
IMF warns against crypto's impact on monetary policy and financial stability
Oct 02, 2021 23:49 pm UTC| Digital Currency Economy
The International Monetary Fund (IMF) warns that the widespread and rapid adoption of cryptocurrencies reduces the ability of central banks to effectively implement monetary policy and causes financial instability. A...

Artworks used to create VeeFriends NFT collection sells for $1.2 million in Christie’s auction
Oct 02, 2021 23:48 pm UTC| Digital Currency Economy
Christies auctioned five artworks created by entrepreneur Gary Vaynerchuk for his VeeFriends NFT collection for over $1.2 million. The artwork dubbed Empathetic Elephant fetched the highest price at $412,500, with...

Coinbase vows to reimburse 6,000 customers who lost funds to hackers
Oct 02, 2021 23:13 pm UTC| Digital Currency Economy
Coinbase vowed to reimburse at least 6,000 of its users who lost funds due to a hacking campaign to gain unauthorized access to the accounts and a flaw in its SMS account recovery process. The Nasdaq-listed...

Dolce & Gabbana sells Collezione Genesi NFTs for $5.7 Million
Oct 01, 2021 23:47 pm UTC| Digital Currency Life
Dolce Gabbana sold its first-ever NFT drop, Collezione Genesi, for $5.7 million or 1,885 ether via Polygon network-powered platform UNXD. The NFTs in Dolce Gabbanas nine-piece collection that brought in the most funds...

Thailand sets sights on ‘Cryptourism,’ issuing utility token in boosting tourist traffic
Oct 01, 2021 23:30 pm UTC| Life Economy Digital Currency
The Tourism Authority of Thailand (TAT) is considering issuing its utility token dubbed TAT Coin that would create a cryptourism atmosphere and attract potential travelers and visitors to increase income in the...

S. Korea’s NFTBank to launch upgraded platform for selling NFT funds
Oct 01, 2021 14:35 pm UTC| Digital Currency Economy
South Koreas NFTBank will unveil an upgraded version of its current platform that combines blue-chip NFTs and sells them in the form of funds. The said platform, dubbed NFTBank 2.0, will also service complex NFT sales...

Gamevil acquires Coinone stake to become the cryptocurrency exchange’s second-largest shareholder
Oct 01, 2021 10:18 am UTC| Business Digital Currency
Gamevil, a South Korean game developer, revealed on Thursday, Sept. 30, that it is set to become Coinones second-largest shareholder. This will happen as it will be acquiring a 22% stake in the said cryptocurrency exchange...