The NFT Investor’s Worst Nightmare: IRS Craves For A Crackdown
Last year, when the NFT Everydays: The First 5,000 Days by Beeple sold at Christie’s for $69.3 million, it catapulted the non-fungible token’s market into the mainstream. A large number of people have invested billions in this industry and the boom is not stopping. Recently, NewsBTC reported an aggressive surge in the NFT trading volume this year despite the falling crypto market. A report by Dappradar showed that in the first ten days of January, NFT trading generated around $11.9 billion. Our previous report quotes Mason Nystrom, a senior research analyst at Messari, who alleged....
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What are decentralized-tech representatives most scared of? And what are their deepest fears in the crypto space? Tim Draper of Draper Associates and Draper Fisher Jurvetson:Tim is a pioneer of business ventures in the United States and a co-founder of Draper Fisher Jurvetson, a leading investment firm in early-stage tech startups.“I am fearless long-term. Bitcoin is coming. Short-term, it is spooky that some people are willing to give up this gift of freedom and trust in favor of government controls. Government controls have destroyed a lot of people’s lives and freedoms.”These quotes....
A bitcoin exchange called mcxNOW announced on their website today that they've decided to enter a new phase of development and business evolution. The new team plans to take over the bitcoin exchange, giving it one of the worst rebrands I've ever seen from a bitcoin business, or any business for that matter. Formerly known as mcxNOW, the exchange will now be called mtMOX. Yes, you read that correctly. The bitcoin and altcoin exchange that claims nearly 40,000 members and almost two years of operation plans to choose a new name that's almost identical to the infamous Mt. Gox. For those that....
Ethereum is the most recent asset caught in the path of the bulldozing machine that is China’s crackdown on crypto and crypto-related activities. When the country had begun to crackdown on mining earlier in the year, much focus had been placed on bitcoin given that it was the most popular cryptocurrency in the market. And […]
Uniswap is currently showing its desire for NFT financialization. The exchange has opened talks with several NFT lending protocols concerning its sudden Interest. Scott Lewis, the head of NFT product in Uniswap, revealed the information through a social media post. Non-fungible tokens (NFTs) are still gaining more attention over the days as knowledge of digital […]
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has warned that the U.S. Securities and Exchange Commission (SEC) will come up with rules for token registration that will be “the nightmare that’s waiting for the crypto industry.”
Mark Cuban Foresees SEC Coming Up With ‘Nightmare’ Crypto Regulation
Billionaire Mark Cuban, the Shark Tank star who owns the NBA team Dallas Mavericks, warned in a tweet Saturday about how the SEC will regulate crypto tokens.
His warning was in response to a tweet by U.S. Senator....