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The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also that the application of this regulation presents … Read more
Ricardo Salinas Pliego, president of the Salinas Group, owner of the Elektra Group stores, hinted at the possibility of the shops selling bitcoin. The executive stated that due to the regulations of the Central Bank of Mexico, his company cannot implement cryptocurrency integration in the Azteca Bank app. However, he did point out that Elektra … Read more
On Tuesday, the British-founded American multinational luxury auction company Sotheby’s, headquartered in New York City, announced the auction house is planning to auction a lot of 104 non-fungible token (NFT) Cryptopunks. The lot of 104 NFTs is predicted to fetch around $20 million to $30 million in USD value, according to Sotheby’s. Sotheby’s ‘Punk It!’ … Read more
Data indicates the non-fungible token (NFT) marketplace Opensea has crossed $20 billion in all-time sales. The leading NFT marketplace has seen more than 1.2 million traders leverage the platform since the market’s inception in 2017. 1.2 Million Opensea Traders and $20 Billion in Sales Volume Metrics show that the NFT marketplace Opensea has surpassed $20 … Read more
Following price consolidation on Tuesday, bitcoin prices rebounded on hump-day, as markets reacted to the news that Russia will regulate, and not ban, crypto. Bitcoin Bitcoin was marginally higher on Wednesday, as the world’s largest cryptocurrency received a boost from the news surrounding Russia. BTC/USD rose to an intraday high of $44,312.45 during today’s session, … Read more
Looking on CoinMarketCap, we noticed a cryptocurrency by the name of BoleToken (BOLE) registering a 1400% gain in the past 24 hours. Taking a closer look at the token, we noticed it reached a $451 million valuation only 24-hour after being released on CMC. Let’s find out what all the hype is about and why … Read more
This week, crypto markets continue to trade sideways as Ethereum and Bitcoin hold support. Metaverse crypto coins are seeing significant price gains, with the top token gaining over 39% today. Let’s look at the top three Metaverse crypto coins gaining the most price today, ordered by 24-hour growth, lowest to highest. 3. Kalao (KLO) +8.30% … Read more
During the last week, a large number of truckers are still occupying the streets of Ottawa protesting the vaccine mandates. On Monday, Canadian Prime Minister Justin Trudeau begged protestors to stop the demonstration and said “It has to stop.” Meanwhile, after Gofundme shut down the Freedom Convoy’s fundraiser, crypto advocates have raised 12.41 bitcoin worth … Read more
As Bitcoin and Ethereum are seeing bullish momentum today, Metaverse crypto coins also show upward price movement. Today’s top-performing Metaverse crypto coin is Planet Sandbox, gaining over 85% in the past 24-hours alone. Let’s look at Planet Sandbox and its token PSB and see why the price is rising so much. What Is Planet Sandbox … Read more
Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged to seek to influence from politicians and public officials. Millions of Dollars … Read more