OpenSea Head Of Product Accused Of Insider Trading – September 16

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $47,834

Bitcoin price has fluctuated between $47,000 and $48,500 today, as price appeared to attempt to break-out twice over the last 24 hours.

Top-20 altcoins once again have had mixed results over the last day of trading, as Ethereum gains 5%, Cardano gains 2% and Solana falls 1%.

Top Stories for September 16, 2021 πŸ”₯

πŸ‘‰ OpenSea Head Of Product Accused Of Insider Trading

NFT marketplace OpenSea’s head of product, Nate Chastain, has allegedly been participating in insider trading on the platform.

The actions were uncovered by pseudonymous Twitter user @ZuwuTV, who pointed out that Chastain had been using alternative wallets to buy NFTs that were to be listed on the front page of the platform, before they were featured.

OpenSea released a statement confirming that an employee had indeed been participating in the alleged activities, but did not mention the employee by name.

πŸ‘‰ Crypto Exchange Coinbase Applies For Futures Trading

American cryptocurrency exchange Coinbase has applied to the National Futures Association, to become a Futures Commission Merchant (FCM).

If successful, the application will enable Coinbase to begin offering futures and derivatives trading on the exchange, keeping the platform up to speed with the likes of Binance and FTX, who already offer futures markets.

πŸ‘‰ Binance Looking To Abandon “Decentralized Headquarters” Strategy

Crypto exchange Binance is looking at abandoning its trademark “decentralized headquarters” strategy, due to perceptions around the structure.

Binance CEO Changpeng Zhao recognized in a recent interview that a more centralized structure would be more acceptable to regulators, who Binance are trying to cooperate more closely with.