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NFTs

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05 Apr 23

Trump NFTs’ sales surge again amid his court appearance

The NFT collection of the ex-president of the United States, Donald Trump, had a considerable rise in sales immediately after his court appearance on April 4 in New York. With the release of the first set of Trump digital trading cards in December, the value of these collectibles has significantly increased, with the last significant […]

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22 Mar 23

IRS aims to tax NFTs in line with other collectibles

The IRS is taking steps to tax NFTs like other collectibles, proposing a new framework for public review and comment. The Internal Revenue Service (IRS) is taking steps to ensure that NFTs are taxed similarly to other collectible items. This move by the IRS follows the recent surge in the popularity of NFTs since they […]

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17 Mar 23

ParaSpace overcomes hack, almost lost $5m in NFTs

In the early hours of March 17, 2023, ParaSpace, an NFT lending project, faced a hack attack but salvaged 2900 ETH (around $5 million) worth of BAYC NFTs. The platform achieved this after noticing a suspicious transaction and halting the entire protocol. ParaSpace becomes the latest NFT hacking target ParaSpace, one of the many notable […]

NFT collateralized loans for long tail markets

05 Jan 23

Mutant Ape Planet NFTs creator arrested and charged with fraud over $2.9m exit scam

A developer of the Mutant Ape Planet non-fungible token (NFT) collection has been arrested in New York on fraud charges. A Jan.5 United States Department of Justice announcement reveals that according to a complaint filed on 3 January, Aurelien Michel, a 24-year-old French citizen living in the United Arab Emirates, and other unnamed defendants promised […]

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