IRS Considers Treating NFTs as Taxable Collectibles, Raising Concerns for Digital Asset Owners
Cryptonews » NFT
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1y ago
NFT News: US Internal Revenue Service (IRS) publish new NFT tax rule proposals for public comment ahead of finalisation of NFT tax rules on June 19. Find out what collectibles and capital gain tax could mean for your NFT portfolio here ..read more
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Luxury Brand Gucci Collaborates with Bored Ape Creator Yuga Labs for Metaverse Project – Crypto Adoption on the Rise?
Cryptonews » NFT
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1y ago
Luxury fashion label Gucci is expanding its presence in Web3 and the metaverse through a partnership with renowned NFT issuer Yuga Labs – the company behind Bored Apes Yacht Club ..read more
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Amazon Drops NFT Bombshell: Official Email Teases Digital Tokens and Platform Gallery
Cryptonews » NFT
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1y ago
The e-commerce giant Amazon has officially jumped on the NFT bandwagon, an email sent out to at least one customer suggests ..read more
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Token-Gated Access: Ticketmaster Rolls Out NFT-Enabled Ticket Sales for Fans – Here's How it Works
Cryptonews » NFT
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1y ago
U.S. ticket sales and distribution firm TicketMaster has implemented crypto wallet integration for the fan club of American metal band Avenged Sevenfold in relation to its forthcoming tour ..read more
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Meta Discontinues NFTs on Facebook and Instagram Less Than a Year After Launch – Here’s the Latest
Cryptonews » NFT
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1y ago
Senior representatives of Meta, the parent company of Facebook and Instagram, announced that the company will be shutting down the ability to buy and sell non-fungible tokens (NFTs) on both platforms, less than a year after the feature was introduced. Read on to find out why ..read more
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How a Price Battle Between Two Heavyweight NFT Exchanges is Pumping Prices
Cryptonews » NFT
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1y ago
Zero fees on the two largest NFT trading houses by volume has helped spur a surge in trading activity over the course of the last month ..read more
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International Women's Day: Sotheby's Auction House and UnicornDAO to Hold Art Auction Benefitting Women's Rights
Cryptonews » NFT
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1y ago
In honor of International Women's Day, Sotheby's auction house is hosting a benefit auction titled "My Body, My Business." The event will showcase a diverse collection of feminist artwork ..read more
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Israel's Tax Authority Probes NFT Creators Over Alleged Tax Evasion
Cryptonews » NFT
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1y ago
Israel's Tax Authority has arrested two NFT creators for charges of tax evasion and money laundering after allegedly failing to report $2.2 million in sales throughout 2021 ..read more
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OpenSea Sees Explosive Demand for 'Vitalik' NFT Collection Tied to Ethereum Co-Founder – Here's What You Need to Know
Cryptonews » NFT
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1y ago
Since its association with Ethereum co-founder Vitalik Buterin was revealed, the "Gitcoin Presents" NFT collection has surged to the top spot on OpenSea ..read more
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Seized NFTs Worth Millions of Dollars To Be Sold by Three Arrows Capital Liquidators – Here's The Latest
Cryptonews » NFT
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1y ago
Liquidators of the now-defunct crypto fund Three Arrows Capital plan to sell off the firm's NFTs as part of recovery efforts ..read more
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