Modhaus, an entertainment start up company which aims to build an “Open architecture ecosystem” in the K-pop market by using NFT and blockchain technology,has announced an exclusive partnership with The Sandbox. As part of the agreement, the partners will establish a social hub featuring events hosted in the metaverse to boost fan interaction with the blockchain-supported K-pop band. Along with that, the K-pop label will produce tripleS NFTs that are officially licensed, including avatars, wear

Days after halting withdrawals due to the lingering effects of exchange FTX's insolvency, crypto lender BlockFi filed for bankruptcy protection on Monday. The business announced that it was seeking Chapter 11 bankruptcy protection, indicating that it wanted to restructure while carrying on with business in the meantime. BlockFi has around $257 million in cash in hand, claims a press release. A Bermuda-based affiliate is likewise submitting a similar form for liquidation. BlockFi's executives e

Ben Caselin, a former executive at AAX, claimed that the brand's reputation has been damaged and that his position at the company is now meaningless. The vice president for global marketing and communications of the AAX exchange announced his resignation from his position at the cryptocurrency exchange weeks after the company began to halt withdrawals. Ben Caselin revealed the reasons for his decision to leave the company and his position in a thread on Twitter. Caselin claims that despite his

According to CEO Changpeng "CZ" Zhao, Binance created a $1 billion or more recovery fund to buy distressed crypto assets. We can allocate more, CZ added, according to the news source, if that isn't enough. Following the demise of FTX and its CEO Sam Bankman-Fried, CZ has emerged as a key figure in the sector over the past few months, solidifying his status as a key leader. On Twitter earlier this month, he voiced his worries about FTX and canceled a proposal to buy it to help it out of its fin

The Bank of Japan (BOJ) is still testing a prospective digital yen despite Japan's uncertainties on whether to issue a central bank digital currency (CBDC) or not. According to a Nov. 23 article by the regional news agency Nikkei, the Japanese central bank has begun working with three megabanks and regional banks to execute a CBDC issuance trial. The pilot program aims to offer demonstration tests for the issuing of the digital yen, Japan's national digital currency, beginning in the spring of

Sports fan tokens are soaking in a new wave of excitement due to the FIFA World Cup 2022, which began on Sunday, despite the doom and gloom of the collapsed FTX crypto markets. Fan tokens for the national soccer teams of Portugal (POR) is up 50% during the previous week, according to FanMarketCap, a fan token price tracker. The native token of the Chiliz blockchain (CHZ), which powers the largest platform for creating tokens for sports fans, Socios.com, has increased by 11% too. However, all

GameFi.org is delighted to bring this memorable event between XANA & DEEMO along with an airdrop campaign to NFT enthusiasts of our platform.

ApeCoin DAO has unveiled its own white-label non-fungible token (NFT) marketplace. ApeCoin DAO is a community-led governing body made up of ApeCoin holders. The Bored Ape Yacht Club (BAYC)-affiliated APE ecosystem's Ethereum-based governance and utility token, ApeCoin, was introduced in March. The newly launched community marketplace has NFTs for sale from Yuga Labs-owned NFT collections including BAYC, Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club (BAKC), and Otherdeed for Otherside. It

Kenyan lawmakers are presently debating whether to proceed with a bill that would allow for the taxation of cryptocurrency, according to Business Daily. The Capital Markets (Amendment) Bill, 2022, will tax cryptocurrency exchanges, digital wallets, and transactions. When crypto investors in Kenya sell or use their cryptocurrency in a transaction, they must pay capital gains tax to the Kenya Revenue Authority. The law would also oblige investors to notify the Capital Markets Authority, the gover

With the aim of promoting acceptance, crypto projects distribute free tokens in large quantities to their communities. An airdrop will probably be sent out to cryptocurrency users who utilize new and existing platforms often. As part of a bigger marketing campaign, airdrops involve blockchain-based projects and developers giving away free tokens to members of their communities. Sending newly created tokens to thousands or even hundreds of wallet addresses is the main idea, with the aim that re