The Securities and Exchange Commission (SEC) is finally taking a harder look at NFTs. In a long-telegraphed move, the SEC has begun sending out demands for information about projects that use nonfungible tokens (NFTs) to fractionalize everything from fine art to real estate to other,...
The U.S. Securities and Exchange Commission (SEC) is looking into the creators of NFTs to see if any of them have been breaking the agency’s rules, a report from Bloomberg said Wednesday (March 2). NFTs, or nonfungible tokens, are unique digital assets located on the...
While teasing the possibility of eBay accepting bitcoin, eBay CEO Jamie Iannone this week pointed to the growth of non-fungible token (NFT) sales on the eCommerce site as the reason its on-again, off-again flirtation with cryptocurrency may be on again. That came in the wake...
Buyers of non-fungible tokens (NFTs) using PayPal will no longer be protected for large sales, the California-based global FinTech announced. Starting March 21, NFT sales of more than $10,000 will no longer be eligible for Seller Protection, according to PayPal’s updated policy. The rule protects...
Reebok owner Authentic Brands plans to expand its clothing offerings and add NFT and cryptocurrency payments in an effort to bolster the sneaker company following its $2.5 billion purchase last year. As Bloomberg News reported Tuesday (March 1), Authentic said it has signed roughly 12...
Singapore’s central bank said it will not regulate the booming non-fungible token (NFT) market. The decision by the Monetary Authority of Singapore (MAS) comes as the NFT sector saw $25 billion in sales last year, up from $95 million in sales in 2020. While the dramatic...
Are NFTs really going mainstream, or are the one-of-a-kind cryptocurrency tokens that transport and display pictures, videos and music just a way to get gamers and metaverse-believers to buy pictures of name brands at a markup to the real thing? Well, let’s look at some...
Victoria’s Secret has applied to offer items for sale in the metaverse, which could include online clothes and digital collectibles, Coinspeaker reported Tuesday (Feb. 15). Victoria’s Secret joins a list of recognizable names from the fashion industry entering the virtual world. This comes as a...
In what is believed to be the first such action by British law enforcement, the U.K.’s tax watchdog has seized three non-fungible tokens (NFTs). As CNBC reported Monday (Feb. 14), Her Majesty’s Revenue and Customs (HMRC) commandeered the NFTS amid a probe into an alleged...