The US authorities have spoken out against insider trading in the NFT market, as a former product manager at OpenSea, the world’s largest NFT marketplace, was found guilty of fraud and money laundering. The product manager, Nate Chastain, bought 45 tokens over five months that he knew would become popular and sold them at up to five times the price he paid. The case highlights wider concerns about the lack of clarity around the regulation of digital assets in the US. Crypto companies are increasingly seeking regulatory clarity, as the US monitors the industry through a patchwork of existing federal securities, banking and derivatives laws and no one regulatory body has full responsibility, including Gary Gensler, chair of the Securities and Exchange Commission.
Sony Launches All-New Web Incubator Program
Sony, one of the world's largest electronics manufacturers and IT solutions providers, has partnered with Astar Network, a Japanese blockchain...
