Category: NFT News

Polish President Karol Nawrocki has vetoed a cryptocurrency regulatory bill for the third time, delaying Poland's adherence to the EU's Markets in Crypto Assets Regulation (MiCA). The latest veto has sparked outrage from government officials, including Prime Minister Donald Tusk, amid concerns over crypto oversight in Poland. With the July...

Highlights Yuga Labs successfully recovered 68 NFTs at risk from Flooring Protocol following an exploit, valued at over $500,000. Despite a cooling market, high-value collections like CryptoPunks and Bored Ape Yacht Club continue to sustain significant floor prices. The Flooring Protocol, already facing challenges, is winding down operations, prompting asset...

Highlights US House Ways and Means Committee introduces seven drafts aimed at simplifying digital asset taxation. Advocates push for reduced tax burdens on crypto transactions, mining, and staking, including a proposed “de minimis” exception. Illinois moves towards a 0.2% tax on crypto transactions as part of its latest state budget....

Highlights Binance ceases NFT support on its exchange, transitioning management to the Binance Wallet. NFT holders must withdraw their assets by July 3, 2025, or risk losing access. The NFT market is experiencing a significant downturn, with major collections dropping below previous high valuations. Transitioning NFT Management In a significant...

Highlights Wyoming Senator Cynthia Lummis warns that the U.S. risks losing its crypto leadership to countries like China if the Digital Asset Market Clarity Act is not passed. JPMorgan CEO Jamie Dimon has voiced strong opposition to the current version of the CLARITY Act, citing regulatory concerns related to anti-money...