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 The social media platform, Instagram plans to add NFTs. The company announced an update to confirm that this new feature will be added soon. The Meta release of NFTs will make it easier to use digital collectibles on Instagram, making them more accessible to a broader customer base. How the Meta platform may change how an NFT is recognized Meta, a company which owns Instagram and Facebook along with many other social media platforms, has announced that it plans to test new virtual reality props through AR, in their Instagram stories. The CEO of Meta has announced that they will be expanding their tests to creators around the world. After a successful beta in the US, creatives are now able to upload their digital collectibles across social media. The latest news from Facebook is that NFTs will be available on Instagram or Facebook. Content creators can use a single account to cross-post their NFTs across both platforms. Past this May, Meta has been catching up with other platforms ...

 Hackers are now using YouTube to spread a new type of malware that steals data from crypto currency wallets, as well as crypto browser extensions. Learn about Penny Wise crypto currency malware New malware is an “emerging threat” called Penny Wise and can gain access to 30 different applications, such as wallets and browser extensions. Cyble blogged about this on June 30th in detail. With malware, hackers can access data like login information and crypto extension data. The malware can also capture screenshots and infiltrate chat platforms like Telegram and Discord. Wallet users should update to the latest version of their software to protect themselves from malware. Wallets for Ethereum and Zcash are also vulnerable . Hackers use YouTube to distribute malware. They post malicious videos that look like Bitcoin mining tutorials, with a link on the description urging people to watch them. Don’t trust the video and be sure to keep your security software up-to-date! It is estimated th...

 Russia is planning to launch a digital currency that will be used by the banks in the country. The Bank of Russia has continued working towards the launch of a central bank digital currency (CBDC), which they plan to roll out over the next few years. Russia to release the digital ruble in 2024 to banks The Bank of Russia has released a 2021 update for its monetary policy, and with it, plans to make the Russian ruble a digital currency. The March 2024 presidential elections in Russia will be hosted digitally as well. By the CBDC launch, the Bank of Russia expects to have trials for transactions via digital currency finalized. They plan to beta test smart contracts for trades in 2023 and only allow select participants. The bank is gradually planning to go ahead with its CBDC plans. The features will be launched and trials will be conducted annually after the Federal Treasury is ready for digital rubles. They will support various payments, including consumer to government, business t...

 ‘Big Bull’ Rakesh Jhunjhunwala died on 14th August 2022.  Rakesh Jhunjhunwala, a billionaire investor, entrepreneur, and philanthropist died on Sunday in Mumbai. He was 62 years old and often referred to as the “Big Bull” and “India’s Warren Buffet”. This wealthy businessman made investments that would likely return more than 100% every time, but his latest high-profile investment was with India’s newest airline company. Prime Minister Narendra Modi has offered his condolences for the loss of this great Indian pioneer. The world’s 36th Richest man (according to Forbes), like most of the elite groups, was not a person born with privileges or resources, rather he learned his lessons the hard way. Let’s see what made Rakesh Jhunjhunwala so special in today’s world.  Who was Rakesh Jhunjhunwala? Rakesh Jhunjhunwala was an investor, stock trader and an Indian business magnate. He passed away at the age of 62 on 14th August 2022. He was the chairman of Aptech and Hungama Media...

 There are many cryptocurrencies out there, it can be tough to find the right one. This list includes 10 crypto coins that are worth researching and investing in. This article introduces you to cryptocurrencies, which are likely to increase in value and be used for long-term investments. These coins aren’t just random, volatile investments that can hurt your portfolio but create long-term growth and stability. To create our predictions, we looked at the past price of  cryptocurrency , sustainability, applicability, and scalability. We put together a list of cryptocurrencies that are predicted to explode in 2022 that will be on  Binance . A list of the top ten most likely to explode in 2022 in Binance: Ethereum (ETH)  It’s a safe bet that Ethereum (ETH) will be the most popular cryptocurrency in 2022. As a result of the long-term durability of blockchain technology and the positive outlook for the future, Ethereum is the most probable cryptocurrency to explode in 2022...

 The U.S. Department of Justice has released a statement explaining its decision to charge Ishan Wahi, Coinbase’s former product manager, with wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading. This follows the FBI arresting a former OpenSea employee on charges of insider trading two months ago. The DOJ is charging two Indian nationals in connection with an insider trading scheme. Wahi allegedly used confidential information regarding crypto assets that were scheduled to be listed on Coinbase’s exchanges, which he shared with his friend Sameer Ramani who is still at large. They’ll be presented at a district court in Washington later today. The SEC has alleged that Nikhil and Sameer have bought and sold at least 25 crypto assets for a profit. Nine of these were securities. “Today, anti-corruption enforcement is par for the course in the cryptocurrency markets,” concludes Williams. Fraud will not be tolerated regardless of its location and Wil...

 Recently, Facebook is testing the use of Ethereum and Polygon NFTs with a few participants based in the United States. The company Meta has been waiting to be able to offer NFTs on Facebook, so they are offering them to some US users. They are limiting the feature in a few ways, like at the moment only offering Ethereum and Polygon NFTs. Once the test for these two NFTs is successful, they plan to add NFTs for Flow and Solana. Facebook account holders will be able to access the NFT feature via the digital collectibles section. It’s available as-of-yet in the US, but Meta plans to roll it out to all users on Facebook. Facebook could potentially become another marketplace for NFTs. Users will be able to link wallets or Facebook IDs to the platform with others simply being able to share, like, or comment. Users will also be able to gift NFTs with this feature. The best, most in-demand NFTs will be on the platform. The Meta NFT blockchain is expanding Facebook is not the only social m...

 The cryptocurrency market has experienced a huge crash this year that was triggered by changes in macroeconomic conditions across the world. This crypto winter caused the market to lose billions of dollars, as investors become risk-averse. According to data from Coinmarketcap, the market’s value has been cut in half, moving from around $2.2 trillion on January 1 to roughly $900 billion at the moment In this environment of decentralized exchanges, centralized exchanges are struggling as at the mainstream adoption of crypto. These centralized exchanges needs to rethink their strategy if they want to improve their top-line performance. Digital asset exchanges collect revenue from transaction fees, with the revenue being determined by factors such as the value of digital assets on the exchange and what type of fee schedule is utilized. If a digital asset’s value increases, percentage-based fees bring in more revenue for the company. Higher trading volumes mean that fees are earned mor...