In a significant move to provide regulatory clarity in the fast-evolving crypto and digital asset space, South Korea’s Financial Services Commission (FSC) has announced new guidelines for regulating non-fungible tokens (NFTs). According to Yonhap news agency, the FSC will start treating certain mass-produced NFTs as cryptocurrencies under specific conditions. The FSC’s new guidelines come as […]
Non-Fungible Tokens
Runestone Rally: Bitcoin NFTs Surge 50%, Exceeding MAYC Value
The meteoric rise of Bitcoin NFTs in the digital art world is turning heads yet again. In just 24 hours, the floor price of Bitcoin NFT NodeMonkes has surged by over 50%, reaching an impressive 0.82 BTC, boasting a market value of $554 million. This surge catapults NodeMonkes into the second-largest NFT position, overtaking renowned […]
NFT Craze Skyrockets: Simpsons Episode Sparks FOMO Frenzy
NFTs, or Non-Fungible Tokens, have once more infiltrated popular culture, thanks to The Simpsons. In a recent episode titled “Wild Barts Can’t Be Token,” part of the beloved “Treehouse of Horror” series, the show humorously explores the crypto world. In this episode, Bart Simpson finds himself accidentally “digitized” into an NFT, leading his mother, Marge, […]
Crypto Revolution: Grand Theft Auto’s Maker’s Sugartown Surpasses $5M
In a groundbreaking move into the world of crypto gaming, Zynga, a subsidiary of Take-Two Interactive, announced its pioneering Ethereum-based game, “Sugartown,” in August. The industry has been buzzing with excitement ever since, and the results are nothing short of remarkable. Within just three weeks of its release, thousands of Sugartown’s access tokens, known as […]
Stoner Cats NFTs Face Trading Ban Amid SEC Charges
In a stunning turn of events, the Stoner Cats NFT project has been slapped with a trading ban on prominent marketplaces like OpenSea, Blur, and Rarible. The ban came hot on the heels of an announcement by the United States Securities and Exchange Commission (SEC) charging the creators with selling unregistered securities. Originally sold in […]
Trump’s Crypto Epiphany: From Bitcoin Bash to NFT Enthusiast
Crypto has left the world baffled once again with a surprising turn of events. Former President Donald Trump, renowned for his frank (and frequently peculiar) social media posts, possesses a trove of cryptocurrency valued at a staggering half a million dollars. The paradox in this disclosure is as substantial as the blockchain underpinning these virtual […]
Solana Shines: NFT Sales Surge, Leaving Bitcoin in the Lurch
Currently, traders are closely monitoring popular assets such as Bitcoin and Ethereum. Despite the recent rally in other cryptocurrencies like Dogecoin, they appear to be disregarding them. However, Solana remains a topic of intense discussion among community members. The Solana ecosystem experienced some turbulence due to the delistings by Robinhood and Revolut. Nonetheless, SOL has […]
OpenSea Attempts To Win Battle Over Blur With 0% Fees: Details
As competing marketplaces continue to erode its once-dominant user base, major nonfungible token (NFT) marketplace OpenSea announced a significant restructuring around lower platform fees and higher creator earnings. According to Nansen data, on February 18, the NFT marketplace Blur overtook OpenSea in terms of daily Ethereum (ETH) trading volume as customers sought for a trading […]
NFT Minting And Trading To Soon Be Available On Instagram
Non-Fungible-Tokens (NFT) has become extremely popular in the last year or so. Over 1 billion NFTs are already available on the market, and an average of 8 million new ones are produced each month. As more people become aware of how valuable they may be in transferring value, this figure is anticipated to increase even […]
Apple’s NFT Transactions Gain Clarity: App Store Reviews Guidelines
Recent revisions to Apple’s App Store Review Guidelines have been made public. The same included a section devoted to explaining Non Fungible Tokens, or NFTs. NFTs are thus permitted to be present in apps on the App Store. They are unable to access any extra features or content, though. The recently announced rules stated, “Apps […]