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Showing news for Nft

August 11, 2022

Unlocking the Value in NFTs

At the recent Bloomberg Crypto Summit in NYC, a panel led by Managing Editor Stacy-Marie looked at innovative ways to harness NFTs.

July 25, 2022

What to Know About NFTs and the ‘Bored Ape’ Boom and Bust Cycle

Since NFTs, or nonfungible tokens, screamed into public consciousness in 2020 with million-dollar sales of digital artifacts, the debate surrounding them has gone more or less like this: NFTs are the future of art and commerce! No, NFTs are a worthless sca...

July 15, 2022

After Corvette Failure, Automakers Tread Carefully Into NFTs

Mercedes hit all the right notes jumping into the crypto pool. At Bentley and Lotus, the waters are largely untested. And what’s up with Porsche?

June 8, 2022

Do Celebrities Have a Responsibility to Fans When Backing an NFT?

Pop Icons like Justin Bieber and Madonna have bought and promoted NFTs. They’re not obliged to disclose the financial terms of their endorsements.

April 23, 2022

Cathie Wood Says Fed Won’t Hike as Much as Market Priced In

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

April 10, 2022

Hong Kong’s Ex-Finance Chief Tsang Joins StashAway, Gifts NFTs

Hong Kong’s former financial secretary, John Tsang, has joined digital wealth firm StashAway as an adviser and will be giving away part of his soon-to-be issued non-fungible tokens to attract new clients.

April 10, 2022

Pudgy Penguins, the Hot-and-Then-Not NFTs, Attempt a Comeback

(Bloomberg) -- Pudgy Penguins, a once hugely successful NFT project that got blown off course by drama that included the ousting of its founders, is attempting a comeback. Hopes are high in the newly energized community -- but in today’s crowded, up-and-do...

April 9, 2022

Filmer of Ethiopia Famine Is Face of NFT to Archive African Past

Kenyan photojournalist Mohamed Amin is best known for capturing the world’s attention with images of Ethiopia’s 1984 famine that inspired the Live Aid concerts.

February 15, 2022

NYSE Wants to Be Marketplace for NFTs Just Like With Stocks

The New York Stock Exchange is stepping into the nonfungible tokens market with plans to do for digital assets what it does for stocks.

February 14, 2022

U.K. Makes First Ever NFT Seizure in Crackdown on Tax Fraud

The U.K.’s tax watchdog seized three nonfungible tokens as part of a suspected case of value-added tax fraud worth 1.4 million pounds ($1.9 million), in the first ever domestic enforcement action of this kind.

February 14, 2022

U.K. Tax Authority Makes First NFT Seizure, BBC Reports

The U.K.’s tax watchdog seized three nonfungible tokens as part of a suspected case of value-added tax fraud worth £1.4 million ($1.9 million), the BBC reported.

February 10, 2022

Seemingly Ubiquitous NFTs Are Just a Sliver of Crypto Universe

(Bloomberg) -- NFTs seem to be everywhere as of late, whether being touted by celebrities ranging from Justin Bieber to Heidi Klum, but data show they account for just 1% of the overall cryptocurrency market.

February 4, 2022

Nike Files Trademark Suit Against StockX Over NFTs

(Bloomberg) -- Nike Inc. accused the sneaker resale marketplace StockX LLC of minting non-funible tokens that use its trademarks without approval and selling them at inflated prices.

February 4, 2022

U.S. Treasury Warns of Illicit Money Percolating in High-End Art

The U.S. Treasury Department is looking more closely at potential money laundering and the financing of terrorism through trading high-value art.

February 2, 2022

John Legend to Start NFT Platform for Musicians, Entertainers

John Legend is starting an NFT platform for musicians and entertainers who are trying to navigate the frenzy around digital collectibles.

