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US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and Scams
31.5.2024
A risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source...
NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report
30.5.2024
The US Treasury findings highlighted several potential risks and security concerns and challenges involved in NFTs.
The post NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report appeared first on Cryptonews
US Treasury report outlines potential financial risks of NFTs
29.5.2024
The government department outlined potential concerns with the NFT market, including terrorist financing, theft, and funding nuclear proliferation
U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'
29.5.2024
"The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes," the Treasury said
Cristiano Ronaldo unveils NFT series with Binance capturing career highlights
29.5.2024
Football icon Cristiano Ronaldo is rolling out a new NFT collection with Binance commemorating different stages of his illustrious career
Torque Drift 2 devs quit after Web3 pivot; game NFTs are not securities: Web3 Gamer
28.5.2024
Ten devs quit Torque Drift 2 after studio added blockchain, Saga CEO says in-game assets aren’t securities, MetaFighter review: Web3 Gamer
The Sandbox launches Sandbox DAO with 25M Sand Treasury
28.5.2024
The new DAO will allow SAND and LAND owners to vote on platform projects, aiming to enhance transparency and community involvement
Donald Trump’s Crypto Holdings Top $10 Million, Arkham Says
28.5.2024
Former U.S. President and presidential candidate Donald Trump’s cryptocurrency holdings reached $10 million on Monday morning, according to crypto analytics firm Arkham’s onchain tool. The bulk of Trump’s holdings, $7.3 million, is in the TRUMP coin. Trump has pledged...
Donald Trump Pledges to Stop Biden’s Anti-Crypto Agenda, Protect Bitcoin, Free Ross Ulbricht
26.5.2024
Presidential candidate and 45th U.S. President Donald Trump has declared support for the crypto sector. “I will also stop Joe Biden’s crusade to crush crypto,” he promised. “I will support the right to self-custody.” He will also “commute the sentence of Ross Ulbricht...
Study: 60% of US Crypto Investors Don’t Understand Blockchain
25.5.2024
According to a recent survey by Preply, as many as three in five, or 60%, of U.S. cryptocurrency investors do not understand blockchain technology. The study found that Generation Z, despite 41% expressing interest in learning about cryptocurrency, had the smallest percentage of individuals willing...
Study: 60% of US Crypto Investors Don’t Understand Blockchain
25.5.2024
According to a recent survey by Preply, as many as three in five, or 60%, of U.S. cryptocurrency investors do not understand blockchain technology. The study found that Generation Z, despite 41% expressing interest in learning about cryptocurrency, had the smallest percentage of individuals willing...
The Untold Story Behind Beeple's Historic NFT Sale: 'Token Supremacy' Excerpt
24.5.2024
Controversial Artist Damien Hirst Accused Of Backdating 1,000 Paintings In NFT Project
24.5.2024
English artist Damian Hirst is under increased scrutiny this week following claims he backdated more than 1,000 pieces of art from his NFT project “The Currency,” The Guardian reported Wednesday. The allegations come just two months after Hirst was accused of misrepresenting the dates of several...
Milady NFTs defy market chaos, soar to new heights amid volatility
23.5.2024
Despite a turbulent period for the broader NFT market, Milady NFTs have seen a remarkable surge in popularity and value, highlighting the unique dynamics and resilient interest in certain digital art collections. Over the past month, the NFT market has experienced significant volatility. Factors...
CryptoPunks Project Put on Hold by Yuga Labs Due to ‘Woke’ Community Outcry
21.5.2024
Yuga Labs, the company behind the iconic NFT collection CryptoPunks, has faced backlash and controversy over its latest venture.
The post CryptoPunks Project Put on Hold by Yuga Labs Due to ‘Woke’ Community Outcry appeared first on Cryptonews
Japanese Manga Game Captain Tsubasa Launches on Oasys Blockchain
20.5.2024
Japanese Manga-inspired game Captain Tsubasahas launched on the gaming blockchain Oasys offering 5,000 non-fungible tokens (NFTs) to players.
The post Japanese Manga Game Captain Tsubasa Launches on Oasys Blockchain appeared first on Cryptonews
Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value
18.5.2024
Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges...
Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value
18.5.2024
Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges...
Dolce & Gabbana Sued for Messing Up Delivery of Its NFTs: Bloomberg
17.5.2024
A lawsuit filed on Thursday alleges Dolce & Gabbana USA messed up their delivery resulting in NFTs bought by a customer for $6,000 losing 97% of their value, Bloomberg reports
Dolce & Gabbana Hit With Lawsuit Over Alleged 97% Loss on Metaverse Outfit NFTs
17.5.2024
A customer sued Dolce & Gabbana USA on Thursday, claiming the NFTs they purchased lost 97% in value due to the company's bungled delivery.
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