Tennis Australia commits to more NFTs despite mayhem in the crypto markets

Almost 2,500 NFTs to be released for the Australian Open, as Tennis Australia says it’s in for the long haul as ‘an innovative company’Get our morning and afternoon news emails, free app or daily news podcastTennis Australia is expanding its NFT ball art offering for this year’s Australian Open, saying it is in it for the long haul despite the uncertainty...

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AFL partner Crypto.com accused of ‘misleading’ advertising practices in UK

British watchdog’s ruling that crypto exchange breached ad standards invites scrutiny of its Australian promotionsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe AFL’s crypto exchange partner, Crypto.com, has breached UK advertising standards on multiple occasions...

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Investors convert ‘totally worthless’ NFTs into tax write-offs

A new service offers a way to offset losses from NFTs during a grim crypto winter that saw demand for digital collectibles vanishJust a year ago, Washington DC’s Hirshhorn art museum – the capital’s preeminent contemporary art museum – was asking whether non-fungible tokens (NFTs) were “fad or the future of art”. Twelve months on, it looks like “tax...

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Federal court bars Australian company from releasing unsanctioned Pokémon-branded NFTs

Parramatta-based developer Kotiota also made false representations about its relationship with The Pokémon Company International, court hearsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe owners of the Pokémon brand hired private investigators to track down the Australian...

Dec 2022

Donald Trump’s digital trading card collection sells out in less than a day

NFTs were priced at $99 each and depict the former US president in guises including superhero, astronaut and race car driverDespite being widely mocked online, former US president Donald Trump’s collection of digital trading cards have sold out in less than a day, netting US$4.5m in sales.On Wednesday, Trump alerted fans to a “major announcement” on...

Dec 2022

Crypto was supposed to solve financial corruption. The FTX scandal shows it’s got worse | David A Banks

The collapse of the feted company should provide a wake-up call to Rishi Sunak, who has been singing the praises of cryptocurrenciesOn 11 November 2022 FTX declared bankruptcy. The firm was once heralded as the Goldman Sachs of crypto, and its CEO, Sam Bankman-Fried, was deemed by some the next Warren Buffett. And now, just after proclaiming in an interview...

Dec 2022

The power of simplicity: Magnum’s latest NFT collection – in pictures

Featuring prison abattoirs and Mexican rain rituals, the second in a series of three non-fungible token sales celebrates 75 years of the iconic photo agency Continue reading...

Nov 2022

Back to the future: cutting-edge images at Paris Photo – in pictures

The 25th edition of Paris Photo features cinematic landscapes, abandoned babies and a venture into the world of NFTs Continue reading...

Nov 2022

Apple again accused of being anticompetitive as it changes NFT rules

App Store update undercuts a key feature of non-fungible tokens by banning their use to unlock contentApple is facing new accusations of anti-competitive behaviour after changing the rules on non-fungible token-powered apps and adding more paid-for promotions to the company’s App Store.Apple introduced the changes as part of a number of updates to the...

Oct 2022

The Guardian view on Damien Hirst’s NFTs: posing a burning question | Editorial

The artist is not alone in looking to cash in on content-free art. Only time will separate the stunts from the lasting innovations ...

Oct 2022