January 28, 2022

How Crypto Foe China Is Embracing NFTs, With Strings Attached

China’s government has made clear its distaste for the free-wheeling, anti-establishment cryptocurrency community. When it comes to crypto’s blockchain technology, however, it’s a different story. President Xi Jinping has urged mass adoption of digital led...

January 26, 2022

Crypto, NFTs Are Rife With ‘Mountains’ of Fraud, IRS Says

IRS criminal investigators see cryptocurrencies and nonfungible tokens as ripe for fraud, including money laundering, market manipulation and tax evasion -- and even celebrities could get caught up in the agency’s probes.

January 25, 2022

YouTube’s CEO Says the Company Will Explore NFT Features for Video Creators

YouTube is exploring adding non-fungible token features for its video creators, Chief Executive Officer Susan Wojcicki wrote to the site’s broadcasters on Tuesday.

January 25, 2022

Why Facebook and Twitter Opened the Door to NFTs

The social-media giants are taking a calculated risk by relaxing control over some of their users’ data to accommodate the craze for blockchain-based digital collectibles.

January 24, 2022

How Opportunists Snagged More than $1 Million in NFTs For Mere Thousands

Buyers used a loophole on the OpenSea platform to purchase the digital assets at hidden, below-market prices.

January 21, 2022

Musk Chides Twitter for NFT-Linked Profile Pictures

Tesla Inc. Chief Executive Officer Elon Musk lambasted Twitter’s development of profile pictures linked to non-fungible tokens on Friday morning, saying the social media company has the wrong priorities.

January 20, 2022

Twitter Users Can Now Add Verified NFTs as Profile Photos

(Bloomberg) -- Twitter Inc. users can now use an NFT as the profile picture on their account, part of a push to allow more users to show off digital art and encourage people to sign up for the company’s subscription product.

January 19, 2022

Tom Brady’s NFT Startup Gets $170 Million in Silicon Valley Funding

Autograph, an NFT platform co-founded by professional football player Tom Brady, raised $170 million in a Series B funding round led by Silicon Valley investors Andreessen Horowitz and Kleiner Perkins.

January 18, 2022

NFT Marketplace OpenSea Acquires Crypto Wallet Provider Dharma Labs

(Bloomberg) -- OpenSea, the largest NFT marketplace, has acquired cryptocurrency wallet provider Dharma Labs for an undisclosed amount.

January 18, 2022

You Won’t Need Crypto to Buy an NFT on Coinbase’s Marketplace

(Bloomberg) -- Coinbase Global Inc. said it will let users make purchases on its planned NFT marketplace through their Mastercard Inc. cards  -- without having to own cryptocurrency.

January 18, 2022

Soros, Winklevoss Invest in NFT Creator Now Valued at $5 Billion

Soros Fund Management and the Winklevoss twins’ venture capital firm are among investors in a funding round that’s more than doubled the valuation of Animoca Brands Corp., a non-fungible token and metaverse company, to $5 billion.

January 16, 2022

Walmart Filings Reveal Plans to Create Cryptocurrency, NFTs

(Bloomberg) -- Walmart Inc. is preparing to create its own cryptocurrency and collection of non-fungible tokens, filings with the U.S. Patent and Trademark Office show, setting the stage for meeting its customers in the emerging metaverse.

January 6, 2022

NFT Market Surpassed $40 Billion in 2021, New Estimate Shows

Nearly $41 billion worth of cryptocurrency was sent to two types of Ethereum smart contracts associated with NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chaina...

January 5, 2022

NFT Hype Sparks a Rush by Finance Pros to Mimic Hot Market

New funds being offered to both professionals and retail buyers claim to provide exposure to the nascent NFT market. Do they meet the test?

October 29, 2021

What’s an NFT? It’s What Makes GIFs Worth Big Bucks

In February, a 10-second video clip known as “Crossroads” by the digital artist Beeple sold at auction for $6.6 million. An animated image of a flying cat leaving a rainbow trail went for almost $600,000 that same month. A video of a LeBron James dunk sold...