NFTs have moved into the ecosystem of charities, donations and good causes. NFTs can be minted and sold either as standalone art or as a vehicle linked to some physical reward. A smart contract can allow a good cause to receive additional income as its creator if the NFT is subsequently sold on. Any buyer …
In June 2023 a USA Federal judge ruled that MetaBirkin NFTs sold by Mason Rothschild broke the Trademark rights of the French fashion brand Hermes. A February ruling had awarded Hermes $133,000 in damages but Rothschild had continued to market his product. He is now banned from marketing his MetaBirkin range. Note that this is …
The ICO (Initial Coin Offering) is the buildup to the launch of a cryptocurrency or crypto related ‘opportunity’. Investors are encouraged by the prospect of gains when the full system goes live and possibly by other ‘early bird’ inducements. Unlike the similarly named IPO (Initial Public Offering) the investor is not buying a controlling stake …
International legislation is starting to catch up on crypto tokens and currency trading. Although new laws are being created much of the debate depends on deciding what these new entities should be legally defined as and how existing legislation will apply to them. In the USA crypto traders are increasingly coming under the remit of …
From 8th October 2023 UK sellers of crypto products will be required to offer a 24 hour cooling off period between an agreement to purchase and the trade going through. Campaigns must be seen as fair, clear and not misleading. Promotions such as ‘refer a friend’ will be banned. Any such actions will be treated …
The distributed and verified aspects of Blockchain means that data is relatively secure while on the chain. There is a risk of the chain ceasing to exist but deliberately changing the content of a Blockchain would require control of the majority of the computer nodes on that chain. As the nodes tend to be widely …
SecureWeb3 has explained the types of crypto wallet available. The wallets themselves do not contain any crypto currency or NFTs but do work as the keys to alter ownership of Blockchain assets. The wallets are instead used to transfer ownership such a sending or receiving cryptocurrency and to identify what funds are linked to their …
The value of any investment can go up and down although all investors hope for an overall net gain. In the NFT world there is an element of risk not only in the artwork itself but the cryptocurrency it is traded in. A January 2023 article in Vanity Fair alleges that the value of some …
Football (Soccer) has a history of collectables and trading fan merchandise. Rarer match programmes fetch significant sums. Trading cards and stickers offer an ‘affordable’ introduction to the hobby. Digital collections are following this trend. Some brands such as the trading card manufacturer Topps have launched their own digital platforms. Examining the current state of the …
PayPal have quietly launched the ability to buy and hold crypto currencies. Currently [December 2022] Bitcoin, Ethereum, Litecoin and Bitcoin Cash are available to buy and sell for UK PayPal account holders. The buying process is simple, possibly too simple. In the USA there is a tax related question before signing up but this is …
