Tag: nfts

US DoJ charges fraudsters for $1m NFT fraud scheme

Two fraudsters have been charged with conspiracy to commit wire fraud and conspiracy to commit money laundering through a non-fungible token (NFT) fraud scheme.

Visa launches initiative to help creatives benefit from NFTs

Visa has unveiled a new program aimed at helping digital-first creatives grow their small businesses through non-fungible tokens (NFTs).

Crypto, NFTs ads required to carry ‘highly risky’ disclaimer

The Advertising Standards Council of India (ASCI) has said that all ads for virtual digital assets may carry a disclaimer underlining their riskiness.

HMRC seizes NFTs for first time ever in £1.4m fraud bust

Her Majesty’s Revenue and Customs have revealed that have seized 3 non fungible tokens (NFTs) during an investigation into a fraud case worth £1.4m.

Is regulation on the horizon for NFTs?

The growth of non-fungible tokens (NFTs) has been stratospheric over the past two years, with the market showing no signs of slowing down in 2022. After recently hitting a $41bn value at the end of 2021, the number of prying regulatory eyes on the industry are growing. Will this be the year we see wholesale regulation on NFTs?

Tiger Global backs NFT-focused RareCircles in $7.5m seed

RareCircles, a platform for building non-fungible token (NFT) memberships, has raised $7.5m from a seed funding round led by Tiger Global.

NFT wallet Phantom bags $109m Series B

Phantom, which claims to be the fastest growing crypto wallet, has bagged $109m in its Series B funding round, which was led by Paradigm.

Pluto scores $4m for its retail investing app

Free investing platform Pluto has raked in $4m in its seed funding round, which was led by at.inc.

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