Sam Bankman-Fried has reportedly asked investors for $8 billion in emergency funding to cover a shortfall caused by the flood of withdrawal requests to his crypto exchange in recent days. The CEO reportedly made the request to investors in a Nov. 9 call where he discussed ways to help solve FTX's financial problems, the Wall Street Journal (WSJ) reported. According to the source, Bankman-Fried wants to raise $3 billion to $4 billion in equity, and the exchange could raise additional debt to ma

The consumer price index (CPI) increased by 0.4% in October, much less than the 0.6% consensus estimate, according to data released on Thursday by the U.S. Labor Department. In contrast to expectations for 8% and down from 8.2% in September, the annual pace slowed to just 7.7%. Due to the FTX meltdown, Bitcoin (BTC), which dropped to a new two-year low of $15,554 on Wednesday, quickly gained $1,500, or roughly 10%, in the minutes following the report. Its price at the time of publication is $17

In collaboration with Uplandme, Matchday, Phygtl, and Altered State Machine, the world's governing body of soccer has introduced a variety of World Cup-themed games. You can now experience the thrill of FIFA World Cup through these blockchain titles FIFA, the international governing body of soccer, has expanded into Web3 gaming by releasing four NFT games ahead of World Cup 2022. Ahead of the 2022 World Cup, FIFA, the world's governing body of soccer, entered the Web3 gaming market by produc

GameFi.org community can rest assured we safeguard all users and project assets and GameFi.org is unaffected financially by the FTX, Alameda Research, Three Arrows Capital, and Terra occurrences.

MetaMask, a well-known crypto wallet provider, has released a new feature that allows users to transfer their cryptocurrency across several chains. According to a blog post by MetaMask, the service is a component of its recently released portfolio app and is currently in beta testing. Connext, Hop, Celer cBridge, and Polygon Bridge are the four bridge providers that MetaMask claims its bridge aggregator will support. The cryptocurrency wallet service asserted to have gone through a thorough sc

According to the official statement, Symbiogenesis is a digital art experience that lets users collect in-game characters as NFTs Japanese gaming giant's official entry into blockchain by launching its First NFT Game in Spring 2023 Meet Symbiogenesis - a Web3 title by Square Enix Guess what? Square Enix, the company that created Final Fantasy, has unveiled Symbiogenesis as its first NFT game. That marks the Japanese gaming giant's official entry into blockchain gaming on a larger scale. Sym

The firms plan to collaborate on Web3 games after NCSoft contributed to Mysten Labs' recent $300M Series B round. The well-known South Korean developer and publisher NCSoft is focusing more on Web3 gaming. The company announced today that it contributed to the $300 million Series B fundraising round recently completed by Mysten Labs, the company behind the developing Sui blockchain, and that the two will work together on further initiatives   NCSoft—the company behind hit online game franchise

Binance and FTX have been the hottest names recently with many twists and turns leading to the whole crypto market turning red yesterday. So what really happened? Let’s have a glimpse and check our article to have an overview of this occurrence. The start of this "crypto-earthquake" is when the $FTT price of Sam Bankman-Fried (SBF)- CEO of FTX exchange and CEO of Alameda research fund - dropped sharply on early Sunday morning (November 6). There is a rumor of a giant whale with 23 million FTT t

NTT Docomo, Japan's largest mobile network, has committed to investing up to 600 billion yen ($4 billion) on Web3 infrastructure. They plan to form a consortium that will allow people and companies to use tokens for governance. "We will further disseminate Web3 by collaborating with NTT Docomo, a firm that has generated case studies that have been utilized by tens of millions of people," Astar Network founder Sota Watanabe said in a statement. The Japanese government owns one-third of NTT Doco

GameFi’s evolving model could make “today’s AAA game companies look like peanuts,” Jack O’Holleran, CEO of Skale a multichain Ethereum native network that powers Web3 games. With $1.3 billion raised in the most recent quarter, blockchain-based games and metaverse projects are actually demonstrating endurance in the face of a winter that has brought down many players in the cryptocurrency business. But it's still difficult to find a GameFi model that can be sustained. Due mostly to gas prices an