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Finance Minister Rishi Sunak has asked the Royal Mint — the government-owned company responsible for minting coins for t...
08/04/2022

Finance Minister Rishi Sunak has asked the Royal Mint — the government-owned company responsible for minting coins for the U.K. — to create and issue the NFT “by the summer,” City Minister John Glen said at a fintech event in London. “There will be more details available very soon,” he added.

The U.K.’s NFT initiative is part of a broader effort by the government to “lead the way” in crypto, according to Glen. The minister announced a number of steps the U.K. will take to bring digital assets under more regulatory scrutiny, including plans to:

* Bring stablecoins within the U.K.’s existing regulations on electronic payments.
* Consult on a “world-leading regime” for regulating trade in other cryptocurrencies, including bitcoin.
* Ask the Law Commission to consider the legal status of blockchain-based communities known as decentralized autonomous organizations, or DAOs.
* Examine the tax treatment of decentralized finance (DeFi) loans and “staking,” which gives crypto users the ability to earn interest on their savings.
* Establish a Cryptoasset Engagement Group that will be chaired by ministers and host members from U.K. regulators and crypto businesses.
* Explore the application of blockchain technology in issuing debt instruments.

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NFT Sales Rebound After Last Week’s Drop in Volume.NFT market activity has picked up some steam over the last week as NF...
08/04/2022

NFT Sales Rebound After Last Week’s Drop in Volume.

NFT market activity has picked up some steam over the last week as NFT sales increased by 34.62%, according to current statistics on Monday. The $779 million in sales derived from 14 different blockchains, and Ethereum sales saw the second-largest increase. Ethereum NFT sales are up 40.39% this week gathering $672 million of NFT sales during the last seven days.

The most expensive NFT sale during the last week took place 17 hours ago when Cryptopunk 8865 sold for 450 ether or $1.57 million. Cryptopunk 4985 was the second most expensive NFT sale, gathering 217 ether or $732K at the time of settlement. The third-biggest NFT sale this week was Bored Ape Yacht Club 1562 for $697 million or 200 wrapped ether (WETH).

Azuki took this week’s top position in terms of the NFT collection with the most NFT sales volume. Out of 735 buyers and 1,115 transactions, Azuki’s sales increased 94.68% to $95 million this week. The second-largest NFT sales volume this week stemmed from the NFT collection called Something as it collected $51 million in sales over the last seven days.

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Opensea visitors can soon pay with credit cards if they don’t own any crypto assets, according to a tweet from the compa...
07/04/2022

Opensea visitors can soon pay with credit cards if they don’t own any crypto assets, according to a tweet from the company Moonpay. “Sail the Opensea with your card,” Moonpay detailed on Friday. “Soon, you will be able to buy NFTs with Visa, Mastercard, Apple Pay, Google Pay, and more,” the firm added.

Currently, Opensea users are required to leverage crypto assets like ethereum (ETH) to purchase NFTs on the marketplace platform. The Moonpay integration will change that going forward, and Opensea visitors will have the ability to choose from an assortment of payment options.

On Friday, Moonpay did not disclose when the credit card support would be added. Moonpay’s announcement follows the partnership between Coinbase and Mastercard as the two companies want to make NFTs accessible to everyone. According to the announcement, shoppers leveraging the upcoming Coinbase NFT Marketplace will be able to use Mastercard-supporting credit and debit cards.

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