Former OpenSea employee Nathaniel Chastain has successfully appealed his conviction for wire fraud and money laundering. A US federal appeals court has overturned the conviction of Nathaniel Chastain, a former OpenSea manager found guilty of wire fraud and money laundering for using insider information to trade non-fungible tokens (NFTs). In a Thursday decision, the United States Court of Appeals for the Second Circuit ruled that the jury was improperly instructed and could have convicted Chastain for unethical conduct rather than misappropriating a traditional property interest, a requirement under federal fraud statutes. “Chastain argues that the district court erred by instructing the jury that it could find him guilty of defrauding OpenSea of its property if he misappropriated an intangible interest unconnected to traditional property rights. He maintains that this error affected the jury’s decision. We agree,” the court decisions reads. Read more
Why is Meta allegedly pirating porn? Math suggests AI agents won’t take everyone’s jobs, AIs secretly trained to love owls, and more: AI Eye. A new lawsuit claims Meta has been secretly pirating porn for years from torrent sites using virtual private clouds in order to train its AI models. Strike 3 Holdings and Counterlife Media, which own porn sites attracting 25 million monthly visitors, have sued Facebooks parent company for almost $359 million for allegedly infringing on the copyright of 2,396 adult films that Meta is said to have downloaded since 2018. The allegations are similar to the lawsuit brought by well-known authors against Meta that claimed the tech giant pirated 81.7 terabytes of books only this case is much more interesting because its about porn. Strike 3 Holdings told the court it offers rare long cuts of natural, human-centric imagery showing parts of the body not found in regular videos and said it is concerned Meta will train its AIs to eventually create identical content for little to no...
Naoris has launched a $120,000 bounty incentivising researchers to break key cryptographic algorithms underpinning Bitcoin, Ethereum and Solana. Naoris, a cybersecurity firm focused on safeguarding digital assets from quantum computing threats, is offering bounties to anyone who can break the encryption algorithms that secure major blockchain networks. In an announcement shared with Cointelegraph on Thursday, Naoris said it has set a bounty of $120,000 — equivalent to approximately one Bitcoin (BTC) — for successfully compromising key cryptographic algorithms used in the crypto industry. The largest bounty, $50,000, is for anyone who can break secp256k1, the cryptographic standard that underpins Bitcoin, Ethereum and many other protocols. A $30,000 reward is available for breaking Ed25519, which is used by Solana, as well as encrypted messaging services like Signal and WhatsApp. Read more
Bitcoin’s explosive July rally pushed its market cap to $2.4 trillion, overtaking Amazon, silver and Alphabet, cementing its place among the world’s five most valuable assets. On July 14, 2025, Bitcoin crossed a historic threshold. Its price surged past $122,600, pushing its market capitalization to approximately $2.4 trillion — surpassing Amazon’s estimated $2.3 trillion. With that, Bitcoin officially joined the ranks of the top five most valuable assets on Earth. Read more