The IRS is considering taxing NFTs like collectibles, causing concern among holders who fear significant taxation in retirement accounts. The public comment process is ongoing, and NFT holders should stay informed about any changes to tax laws.
Arbitrum’s ARB token airdrop faced technical difficulties and user criticism, but still achieved high market value.
CCP Games secures $40m investment from high-profile investors to develop a Web3 MMO game, but the news receives mixed reactions from gamers and Crypto Twitter.
LVMH advocates for a softer version of Web 3.0, known as Web 2.5, as the decentralization ideology slows adoption.
Ripple partners with Great Ormond Street Hospital Children’s Charity, providing aid to children with cancer and their families, commencing with the TCS London Marathon and showcasing blockchain technology’s potential for social causes.
The Federal Reserve’s interest rate decision has caused excitement in the financial market, with Bitcoin investors closely watching to see how it will impact BTC’s price, which has been turbulent over the past year, and the impact of the rate hike on Bitcoin’s price depends on market perception and the broader economic environment.
AI is revolutionizing the crypto industry by detecting and preventing fraud, creating personalized customer experiences, making transactions faster and more efficient, and paving the way for greater financial inclusion.
K-pop star G-Dragon’s first NFT collection, Archive of PEACEMINUSONE, offers 13,444 unique NFTs of his original paintings with benefits for owners, including exclusive merchandise, early concert access, and album access. This marks his return to music after 2017 and is expected to set a trend among K-pop stars, inspiring new ways to engage with fans.
Bitcoin’s trading volumes are increasing in an uptrend alongside a rise in its price, while on-chain data shows the blockchain’s activity is picking up with daily transactions reaching an early 2021 high, suggesting a bullish trend, even as investors look to it as a safe haven amidst concerns of an impending financial crisis.
Although it remains uncertain what value the ARB token will have upon its launch, experts predict it will likely trade within a range of $0.60 to $2.5; however, due to the volatile nature of the cryptocurrency market, it may very well reach double digits. Additionally, it’s worth noting that the ARB token is set to be a pure governance token, without any other incentives attached to it.
