This Week’s Most Exciting Crypto News: UK Announces NFT and More

Katie R. Ochoa
Photo illustration of coins forming a question mark

Here’s what transpired this 7 days in the entire world of crypto.


Eoneren/iStock/Getty Illustrations or photos

This week introduced some exciting developments in the globe of cryptocurrency and NFTs. Our guide tale is the UK’s push to come to be a center for crypto asset financial investment and technological innovation. We will also dive into a south Florida case wherever US authorities confiscated $34 million in cryptocurrency and Robinhood’s new cryptocurrency wallet. Finally, we will go over Tom Brady’s NFT product sales, a collection of NFT stick figures likely for wild sums of money and what happened to the 1st mainstream video clip activity to combine NFTs as in-match things. 

Welcome Nonfungible Tidbits, CNET’s weekly roundup of news in crypto, bitcoin, NFTs and their connected realms. Read on to find out about the six stories you may possibly have missed this week, and remain tuned for far more future 7 days.


Uk announces NFT to boost nationwide crypto initiative 

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The U.K. desires to be “a international hub for cryptoasset technology and financial investment.”


HM Treasury

The British govt announced designs on Monday to make the United kingdom a world wide hub for investment decision and tech in crypto property. The United kingdom is on the lookout to make stablecoins a valid variety of payment, and the Royal Mint will challenge an NFT to endorse Britain’s crypto push. “The steps we’ve outlined right now will enable to make certain firms can commit, innovate and scale up in this nation,” United kingdom finance minister Rishi Sunak mentioned in the announcement. This arrives just months immediately after the country’s monetary regulator declared all bitcoin ATMs in the United kingdom illegal and ordered them to shut down. The country’s promotion authority has also been cracking down on crypto advertisements in the region for failing to emphasize risks affiliated with cryptocurrency investing. 

Go through CNET’s comprehensive story on the UK’s NFT and crypto designs right here.


US Authorities Seize $34M in Crypto in South Florida Case

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Angela Lang/CNET

US authorities confiscated 34 million worthy of of cryptocurrency that was allegedly made from marketing illicit things and stolen accounts from on the net products and services, which include HBO, Netflix and Uber, on the dim web, the Justice Division reported Monday. The DOJ states this is just one of the premier cryptocurrency forfeiture actions the US has ever filed. The announcement did not specify the id of the south Florida resident the cryptocurrency was confiscated from or if the DOJ was pursuing even more lawful motion.

Read through CNET’s entire tale on the cryptocurrency confiscation right here.


Robinhood rolls out cryptocurrency wallet for people on waiting around list

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Getty

Robinhood’s cryptocurrency wallet is now offered for qualified customers who beforehand signed up for the ready list. The wallet’s launch was introduced by Robinhood CPO Aparna Chennapragada on Thursday at the Bitcoin conference in Miami. The Robinhood crypto wallet allows transferring cryptocurrency into exterior wallets with day-to-day withdrawals capped at $2,999 complete and 10 transactions. Even so, people in Hawaii, New York and Nevada are not eligible to indication up, owing to condition rules. Robinhood has been a matter of controversy because the firm’s purpose in the GameStop stock saga.

Browse CNET’s whole story on Robinhood releasing the cryptocurrency wallets below.


ESPN, Tom Brady provide NFTs to endorse documentary sequence

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Jordon Kelly/Icon Sportswire by means of Getty Visuals

An NFT collection from ESPN and Tom Brady was released Wednesday in live performance with the Tom Brady documentary collection ‘Man in the Arena: Tom Brady’ arriving on Hulu and Disney Furthermore. The NFTs aspect ESPN magazine covers of Brady, assortment from $100 to $500 and have now bought out. Brady, along with his spouse, Gisele Bündchen, previously took an fairness stake in the cryptocurrency exchange FTX and unveiled a professional for the crypto enterprise.

Study CNET’s full tale on the NFTs from ESPN and Tom Brady here.


NFT stick figures are providing for hundreds of pounds

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OpenSea

More than $100 million in cryptocurrency has been expended on ‘mfers,’ an NFT selection showcasing drawings of adhere figures in front of colour backgrounds. Not too long ago, the minimum highly-priced NFT in the assortment was 3.97 ether, or around $14,000, and the collection’s uncomplicated artwork is quite significantly on intent. “Fundamental mfers’ meme artwork is, hilariously, an argument about mental house,” suggests CNET Senior Writer Daniel Van Increase.

Study CNET’s total story on why mfers are selling and what’s driving the prices in this article.


1st mainstream movie sport to use in-match NFTs will finish new information

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Ubisoft

Ubisoft became the first massive movie sport developer to integrate NFTs into mainstream video clip games when the company launched ‘digits’ in Ghost Recon Breakpoint earlier this calendar year, a shift that failed to go around perfectly with a lot of the game’s fanbase. On April 5, only a couple of months submit-integration, Ubisoft introduced it is ending new material for the sport. Having said that, Ubisoft is on the lookout to seek the services of extra blockchain-related roles at the business and reportedly needs to place NFTs in long term video games, so players can likely assume to see NFTs in forthcoming Ubisoft titles. 


Thanks for reading. We will be back again with lots additional up coming week. In the meantime, verify out this cautionary tale from Farnoosh Torabi on how bitcoin blackmailers tried to steal from her dad’s E-Trade account. 

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