HMRC UK seizes 3 NFTs linked to a tax evasion fraud case
HM Revenue and Customs (HMRC), the UK’s main tax body, has confiscated three nonfungible tokens (NFTs) linked to a possible tax evasion scheme. The accused used fake identities and created 250 fake ‘shell’ companies to carry out the crime. The tax watchdog claimed to be the first law enforcement organization in the United Kingdom to seize […]
Rare CryptoPunk Ethereum NFT sells for almost $24 Million
One out of the nine “alien” CryptoPunk in existence which are incredibly rare has been sold for a whopping $23.7M. This doubles the last record of $11.8M sold last year. A record-breaking $23.7 million was paid for an ultra-rare pixelated “alien” from the CryptoPunk collection, which comprises 10,000 non-fungible tokens. In a tweet, Chain CEO […]
YouTube to explore NFTs and Web 3.0
YouTube expressed a positive view of Web 3.0 technologies like blockchain and NFTs for content providers in a blog post on Thursday 10th February 2022. “Web3 opens up new opportunities for creators. We believe new technologies like blockchain and NFTs can allow creators to build deeper relationships with their fans. Together, they’ll be able to collaborate […]
GameStop stock price surge on rumours of a partnership with Microsoft for NFT
Rumours are bad but might in some ways be good, the stock price of GameStop (GME), a popular video game retailer, jumped nearly 13% in one day amid online rumours of a partnership with Microsoft to work on Non-fungible tokens (NFT). According to TradingView data , GME is currently trading at $115.60 as of market […]
Binance and K-Pop Leader YG entertainment partners to launch eco-friendly NFTs
The Binance and YG entertainment partnership will work on a variety of blockchain initiatives including metaverse, gaming potential, and also the development of environmentally friendly NFTs. Binance, the world’s largest cryptocurrency exchange, has inked a Memorandum of Understanding (MoU) with major South Korean international entertainment firm YG Entertainment Inc. in order to build a strategic […]