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Former Coinbase Employee’s Brother Pleads Guilty in Crypto Listing Insider Trading

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Join Our Telegram channel to stay up to date on breaking news coverage Nikhil Wahi, brother of a former Coinbase employee Ishan Wahi, pleaded guilty to attempted insider trading and a conspiracy involving wire fraud, in his plea in New York federal court. Brother Of Former Coinbase Employee Pleads Guilty to a $1.4 million Fraud Nikhil Wahi, 26, with help from his brother, Ishan Wahi, allegedly committed fraud involving insider trading and pleaded guilty in a hearing on Monday. Following an accusation from the Securities and Exchange Commission (SEC) about trading crypto assets with the use of confidential information, both the brothers were arrested in Seattle last month for partaking in unethical trading . According to the SEC, Ishan Wahi tipped his brother about upcoming announcements regarding Coinbase listings, and Nikhil Wahi then used this information to perform illegal trade involving trading more than 25 tokens in an insider trading scheme. And collecting over $1.5 ...

Crypto News Summary: Visa Masters of Movement FIFA NFT Auction, El Salvador Development Bank Won't Provide BTC Purchase Info, Coinbase Supports Ripple Against SEC

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Source: AdobeStock / sutadimages Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news . __________  NFT news Payments giant Visa , the Official Payment Technology Partner of FIFA, unveiled Visa Masters of Movement, a hybrid experience featuring a pre-event non-fungible token (NFT) auction and “immersive activation” for fans at FIFA World Cup Qatar 2022. The auction features digital art inspired by goals from five footballers that have been minted into unique NFTs, available on Crypto.com . Later this month, at the FIFA Fan Festival in Doha, Qatar, fans will be able to create digital art inspired by their own signature movements, said the announcement. Regulation news El Salvador’s Anti-Corruption Legal Advisory Center (ALAC) announced that BANDESAL , the country’s development bank, has refused to provide information on the govern...