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Articles for Nfts, search results for cryptocurrencies

Man 'Accidentally' Burns NFT Worth Rs 1 Crore, Ends Up Losing A Third Of His Wealth
1 year, 8 months ago

Man 'Accidentally' Burns NFT Worth Rs 1 Crore, Ends Up Losing A Third Of His Wealth

News 18  

A Canada-based man accidentally burned ‘CyptoPunks #685’, a non-fungible token collection on the Ethereum blockchain, worth Rs 1 crore. He said, “Something went wrong in trying to create a proxy wallet.” Today I accidentally burned a @cryptopunksnfts trying to wrap punk 685.I was so focused on following the instructions exactly, that I slipped up, destroying a third of of my …

Twitter Address Riley Nft Step Nfts Man Accidentally
Why cryptocurrencies, NFTs likely to become attractive payment for buying home
2 years, 4 months ago

Why cryptocurrencies, NFTs likely to become attractive payment for buying home

Live Mint  

Despite their volatile nature, Bitcoin and other cryptocurrencies are seen to have the potential for enhancing the digital world. Vinit Khandare, CEO and Founder, MyFundBazaar said, "While Web3’s relevance to the real estate market can be unclear, the correlation between an intangible like bitcoin and a solid home might pose questions to many. Explaining the pros of blockchain in real …

Real Estate Property Blockchain Digital Bitcoin Payment Cryptocurrencies
Confused About Which NFTs Are Virtual Digital Assets? Finance Ministry's CBDT Clears the Air
2 years, 5 months ago

Confused About Which NFTs Are Virtual Digital Assets? Finance Ministry's CBDT Clears the Air

News 18  

The Central Board of Direct Taxes, which is part of the Ministry of Finance’s revenue division, has said that only NFT trades without a concurrent sale of the underlying physical asset will be subject to the tax rates laid forth for virtual digital assets. In the notification, CBDT said: “The Central Government hereby specifies a token which qualifies to be …

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Facebook users could soon experience NFTs on the platform
2 years, 5 months ago

Facebook users could soon experience NFTs on the platform

The Hindu  

Like other social media giants, Meta Platforms, Inc., has unveiled plans to enter the NFT market which saw record volumes and investor interest last year and early this year. A Meta spokesperson reportedly confirmed to TechCrunch on Thursday that select creators in the USA could post and showcase their “digital collectibles” - Meta’s term for NFTs - on their profile …

Meta Facebook Facebook Users Nft
Bill Gates Dismisses NFTs, Crypto As Shams 'Based On Greater-Fool Theory'
2 years, 6 months ago

Bill Gates Dismisses NFTs, Crypto As Shams 'Based On Greater-Fool Theory'

ABP News  

Bill Gates, the billionaire co-founder of Microsoft, has dismissed crytpocurrencies and non-fungible tokens as shams “based on the greater-fool theory.” Gates, who is also the founder of sustainable energy venture fund Breakthrough Energy, was speaking at the TechCrunch Sessions: Climate 2022 conference when he made the statement. Speaking at the TechCrunch event on Tuesday, Gates didn’t hold back on sarcasm …

Crypto Gates Bill Gates
Sunak to forge ahead with 'NFT for Britain' despite plunge in markets
2 years, 6 months ago

Sunak to forge ahead with 'NFT for Britain' despite plunge in markets

The Telegraph  

Rishi Sunak is to forge ahead with plans for an “NFT for Britain” despite market turmoil that has wiped billions of pounds off the digital assets. “The NFT market is either going to recover and thrive on its own, in which case there is no need for the Government to get involved, or it won't, in which case no-one will …

Market Crypto Digital Treasury Britain Mint Nft
Environmental charities ditch cryptocurrencies after admitting they damage the planet
2 years, 8 months ago

Environmental charities ditch cryptocurrencies after admitting they damage the planet

The Telegraph  

Mr Brownbill said: “We decided no, this goes against the values of the charity, it goes against the values of most environmental charities. “We didn’t just slow down our endeavours into the crypto space, we released a statement, removed our crypto wallet and ended relationships with all potential and existing partners overnight.” In February, the WWF halted its sale of …

Environmental Nft
Cryptos As Payment Option For Buyers: Here's What Amazon CEO Has To Say
2 years, 8 months ago

