Galaxy Digital first signaled its intent to list on Nasdaq in January 2022, marking the SEC's go-ahead as one of the last few hurdles before the company gets approved for a l...
Strategy is not expecting a first-quarter profit, given billions of dollars in unrealized losses on its Bitcoin holdings, the company said on Monday. The Tysons, Virginia-based firm—formerly known as MicroStrategy—said the value of its Bitcoin holdings fell $5.91 billion on paper in the first quarter, according to a filing with the Securities and Exchange Commission. “We may not be able to regain profitability in future periods, particularly if we incur significant unrealized losses related to o...
Franchise owners of restaurant brands Johnny Rockets, Fatburger, Round Table Pizza, Great American Cookies, and other FAT Brands entities can now pay franchisee royalty payments in Bitcoin. The publicly traded FAT Brands (Nasdaq: FAT), which boasts 18 different franchise concepts and more than 2,300 locations worldwide, said the move “underscores its commitment to financial and technological innovation.” “Over the years, Bitcoin has transformed into a mainstream asset and, as a company, we see...
