Meta’s Instagram will soon implement in-app NFT minting and trading tools purchases. The new minting and trading tools will be first available to a select group of creators before being made available to a larger public, according to Stephane Kasriel, Head of Commerce and Fintech at Meta. “A small group of creators will soon be able to create digital collectibles (NFTs) and sell them right on Instagram.” – she added. The most well-known NFT photographer, DrifterShoots, was among the creators selected for early access to the new Instagram NFT feature along with visual artists Isle Valfre and Amber Vittoria. Meta…
Author: Rea K.
BitMEX, one of the largest crypto exchanges, has cut its workforce by 30% in order to return to its original concentration on trading derivatives. The number of layoffs was not made public. This adjustment came after the CEO, Alexander Hoeptner, who came into the company in late 2020, left last week. Hoeptner took over for Arthur Hayes, who had violated the US Bank Secrecy Act while working for the BitMEX exchange and had been given a 12-month period of probation. After joining BitMEX, Alexander detailed a plan emphasizing spot trading, custody, and brokerage to help the exchange become more than…
Deribit, a cryptocurrency exchange, has been hacked, and an estimated $28 million from a hot wallet has been stolen. Although the exchange claims that user money is safe, the company went on to declare that the loss will be reimbursed from company reserves and that Deribit is in a financially solid position so current operations will not be affected. “We are undertaking continuous security checks and must pause withdrawals, including those from third-party custodians Copper Clearloop and Cobo until we are certain that everything is safe to re-open,” the company wrote on Twitter. Deribit joins a long list of cryptocurrency…
Nikolai Muchgian, a stablecoin innovator and MakerDAO’s co-founder, died in San Juan, Puerto Rico, according to police reports. The MakerDAO community ratified a custodial agreement with Coinbase five days before this incident. After the incident was reported, the 29-year old, also known as Nikolai Muchgian, was taken away around 9:15 am. His deceased body was discovered by rescuers who were able to identify it. The victim lived in San Juan. The Isla Verde Tourist Precintc’s Agent Rosario was in charge of handling the complaint. A day after tweeting about a sex trafficking and blackmail operation run by CIA, Muchgian passed…
Elon Musk fired the board of directors the same week he acquired control of Twitter and fired its senior executives. Meanwhile, DOGE’s price has doubled. In a securities filing on Oct. 31, Twitter said that 9 of its board of directors members were no longer in their positions. According to them, Elon Musk has always wanted to be the company’s only director. WSJ stated that the board’s dissolution information was included in a larger securities filing. It included information on additional procedures related to the deal closing. In his first step as CEO, Elon Musk dismissed Vijaya Gadde (head of…
Aptos is a layer-1 blockchain focused on reliability, security, and usability, as its key principles. Aptos was built by 350 former Meta engineers over the course of 3 year. The main goal of the Aptos blockchain is to adopt Web 3.0 and to empower an ecosystem of DApps in order to solve real-world problems. Aptos uses Proof-of-Stake and Byzantine Fault Tolerance (BFT) as its consensus mechanisms. The native currency of Aptos is APT, which was listed in some of the largest crypto exchanges in the world on October 19, 2022. The coin is currently trading at $7.93. Crypto Academy Aptos…
A White Hat Hacker has returned over $7 million of the $14.5 million that was stolen during the Team Finance attack. Team Finance’s exploit’s creator is donating money to initiatives while keeping 10% as a reward. The hacker made it off with more than $14 million after the incident, which happened in late October. The impacted projects were Tsuka, Kondux, Caw Coin, and FEG. According to SlowMist, the hacker gave the projects a return of more than $7 million. Ivan Reif, the CTO of TrustSwap, sent a very intriguing message. He stated three days ago that the hacker would receive…
Binance Coin is a leading cryptocurrency with a market cap of over $52 billion. It is the native token for BNB Chain, formerly known as Binance Smart Chain (BSc). Further, the coin is used widely in the Binance ecosystem, which is one of the biggest in the cryptocurrency industry. Like other digital currencies, Binance Coin had a difficult performance in the first part of the year. It dropped from its all-time high of $672 to a low of $184. Recently, however, the coin has made a spectacular recovery and risen to the highest level in two months. Why BNB dropped…
The metaverse is starting to be used in therapeutic and educational procedures. Using resources from the metaverse, Toda City in Japan is now tackling the issue of student absences from class. The kids, who are alleged to have attendance issues at school, are using a program developed by an NGO last year with the intention of allowing them to explore virtual worlds. The kids may visit a virtual university and take virtual lessons in this digital realm to be ready for returning to regular classes. At least, this is the goal of city authorities, who have also suggested that if…
JasmyCoin was developed as a platform to take advantage of the Internet of Things hardware and software designed for decentralized data processing and storage. The cryptocurrency market continues to develop and branch out while accepting new protocols and teams every day, much like the general structure of a market. However, additional procedures are developed to support them as they continue to grow and evolve. JasmyCoin is one of these solutions. JasmyCoin (JASMY) Fundamental Analysis Jasmy is a blockchain-based platform that was founded in 2016 in Tokyo, Japan. The platform was released on October 26, 2021, on BITPoint Japan, a Japanese…