Cryptos As Payment Option For Buyers: Here's What Amazon CEO Has To Say

News 18  

-Amazon.com Inc Chief Executive Officer Andy Jassy said the e-commerce giant is not close to adding cryptocurrency as a payment option to its retail business, in an interview with CNBC on Thursday. He also said it might be possible to sell non-fungible tokens on its e-commerce platform and expects NFTs to continue to grow "significantly." A growing number of companies …

Nft
18% of super-rich Indians invested in cryptocurrencies, NFTs last year: Report
2 years, 9 months ago

18% of super-rich Indians invested in cryptocurrencies, NFTs last year: Report

India TV News  

Highlights Nearly 20 percent of Indian UHNWIs invested in crypto assets in 2021 The Wealth Report states 11 percent of global UHNWIs have invested in NFTs In 2018, The Wealth Report had first explored the potential of blockchains. Nearly 20 percent of Indian ultra-high-net-worth individuals invested in crypto assets last year amid the rising popularity of cryptocurrencies and NFTs, according …

India Wealth Crypto Indian Cryptocurrencies Report Knight Frank
Intel launches blockchain chip to tap crypto boom
2 years, 10 months ago

Intel launches blockchain chip to tap crypto boom

The Hindu  

Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship later this year and the first customers include Block Inc, the Jack Dorsey-led firm that recently changed its name from Square Inc to highlight its growing focus on the …

Intel Chip
Playing With Crypto? You’ll Need a Wallet (or Several)
2 years, 10 months ago

Playing With Crypto? You’ll Need a Wallet (or Several)

Wired  

If people who buy cryptocurrencies intended only to hold on to them as speculative investments, there'd be no real need for crypto wallets. Wallets can also store digital collectibles like NFTs that you might want to buy, sell, trade, or transfer to someone else, or even to another wallet you own. And, because they’re typically decentralized, even if they’re created …

Nft Solana Opensea Crypto Wallet
Why are celebrities buying million-dollar ape cartoons? NFTs, explained
2 years, 10 months ago

Why are celebrities buying million-dollar ape cartoons? NFTs, explained

LA Times  

An NFT titled “Shift//” by Mad Dog Jones is displayed during a preview of “Natively Digital: A Curated NFT Sale” at Sotheby’s in New York City in June. An NFT enables people to declare, “This particular copy is the authentic original, and here’s who owns it.” Although NFT sales aren’t immune to fraud and other crimes, the tokens themselves are …

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India budget 2022: India announces 30% tax on all cryptocurrencies and NFTs
2 years, 10 months ago

India budget 2022: India announces 30% tax on all cryptocurrencies and NFTs

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India has imposed a 30 per cent tax on any income from the …

Tax Digital Currency Indytech Digital Assets India Budget
Union Budget 2022 | Virtual digital assets such as cryptos, NFTs to be taxed at 30%
2 years, 10 months ago

Union Budget 2022 | Virtual digital assets such as cryptos, NFTs to be taxed at 30%

The Hindu  

Finance Minister Nirmala Sitharaman, during her Budget speech in Parliament on Tuesday, announced a scheme for taxation of virtual digital assets, such as cryptocurrencies and non-fungible tokens. Stating there had been a phenomenal increase in transactions in virtual digital assets, she said the magnitude and frequency of these transactions had made it imperative to provide for a specific tax regime. …

Tax Asset Union Budget Virtual Digital Assets Virtual Digital Virtual Digital Asset
Expect in 2022: Regulations on cryptocurrencies in India coming but no outright ban
2 years, 11 months ago

Expect in 2022: Regulations on cryptocurrencies in India coming but no outright ban

India Today  

2021 was the biggest year for cryptocurrencies. Bitcoin was already popular, but the past 12 months have seen greater adoption of other crypto coins like Ethereum, Cardona, Dogecoin and even distant spin-offs like Shiba Inu. The past year saw El Salvador accept Bitcoin as legal tender, a lot of companies started accepting payments in cryptocurrencies, major celebrities bought NFTs and …

India Crypto Cryptocurrencies
Year Ender 2021: Was 2021 The Wildest Year For Cryptocurrencies?
2 years, 11 months ago

Year Ender 2021: Was 2021 The Wildest Year For Cryptocurrencies?

