South Korea to classify some NFTs as Virtual Assets ahead of new crypto regulations

2024-6-10 13:05

South Korea’s Financial Services Commission (FSC) is changing its stance regarding nonfungible tokens (NFTs), looking to classify some of them as Virtual assets. NFTs are primarily unique assets that cannot be replicated, traits that differentiate them from cryptocurrencies would be…

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Источник: btcmanager.com

nfts assets → Результатов: 126

CryptoSlate Wrapped Daily: IRS classifies NFTs as digital assets; retail investors group seeks to track down Do Kwon

The biggest news in the cryptoverse for October 19 includes the IRS classifying NFTs as digital assets for tax purposes, Cardano NFTs becoming the next gold rush, Blockchain advocacy groups filing a motion to support Grayscale in the lawsuit against SEC, and top 10 metaverse tokens crashing as interest wanes.

2022-10-20 01:40	Wrapped
nfts assets irs digital filing motion support

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US tax watchdog classifies NFT as digital assets for tax purposes

The United States Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year.

2022-10-19 15:45	УС
tax digital assets alongside virtual classified currencies

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IRS Expands Key US Tax Language to Include NFTs

Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”

2022-10-19 02:37	Business
language tax change year 2022 virtual digital

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Yuga Labs-associated NFTs, token falls following SEC probe

Yuga Labs has seen the value of assets associated with its brand decline following news of the SEC’s investigation into whether it broke federal laws. The post Yuga Labs-associated NFTs, token falls following SEC probe appeared first on CryptoSlate.

2022-10-12 16:00	SEC
sec yuga following probe labs-associated nfts token

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OECD Releases New Global Tax Reporting Framework for Crypto Assets

The framework's scope will include stablecoins, crypto derivatives and certain NFTs.

2022-10-10 18:40	policy
framework crypto include stablecoins derivatives nfts certain

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OVER Team Revamps OVER ARwards, Dubs The New Edition The ‘Venue Design Contest’

Nearly everyone would agree that digital assets like cryptocurrencies and NFTs are here to stay, and so is the underlying technology behind them, blockchain. However, one industry in particular which could vastly benefit from the seemingly inevitable shift to Web3 is the fashion sector, mainly because the clever utilization of AR and VR technology can breathe new life into one of the most popular and relevant industries in history.

2022-10-6 14:52	Company News
technology new one inevitable shift fashion web3

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Soulbound Tokens: What Are They and How Do They Work?

Soulbound tokens are tokenized assets that take the form of NFTs and are not transferrable once they have been bought and owned by an individual. They are used to perform specific tasks such as upholding digital identities. Soulbound Tokens and…

2022-10-4 13:40
tokens soulbound used individual owned perform such

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SerMorpheus to Make NFTs Popular in Indonesia

Despite having huge potential for web3, Indonesia is lagging in terms of Web3 creativity. However, SerMorpheus is working to ensure that NFT adoption becomes mainstream in Indonesia by launching a platform to help businesses create, buy, and sell digital assets. …

2022-9-24 01:00
indonesia web3 sermorpheus help platform businesses mainstream

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“Finalized” EU MiCA Crypto Regulation Seeks To Police NFTs And Algorithmic Stablecoins

A finalized text of the Markets in Crypto Assets (MiCA) legislation now seeks to bring Non Fungible Tokens (NFTs) and algorithmic stablecoins under its regulatory purview. According to a bill draft dated September 20, EU authorities have been urged to take a “substance over form” approach to the law, suggesting that NFTs such as BAYC’s […]

2022-9-23 21:29	Cryptocurrency News
nfts stablecoins finalized algorithmic mica crypto seeks

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EtherMail spearheading blockchain-synced email campaigns for Web3 projects

When we look at the evolving Web3 landscape through the lens of communication, the case for blockchain-synced email campaigns is clear. Considering the frequency with which holders sell their crypto and NFTs, it is increasingly difficult for projects to maintain direct contact with holders of their assets.

2022-9-19 15:19	Web3
holders projects blockchain-synced email campaigns web3 crypto

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Cobo launches a new custody product to manage all the NFTs in one platform

Cobo launches new software, NaaS (NFT-as-a-Service), that allows users and institutions to enjoy safe yet efficient storage and custody of NFT assets, multi-role access, and the ability to connect to The post Cobo launches a new custody product to manage all the NFTs in one platform appeared first on AMBCrypto.

