Bitcoin is breaking new ground with Ordinals, a protocol that lets users inscribe data, like text and images, directly onto individual satoshis, the smallest Bitcoin units. In this guide, we’ll explore the mechanics of Ordinals, their implications for onchain storage, and their impact on Bitcoin …
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TDR Crypto News Today: Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain Fidelity International has successfully tokenized a money market fund using JPMorgan’s blockchain technology. This initiative, first reported on CoinDesk, aims to streamline operations and increase transparency for investors. Read all about it …
Read MoreSouth Korea’s Bold Crypto Guidelines For NFTs Revealed
In a significant move to provide regulatory clarity in the fast-evolving crypto and digital asset space, South Korea’s Financial Services Commission (FSC) has announced new guidelines for regulating non-fungible tokens (NFTs). According to Yonhap news agency, the FSC will start treating certain mass-produced NFTs as …
Read MoreBitcoin.com’s Verse Voyager NFT Collection Sells Out
In a landmark event for the Bitcoin.com Verse community, the Verse Voyager NFT collection has completely sold out.
Read MoreNFT Issuers Face Registration Requirement as Virtual Asset Operators under New Korean Law
South Korea has rolled out a new law, compelling Non-fungible Token (NFT) issuers to register as virtual asset operators. This rule zeroes in on NFTs with distinct traits like wide-scale issuance, divisibility, and their role in transactions. Initially, NFTs weren’t labeled virtual assets per the …
Read MoreSouth Korea’s FSC Issues Guidelines for NFT to Be Considered Virtual Assets
The Financial Services Commission (FSC) of South Korea will consider various factors, including the issuance and distribution structure and the service content, to determine the nature of NFTs. In a significant move ahead of the implementation of the Virtual Asset User Protection Act in mid-July, …
Read MoreSouth Korean Regulator Excludes Certain NFTs From Crypto Regulations
South Korea’s regulator clarifies NFT classification guidelines, detailing when NFTs are considered virtual assets under specific regulations.
Read MoreDOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull Scam
The DOJ and FBI have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes.”
Read MoreBitcoin NFT sales surge, flips Ethereum: A sign of BTC season?
Interest in Bitcoin NFTs grew as weekly sales surged. Activity on the Bitcoin network continued to decline. Ethereum [ETH] had been the undisputed champion in the NFT sector for quite some time. However, in the last few months, Bitcoin [BTC] managed to dethrone Ethereum and …
Read MoreSouth Korea to Consider NFTs as Virtual Assets
South Korea’s Financial Services Commission (FSC) will consider NFTs as virtual assets from July 19. NFTs used for payments and exchanges will be recognized and eligible to accrue interest when deposited in exchanges. The news clarifies the situation of NFTs in the FSC’s guidelines published …
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