A crypto art piece by Justin Roiland, co-creator of the famous animated series Rick and Morty, has sold for a handsome price on non-fungible token marketplace Nifty Gateway. Dubbed “The First Ever Edition Of Rick And Morty Cryptoart,” the tokenized artwork was sold at silent auction for $150,000. Nifty Gateway announced the news on Twitter on Jan. 19. SILENT AUCTION RESULT "First Rick and Morty Crypto Art" by @JustinRoiland WINNING BID: $150,000 1. blanK Congrats to the winner and to @JustinRoiland! Last 2 silent auctions have 5 minutes remaining. pic.twitter.com/M7k7PzlIRp — Nifty Gateway (@niftygateway) January 20, 2021 The newly sold …
With the market capitalization of digital currencies surpassing $2 trillion, there is now record interest in crypto philanthropy. From helping to build a school in Uganda to fundraising for frontline healthcare workers and raising awareness for artists with intellectual disabilities, many nonprofit projects are gaining traction with generous assistance from crypto enthusiasts. But the rewards of giving crypto to charities aren’t limited to the feeling of having accomplished an altruistic task. The Internal Revenue Service currently classifies crypto as capital assets, like stocks. That means an investor can deduct the full market value of the cryptocurrency at the time of …
On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers' digital assets during a critical exploit. The firm's client accounts were held in Gemini's custody. On February 8, a breach led to the siphoning of $36 million in crypto assets from customers' accounts via unauthorized withdrawals. Since then, both companies have blamed each other for being responsible for the loss of funds. To complicate matters, an allegedly fake 911 call coincided with the time of the hack that distracted many of IRA …
"Not handled well," was how one user described the revelations brought forth by Cointelegraph on Dec. 14 with regard to a leak of 5.7 million Gemini customers' email addresses and partial phone numbers. Shortly after publication, multiple users reached out to Cointelegraph, alleging that the leak, which Gemini attributes to a "third-party incident," happened much earlier than first expected. Mysterious reports of users receiving targeted phishing emails began surfacing on the official r/Gemini Subreddit in the weeks prior. In one thread dating back to November, user DaveJonesBones claimed that he received a targeted phishing email from an address that was …
In a Twitter thread posted on Jan. 25, Duncan Cock Foster and Griffin Cock Foster, co-founders of nonfungible token (NFT) auction platform Nifty Gateway, announced their resignations effective immediately. In supporting the decision, Duncan said they were leaving because “Griffin and I are founders at heart, and we want to start another company.” “When @Gemini acquired NG in 2019, Griffin and I said if everything went amazing and we loved it, we would stay for 4 years before starting another company. We ended up staying the max amount of time we originally thought possible, which shows how great this experience …