2022-9-15 07:45	HideCryptopanic
cobo launches new custody one platform nfts

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How does NFT staking work?

The indivisible nature of NFTs is the biggest shortcoming of this asset class for some investors. Most of the time, it requires making either-or investment decisions. What if you like to HODL your NFTs while still profiting from them? One solution is NFT staking which is a way to earn passive income from your assets.

2022-9-14 06:21	Web3
160 nfts your nft staking still profiting

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Top 5 Collectibles & NFTs Tokens Below $2M Market Cap To Watch In September 2022

NFTs can be tokenized real-world assets in the blockchain, such as pictures, videos, and even music, making them collectibles that can be traded or used on the Blockchain. It’s been a hot topic since 2021 and has gotten much attention, so we are deep diving into some NFTs tokens below $2M Market capitalization.

2022-9-8 16:00	featured
nfts blockchain below tokens collectibles market gotten

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The Role of NFTs in the Metaverse

NFTs have a vital role to play in the metaverse with forward-thinking companies already integrating them as different kinds of digital assets into their metaverse projects. The post The Role of NFTs in the Metaverse appeared first on NFT News Today.

2022-9-6 05:29	Top Stories
metaverse role nfts projects assets nft today

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Gaming Sector To Be Worth $340B By 2027 As Crypto Sector Progresses

Gaming is gradually receiving attention in the crypto space. The use of blockchain in developing some gaming platforms is increasing as more people now embrace virtual assets. Also, non-fungible tokens (NFTs) have been acting as the catalyst for accelerating users’ engagement in virtual gaming.

2022-9-5 16:09
gaming crypto virtual sector tokens non-fungible assets

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Custodial vs. Non-custodial NFTs

To interact with blockchain networks, you need to have a crypto wallet. The primary function of a crypto wallet is to enable users to store, send and receive crypto assets like currencies and NFTs.

2022-9-1 06:00	Wallet
crypto wallet nfts store users send enable

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FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report

The accounting standards body outlined its criteria for crypto assets that would be covered by a forthcoming rule regarding companies and their digital assets.

2022-9-1 23:54	policy
assets accounting crypto covered forthcoming regarding digital

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Formula One Files Trademarks for NFTs, Crypto, and Other Digital Assets

In an unprecedented move, Formula One, the organization behind the world’s most prestigious race, files for trademarks concerning NFTs, Crypto, and other digital assets The post Formula One Files Trademarks for NFTs, Crypto, and Other Digital Assets appeared first on NFT News Today.

2022-8-31 05:20	Top Stories
digital formula crypto assets one trademarks nfts

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Celsius Accused Its Money Manager of Theft, CEL Loses 16%

Company believes Keyfi converted assets to NFTs and used Tornado Cash to cover its tracks

2022-8-24 14:52
nfts converted assets tornado tracks cover cash

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NFT Wizards is a Community that Provides Education, Support, and Tools to help NFT Enthusiasts Successfully Trade

NFT Wizards – a 30K+ Discord community focused on teaching NFT enthusiasts how to trade profitably, is about to release its all-new, analytical NFT tool. NFTs (non-fungible tokens) or “digital assets on the blockchain”, can represent any and everything out in this world.

2022-8-23 16:28	Press Release
nft enthusiasts trade community wizards digital assets

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Domain Money Review 2022: Is Domain Money Legit?

Domain Money is a wealth-building platform that offers clients a streamlined means to gain exposure to assets like stocks, cryptocurrencies, ETFs, and NFTs. Domain Money is similar to a hedge fund in that it actively manages customer portfolios, but rather than charging a percentage of performance, it charges a flat management fee of 1%.

2022-8-19 13:16
domain money portfolios fund customer manages actively

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Carbon credit NFTs are only effective if burned, experts say

Environmental concerns plague both the crypto industry and the world at large. However, if used right, blockchain-based assets could offer some relief.

