Highlights Pudgy Penguins is ending development of its mobile game, Pudgy Party, to focus on a browser-based flagship experience, Pudgy World. The mobile game achieved over 1 million downloads, yet the company sees greater potential in consolidating its efforts around a single product. This decision reflects a broader trend in...
Category: NFT News
Polish President Rejects Crypto Bill Again as MiCA Deadline Approaches: What You Need to Know!
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...
Yuga Labs Developers Step In to Save 68 NFTs From Flooring Exploit!
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...
Upcoming House Hearing: Unpacking the Game-Changing Crypto Tax Proposals
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....