News 18  

Bitcoin close to $70,000,?memecoins? worth billions of dollars, a blockbuster Wall Street listing and a sweeping Chinese crackdown: 2021 was the wildest yet for cryptocurrencies, even by the sector?s volatile standards. Emblematic of bitcoin?s mainstream embrace was major U.S. exchange Coinbase?s $86 billion listing in April, the biggest yet of a cryptocurrency company. 2/The rise of the memecoins Even as …

Crypto Digital Bitcoin Wall Street Nfts
The year of the Doge? 2021, crypto’s wildest year yet
2 years, 11 months ago

The year of the Doge? 2021, crypto’s wildest year yet

The Hindu  

Bitcoin close to $70,000, "memecoins" worth billions of dollars, a blockbuster Wall Street listing and a sweeping Chinese crackdown: 2021 was the wildest yet for cryptocurrencies, even by the sector's volatile standards. "It's graduated into the sphere where it is traded by the sort of people that are taking bets on treasuries and equities," said Richard Galvin of crypto fund …

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Explained: Why some NFTs are so expensive
3 years ago

Explained: Why some NFTs are so expensive

The Hindu  

Nonfungible tokens burst onto the scene earlier this year when some of them started pulling in millions of dollars at auctions. "The buyer knows how many will be made and has blockchain proof of ownership," American billionaire and NFT collector Mark Cuban told online news portal Business Insider. "What we observed is that there is this gigantic heterogeneity in the …

Art Market Data Sales Cent Nft Nfts
Investing in cryptocurrencies, NFT? Soon, you may have to pay 18% GST
3 years, 1 month ago

Investing in cryptocurrencies, NFT? Soon, you may have to pay 18% GST

Business Standard  

Proposal to impose GST on cryptocurrencies, NFTs being examined by Tax Research Unit to plug revenue loss Transfer, storage, supply, exchange, management, trade and creation may be treated as services Exchanges might pass on tax liability to customers GST rate of 18% might apply Framework to tax the use of blockchain also likely to be drawn up The government is …

Tax Blockchain Cryptocurrencies Nft
Collectors of digital NFTs see a market worth the risk
3 years, 6 months ago

Collectors of digital NFTs see a market worth the risk

Live Mint  

They are technology enthusiasts on the hunt for opportunities in the Wild West market surrounding NFTs: the popular certified digital objects that have spawned a new generation of collectors convinced of their huge potential. NFTs - "Non-Fungible Tokens" -- are digital objects such as drawings, animations, pieces of music, photos or videos, whose authenticity is confirmed by blockchain technology, preventing …

Market Digital Kang Sell Nfts Nft World Digital Objects
Sotheby’s introduces cryptocurrency sales with a famous Banksy work
3 years, 7 months ago

Sotheby’s introduces cryptocurrency sales with a famous Banksy work

CNN  

CNN — Sotheby’s has become the first major auction house to introduce cryptocurrencies as a payment method for physical artworks, following its prior sales with digital NFT art last month. “Love is in the Air”, one of street artist Banksy’s most recognizable works, is the first piece that Sotheby’s will make eligible for purchase via either Bitcoin or Ether. The …

Art Love Work Digital Bitcoin Nft Banksy
How bad are NFTs for the environment?
3 years, 8 months ago

How bad are NFTs for the environment?

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We feel that NFTs are a transformative technology that can make significant, positive change for digital artists,” concluded ArtStation’s …

Environment Nfts
Vignesh Sundaresan | The nifty bidder
3 years, 9 months ago

Vignesh Sundaresan | The nifty bidder

The Hindu  

On March 11, after selling an artwork for over $69 million to someone with the pseudonym Metakovan, auction house Christie’s noted that “this piece now ranks third amongst the most valuable artworks ever sold by a living artist”. In another Metapurse blog post, NFTs are described as “the centre of a renaissance — of finance, technology, creativity, collaboration, and culture …

Art Work Digital Bitcoin Nft Ethereum Nfts
What the Heck Are NFTs, and Why Are Grimes, Lindsay Lohan, and the Guy Who Made Nyan Cat Selling Them?
54 years, 11 months ago

What the Heck Are NFTs, and Why Are Grimes, Lindsay Lohan, and the Guy Who Made Nyan Cat Selling Them?

Slate  

You know Nyan Cat? Take the art that Grimes sold: The digital images and short videos she put up for sale—and which went for prices as high as $389,000—are freely available on the web, so you don’t really have to “own” anything to view and appreciate the art, nor did buying one get you something like a canvas or other …

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