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Bryan Yanzon

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posts : 234

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Instagram to Allow NFT Sharing on Its Platform
Instagram to Allow NFT Sharing on Its Platform

Instagram added a new feature that would allow NFT sharing on its platform. The new feature will allow creators and collectors to connect a digital wallet, share digital collectibles, and automatically tag themselves. There will be no fees for posting or sharing NFTs on Instagram. The photo and video sharing app Instagram revealed in a tweet that its social media app is going to integrate non-fungible tokens (NFTs) into its platform. The brand new feature would enable NFT creators and collectors in showcasing their NFTs on Instagram. According to a blog post, they already began testing it with a couple

2 mins read
Terra’s Do Kwon Announces UST Recovery Plan
Terra’s Do Kwon Announces UST Recovery Plan

Terra’s stablecoin UST and LUNA have dropped as low as $0.19 and $0.002, respectively. CEO of Terraform Labs Do Kwon said increasing the supply of LUNA in the market would help re-peg UST. Kwon also plans to adjust its collateralization mechanism. Terraform Labs’s founder and CEO Do Kwon revealed the company’s recovery plan for UST and LUNA amid this week’s crypto crash. He pointed out that the company didn’t mean to become so quiet and asked ‘lunatics’ to stay strong. In Kwon’s Twitter thread post addressed to the Terra Community, he said: “I understand the last 72 hours have been

2 mins read
Over 50% of Russia’s Financial Pyramids in Q1 Are Crypto-Related
Over 50% of Russia’s Financial Pyramids in Q1 Are Crypto-Related

More than 58% of financial pyramids recognized in Russia during Q1 were connected with cryptocurrencies. Scammers were taking advantage of the trending subjects in the news, said top-ranking Russian central bank official. Con artists were also exploiting the sanctions imposed on Russia over its invasion of Ukraine. More than half of Russia’s financial pyramids in the first quarter of 2022 have used cryptocurrency to attract investors. The regulators have discovered the spread of Ponzi schemes to invest in digital assets in the country amid increasing financial uncertainty. Valery Lyakh, the director of Bank of Russia’s Department for Combating Unfair Practices,

2 mins read
Bitcoin Drops $33K, Predictions to Hit $10K This Year
Bitcoin Drops $33K, Predictions to Hit $10K This Year

Bitcoin dropped below $33K after a continuous plummet from $36K. The downward pressure was due to increased interest rates imposed by the US Federal Reserve. Economists and crypto insights predicted it will hit $10K this year. The first cryptocurrency Bitcoin dropped below the $33,000 mark after falling by almost 6.9% in the past 24 hours and about 18.7% for the past seven days.  According to the data from CoinMarketCap, the market capitalization of the largest cryptocurrency collapsed to less than $600 billion. Yet, that amount was sitting at more than $900 billion on March 28. The downward pressure started after

2 mins read
Real Estate Property Sold for 3 BTC in Portugal
Real Estate Property Sold for 3 BTC in Portugal

A person has bought an apartment in Portugal for 3 bitcoins without conversion to euros. The sale came after new regulation that allows real estate transactions with cryptocurrencies. Bitcoin purchases in the country are not subject to income tax. A person has purchased an apartment in the Portuguese city of Braga using Bitcoin. Specifically, the person bought the property directly with bitcoins without converting it to fiat money. According to local media reports, the transaction is the first purchase using cryptocurrency in the real estate market in the country. The three-room, two-bedroom apartment would have been evaluated at around 110,000

2 mins read
Nvidia Fined $5.5M for Hiding Crypto Mining Sales
Nvidia Fined $5.5M for Hiding Crypto Mining Sales

The SEC has charged Nvidia Corp. for being unable to disclose that crypto mining increased its revenue. All issuers “must ensure that their disclosures are timely, complete, and accurate,” SEC warned. Nvidia agreed to a cease-and-desist order and to pay a $5.5 million penalty. The US Securities and Exchange Commission (SEC) has penalized global technology company Nvidia Corporation for “inadequate disclosures concerning the impact of crypto mining on the company’s gaming business.” “The company failed to disclose that crypto mining was a significant element of its material revenue growth from the sale of its graphics processing units (GPUs) designed and

