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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...
Accounting Firm PWC’s Hong Kong Branch Purchases Land in The Sandbox Metaverse
23.12.2021
On Thursday, Pricewaterhouse Coopers’ (PWC) Hong Kong unit announced that it purchased a land site in The Sandbox metaverse. The PWC Hong Kong branch will be the first internationally recognized professional services brand to enter The Sandbox metaverse. PWC Hong Kong Enters the Metaverse...
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...
Defi Marketplace and NFT Platform Arcade Raises $15 Million in Series A Funding Round
23.12.2021
The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio...
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...
Donald Trump Says Crypto Is ‘Very Dangerous’ — Warns of ‘Explosion Like We’ve Never Seen’
22.12.2021
Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media...
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
Instagram Mulls Integrating NFTs In Its Platform
21.12.2021
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
21.12.2021
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...
FTX US Partners With Monumental Sports Entertainment, Gets Exposure to 4 New Sports Teams
21.12.2021
FTX continues its path toward the sports world as it signed a partnership with Monumental Sports Entertainment (MSE) on Monday. The deal makes it so FTX US will be MSE’s exclusive crypto exchange and non-fungible token partner. FTX and Monumental Sports Entertainment to Collaborate...
Instagram Is ‘Exploring NFTs’ to ‘Make Them More Accessible to a Wider Audience,’ Says CEO
21.12.2021
According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram...
2021’s NFT Boom Pushes Collectors Toward Rare and Older Collections
20.12.2021
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...
Investor Purchases 330 Adidas NFTs Using Smart Contract - 328 More Than the Cap
20.12.2021
Sportswear giant Adidas dropped its non-fungible token (NFT) collection “Into the Metaverse” with 30,000 pieces on Friday - and while the sale was capped at a maximum of two items per person, one user managed to hoover up 330 pieces using a smart contract....
Read More: Investor Purchases...
Breaking All Records: VC Funds Injected USD 30B In Crypto This Year
20.12.2021
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...