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Breaking All Records: VC Funds Injected USD 30B In Crypto This Year
20.12.2021
Venture capital (VC) funds invested some USD 30bn into crypto this year, exceeding almost fourfold the amount recorded in the previous record year of 2018, and injecting more funds into the industry than in all the previous years combined, according to data from financial data and software...
DAOs, Token Holders Could Face New Tax Liabilities, PwC Report Warns
17.12.2021
People who are part of Decentralized Autonomous Organizations (DAOs), or even holders of certain decentralized finance (DeFi)-focused governance tokens, could have tax liabilities that far exceed what they expect to see, a new PwC report on crypto taxation has warned....
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Bitwise, Nexo Add to Financial Products for Rich NFT Investors
17.12.2021
The past day has seen the announcement of two new non-fungible token (NFT)-related financial products, with asset manager Bitwise launching the first-ever index fund to track NFTs, while crypto lender Nexo (NEXO) launched the first lending desk exclusively for NFT investors....
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NFTs Cause Carnage in the Latest South Park Special
16.12.2021
Non-fungible tokens (NFTs) have proven to be a disruptive force in the world of art, but in the latest special episode of the US animated series South Park, investing in such assets brings actual death and destruction.
One of the scenes in the comedy special, entitled Post Covid: The Return...
Gaming Giant Nexon America Starts Accepting Bitcoin, Ethereum For In-Game Purchases
16.12.2021
Nexon America, an online gaming company and a subsidiary of the South Korean gaming giant Nexon, announced Tuesday that it has started accepting a number of crypto assets for in-game purchases as part of a deal with major crypto payment processor BitPay....
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Otis Launches NFT Auction Platform That Transforms Real-World Items Into Digital Collectibles
15.12.2021
As both fractional and traditional non-fungible tokens (NFTs) have seen exponential growth this year, the firm Otis has announced the launch of a marketplace called Otis House. The platform is a new NFT project that turns physical items into NFTs, and the tokens can be traded at any time for...
Nike Acquires NFT Startup RTFKT Studios in Order to ‘Deliver Next-Generation Collectibles’
14.12.2021
Nike, the American multinational footwear and sports apparel company has announced the acquisition of a startup called RTFKT Studios, a firm that leverages non-fungible token (NFT) assets, blockchain authentication, and augmented reality. Nike says the acquisition will allow the company “to...
Even This Hydraulics Firm Takes Crypto, DeFi, NFT & Metaverse Plunge
14.12.2021
The Korean Stock Exchange-listed South Korean hydraulics firm Sewon E&C is in the final stages of sealing a deal with a major decentralized finance (DeFi) player over proposed crypto, non-fungible token (NFT), and metaverse collaboration....
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Hacked Vulcan Forged Says It Has Refunded 'the Majority' of Affected Users
14.12.2021
The hacked play-to-earn non-fungible token (NFT) platform Vulcan Forged, which offers over six blockchain games, a decentralized exchange (DEX), and an NFT marketplace, said it has refunded the majority of affected users from its treasury.
The platform fell victim to a hack on Monday and lost...
Russia to Ban Funds from Crypto Investment, Experts Warn of ‘Blurry’ Legal Status
14.12.2021
The Russian Central Bank has moved to bar financial firms in the country from engaging with crypto-related mutual funds.
In a press release, the resolutely anti-crypto body, which also polices the domestic financial sector, announced it had created a draft directive, which it will listen...
Here's the 'Metaverse-Ready Sneakers and Collectibles' Creator Nike Acquired
14.12.2021
Virtual sneakers and collectibles creator RTFKT is the latest entity to be acquired by a massive company on its way into the metaverse.
Sportswear giant Nike announced Monday that it has acquired this virtual shoe company that leverages the blockchain technology with plans to create NFTs...
Matrix Star Keanu Reeves Owns Crypto, Skeptical of NFTs, Says ‘Can We Not Have Metaverse Be Invented by Facebook’
14.12.2021
Matrix star Keanu Reeves has revealed that he owns cryptocurrency which a friend bought for him a while back. “Yeah, I have a little hodl,” he said. The famous actor also commented on non-fungible tokens (NFTs) and the metaverse. Keanu Reeves Talks Crypto, Metaverse, and NFTs Famous...
Keanu Reeves Calls NFTs 'Easily Reproducible,' Says He Owns Crypto
13.12.2021
Canadian actor and the star of the 'Matrix Trilogy' Keanu Reeves expressed skepticism about non-fungible tokens (NFTs) and digital ownership during an interview with The Verge.
When asked about his view on NFTs and the concept of digital scarcity, Reeves said they can be easily replicated...
4 Reasons Why Museums Aren’t Cashing in on NFTs yet
12.12.2021
Brian Mittendorf, Fisher Designated Professor of Accounting, The Ohio State University, and Sean Stein Smith, Assistant Professor of Economics and Business, Lehman College, CUNY.
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Makersplace Plans to Drop World’s First 2pac NFT Collection Authorized by the Shakur Estate
10.12.2021
On December 15, the non-fungible token (NFT) market platform Makersplace will drop an assortment of NFTs based on Tupac Shakur’s most well-known jewelry pieces. Makersplace and the NFT artists and curators Impossible Brief and Digital Arts & Sciences worked closely with Shakur’s...
India's Bollywood-Worthy Twists & Turns as Gov't Set to Make Key Crypto Decisions
10.12.2021
India’s protracted struggle with crypto-related legislation has taken yet another confusing turn, while a range of options appears to be on the table for a key meeting to be held today – with the crypto-skeptic Prime Minister Narendra Modi set to make a decisive call in the next...
Busy Day For Ledger as It Announces Crypto Debit Card, NFT, Coinbase, and FTX News
9.12.2021
Major hardware maker Ledger said it aims to launch a crypto debit card, start supporting non-fungible tokens (NFTs), and announced partnerships with two major exchanges, Coinbase and FTX.
The company made multiple announcements today, during the Ledger Open conference in Paris....
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Visa Doubles Down on Its Crypto Bet, Launches Crypto Consulting Service
8.12.2021
Multinational financial services giant Visa is pushing deeper into the booming crypto market, launching crypto advisory services to help clients understand various segments of the crypto industry.
In an announcement, the payment network acknowledged that "digital currencies are taking greater...
Pak’s NFT Collection Breaks an Art Auction Price Record
7.12.2021
Popular digital artist Pak has sold some 250,000 non-fungible tokens (NFTs) for a total of USD 91.8m on the NFT marketplace Nifty Gateway - now considered to be the highest original price to be paid at an auction for the work of a living artist.
The art collection, Merge, was sold between...
Only 1 in 4 NFTs Bought During Minting Result in Profit - Chainalysis
6.12.2021
Data acquired from the major non-fungible token (NFT) marketplace OpenSea reveals that merely 28.5% of NFTs purchased during minting lead to a profit. On the other hand, more than 65% of NFTs bought from other users on the secondary markets result in profit.
NFTs "are far from a surefire...