The U.K.’s tax enforcers have seized NFTs for the first time as part of a probe into suspected fraud, perhaps signaling the country’s authorities intend to go after people who avoid paying tax by trading in digital assets. The Revenue and Customs agency said three people were arrested over the $1.9 million suspected fraud investigation, which involved 250 alleged fake companies, according to...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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