Meta announced this week that Instagram users will soon be able to sell and mint nonfungible tokens (NFTs) powered by Polygon.
Insta users can mint and sell NFTs
Meta, Facebook’s parent company, announced Instagram users will soon be able mint and sell NFTs through the platform, it was announced this week.
Polygon NFTs can be used to create, display and sell digital collections. Meta explained that this move was designed to help creators on Instagram make money from their work.
Meta will soon make this feature available to select creators in the United States. However, Meta plans to expand its reach to other countries and users soon.
MoneyGram has added LTC, ETH, BTC trading options to their app
MoneyGram is a peer to pay payments company. It announced earlier this week that its mobile application now includes crypto investment tools. The company claims that its US users can now use its mobile app to buy, sell, and hold bitcoin, Ethereum, and litecoin.
MoneyGram stated that it plans to increase the number of cryptocurrencies supported in the future.
Deribit lost $28 Million in hacking of its exchange
Another hacker this week. Deribit is the latest victim. It is the most popular Bitcoin options exchange. Deribit announced earlier this week that it suffered an exploit that resulted in a $28 Million loss.
The exchange had to temporarily suspend withdrawals while it investigated the issue. Deribit advised its users that the hot wallet had been compromised but that client funds were safe and the company has covered the loss.
Santander UK imposes a £3,000 monthly limit on crypto-related transactions
The UK unit of the Santander bank announced earlier this week that it was imposing a monthly limit on cryptocurrency-related transactions.
According to the bank, customers will be limited to making crypto transactions worth £3,000 ($3,360) during a 30-day period. Furthermore, there is a £1,000 ($1,120) limit on individual crypto transactions for customers.
Santander UK stated that this was done to protect its customers and their wealth from the effects of cryptocurrency. Although there is a limit on how much users can send to Santander from crypto exchanges, there are no limits to how much they may receive from crypto exchanges.
Visa partners with Crypto.com for Visa Masters of Movement
Payment giant Visa partnered with Crypto.com to launch its Visa Masters of Movement ahead of the FIFA World Cup 2022.
Visa claims its Masters of Movement hybrid experience, which includes a pre-event NFT auction as well as immersive activation, is unique. This feature is for FIFA World Cup Qatar 2022 fans.
The Visa Masters of Movement auction features digital artwork inspired by the goals of legendary footballers.
Kraken’s NFT marketplace goes live in beta
Kraken, a crypto exchange, announced that its NFT marketplace was live in private beta earlier this week. Customers will have access to over 70 NFT collections in the Ethereum and Solana ecosystems through the beta launch of the marketplace.
Customers can also buy and sell Kraken custodied non-feudal NFTs, without having to pay any gas fees. Moving NFTs from Kraken will result in fees.