Spain Targets Crypto, NFTs with New Tax Reform
As part of a new tax overhaul, the Spanish Ministry of Finance wants to strengthen its ability to seize cryptocurrency and non-fungible tokens (NFTs). According to the Spanish daily newspaper El Economista, the Ministry of Finance in Spain is preparing to propose a new tax reform that would give it the authority to take cryptocurrency […]
Binance Launches Marketplace Focused on Ordinals Protocol
The cryptocurrency exchange Binance has launched a trading place dedicated solely to Ordinals protocol inscriptions. The exchange announced that BRC-20 standard tokens and other EVM-compatible assets will be able to be bought, sold, and mined on the new platform. Via the Binance app, users can access the inscriptions marketplace, which is housed on the platform’s […]
X Ditches NFT Support, Following Elon Musk’s Vision
X, the social media platform formerly known as Twitter, has ditched features supporting non-fungible tokens (NFTs). The move follows the vision of its owner, Elon Musk, who prioritizes user experience and platform stability over digital collectibles. X has removed features supporting NFTs, the unique digital assets that have gained popularity in the crypto space. The […]
P2P Platform NFT Trader Breached, Asks Users to Revoke Approval
NFT Trader is suspected to have been breached after several blue-chip non-fungible tokens (NFTs) were wrongfully transferred. Peer-to-peer trading platform NFT Trader has experienced a serious security compromise. Numerous high-value NFTs, including valuable tokens from the Bored Ape and Mutant Ape Yacht Club collections, World of Women NFTs, VeeFriends, and Art Blocks, were transferred without […]
Tiger Global Marks Down Stakes in OpenSea, BAYC
Tiger Global, an investment business, reportedly reduced the value of its shares in OpenSea and Bored Ape Yacht Club. The New York-based investment group has reduced its holdings in the digital collectibles marketplace OpenSea and the Bored Ape Yacht Club (BAYC) by 69% and 94%, respectively, according to a Bloomberg article. Tiger Global also made […]