2022-8-12 20:30	DAO
however used large world blockchain-based relief offer

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WIN NFT HERO Offers Players An Excellent Game Experience With Rewards

WIN NFT HERO, a blockchain game based on the TRON network, is leading the GameFi space with its excellent P2E gaming experience. WIN NFT HERO is the next-gen GameFi and NFT turn-based strategy game that allows gamers to fully own their game assets, such as heroes, NFT assets, or equipment. The hero NFTs are meticulously […]

2022-8-6 22:42	Press Release
nft game hero win assets gamefi experience

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BinaryX Releases Rh!noX Whitepaper Detailing New Key Features of Its Ecosystem

BinaryX, a leading P2E game development company, has released the official whitepaper for Rh!noX, a collection of 10,000 NFTs enabling holders to use their assets as avatars on various GameFi and DeFi applications on the BNB Chain.

2022-8-4 16:33
binaryx whitepaper nox use holders nfts enabling

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10th Global Blockchain Congress by Agora Group on November 23rd and 24th in Dubai, the UAE.

The 10th edition of the world-renowned flagship Global Blockchain Congress by Agora Group is taking place on November 23rd and 24th 2022 in Dubai, the UAE. This edition’s main themes are: Digital Assets’ Regulations in the GCC, Web3 Platforms, Metaverse, Gaming, & NFTs.

2022-8-3 15:11	Press Release
24th uae 10th edition 23rd dubai blockchain

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BinaryX Releases RhinoX Whitepaper Detailing New Key Features of its Ecosystem

2022-8-3 15:00	BNC insights
whitepaper binaryx use nfts assets holders enabling

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Jadu AVAs - Web3 comes to life on Planet Earth

Jadu is an AR platform and narrative layer for Web3 and the metaverse. Jadu is pioneering the functionality of digital assets in AR and the physical world by converting 3D NFTs into playable avatars and objects that can interact with each other in an ever-expanding AR game world. Jadu is minting 11,111 AVAs in August.

2022-7-27 03:00	BNC insights
jadu web3 world avas objects nfts playable

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How Blockchain MMORPG Cradles and its Time-Lapsing Virtual World Plans to Shake-Up Online Gaming

Blockchain-based technologies, as expressed by cryptocurrencies and other forms of digital assets like non-fungible tokens (NFTs), are beginning to make their presence felt in many different industries.

2022-7-21 10:57	Cryptocurrency News
tokens non-fungible nfts like digital assets beginning

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3D NFTs: Buy a Ready-To-Go Villa or Zen Garden for Multiple Metaverses

3D NFTs have arrived. A new marketplace now lets enthusiasts own cross-metaverse compatible buildings and other assets as NFTs. The post 3D NFTs: Buy a Ready-To-Go Villa or Zen Garden for Multiple Metaverses appeared first on BeInCrypto.

2022-7-20 08:33
nfts garden multiple zen metaverses buy ready-to-go

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MetaMundo Launches Pioneering 3D Marketplace for the Metaverse

MetaMundo has launched the first 3D marketplace for collecting metaverse scenes and assets. Scenes such as 3D galleries, villas, music venues, parks, avatars and vehicles will be sold as NFTs on the marketplace by leading artists, architects, and designers.

2022-7-20 08:32	Latest News
marketplace metamundo scenes metaverse sold nfts vehicles

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KIA Launches Broadcast Campaign, Offers Viewers Unique NFTs Via QR Code

Per a press release shared with Bitcoinist, major car manufacturer KIA has launched a non-fungible token (NFTs) based campaign in the United States. Called “Built for Whoever You Are” the campaign was created in collaboration with creative agency David&Goliath and represents a milestone for digital assets adoption.

2022-7-16 01:00	NFTs
campaign nfts kia created built called whoever

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XTRA.FUND Launches Blockrating to Instantly Price Blockchain Assets

The world’s first DeFi platform with Price Drop Protection, XTRA. FUND has utilized its in-house talent and proven ability to innovate to incubate, develop, and eventually launch Blockrating. Blockrating, which, once fully ready, will aim to both instantly price, as well as predict the pricing of blockchain-based assets including cryptocurrencies and NFTs with a high level … Continued The post XTRA.

2022-7-15 15:55
price blockrating xtra assets fund instantly both

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How to Buy and Sell Non-Fungible Tokens

Non-fungible tokens (NFTs) are bought as well as sold via a purpose-built NFT marketplace, kind of like Amazon or Etsy, only for digital assets. NFTs marketplaces can be used in order to buy an NFT at a fixed price or function as a virtual auction, much like the exchange system for buying as well as […] The post How to Buy and Sell Non-Fungible Tokens appeared first on CaptainAltcoin.

