IRS expands digital assets tax category to include NFTs
The IRS has amended “virtual currency” to “digital assets” in the 2022 tax year draft instructions, expanding the category to include NFTs and stablecoins.
Latest non-fungible tokens News
Apple wants a piece of the NFT pie
Apple laid out good use cases for NFTs and confirmed that its 30% "Apple Tax" will apply to in-app purchases, while the NFTs purchased elsewhere will be available for viewing only.
Future of blockchain adoption in the Philippines discussed at inaugural Philippine Fintech Festival
Day 2 of the first Philippine Fintech Festival circled around the future of digital assets, NFTs, metaverse, Web 3, fintech, and the endless opportunities in the blockchain space.
UnionBank of the Philippines introduces new NFT trading platform
The NFT platform called the "Artifract" is the brainchild of UBX, the fintech arm of the UnionBank, in partnership with art-tech startup Unit 256 Ventures.
BSV doesn’t need exchanges
Contrary to popular belief, being listed on centralized exchanges does not make a coin or token in demand, desirable or increase in price.
Japan’s Konami seeks to hire talents to advance Web 3, metaverse, and NFT efforts
The available roles cut across areas of Business Development, Project Management, Legal, and Accounting, with new hires facing possible transfer to one of Konami Group's corporations.
SEC probes Yuga Labs over alleged sale of unregistered offerings
The U.S. securities regulator has yet to make a formal accusation against Yuga Labs for any wrongdoing as the investigations are still in the preliminary stages.
CNN shuts down its NFT collection barely 4 months after launch
Titled "Vault by CNN: Moments That Changed Us," the collection was launched in June and featured the tokenization of historic moments in the news network's 41-year history.
Formula One files new trademark to cover virtual currencies, metaverse
Formula One has entered the digital assets market to widen its audience reach by filing eight trademarks, focusing on NFTs, the metaverse, and virtual currency mining.
Despite walk back, PayPal’s latest attempted overreach of power again demonstrates why the world needs Bitcoin
PayPal, an online payments processor and financial services company, set off a media storm on Saturday when it published its acceptable use policy (AUP) update.
Three Arrows Capital NFT collection liquidated as part of bankruptcy proceedings
Confirming that it was in possession of the digital collectibles, Teneo revealed that it would begin selling the NFTs at a fair market value.
Asus ventures into Web 3 space with new NFT platform
In an official announcement, Asus said that the NFT platform would leverage its cloud computing capabilities in addition to the immutable design of distributed ledgers.