{"id":543198,"date":"2022-01-16T14:06:48","date_gmt":"2022-01-16T14:06:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/the-us-wants-a-bite-of-nft-returns-but-you-shouldnt-take-a-bite-of-anything-sugary-during-covid\/"},"modified":"2022-01-16T14:06:48","modified_gmt":"2022-01-16T14:06:48","slug":"the-us-wants-a-bite-of-nft-returns-but-you-shouldnt-take-a-bite-of-anything-sugary-during-covid","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/the-us-wants-a-bite-of-nft-returns-but-you-shouldnt-take-a-bite-of-anything-sugary-during-covid\/","title":{"rendered":"The US wants a bite of NFT returns. But you shouldn\u2019t take a bite of anything sugary during covid"},"content":{"rendered":"

<\/a> Make a killing on NFTs? The US government wants a slice of that pie: <\/strong>Non-fungible<\/a>token<\/a>(NFT) investors in the US may be in for a surprise this tax season, as Internal Revenue Service (IRS) officials gear up for a crackdown on the newly-ballooning industry, Bloomberg<\/a> reports. The market has exploded to 44 bn over the past year, and levy rates could be as high as 37%, according to tax experts, which means collectors would owe the IRS bns of USDs. However, the exact rules for taxing tokens remain unclear, leaving NFT collectors scrambling to try and figure out how much they owe \u2014 while others may not even realize they need to pay taxes on their tokens at all, increasing their chances of incurring future penalties.<\/p>\n

Step away from the cookie jar: Sugar may be the \u201cworst food ingredient\u201d for your<\/strong> immune system<\/strong>, immunologist Heather Moday tells CNBC<\/a>. Increasing your sugar intake raises your blood sugar, which launches a vicious cycle resulting in increased inflammation, insulin resistance and obesity. This cycle leads to a weakened immunity that paves the way for viruses to slip through our body\u2019s defenses, explains Moday. A recent study<\/a>found that people with obesity or type two diabetes (which, in Egypt, accounts for an estimated 15.6%<\/a> of adults aged 20-79) are at higher risk for covid complications. The good news, however, is that scrapping the white stuff from our eating habits \u201ccan not only help end this cycle, but it can reverse it completely,\u201d Moday says.<\/p>\n

<\/a> The newest trend in the music scene? Artists selling their own music rights: <\/strong>After the pandemic hit live touring \u2014 the most lucrative business for artists, musicians began to search for other revenue streams to make up for the loss. Copyright soon emerged as a more durable asset, luring big names \u2014 such as Shakira, Tina Turner, Bob Dylan, and Stevie Nicks \u2014 to jump on the bandwagon of selling the rights to their own work. Everyone from conglomerates and music labels to private equity groups and investment funds are swooping in to get in on the trend as they pocket earnings every time the songs they own are played on streaming platforms, in public including on the radio, or licensed for use in TV, film or advertising. Both the New Statesman<\/a> and Rolling Stone<\/a> have come out with pieces explaining the ongoing trend.<\/p>\n","protected":false},"excerpt":{"rendered":"

Make a killing on NFTs? The US government wants a slice of that pie: Non-fungibletoken(NFT) investors in the US may be in for a surprise this tax season, as Internal Revenue Service (IRS) officials gear up for a crackdown on the newly-ballooning industry, Bloomberg reports. The market has exploded to 44 bn over the past […]<\/p>\n","protected":false},"author":1,"featured_media":543199,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[147,317,633,638,685,148,649,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-climate-change","tag-commodities","tag-enterprisepm","tag-for-your-commute","tag-kuwait","tag-music","tag-nfts","tag-tax","wpautop","entry"],"acf":{"mongo_id":"7149a6aa-bcd8-49cf-bb7b-51b9e46eb675","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/453.jpg","photo_position":"above","related_issue":[543194],"teaser":"","voice_url":""},"yoast_head":"\nThe US wants a bite of NFT returns. 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These carbon-linked cryptos have soared from USD\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/490.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550538,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/wash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay\/","url_meta":{"origin":543198,"position":2},"title":"\u201cWash trading\u201d is the latest trend to take hold in NFTs + Covid-19 was a boon for CEO pay","author":"enterpriseam admin","date":"5 April 2022","format":false,"excerpt":"People are buying their own NFTs to earn more rewards, not drive up NFT prices: The gray areas in crypto continue to rattle regulators, with \u201cwash trading\u201d becoming the latest trend on LooksRare, the hottest new NFT marketplace, Bloomberg reports. Wash trading is when traders simultaneously sell and buy the\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/438.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580438,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/27\/has-the-nft-bubble-permanently-burst-meta-isnt-saying-goodbye-to-ar-just-yet-despite-losses\/","url_meta":{"origin":543198,"position":3},"title":"Has the NFT bubble permanently burst? + Meta isn\u2019t saying goodbye to AR just yet, despite losses","author":"enterpriseam admin","date":"27 December 2022","format":false,"excerpt":"With the NFT market on life support, creators are pivoting to real-world assets to stay afloat: The market for non-fungible tokens (NFTs) has been plummeting since April amid a broader sell-off of crypto made worse by the collapse of major crypto exchange FTX, the Financial Times reports. Sales of NFTs\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/794.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564909,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/07\/wtf-is-an-nft-and-why-is-it-all-people-can-talk-about-these-days\/","url_meta":{"origin":543198,"position":4},"title":"WTF is an NFT \u2014 and why is it all people can talk about these days?","author":"enterpriseam admin","date":"7 March 2021","format":false,"excerpt":"SOUND SMART- What the hell is an NFT \u2014 and why is everybody and her sister suddenly talking about them? \u201cThe artist Grimes recently sold a bunch of NFTs for nearly USD 6 mn. An NFT of LeBron James making a historic dunk for the Lakers garnered more than USD\u2026","rel":"","context":"In "SPEED ROUND: TREND WATCH"","block_context":{"text":"SPEED ROUND: TREND WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-trend-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/417.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543762,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/planet-finance-new-york-stock-exchange-sets-nft-crypto-trading-in-its-sights\/","url_meta":{"origin":543198,"position":5},"title":"Planet Finance: New York Stock Exchange sets NFT + crypto trading in its sights","author":"enterpriseam admin","date":"16 February 2022","format":false,"excerpt":"NYSE stakes a claim on cryptocurrency + NFT trading: The New York Stock Exchange has filed an application with the US patent and trademark office to provide an online marketplace for non-fungible tokens (NFTs) and cryptocurrencies, which could one day see it compete with NFT marketplaces like OpenSea and Rarible.\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=543198"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543198\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/543194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/543199"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543198"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543198"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}