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Hey Waivly Crew! 🌊 The DOJ has arrested former OpenSea executive Nate Chastain and charged him with insider trading. Crypto exchange KuCoin has launched a new decentralized wallet platform to harness the opportunities presented by Web3.

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Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard!

Former OpenSea Exec charged with insider trading

The former head of product at OpenSea, Nathaniel Chastain, has been arrested and named in the government’s first-ever NFT insider trading case.

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On Wednesday, Chastain was arrested and charged with wire fraud and money laundering in connection with a scheme to commit insider trading by using confidential information about what NFTs were going to be featured on OpenSea’s homepage, the Department of Justice shared in a report.

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Prosecutors said Chastain bought the NFTs right before they were featured and sold them “at profits of two- to five-times his initial purchase price.” Chastain attempted to cover his tracks by using multiple digital currency wallets and anonymous OpenSea accounts.

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“NFTs might be new, but this type of criminal scheme is not. As alleged, Nathaniel Chastain betrayed OpenSea by using its confidential business information to make money for himself. Today’s charges demonstrate the commitment of this Office to stamping out insider trading – whether it occurs on the stock market or the blockchain,” said U.S. Attorney Damian Williams.

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This comes months after the OpenSea executive was first accused of running the scheme from June to September 2021. Chastain was later fired when the company determined the allegations were legitimate.

Discord adds text chat feature to voice channels

Discord has revealed that they are implementing a new text chat feature to its voice channels. Users will now be able to chat with users in a voice channel directly. The feature is similar to Zoom’s chat window.

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Users will be able to use the new text chat feature by clicking on the new chat bubble icon that pops up in the voice channel a user is participating. The Text Chat in Voice Channels will be enabled by default for all non-community servers. However, Discord servers that have a community will have a period of time to opt into enabling the new text chat feature before it is automatically enabled for all servers by June 29th.

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Prior to the implementation of the text chat feature in voice channels, users participating in a voice channel would have to create or find a separate chat channel where users can send links or even quietly engage with other users. Now with the new feature, it will make it much easier for users to chat with each other directly in the voice channel.

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For moderators of community servers, they will be getting new tools that will assist their transition into the new text chat feature in voice channels. Those tools include setting up roles to decide which users can utilize the new feature on their servers, as well as allowing them to enable/disable the feature for different voice channels.

The Waves

👀 Kanye West files trademark to launch NFTs

📜 US Senators Lummis and Gillibrand discuss crypto bill

💰 South Korea announces plans to invest $177M in the metaverse

💻 March Andreesen says crypto is “like the internet”

Hustle Special

3 Important lessons from leading entrepreneurs

As an entrepreneur, it’s important to always keep learning no matter what. The following lessons from some of the most influential entrepreneurs are essential for anyone wanting to build a long-term sustainable business.

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Don’t waste your life - Apple Co-Founder Steve Jobs

“Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.”

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Become a brand - Tesla CEO Elon Musk

“A company is a group organized to create a product or service, and it is only as good as its people and how excited they are about creating. I do want to recognize a ton of super-talented people. I just happen to be the face of the companies.”

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Listen to feedback - YouTube CEO Susan Wojcicki

“I think a lot of times people give you feedback, and we tend to want to deny it and think that, ‘Oh, they’re criticizing me,’” said Wojcicki. “But what I’ve realized is that especially as you get more senior in the organization … you really need to step back and not make it personal and be willing to hear the feedback.”

KuCoin launches decentralized crypto wallet

Cryptocurrency trading platform KuCoin has launched a new decentralized wallet platform called KuCoin Wallet.

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According to the official announcement, starting June 1st, users can access KuCoin Wallet via its website. The official KuCoin Wallet mobile app will also launch later this month. Open beta app testing is expected to become available in the coming days.

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The platform is designed to be a “secure and easy crypto wallet” that supports multi-chain aggregation powered by the KuCoin ecosystem. Users will be able to buy, sell, trade, and send various cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Tether (USDT), and BNB Coin.

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Security is a prioritized feature of KuCoin Wallet, as it is a self-custodial wallet with security techniques audited by security consulting company Hacken. This means users will have full control and responsibility over their private keys.

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“As the gateway to the Web 3.0 network, crypto wallets are an important requirement for users to participate in the decentralized ecosystem and have developed far more than being a mere tool to store digital assets,” Johnny Lyu, the CEO of KuCoin, said.

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“The launch of the official website of KuCoin Wallet is additional proof that shows the determination of KuCoin to enter the Web 3.0 field at a critical time, with our goals going beyond centralized trading services and entry into the decentralized world to extend its business further,” he added.

Own and secure your crypto with Ledge

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

Share The Wave

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