Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. As serious rumors go, multiple sources claim that the world’s largest e-commerce enterprise will start offering NFTs. If Amazon goes through with it, we could see the ultimate mainstreaming of digital assets and associated […]
Tag: STO
Lawmakers Push for Bill to Fix “Regulatory Overreach” on Crypto
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. A group of US lawmakers led by congressmen Patrick McHenry and Ritchie Torres plans to reform the crypto tax reporting provisions introduced in 2021 under the $1.2 trillion infrastructure bill. The lawmakers said the […]
Forkast Labs Launches NFT Indices, Yuga Labs Concludes Controversial Auction, Amazon NFTs Murmur Grows and More
Renewed public interest in non-fungible tokens (NFTs) reflected by swollen market activity so far this year has teased a resurgence of the niche. The space has maintained its newly-found recovery pace in March, with more startups and even traditional brands taking up digital collectibles or announcing ventures in the sector. Earlier this week, Yuga Labs […]
Grayscale Faced with New Lawsuit as it Prepares to Issue Oral Arguments in Battle with SEC
Hedge fund Alameda Research, the trading arm of the now-bankrupt crypto exchange FTX, announced on Monday that it had sued cryptocurrency management company Grayscale and its owner Digital Currency Group (DCG), over the structure of their Bitcoin and Ethereum trusts, dealing another blow to the SoftBank-backed crypto conglomerate. The leadership at Grayscale and DCG are […]
NFTs: Will They Disrupt Traditional Art Markets?
<p>Non-fungible tokens (NFTs) have recently made headlines, particularly in the art world. These digital assets are gaining popularity, with many artists and collectors using them to buy and sell art. But, what are NFTs, and will they have an impact on traditional art markets? </p><p>What Are NFTs?</p><p>In a nutshell, NFTs are one-of-a-kind digital assets that […]
Thailand to Offer Tax Breaks for Firms that Issue Security Tokens
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Thailand’s cabinet announced on Tuesday it has agreed to offer tax breaks for digital token issuers in the country, Reuters reported. The move, a year after the government relaxed tax rules for digital asset […]
Kraken to Move from Exchange to Crypto Bank amid US Regulatory Dispute
<p>Kraken, one of the major cryptocurrency exchanges, confirmed its plans to launch a crypto banking suite in the foreseeable future. The move was first announced in 2020, and the idea is now reappearing amid recent regulatory issues in the United States, where the <a href=”https://www.financemagnates.com/terms/s/securities-and-exchange-commission-sec/” class=”terms__main-term” id=”3718b4df-fc5f-479a-861e-f52759439c15″ target=”_blank”>Securities and Exchange Commission (SEC</a>) banned Kraken’s staking […]
Egyptian Authorities Arrest 29 in Connection to a $620K Crypto Scam
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. According to a Monday report, authorities in Egypt recently arrested 29 people connected to a cryptocurrency scam carried out through a fraudulent network called “HoggPool”. The scam allegedly operated between August 2022 and February […]
Bankruptcy Judge Says He’d Protect Voyager if it Violates Securities Law
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Recently, Judge Michael Wells commented that he would not allow the SEC to target Voyager’s restructuring advisors over their plans to implement their bankruptcy plan. The SEC has repeatedly filed objections to the bankrupt […]
SEC Unveils Emergency Action Against BKCoin Over a $100M Crypto Scam
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. This Monday, the Securities and Exchange Commission announced it had filed an emergency action against a Florida-based firm called BKCoin. The Commission also revealed it had filed a sealed complaint against the company already […]
