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IRS announces key changes for NFTs in latest tax guidelines

The United States Internal Revenue Service (IRS) has released an updated draft of the 2022 tax form which has provided clarity regarding the guidelines for taxes pertaining to the crypto industry, more particularly for NFTs. Similar tax for NFTs, crypto, and Stablecoins One of the major changes that have been made is the alteration of language …

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197 NFTs stolen from LiveArtX as floor price falls through

LiveArtX has become the latest Web3 firm to fall victim to a hack this month. The NFT platform saw dozens of its Meta-morphic: Seven Treasures Collection NFTs being stolen after the platform’s Treasury and Campaign Wallet were compromised.  Details of the hack The hacker got away with as many as 197 Mystery Boxes (NFTs) that …

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