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South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year
1.1.2022
Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to...
$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was ‘Arguably the Worst Night’ of His Life
31.12.2021
According to reports, roughly $2.2 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) were stolen from a collector. The owner of the NFTs Todd Kramer said the incident was “arguably the worst night” of his life. Furthermore...
S Korean Lawmaker to Launch Bitcoin, ETH Political Donations Platform – with NFT Receipts
30.12.2021
A South Korean MP has unveiled plans to create a political donations platform for cryptoassets such as bitcoin (BTC) and ethereum (ETH) – with receipts issued in the form of non-fungible tokens (NFTs).
According to the news agency Yonhap, the project is the brainchild of Lee Kwang-jae, an...
Another Crypto Winter Or a New Dawn for NFTs - Industry Insiders Share More 2022 Predictions
30.12.2021
2022 is right around the corner, and we have once again gathered some interesting predictions about what the new year could hold for the crypto space. And as usual, opinions are divided on what to expect, with some fearing regulations could become a showstopper for crypto, and others expressing...
South Korean Gaming Regulator to Force Crypto Games off Google, Apple App Marketplaces
29.12.2021
South Korea’s gaming regulator has extended the scope of its crypto and blockchain gaming freeze-out by warning developers they must remove play-to-earn titles from the Google Play and the Apple App Store....
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Fine Art to Be Recreated Thanks to Inheritance Art
28.12.2021
PRESS RELEASE. NFTs have exploded in terms of popularity and usage in 2021, and for good reason. Artists and content creators alike have been able to profit immensely from NFTs, and many traders have also been able to benefit from buying, selling and trading these non-fungible tokens. However,...
DAO Forms to 'Liberate Blockbuster' and Build Decentralized Streaming Service
28.12.2021
A new decentralized autonomous organization (DAO) dubbed BlockbusterDAO has been formed to raise USD 5m and acquire the defunct movie rental business Blockbuster.
"Our mission is to liberate Blockbuster and form a DAO to collectively govern the brand as we turn Blockbuster into the first-ever...
OpenDAO's SOS Token Falls Over 20% After Its Initial Near-500% Leap
27.12.2021
Decentralized autonomous organization (DAO) OpenDAO launched on Christmas Eve with an airdrop targeting users of the major non-fungible token (NFT) marketplace OpenSea - and a massive rise of the DAO's token was followed by a correction. ...
Read More: OpenDAO's SOS Token Falls Over 20% After...
DeFi Trends in 2022: Growing Interest, Regulation & New Roles for DAOs, DEXes, NFTs, and Gaming
26.12.2021
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The decentralized finance (DeFi) sector has grown spectacularly in 2021, feeding into the growth of the wider crypto market which in turn has fed into it. It now accounts for more than USD 200bn in total value locked in, having stood at around USD 22bn on January 1....
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Japanese Tax Body Updates Crypto Guidelines for Staking and Lending, but Not NFTs
25.12.2021
Japan’s tax body – the National Tax Agency – has updated its crypto FAQs, addressing issues including staking and crypto lending. But the body has made no mention of non-fungible tokens (NFTs) or token airdrops – a sign that it does not currently consider NFT trading or airdrops taxable....
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Kraken Set To Let Users Borrow Funds Against Their NFTs
24.12.2021
US crypto exchange Kraken is working on a new functionality which would enable its users to borrow funds against their non-fungible tokens (NFTs), according to the company's CEO, Jesse Powell.
“If you deposit a CryptoPunk on Kraken, we want to be able to reflect the value of that in your...
Insiders Predict: NFTs the 'Gateway Drug to Crypto', More Countries May Adopt Bitcoin in 2022
23.12.2021
With 2022 fast approaching, more leaders in the crypto space have looked into the crystal ball to try and predict what the new year will bring in terms of new trends, emerging narratives, and regulations around the world.
According to the industry insiders Cryptonews.com spoke with, a number...
Global search interest for 'NFT' surpasses 'crypto' for the first time ever
23.12.2021
Cointelegraph Research predicts that nonfungible token sales could eclipse $17.7 billion by the end of 2021
Exec Wants Meta to Look to NFT, DAO and Blockchain Expansion Next Year – Report
23.12.2021
The man who will become Meta’s chief technology officer in 2022 reportedly wants the firm (formerly known as Facebook) to “target a deep compatibility with the blockchain” – and has talked up the possibility of exploring decentralized autonomous organizations (DAOs) and non-fungible token...
Solana-Based Hacked Monkey Kingdom Has a Phishing Lesson for NFT Buyers
23.12.2021
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
23.12.2021
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
22.12.2021
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...
Chinese Communist Party's Mouthpiece Endorses NFTs in a Surprise Move
22.12.2021
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...
The Broadening Horizon for Non-Fungible Tokens Beyond Digital Art & Collectibles
22.12.2021
The non-fungible token (NFT) fever is at its peak. As prominent market players, including influencers, musicians, artists, even mainstream businesses, entered the NFT scene, minting their own NFTs across different verticals, the market capitalization and annual sales volume within this...
The Power of NFTs in Music Distribution
21.12.2021
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