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Meta announced this week that Instagram users will be able to create and sell Polygon-powered non-fungible tokens (NFTs).
Meta, the parent company of Facebook, announced Instagram users will soon be able to create and sell NFTs on the social media platform this week.
The social media giant added that users will be able to create, showcase and sell digital collections powered by NFTs on Polygon. Meta added that the move is designed to help Instagram creators monetize their work.
This feature will be available to select creators in the US soon, but Meta plans to expand to more users and countries.
MoneyGram, a publicly traded peer-to-pay payments company, announced earlier this week that it had added crypto investment tools to its mobile app. According to the company, US users can now buy, sell and hold Bitcoin, Ethereum and Litecoin via a mobile app.
MoneyGram added that it plans to expand the list in the coming months as it appears to support more cryptocurrencies.
Another week, another hack. This time the victim is He Deribit, one of the world’s leading Bitcoin options exchanges. Deribit reveals Earlier this week, it was revealed that it had been exploited, resulting in a loss of $28 million.
The exchange had to temporarily suspend withdrawals on its platform while it investigated the matter. Deribit has notified users that their hot wallets have been compromised, but client funds are safe and losses are covered by the company’s reserves.
Santander Bank’s UK arm announced earlier this week that it was imposing monthly limits on cryptocurrency-related transactions.
Customers will be limited to trading 3,000 ($3,360) worth of cryptocurrencies in 30 days, according to the bank. In addition, he has a limit of 1,000 ($1,120) on a client’s individual cryptocurrency transactions.
Santander UK claimed it made the move to protect its customers from the effects of cryptocurrencies and protect their wealth. However, there is no limit to the amount that can be received from the virtual currency exchange.
Payments giant Visa partners with Crypto.com to launch Visa Masters of Movement ahead of FIFA World Cup 2022.
Visa says its Masters of Movement is a first-of-its-kind hybrid experience featuring pre-event NFT auctions and immersive activations. This feature is designed for FIFA World Cup Qatar 2022 fans.
The Visa Masters of Movement auction features digital art inspired by some of the legendary soccer player’s iconic goals.
Cryptocurrency exchange Kraken announced earlier this week that its NFT Marketplace has gone live in private beta. At its beta launch, the marketplace plans to give customers access to over 70 NFT collections across the Ethereum and Solana ecosystems.
In addition, customers will be able to buy and sell NFTs stored by Kraken without incurring gas fees. However, moving NFTs out of the Kraken platform will incur charges.
