$101,825.00
-2.62%$2,458.59
-2.37%$2.49
4.49%$658.96
0.74%$170.63
-1.36%$0.999999
0.01%$0.226586
-2.44%$0.802076
-1.40%$0.27176
2.92%$2,458.19
-2.26%$101,847.00
-2.58%$3.91
-2.65%$16.49
-2.92%$24.45
-1.76%$2,948.30
-2.28%$0.30822
0.12%$0.00001544
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3.02%$3.33
-1.56%$406.92
-0.98%$23.96
-3.53%$1.11
1.65%$8.49
1.47%$101.56
0.95%$0.999915
0.01%$5.04
-1.99%$2,460.75
-2.32%$335.71
-0.23%$2,621.94
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0.13%$1.001
0.07%$101,858.00
-2.59%$30.13
0.11%$6.83
-1.67%$453.60
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-1.71%$5.79
-1.91%$218.50
-1.08%$54.39
-1.13%$1.008
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-1.09%$19.61
-1.70%$1.00
0.00%$0.109743
-6.69%$0.099629
0.87%$34.45
0.90%$0.791447
-1.03%$21.63
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-2.41%$5.04
-4.31%$1.051
0.02%$12.55
-9.04%$5.23
-1.78%$0.253361
-1.95%$0.381692
-6.70%$0.824138
-4.31%$1.008
0.75%$1.17
0.05%$3.09
-2.55%$101,745.00
-2.59%$0.236717
-2.15%$0.427374
-6.43%$3.15
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0.08%$0.58082
-0.24%$1.25
-3.09%$0.00002205
-0.42%$4.52
-1.01%$0.540658
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-0.12%$2,467.00
-2.07%$1,779.94
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-4.10%$11.27
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-3.91%$179.16
-1.32%$0.830763
-4.71%$0.880423
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0.42%$13.48
2.91%$0.255553
-1.97%$0.703514
-2.58%$0.01958318
-0.46%$1.26
-1.56%$1.91
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24.60%$0.115639
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4.11%$0.750276
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-1.32%$1.066
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2.77%$660.53
0.96%$2,619.28
-2.32%$220.17
-1.39%$1.001
0.12%$188.81
-1.52%$0.352746
-1.64%$0.999557
-0.04%$2.93
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-5.63%$0.640149
-1.88%$3,241.66
-2.33%$0.00000081
-2.87%$102,024.00
-4.00%$39.54
-4.54%$2,573.34
-2.25%$0.237774
-4.77%$1.00
-0.00%$101,137.00
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-2.14%$2.36
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2.27%$0.075121
-10.36%$12.88
-7.96%$0.732723
-0.28%$0.44742
-1.75%$3.81
-4.21%$0.663617
-1.01%$0.743172
-4.44%$42.81
1.46%$2,570.78
-2.36%$1.94
11.52%$0.358911
-2.73%$2.01
-2.47%$0.181627
-2.85%$0.997439
-0.09%$2.17
-0.76%$0.998632
-0.01%$3.74
-4.36%$1.11
0.31%$0.01752303
-2.84%$0.498655
0.66%$0.226718
-2.25%$0.697609
-4.70%$0.0097268
-4.82%$0.704424
-0.87%$0.0059468
-4.10%$0.176029
-3.07%$111.00
0.00%$0.217878
-0.38%$19.16
-2.20%$2,461.61
-2.24%$0.665956
0.20%$0.538535
3.92%$2,461.30
-2.39%$2,620.80
-2.28%$101,707.00
-2.69%$7.78
-4.66%$0.468286
-3.88%$7.12
2.05%$3.08
-1.51%$2,485.62
-2.19%$0.999861
-0.00%$0.998341
-0.05%$0.00002445
-1.80%$0.194145
-3.61%$0.095918
-2.09%$101,604.00
-2.53%$0.066181
2.04%$3.94
-7.73%$0.101818
-2.18%$0.999999
0.01%$0.04756694
-1.33%$2,460.85
-2.36%$0.00867881
-5.99%$0.694592
-1.33%$99,255.00
-2.10%$0.00000044
1.47%$2,452.44
-2.64%$1.56
-3.44%$1.71
-5.25%$0.159049
-0.52%$46.14
-4.32%$0.00000105
-11.06%$0.253391
-1.93%$1.013
0.55%$1.087
0.00%$1.54
-4.36%$0.420573
-3.56%$1.65
-3.97%$101,538.00
-2.82%$0.0423733
11.31%$1.29
-8.95%$0.405434
-2.93%$0.0055252
-5.26%$0.01980402
2.56%$0.189577
-4.07%$0.379238
-6.19%$1.001
0.03%$0.03803882
1.73%$0.375466
4.87%$22.68
20.60%$33.94
-0.30%$1.00
-0.01%$0.339839
1.48%$0.00006777
-2.48%$0.00437777
-3.61%$0.816148
-4.11%$0.00364823
-2.52%$0.862799
-4.14%$2,591.41
-2.59%$21.45
-0.49%$135.00
-2.28%$0.00000171
8.36%$0.281918
-3.32%$0.00081799
22.69%$0.0038113
7.99%$1.00
-0.01%$2,703.61
-2.38%$4.00
-8.02%$24.49
-1.51%$2,680.76
-2.31%$101,813.00
-2.54%$1.001
-0.06%$0.716642
-3.35%$2.89
-4.57%$0.231539
-1.15%$0.551072
-1.09%$1.00
0.13%$24.06
-2.06%$1.00
-0.01%$1.098
-0.05%$2,459.77
-2.33%$2,654.54
-2.34%$0.999956
-0.00%$24.44
-1.59%$0.00290614
0.18%$2,448.88
-2.65%$0.587366
-0.39%$0.858834
-2.25%$0.00385038
3.06%$0.285937
-1.06%$0.120636
-0.76%$0.00
-4.74%$0.689053
-7.06%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.
Coinbase CEO Brian Armstrong has revealed that the crypto exchange considered putting 80% of its balance sheet into Bitcoin—but decided against it over fears it could "kill the company." During a question-and-answer session with customers, executives were asked whether they missed an opportunity to start amassing BTC sooner, given the company had an eight-year headstart on software firm Strategy. We’re live with @brian_armstrong, @GregTusar, and Alesia Haas answering community questions followi...
BitGo has secured regulatory approval from Germany's Federal Financial Supervisory Authority, BaFin, enabling the U.S. crypto custody provider to expand its services across the European Union's member countries. The license positions BitGo as one of the first American digital asset firms to gain recognition under the EU's Markets in Crypto-Assets (MiCA) framework, a unified regulatory system, rolling out crypto custody services for its institutional clients across the bloc this year. BitGo has...
Publicly-listed Beat Holdings Ltd. said Thursday it will boost its investment in Bitcoin-related exchange-traded funds, becoming the latest Tokyo-listed firm to deepen exposure to digital assets amid renewed institutional interest in crypto. The company, which is listed on the Tokyo Stock Exchange’s Standard Market, disclosed Thursday that its board approved raising the cap on crypto-related investments from $6.8 million to $34 million. It has already purchased 131,230 units of BlackRock’s iSha...
