Nathaniel Chastain is guilty of both wire theft and laundering money. This is the first case of insider trading involving digital tokens, according to federal prosecutors. Nathaniel Chastain is a former employee of OpenSea . OpenSea is one of the largest non-fungible tokens ( NFTs ) marketplaces in the world. OpenSea? What Happened? The trial centered around Chastain’s use of non-public information from OpenSea to trade on NFTs . He allegedly purchased NFTs before they w

NFTs, also known as non-fungible tokens, are frequently created using the same code as cryptocurrencies. To put it simply, these cryptographic assets are based on blockchain technology. They can’t be exchanged or swapped as other cryptographic assets can. The term “Non-Transferable” (NFT) expressly means that because of its unique characteristics, it cannot be changed or replaced. As both fiat money and cryptocurrencies are fungible, they maybe exchanged for one another. Why

In the ever-changing context of the valuation of digital assets , non-fungible tokens (NFTs) are increasingly controversial, sparking debate among enthusiasts, skeptics, and critics. Creators, collectors, and investors around the world have been captivated by these unique digital assets powered by blockchain technology. However, as with any innovation, NFTs bring their share of controversies and challenges, raising the question: NFTs: Are They Trash or Cash? What Are NFTs a