2 mins read
 Robinhood Adds $GBTC and $ETHE to Its App
 Robinhood Adds $GBTC and $ETHE to Its App

Robinhood has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) on its platform. Investment products GBTC and ETHE function like stocks. The price of GBTC and ETHE hardly trade on a 1:1 ratio. Investment and trading company Robinhood has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) on its platform. Hence, Robinhood users can now buy and sell GBTC and ETHE via its app. Investment products GBTC and ETHE function like stocks. It enables the investors to get exposure to Bitcoin and Ethereum prices without actually owning these cryptocurrencies. Grayscale is an investment firm that supervises custody so

2 mins read
Google Opens Web3 Team for Crypto’s Growing Fame
Google Opens Web3 Team for Crypto’s Growing Fame

Google Cloud Computing Unit will set up a Web3 team. VP of Google Cloud Amit Zavery plans to make cloud platform a favorable choice among devs. The devs creating Web3 applications will work on backend services. Alphabet Inc., Google’s parent company, revealed that it was diligently looking into Web3 three months ago. Today, its cloud computing unit has set up a Web3 team.  According to CNBC, Google Cloud Vice President Amit Zavery notified its employees through email last Friday that they plan to make the company’s cloud platform to be the favored choice among developers. He wrote: “While the world

2 mins read
BitMEX Founders Fined $30M for Illegal Operations
BitMEX Founders Fined $30M for Illegal Operations

US Court fined BitMEX founders $30M for operating an illegal crypto platform. The $30M will be divided by three co-founders: Arthur Hayes, Benjamin Delo, and Samuel Reed. The three are scheduled to be sentenced in the upcoming weeks. The Commodity Futures Trading Commission (CFTC) revealed that the US District Court for the Southern District of New York has charged Bitmex’s founders “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.”  A press release also stated that founders Arthur Hayes, Benjamin Delo, and Samuel Reed, need to pay $30 million. In detail, these founders need to split the

1 min read
Avant Labs Taps Ultra for P2E NFT Game Elarium
Avant Labs Taps Ultra for P2E NFT Game Elarium

Avant Labs and Ultra collaborated to develop a P2E NFT game called Elarium. Elarium is a blockchain-based first-person shooter integrated with NFTs. NFTs will debut this year while the game will launch in Q1 2023. Avant Labs has partnered with Ultra to develop a play-to-earn game Elarium, which will exclusively launch on Ultra Games. The official Twitter page of Elarium expressed its excitement about its recent partnership with Ultra. Avant Labs AG is a blockchain startup company based in Switzerland. The team consists of over 40 experienced members in different fields, including artists, game designers, blockchain devs, directors, and more.

2 mins read
NFT.io To Give Away NFTs Prior to Marketplace Launch
NFT.io To Give Away NFTs Prior to Marketplace Launch

NFT.io is giving away free NFTs for waitlist participants. The NFT marketplace is currently in a closed beta testing. It allows users to mint, buy and sell NFTs, hold auctions and bids, and receive rewards. NFT.io, an upcoming NFT marketplace by Enjin, announced that they will be offering free NFTs to those who sign up to the waitlist ahead of the marketplace’s prelaunch. The NFT marketplace also shared a sneak peak of the NFTs that users can grab during its prelaunch giveaway.  NFT.io will be integrated with Enjin wallet 2.0, which allows individuals and companies to tokenize and sell their

2 mins read
NFT Brand Doodles Appoints Billboard Exec as New CEO
NFT Brand Doodles Appoints Billboard Exec as New CEO

Doodles has appointed Billboard President Julian Holguin as its new CEO. The newly appointed CEO has been in the music and entertainment industry for a decade. Holguin said he’s thrilled in joining the group and getting ready for phase 2. NFT collection Doodles revealed that Billboard President Julian Holguin is now the CEO of the group effective immediately. This announcement came from Doodles’ official Twitter account. Meanwhile, Holguin will be working alongside the founders to expand Doodles’ IP throughout music, gaming, and entertainment. The Billboard executive has been in the music and entertainment industry for a decade. Before he became

2 mins read