Crypto US Treasury targets NFTs for potential high-value art money laundering February 6, 2022 The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror…
Crypto NFTs construct virtual economies to stay relevant in 2022 February 5, 2022 As NFT projects prepare to embark into the Metaverse, it seems they are pivoting from their static imagery to integrating mechanics that provide utility. Notably, Bored Ape Yacht Club has…
Crypto Bitcoin encourages transparency, long-term thinking February 5, 2022 Twitter co-founder and Block (previously Square) CEO Jack Dorsey discussed the implications of a Bitcoin (BTC)-powered universal basic income (UBI) strategy with US congressional candidate and a full-time elementary school…
Crypto Profitability makes crypto mining more expensive in Argentina February 4, 2022 China’s crackdown on mining has led miners to search for other countries to continue their operations. Promises of reduced costs led some to Argentina. However, the country’s government has now…
Crypto Tezos scores $27M deal with Man United, Baby Doge backs Hoffenheim February 4, 2022 Manchester United, one of the world’s most popular soccer (or football) teams is reportedly set to announce a multi-year training kit sponsorship by Proof-of-Stake blockchain platform, Tezos. First reported by…
Crypto Gamestop partners with Immutable X for NFT marketplace, announces $100M grant for creators February 3, 2022 On Thursday, iconic brick-and-mortar video game retailer GameStop announced a partnership with layer-two nonfungible tokens, or NFTs, Ethereum (ETH) scaling solution Immutable X to develop GameStop’s upcoming NFT marketplace. GameStop…
Crypto IRS may not tax staking rewards until sold February 3, 2022 A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an end with the Internal Revenue Service (IRS) agreeing to issue them…
Crypto Bitcoin, Ether and NFTs will ‘never become legal tender’ in India, says Finance Secretary February 2, 2022 T.V. Somanathan, the finance secretary for the Indian government, is reportedly pushing back against the narrative that cryptocurrencies will be widely accepted in the country — by dismissing the possibility…
Crypto You can buy Gene Simmons’ Las Vegas mansion with crypto February 2, 2022 Rock legend Gene Simmons says he will accept crypto payments for the sale of his $13.5 million mansion in Las Vegas. The iconic bassist and co-lead singer of Kiss will…
Crypto NFTs are ‘Stayin’ Alive’ as new minting trends, AI and music-based projects thrive February 1, 2022 In 2020, newly launched NFTs projects experienced costly gas wars that are gas priority auctions where buyers battle to secure their spot on the next block, potentially losing ETH to…
