Former OpenSea manager withdraws application for bail pending appeal
The attorneys representing Nathaniel Chastain informed the court that Chastain will self-surrender on Nov. 2 to begin serving his sentence.
The attorneys representing Nathaniel Chastain informed the court that Chastain will self-surrender on Nov. 2 to begin serving his sentence.
Trump NFT prices spiked after the former U.S. president’s mugshot in police custody was released.
NFT aggregator Rarible said by October it would cut off aggregate orders from competitors that don’t enforce royalties, such as OpenSea.
Bitcoin Ordinals NFT volume plunges 98%, and Yuga Labs is terminating its partnership with OpenSea over creator royalties.
Nathaniel Chastain will reportedly have until Nov. 2 to surrender himself following his conviction for wire fraud and money laundering related to insider trading on OpenSea.
Yuga Labs said it will start winding back OpenSea support for “all upgradable contracts and any new collections” following the announcement from the NFT marketplace.
A trader walked off nearly $1.5 million richer after tricking a bot copying his trades to buy a slew of NFTs at a markup.
Prosecutors claimed Nathaniel Chastain profited from inside information as to which NFTs would be featured on the marketplace.
The court case might have a decisive influence on the legal classification of NFTs.
According to the latest Coingecko crypto industry report, during the first quarter of 2023, bitcoin became the best-performing asset after it saw its U.S. dollar value go up from just…