NFTs

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IRS aims to tax NFTs in line with other collectibles

0xMain
March 22, 2023

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The IRS is taking steps to tax NFTs like other collectibles, proposing a new framework for public review and comment. The Internal Revenue Service (IRS) is taking steps to ensure that NFTs are taxed similarly to other collectible items. This move by the...

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ParaSpace overcomes hack, almost lost $5m in NFTs

0xMain
March 17, 2023

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In the early hours of March 17, 2023, ParaSpace, an NFT lending project, faced a hack attack but salvaged 2900 ETH (around $5 million) worth of BAYC NFTs. The platform achieved this after noticing a suspicious transaction and halting the entire protocol. ParaSpace...