Sotheby rakes $100 million profit from NFT auctions

Sotheby rakes $100 million profit from NFT auctions

The NFT market has grown exponentially, with over $1 Billion in sales last year. Although it’s still a small share of the overall gaming industry, these collectible games have caught on and are becoming mainstream as seen by Sotheby’s recent auction from CryptoKitties that raked in $100 million The “selling nft” is a company that … Read more

Bank of England warns crypto could threaten the established financial system

Bank of England warns crypto could threaten the established financial system

The Bank of England warned that cryptocurrencies could threaten the established financial system if they cannot be regulated. The warning comes amid a series of similar warnings from major world powers, including China and Russia, about crypto-related scams which are increasing in number as blockchain technology becomes more popular. The “how will digital currency affect … Read more

This 19th-century playing card company is launching an NFT collection

NFT collection

The company has a track record of producing some of the world’s most collectible playing cards, and they are now set to release their first NFT collection. It will be interesting to see how this new platform takes off in a market that is increasingly dependent on digital goods. The “locg nft marketplace” is a … Read more

Brazil considers zero tax on green bitcoin mining

Brazil considers zero tax on green bitcoin mining

Brazil’s government is considering a new tax proposal that will give bitcoin miners in the country zero tax. The initiative would also be an unprecedented move for a nation to endorse cryptocurrencies, which some have criticized as being primarily used by criminals and money launderers. Brazil is considering a zero tax on green bitcoin mining. … Read more