2022-7-14 13:40	Journal
tokens non-fungible buy like well nft nfts

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How NFTs Forecasted A Crypto Recovery, Nansen Report Claims

Crypto research firm Nansen published a report shared with NewsBTC, on non-fungible tokens (NFTs) and their performance amid the persistent bearish trend across the industry. NFTs have been a hot sector since 2021 as they facilitated broader adoption of digital assets but have taken a toll as Bitcoin and other cryptocurrencies trend to the downside.

2022-7-14 01:16	Crypto
nfts report trend nansen crypto facilitated broader

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MetaTreed: The World’s First Agricultural Plantation Project Connecting Southeast Asian Durian Plantation Communities With NFTs And The Metaverse

Summary: MetaTreed – A revolutionary agricultural metaverse that incorporates a blockchain model which allows NFT holders to benefit from real-world assets in a sector currently expected to grow to $8.

2022-7-12 20:26	Press Release
metatreed metaverse agricultural plantation holders model nft

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What is the Ultimate Blue-chip Crypto Asset: BTC, NFTs, or Land?

One of the biggest changes to the crypto market today compared to the last bear market is the different types of assets that exist. Instead of choosing between Dash, Litecoin, Ethereum, Bitcoin, etc.

2022-7-7 11:30	trading
crypto market exist assets different types instead

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NFT Safety Tips for Digital Collectors

With the rise of NFTs, there has also been an increase in the theft of non-fungible tokens. The good news is that you can follow basic guidelines and tips to ensure the safety of your valuable digital assets.

2022-7-4 13:02
safety tips digital follow basic valuable assets

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Matrixport Launches Institutional NFT Custody Services

Singapore-based digital asset manager Matrixport announced in a Sunday press release that it would now be providing institutional custody services for NFTs through its Cactus Custody service. The digital asset manager with over $10 billion in assets under management says that with this service, institutions would be able to store and manage their digital collectibles […]

2022-6-29 16:15	NFT
custody digital matrixport asset manager service services

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The 5 Types of NFTs You Need To Know About

In spite of all the complex terminology that has been flung around, the most straightforward way to explain NFTs (non-fungible tokens) is as a one-of-a-kind identifier that can assign and verify ownership of digital assets.

2022-6-28 05:30	Non-Fungible Tokens (NFT)
nfts tokens one-of-a-kind explain non-fungible assign ownership

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Nick Tomaino says NFTs will ‘flip cryptocurrencies,’ launches new $100M fund

Nick Tomaino, the founder of crypto-focused investment firm 1confirmation, says non-fungible tokens (NFTs) have a great future ahead as an asset, despite the current outlook. Tomaino, whose venture fund launched in 2017 with $5 million and has grown to over $1 billion in assets under management (AUM), even believes NFTs could go on to “flip […] The post Nick Tomaino says NFTs will ‘flip cryptocurrencies,’ launches new $100M fund appeared first on Invezz.

2022-6-24 18:32	NFTs
nfts tomaino fund nick flip says cryptocurrencies

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Institutions are exploring the space — KPMG Canada crypto team

Kareem Sadek and Kunal Bhasin said the team had seen “a lot of momentum” around the tokenization of assets but was also considering the potential growth of NFTs and the Metaverse.

2022-6-23 23:37
team tokenization assets around momentum metaverse nfts

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Digital Arms Announces Partnership With AFKDAO To Bring DeFi Utility To Firearms NFTs

Digital Arms has announced a key partnership with AFKDAO, which will unlock liquidity value for its firearms NFT gaming assets. The partnership marks a major step in Digital Arms’ mission to facilitate NFT firearm gaming interoperability across all video games platforms.

2022-6-21 16:15
partnership digital arms firearms nft gaming afkdao

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The next step of Gamefi: Outer Ring MMO set to launch +20M randomized NFTs

Outer Ring MMO is launching its NFT Lootboxes next June 29th. With this drop, more than 350. 000 ERC-721 tokens will be minted, validating in-game assets such as weapons, armors, or vehicles. But what is Outer Ring doing differently? The 180.

