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After a successful NFT collection Chromie Squiggles, Art Blocks founder Erick Calderon is back with a new project—Friendship Bracelets. The free generative art project combines creative coding and embroidery to create a special token of friendship. Calderon, popularly known as Snowfro, collaborated with artist Alexis André (aka MacTuitui) to make the pieces. Here’s all you need to know about Friendship Bracelets from Erick Calderon: Friendship Bracelets from Erick Calderon drops this Thursday! What are Erick Calderon’s Friendship Bracelets? Friendship Bracelets is the latest generative art project from Erick Calderon, available free of cost for any Art Blocks NFT holders. Created…

The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities.The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.The South Korean Ministry of Justice will introduce a “cryptocurrency tracking system” in the first half of this year to strengthen the tracking of money laundering and recovery of criminal proceeds using cryptocurrencies. https://t.co/2CLkaLUrX6— Wu Blockchain (@WuBlockchain) January 29, 2023 While the system…

VeeFriends has announced a new exciting partnership with Starter, the sportswear brand. Together, they have created VeeFriends x Starter, which includes IRL merchandise. The drop begins today. All VeeFriends S1 and S2 Alert Ape holders are eligible to purchase the limited edition Starter Alert Ape Jacket. The collaboration also includes fashion retailer END Clothing, who will distribute the jacket across Europe. With a retail price of $285, this is a unique opportunity to participate in a remarkable IRL merch drop. VeeFriends has teamed up with Starter for an exclusive IRL merch drop. VeeFriends and Starter team up for Apparel drop!…

Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the demise of other prominent crypto lenders, including Celsius Network and Voyager Digital in July 2022, and BlockFi, which filed for Chapter 11 bankruptcy protection in late November 2022.Unlike many traditional creditors, like banks, cryptocurrency lenders aren’t required to have capital or liquidity buffers to help them weather hard times. The collateral they hold — cryptocurrencies — typically suffer from high volatility; thus, when markets plunge, it…

NFT Quirky Soul College and COZ have engaged in a new collaboration, which will take effect for players of the QSC game on Jan. 30. QSC is launching the “Vending Machine” that allows users to obtain a unique COZ-based skin that can be equipped on Quirky Soul NFTs. Additionally, QSC has performed an airdrop for holders of wave zero NFTs. Source: COZ To earn a COZ-theme skin from the Vending Machine, users must own a Quirky Soul NFT and a Puppet NFT. In 2022, Puppets were airdropped to all Neo users voting for consensus nodes on N3 and serve as…

Spice up your web3 Halloween collection with the new Disney Hocus Pocus 2 NFT collection. The digital collectibles are powered by Veve and consists of a series of 4 posters. These posters feature the latest “Hocus Pocus 2” movie characters and lore! So, what do we know about the spooky new drop? And how can you get your hands on the newest Disney NFT? What Is Disney’s Hocus Pocus 2 NFT Collection? In essence, the Hocus Pocus 2 collection is a series of NFT movie posters featuring movie lore and its characters. The digital collectibles will drop on Veve, a…

With the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service (IRS) — an enforcement agency of United States federal tax laws — released a list of reporting requirements for the general public dealing with cryptocurrencies.Until 2021, the IRS used the term “virtual currencies” in income tax-related reporting forms, which have been updated to “digital assets.” All U.S. citizens must answer questions about cryptocurrencies “regardless of whether they engaged in any transactions involving digital assets.”The question about digital asset income features in three forms — 1040, Individual Income Tax Return; 1040-SR, U.S. Tax Return for Seniors; and…

ASICS zoom through web3 with the launch of its latest Solana UI collaboration. The partnership comes to life in the leading ‘move-to-earn’ blockchain game STEPN, featuring custom-made GT-2000™ 11 running shoes. So what is the latest ASICS x STEPN airdrop all about? Read on to learn more! For The Love Of Running! What Is The ASICS x STEPN Collection On Solana? With the purchase of the brand new ASICS 2000 GT, customers automatically receive an ASICS Loyalty Badge NFT. Furthermore, the acquisition also grants collectors the chance to win a limited edition airdrop of the STEPN x ASICS GT 2000…

The White House released a statement on Jan. 27 that provided United States President Joe Biden’s administration a roadmap for mitigating risks associated with cryptocurrencies. The administration’s legislative guidance addressed much of the document to the U.S. Congress.The authors of the statement outlined a two-pronged path forward. They wrote: “We have spent the past year identifying the risks of cryptocurrencies and acting to mitigate them using the authorities that the Executive Branch has.”The first element in the road map is the administration’s “first-ever” comprehensive framework for digital asset development, released in September 2022. That document was based on reports mandated…

NFT Non-fungible token (NFT) assets have existed since at least 2014, but interest in them began to rise in January 2021, according to Google Trends data. Approximately one year later, the search term “NFT” reached its highest score on Google Trends. During that time the top five NFT collections, in terms of all-time sales volume, have collectively accrued $12.7 billion in sales volume. 5 Non-Fungible Token Projects Capture $12.7 Billion in Sales Two years ago, the search query “NFT” first appeared on Google Trends (GT), reaching a score of 1 out of 100 in the first month of 2021. Before…