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Solana-Based Hacked Monkey Kingdom Has a Phishing Lesson for NFT Buyers


  Solana (SOL)-based non-fungible token (NFT) project Monkey Kingdom had its official Discord server hacked on Tuesday during a presale, allowing a cyber thief to run away with nearly USD 1.3m worth of digital assets. The incident is another stark reminder to be extra careful and not to fall into...

Banking Giant KB Creates Crypto, NFT & CBDC-compatible Wallets


  The South Korean banking giant Kookmin Bank (KB) says it has developed new multi-coin wallets that are capable of storing non-fungible tokens (NFT) and various tokens including central bank-issued coins. Per Fn News, KB has developed solutions using the Klaytn blockchain protocol, which...

MetaMask to Add Support for NFTs


  MetaMask, a popular cryptocurrency wallet designed in the form of a browser extension, has unveiled its yet-to-be-launched in-app non-fungible token (NFT) extension. "The elves in our workshop are putting the finishing touches on the collectables feature on Extension to be at parity with...

SHIB Rises to 8% as Whale Acquires 4 Trillion Shiba Inu Tokens


As per the reports from CoinMarketCap, Shiba Inu has increased by 8% in 24 hours. According to WhaleStats, an Ethereum whale purchased four trillion Shiba Inu coins in just 24 hours. Although the price of the Shiba Inu coin has recovered in tandem with the broader rebound, whales appear to have...

Chinese Communist Party's Mouthpiece Endorses NFTs in a Surprise Move


  Xinhua, the news agency of the Chinese Communist Party (CCP), has announced that it will release a set of non-fungible tokens (NFT) later this week as part of a “metaverse” move. While media outlets releasing NFTs does not really class as news nowadays, this is not true in the case of a...

Crypto Trading Platform Bitmex Reveals Exchange Token Called BMEX, Airdrop


The crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX,” following a slew of crypto platforms that have issued exchange tokens. According to the company, a user who registers and completes the KYC process will get five BMEX coins...

The Power of NFTs in Music Distribution


  Mattias Tengblad is the co-founder and CEO of Corite, a Stockholm-based digital music distributor; Emil Angervall is the co-founder and Chief Operating Officer of Corite.______... Read More: The Power of NFTs in Music Distribution

Instagram Mulls Integrating NFTs In Its Platform


  In a bid to make non-fungible tokens (NFTs) more accessible to a broader user base, photo and video sharing social networking service Instagram is exploring ways to integrate such assets within its social media platform, according to senior company representatives.... Read More: Instagram Mulls...

Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny


  China’s tech giants are hopeful of launching metaverse and non-fungible token (NFT) businesses despite suffering a torrid year at the hands of the country’s vehemently anti-crypto government. Heavy-hitters including JD.com and Alibaba have laid out plans that involve metaverse and NFTs, although...

2021’s NFT Boom Pushes Collectors Toward Rare and Older Collections


In 2021, non-fungible tokens (NFTs) have been extremely popular and have become a billion-dollar industry this year. There’s been a number of NFT marketplaces and collections that have seen a massive number of sales and individual digital collectibles have sold for millions. The NFT hype...

Breaking All Records: VC Funds Injected USD 30B In Crypto This Year


  Venture capital (VC) funds invested some USD 30bn into crypto this year, exceeding almost fourfold the amount recorded in the previous record year of 2018, and injecting more funds into the industry than in all the previous years combined, according to data from financial data and software...

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