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Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals

21.12.2021
Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market, the capitalization of which has increased significantly this year. Russians Spent Some...

Instagram Mulls Integrating NFTs In Its Platform

21.12.2021
  In a bid to make non-fungible tokens (NFTs) more accessible to a broader user base, photo and video sharing social networking service Instagram is exploring ways to integrate such assets within its social media platform, according to senior company representatives.... Read More: Instagram Mulls...

Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny

21.12.2021
  China’s tech giants are hopeful of launching metaverse and non-fungible token (NFT) businesses despite suffering a torrid year at the hands of the country’s vehemently anti-crypto government. Heavy-hitters including JD.com and Alibaba have laid out plans that involve metaverse and NFTs, although...

2021’s NFT Boom Pushes Collectors Toward Rare and Older Collections

20.12.2021
In 2021, non-fungible tokens (NFTs) have been extremely popular and have become a billion-dollar industry this year. There’s been a number of NFT marketplaces and collections that have seen a massive number of sales and individual digital collectibles have sold for millions. The NFT hype...

No One’s Buying Ubisoft’s Garbage Ghost Recon NFTs

20.12.2021
Well, damn, I guess it’s my turn to write about these dumb Ubisoft NFTs. The publisher’s first virtual items on the blockchain, unique numbered items for players of Ghost Recon Breakpoint, are not exactly in high demand. Nope, not even that helmet with the 600-hour playtime requirement.Read more

Breaking All Records: VC Funds Injected USD 30B In Crypto This Year

20.12.2021
  Venture capital (VC) funds invested some USD 30bn into crypto this year, exceeding almost fourfold the amount recorded in the previous record year of 2018, and injecting more funds into the industry than in all the previous years combined, according to data from financial data and software...

Ubisoft Boss Tells Employees That NFTs Are Just The Beginning

17.12.2021
Ubisoft CEO Yves Guillemot held a video Q&A this week to try and reassure developers about the company’s controversial new push behind NFTs, according to multiple sources who were in attendance. But they said his answers were vague and leaned on buzzwords like “metaverse” and “web 3.0,” leaving...

DAOs, Token Holders Could Face New Tax Liabilities, PwC Report Warns

17.12.2021
  People who are part of Decentralized Autonomous Organizations (DAOs), or even holders of certain decentralized finance (DeFi)-focused governance tokens, could have tax liabilities that far exceed what they expect to see, a new PwC report on crypto taxation has warned.... Read More: DAOs, Token...

Bitwise, Nexo Add to Financial Products for Rich NFT Investors

17.12.2021
  The past day has seen the announcement of two new non-fungible token (NFT)-related financial products, with asset manager Bitwise launching the first-ever index fund to track NFTs, while crypto lender Nexo (NEXO) launched the first lending desk exclusively for NFT investors.... Read More:...

NFTs Cause Carnage in the Latest South Park Special

16.12.2021
  Non-fungible tokens (NFTs) have proven to be a disruptive force in the world of art, but in the latest special episode of the US animated series South Park, investing in such assets brings actual death and destruction. One of the scenes in the comedy special, entitled Post Covid: The Return...

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