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Sian Bradley

Crypto news: Crypto takes over Superbowl, UK probe into NFT scam and market tanks

This week, the UK's tax authority - HMRC - seized NFTs for the first time, Coinbase spent millions on a Super Bowl ad that broke their app, and the Hungarian bank joined the government's calling for crypto regulation.

Crypto companies were some of the Superbowl's biggest sponsors this year, with some spending at least $7 million for a 30 second advertising spot.

Back in the UK, HMRC seized three nonfungible tokens (NFTs) as part of an investigation into suspected tax evasion and worldwide, the cryto market has continued to tumble.

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