This Week’s Most Exciting Crypto News: UK Announces NFTs And More

Here’s what happened this week in the crypto world.

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This week has brought some exciting developments in the world of cryptocurrency and NFTs. Our main story is the drive for the UK to become a center for investment and technology in crypto assets. We’ll also dive into a South Florida case where US authorities confiscated $34 million worth of cryptocurrency and Robinhood’s new cryptocurrency wallet. Finally, we’ll discuss Tom Brady’s NFT sales, an NFT action figure collection for crazy sums, and what happened to the first mainstream. video game to integrate NFTs as game objects.

Welcome Nonfungible Tidbits, CNET’s weekly roundup of news on crypto, bitcoin, NFTs, and related areas. Read on to learn more about the six stories you may have missed this week, and stay tuned for more next week.

UK Announces NFT to Promote National Crypto Initiative


The UK wants to be “a global hub for technology and investment in crypto-assets”.

Her Majesty’s Treasury

The UK government on Monday announced plans to make the UK a global hub for crypto asset investment and technology. The UK is looking to make stablecoins a valid form of payment, and the Royal Mint will issue an NFT to promote the UK crypto push. “The measures we have outlined today will help ensure businesses can invest, innovate and grow in this country,” UK Finance Minister Rishi Sunak said in the announcement. This comes just weeks after the country’s financial regulator declared all Bitcoin ATMs in the UK illegal and ordered them to close. The country’s advertising authority has also cracked down on crypto advertisements in the country for failing to highlight the risks associated with investing in cryptocurrencies.

Read CNET’s full story on the UK’s NFT and crypto plans here.

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


Angela Lang/CBS

US authorities have confiscated 34 million cryptocurrency believed to have been made from the sale of illicit items and accounts stolen from online services including HBO, Netflix and Uber on the dark web, it said on Monday. the Ministry of Justice. The DOJ says this is one of the largest cryptocurrency confiscation actions ever brought by the United States. The announcement did not specify the identity of the South Florida resident from whom the cryptocurrency was confiscated or whether the DOJ was pursuing any further legal action.

Read CNET’s full story on the cryptocurrency confiscation here.

Robinhood is rolling out a cryptocurrency wallet for people on the waitlist



Robinhood’s cryptocurrency wallet is now available to eligible users who have previously joined the waitlist. The release of the wallet was announced by Robinhood CPO Aparna Chennapragada on Thursday during the Bitcoin conference in Miami. The Robinhood Crypto Wallet allows cryptocurrency to be transferred to external wallets with daily withdrawals capped at $2,999 in total and 10 transactions. However, residents of Hawaii, New York, and Nevada are not eligible to register, due to state regulations. Robinhood has been a subject of controversy since the company’s role in the GameStop stock market saga.

Read CNET’s full story on Robinhood releasing cryptocurrency wallets here.

ESPN and Tom Brady sell NFTs to promote documentary series


Jordan Kelly/Icon Sportswire via Getty Images

An NFT collection of ESPN and Tom Brady was released in concert on Wednesday with the Tom Brady documentary series “Man in the Arena: Tom Brady” arriving on Hulu and Disney Plus. NFTs feature Brady’s ESPN magazine covers, range from $100 to $500, and are already sold out. Brady, along with his wife, Gisele Bündchen, previously took a stake in cryptocurrency exchange FTX and posted an advertisement for the crypto company.

Read GameSpot’s full story on ESPN and Tom Brady’s NFTs here.

NFT stick figures sell for thousands of dollars

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Over $100 million in cryptocurrency has been spent on “mfers,” an NFT collection featuring stick figure designs in front of colored backgrounds. Recently, the cheapest NFT in the collection was 3.97 ether, or around $14,000, and the simple art of the collection is all on purpose. “The underlying meme art of mfers is, hilariously, an argument about intellectual property,” says CNET senior staff writer Daniel Van Boom.

Read CNET’s full story on why mfers are selling out and what’s driving prices up here.

First mainstream video game to use in-game NFTs will end new content



Ubisoft became the first major video game developer to incorporate NFTs into mainstream video games when the company introduction of “numbers” in Ghost Recon Breakpoint earlier this year, a move that didn’t sit well with much of the game’s fanbase. On April 5, just months after onboarding, Ubisoft announced it ends new game content. However, Ubisoft is looking to hire more blockchain-related roles in the company and would like to put NFTs in future games, so players can probably expect to see NFTs in upcoming Ubisoft titles.

Thanks for reading. We’ll be back with lots more next week. Waiting, watch this cautionary tale from Farnoosh Torabi on how bitcoin blackmailers tried to steal his father’s E-Trade account.

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This Week’s Most Exciting Crypto News: UK Announces NFTs And More

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