NFTS Financial News

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Most cryptocurrencies were in the red in early trade on March 30. The global crypto market cap dropped 0.95 percent to $2.12 trillion in the last 24 hours, while the total crypto market volume slipped 2.26 percent to $116.49 billion.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Cryptocurrencies traded in the green early on March 14. The global crypto market cap is $2.00 trillion, a 2.74 percent increase over the last day. The total crypto market volume over the last 24 hours is $106.81 billion, an increase of 8.83 percent.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Sportzchain has launched exclusive NFTs of Tamil Thalaivas, a Pro-Kabaddi team. These exclusive NFTs are now available on Sportzchain’s NFT-page hosted on NgageN. The development will take place in two phases. The first phase includes the digital collectibles of player cards and exclusive moments from Tamil Thalaivas’ last season in the Pro Kabaddi League (PKL). Those who possess the digital collectibles will be eligible to purchase one-of-a-kind phygital collectibles, which will be Tamil Thalaivas players’ signed memorabilia honoring a notable achievement during last season.

Wladimir Klitschko has launched an NFT collection to aid the war-hit homeland. The decorated boxer has partnered with artist WhIsBe amid the ongoing crisis in the country. All proceeds from the collection titled — Vandalz for Ukraine: WhIsBe x Wladimir Klitschko — will go to Red Cross Ukraine and UNICEF. NFT marketplace OpenSea will be hosting the drop. The NFTs will be available to mint in a tiered pricing model of $100, $1,000 and $10,000. Funds from the NFT sale will go directly to Ukraine in its current defence against the Russian forces.

OKX, a crypto trading platform, has announced a partnership with Jack Ma-owned South China Morning Post (SCMP), a 118-year-old Hong-Kong based English daily, to create NFTs. OKX, which claims to be the world’s second-largest crypto exchange by spot trading volume, will enable the publication to create NFTs of their historical archives consisting of video clips, stories and coverage of historical events. Jay Hao, OKX CEO, said, «There is significant potential in the crypto and metaverse space and OKX is striving to create a more welcoming environment for all. Our collaboration with SCMP is just the beginning of this ambitious program.»

Dadara in the art community, has created 7.9 billion identical NFTs, one for every headcount on the planet. This large number of NFTs are a result of an experiment concocted by Dutch artist Dadara and NFT digital rights management platform RAIRtech to provide immutable blockchain identity. However, the identical NFTs have their own serial numbers, giving them a name or different identity.

ASCI) has issued a set of guidelines for the advertisement and promotion of virtual digital assets (VDAs). ASCI in its order observed that advertising for VDAs, commonly referred to as crypto or NFT products, has been very aggressive over the past few months and said that several advertisements have failed to disclose risk associated. «We have extensively consulted with different stakeholders including government and the virtual digital asset industry to frame guidelines for VDA advertising,» it said in a release on Wednesday.

Asgard, a decentralized currency reserve protocol, has announced the launch of Decentralized autonomous organization (DAO) that will attempt to bring metaverse, DeFi and NFTs under one roof. A decentralized autonomous organization or DAO is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. Asgard is focusing on providing a holistic platform to the users where they can have access to all the elements of metaverse at once with ease.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

cryptocurrencies or other digital assets such as NFTs from crypto exchanges as part of their compensation package will face 30% tax on these as they will be defined as a «gift» under the new tax law and not salary or employee stock options (esops), say experts Many exchanges have rolled out their own tokens and offered these as part of their employees' annual income-along the lines of esops. In some cases, it was also linked to employee performance and employees' achieving certain targets. Tax experts say even if the employee hasn't sold such coins, she will be required to cough up the tax during the assessment year. «Unlike the esops tax regime where employees can first vest and then pay taxes on exercise, this beneficial regime is not available for cryptos received by employees. This will also mean that the employee will be required to pay 30% tax on the fair value of crypto assets she received from her employer even if she hasn't sold them,» said Amit Maheshwari, tax partner at tax consultancy firm AKM Global.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.