NFT

South Korean Regulator Excludes Certain NFTs From Crypto Regulations

South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday…
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NFT

NFT Sales Climb 7.33%, Mythos, Blast, and Solana Lead the Charge

Non-fungible tokens (NFTs) had quite the boost this week, with sales climbing by 7.33% compared to the previous one, totaling $77.13 million. The number of NFT sellers skyrocketed by 95.68%, while buyers surged 137.48%, giving the market a noticeable lift. NFT Gains: Digital Collectible Buyers Increase by 137% as Sales Hit $77.13M After several weeks [……
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NFT

SEC Hits Flyfish Club With Charges for Unregistered NFT Offering

The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted…
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NFT

NFT Sales Drop 7.91% as Buyers and Sellers Pull Back Sharply

Over the past seven days, non-fungible token (NFT) sales have dipped once again, sliding 7.91% compared to the previous week. The number of NFT buyers has taken a notable hit, plummeting 73.46%, and sellers are following suit, down 61.18% from last week. NFT Sales Total $74.86M in a Week Marked by Buyer Decline In the [……
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