2022-6-21 16:12	Press Release
outer ring mmo in-game assets validating such

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Blockchain Intelligence Group launches NFT Explorer built on QLUE analytics

Blockchain Intelligence Group, the cryptocurrency compliance and intelligence company, owned by BIGG Digital Assets, today announced the launch of NFT Explorer, the first risk and investigation solution for NFTs, built on the QLUE data analytics platform.

2022-6-17 20:17
intelligence analytics blockchain qlue built nft explorer

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Survey Shows NFT Buyers Flipping Out Due To Profitability Issues

The place of non-fungible tokens has suddenly risen with the digital space over the past year. As a result, more people and brands embrace NFTs on different occasions with different purposes. Some businesses used the assets to create suitable advertisements and sensitize the public.

2022-6-14 12:00
different result nfts embrace occasions people brands

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NFT Crash: The Fundamentals are Relative– Gary Vaynerchuck

The cryptocurrency and NFT markets suffered a devastating depreciation in recent weeks. A report by Yahoo! Finance shows that over $1 trillion worth of crypto assets have gone with the deprecation while NFTs values have dropped by over 80% of their peak market value.

2022-6-9 05:47
nft trillion gone assets worth crypto peak

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What it means to be in the NFT marketplace and the metaverse

NFTs are acronyms for non-fungible tokens, which are unique digital assets that don’t exist in any physical form and are entirely digital. They can be used to sell art and music, or for creating collectibles.

2022-6-9 17:47	NFTs
digital entirely physical exist any form sell

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Transgender teen earns $50 million by selling NFT artwork

Cryptocurrencies aim to make the world decentralised and all-inclusive, regardless of anyone’s background. And thus far, we’ve observed excellent progress towards that aim. Meanwhile, NFTs continue to prove their worth as one of the most desirable digital assets in the market.

2022-6-7 16:57	World
aim nfts meanwhile observed excellent progress towards

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How NFTs Will Dominate the Event Space With Project Galaxy

Some may believe NFTs to be a fad, however, they are expanding across a number of industries such as gaming, real estate, and now thanks to Project Galaxy, even events. Covering the basics NFTs are Non-Fungible Tokens, which, as described by most websites, refer to digital assets that represent real-world objects, such as art, music, … Continued The post How NFTs Will Dominate the Event Space With Project Galaxy appeared first on BeInCrypto.

2022-6-6 13:00
nfts galaxy project such space event dominate

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Crypto Chaos: 70% Of Dead Korean Exchanges Leave Investors High And Dry

Investors in South Korea’s booming cryptocurrency market are facing a digital dust storm after a shocking revelation by financial regulators. A joint study by the Financial Supervisory Service (FSS) and the Korea Financial Intelligence Unit (FIU) found that a staggering 70% of shuttered crypto exchanges left their customers hanging, failing to return invested funds. Related […]

South Korea’s Ministry of Justice forms task force to damper crypto crimes

South Korea’s Ministry of Justice has launched a special task force to combat the increasing prevalence of crypto crimes, signaling a major crackdown on fraud and market manipulation. South Korea is intensifying efforts to clamp down on market manipulation and…

South Korea Busts Crypto Scam: 19 Arrested In ‘Reading Room’ Fraud

South Korean law enforcement has struck a blow against social media-fueled crypto scam with the arrest of 19 individuals linked to a deceptive “crypto reading room.” The Daegu Police Agency’s raid, which unfolded on May 21st, exposed a manipulative scheme that preyed on more than 300 unsuspecting investors, swindling them out of a staggering $19 […]

Korean authorities under pressure amid US, Hong Kong crypto ETF moves

Korean regulators seem to be under pressure as U.S., Hong Kong regulators approved Bitcoin, Ethereum ETFs, sparking debate on crypto’s role in finance. South Korean financial regulators are under mounting pressure to approve exchange-traded funds (ETFs) for cryptocurrencies, following the…

AIOZ Network token rises 17% after Bithumb listing announcement

The AIOZ Network's token has seen a significant surge in market value, climbing over 17% in the last 24 hours to trade at approximately $0.85.

Kraken’s CF Benchmarks hits 50% dominance on crypto ETF market

Kraken’s CF Benchmarks achieves dominance in the crypto ETF market with $24 billion in reference data, gears up for expansion amid unprecedented demand surge. CF Benchmarks, a branch of the cryptocurrency exchange Kraken, is making big gains from this year’s…

2024-6-10 13:05

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