Wednesday, December 18, 2024
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NFT Creators Investigated in Israel for Alleged Tax Evasion – Taxes Bitcoin News

Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western Wall NFTs’ Allegedly Sold Without

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Friendsies NFT creators deny ‘abandoning’ project amid rug pull allegations

The team behind nonfungible token collection Friendsies has refuted claims they are “abandoning” the NFT project following a tsunami of “rug pull” accusations. On Feb. 21, the founders behind the NFT project told their Twitter followers that they werputting a “pause” on Friendsies and “all future digital goods” for the

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Ordinal Inscription Collections on Bitcoin Blockchain Grow as Creators Monetize Art – Bitcoin News

With more than 150,000 Ordinal inscriptions on the Bitcoin blockchain, there are now numerous collections as creators and artists have found a new way to monetize their artworks via blockchain technology. In the past month, people have launched collections such as Ordinal Punks, Ordinal Penguins, Bitcoin Shrooms, Inscribed Pepe, Planetary

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Hermès Wins Trademark Lawsuit Against MetaBirkins NFTs, Setting Powerful Precedent for NFT Creators

David Leichtman, Leichtman Law managing partner, told CryptoX TV on Tuesday that the case wasn’t necessarily about Mason Rothschild’s use of the protected Birkin brand. Rather, it was about whether he intended to mislead consumers into believing the MetaBirkin NFTs were associated with Hermès’ flagship product. Source

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Nike’s Web3 Platform .SWOOSH Will Reward Creators for Virtual Sneaker Designs

.SWOOSH community members are invited to participate in a contest called #YourForce1 that challenges users to build a visual storyboard on Instagram showcasing their footwear design. If chosen, four winners will earn $5,000 each and receive an opportunity to work directly with Nike designers to create their own one-of-one digital

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SEC files unregistered securities charges against Thor Token creators for 2018 ICO

The United States Securities and Exchange Commission (SEC) filed a complaint against Thor Technologies and its cofounder and CEO David Chin in U.S. District Court in San Francisco on Dec. 21. The SEC claimed that Thor’s 2018 initial coin offering (ICO) constituted an unregistered securities sale under the Securities Act

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OpenSea Seaport Protocol onboards creators and NFT holders on BNB Chain

Crypto collectibles and nonfungible token (NFT) marketplace OpenSea announced plans to integrate BNB Chain on Seaport Protocol by the end of Q4 2022. The integration will allow users to buy, list and trade BNB Chain NFTs on the OpenSea marketplace.BNB Chain was built by Binance to operate as a Web3-focused

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