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“# US-based crypto users likely still have to pay taxes on NFTs, says CNBC ” Tax season is almost upon crypto users based in the United States, and even if they plan on keeping their assets digital, nonfungible token — or NFT — buyers might not get off scot-free. According to a CNBC report today,…
“# Nifty News: Ja Rule’s Fyre Fest NFT, Trump tweet auction, Tron and Tezos muscle in ” The latest celebrity to suddenly realize the immense artistic significance of tokenized art (or ‘cash in on’ depending on your perspective) is rapper and Fyre Festival co-founder Ja Rule — who is auctioning off a 48-inch-by-60-inch, oil-painting of…
“# Altcoins spike to new highs while Bitcoin bulls aim to recapture $57K ” Bitcoin (BTC) price continues to recover from its sub-$55,000 correction and at the time of writing, traders are attempting to recapture the $57,000 level as a support. Data from Cointelegraph Markets and TradingView shows that a wave of early morning selling…
“# Sotheby’s auction house is getting into the NFT game ” The creation and sale of nonfungible tokens, or NFTs, has become a revolution that is increasingly difficult to ignore. On March 16, British-American auction house Sotheby’s announced that they too would be entering this burgeoning ecosystem with the sale of tokenized art by a…
“# The four-largest NFT DApps are driving $10m in daily volume ” The excitement surrounding NFTs is showing no signs of slowing down, with the top four decentralized NFT apps driving more than $10 million in daily volume. According to decentralized application data aggregator DappRadar, NBA Top Shot, CryptoPunks, Mooncats, and Sorare represented more than…
“# Bitcoin bulls take a breather while BTC price slips below $55,000 ” Bitcoin price sold off on March 15 as bears pushed the price back into the mid-$50,000 range a few days after (BTC) hit a new all-time high above $61,000. Data from Cointelegraph Markets and TradingView shows that Bitcoin price dropped as low as $54,600…
“# Crypto user offers $100K for Elon Musk’s tweet on proposed NFT ” All the trendy aspects of the crypto space — non-fungible tokens, institutional adoption of Bitcoin, the quirkiness of Dogecoin — have found a home with Tesla CEO Elon Musk. In a tweet today, the billionaire claimed he would be selling a musical…
“# Electronic music pioneer Aphex Twin sells NFT for $127K in Ether ” Electronic music legend Aphex Twin is the latest artist to join the ongoing non-fungible token mania in the music industry. Richard D. James, popularly known as Aphex Twin, officially announced his own NFT release on major NFT platform Foundation on Saturday. I’m…
“# Sophia the robot set to auction NFT digital artwork ” The booming nonfungible token space is about to experience another expansion, with Sophia the Robot set to auction its own NFT digital artwork. According to an announcement on Monday, the social humanoid robot will hold an NFT auction via the Nifty Gateway platform on…
“# Investor ‘stumbles’ into 30,000% gain after buying Beeple NFT for $969 ” Edward Fairchild, one of the founders of LA-based cannabis company THC Design, revealed that he “stumbled” into buying an NFT from acclaimed digital artist “Beeple” that has since increased in value by 30,000% since he purchased it in December. Recounting the story…