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Meta recently announced its latest NFT feature will allow users to connect their digital wallets to Instagram and Facebook. On Aug 29, Facebook and Instagram’s parent company Meta announced that its users will now be able to post digital collectibles and Non-Fungible Tokens, or NFTs, across both platforms by simply connecting their digital wallets to either site. We’re introducing the ability to post digital collectibles across @facebook and @instagram . You can now connect your digital wallet to either app to share your #NFTs on both. What NFT are you excited to share? https://t.co/wa2wkWfI7p pic.twitter.com/SlpwAuY02c — Meta Newsroom (@MetaNewsroom) August 29, 2022 While Meta’s announcement may have seemed to some like a mass adoption win for some digital asset enthusiasts, not all members of Crypto Twitter were thrilled by the news. Skeptical users took to social media to express concerns surrounding the security and privacy of the data disclosed when digital wallets a

The new integration with MoonPay and SatoshiLabs-founded Invity platform provides buy, sell and exchange features directly in the Trezor wallet. Hardware walletcompany Trezor is moving to enable direct crypto purchases with a new partnership with the crypto fintech startup MoonPay. Trezor, Czech Republic-based hardware wallet provider, has partnered with MoonPay to allow its customers to buy crypto directly in their hardware wallet, according to an announcement on Wednesday. Backed by major industry investors including Tiger Global and Coatue , MoonPay is a crypto payment service that allows users to buy and sell cryptocurrencies and nonfungible tokens (NFTs) using debit cards, credit cards and other payment methods. In April 2022, the firm raised $87 million from investors like Justin Bieber and Snoop Dogg to focus on NFTs and Web3. The collaboration with MoonPay builds on Trezor’s previous partnership with Invity, a crypto exchange comparison tool integrated directly into the w

The Restriction Reference Period is one of the final steps in repaying creditors, according to the document released Wednesday. Mt. Gox trustee Nobuaki Kobayashi released updated information on Wednesday regarding the rehabilitation plan for creditors of the long-defunct crypto exchange. According to the file, the restriction reference period starts on September 15. During the phase, "the assignment, transfer or succession, provision as collateral, or disposition by other means of rehabilitation claims are prohibited." Kobayashi confirmed that creditors have until September 15 to submit claims regarding funds lost when the early crypto exchange collapsed in 2014: "During the Assignment, etc. Restriction Reference Period, the Rehabilitation Trustee will cease accepting applications for claim transfer procedures through the Rehabilitation Claim Filing System.” The document is unclear about the deadline for the restriction period but confirms that it will be followed

PancakeSwap (CAKE) most recent recovery sped up its bullish momentum as shown in the daily 20 and 50 EMA. PancakeSwap looking bullish CAKE price plunges 3.25% DMI shows neutral With the current economy of cryptocurrencies, traders need to know when it’s time to dip their toes and carve their potential to become millionaires. The ensuing growth of PancakeSwap has brought the alternative coin dangerously close to its short-term EMAs. But in the upcoming sessions, the $4.4-$4.2 area might continue to present obstacles to recovery. CAKE Shows Rising Wedge Recovery The rising wedge recovery that CAKE experienced set the stage for its bullish revival. But by re-igniting the relatively brief selling pressure, the $4.2-$4.4 range changed from support to resistance. According to figures by Coingecko , PancakeSwap is up 6% in the last seven days, and trading at $3.95 as of press time. Before hitting roadblocks in the immediate resistance range, a potential rebound from trendline suppor

"If you enjoy all the benefits of living in our great city while refusing to pay your fair share in taxes, we will hold you accountable,” said DC Attorney General Karl Racine. Karl Racine, Attorney General for the District of Columbia in the United States, has announced that his office has sued business intelligence firm MicroStrategy and its co-founder Michael Saylor for charges related to tax evasion. In a Wednesday Twitter thread, Racine announced a lawsuit against MicroStrategy and its previous CEO Michael Saylor, claiming that he “never paid any DC income taxes” and the company “conspired” to assist him in evading paying for taxes. According to the attorney general's office, Saylor owes  more than $25 million in taxes for income earned during his time as a DC resident. “With this lawsuit, we’re putting residents and employers on notice that if you enjoy all the benefits of living in our great city while refusing to pay your fair share in taxes, we will hold you accou

Trading volume from NFT marketplace OpenSea has gone from $405 million on May 1 to $5 million in Aug. 28. In this week’s newsletter, read about Meta’s newest update on the integration of nonfungible tokens (NFTs) on Facebook and Instagram. Check out how the NFT trading volume on OpenSea has plummeted by 99% and how despite the downturns, digital artists still firmly believe in the future of NFTs. In other news, learn about the changes in participation in GameFi. And, don’t forget about this week’s Nifty News roundup featuring Taco Bell’s Metaverse wedding competition in collaboration with Decentraland.  Meta announces Facebook and Instagram users can post NFTs from digital wallets Social media giant Meta has introduced NFTs on Facebook and Instagram. In an update, Meta highlighted that users can now post NFTs on both social platforms by connecting their digital wallets from either of the apps. While the new update shows progress, the digital wallet connection looks limited to ap

It’s not easy being a dev. In recent days, a young Solana-based DEX, OptiFi, faced an unexpected downfall after a simple coding error. The platform released an announcement that their mainnet program is now unrecoverable yesterday. The move has resulted in an unexpected shutdown for the DEX. Let’s review what we know from the announcement and how something like this could be avoided in the future. OptiFi’s Unexpected Shutdown OptiFi was an options and derivatives focused decentralized exchange (DEX) built on Solana that was less than a year in the making. The platform touted Solana’s low latency transactions, portfolio margining and partial liquidation mechanisms. The platform also brought the “first-ever delta-neutral options AMM vault” on Solana that provided yield to depositors. So how did we get here? According to OptiFi’s full debrief , a code update that was moving to Solana mainnet saw a user error that resulted in the use of a ‘solana program close’ command, locking roughly

The blockchain gaming firm in question raised over $200 million on Monday to further its NFT operations. Changpeng “CZ” Zhao, CEO of Binance, criticized the creation of a novel “free-to-own” business model in the GameFi space on Tuesday, writing: “If everything will be free in the world, why do we have to work so hard...” The Binance CEO then explained that nothing is absolutely free, pointing to how the exchange can offer zero trading fees for Bitcoin ( BTC ) and Ether ( ETH ) pairs because of the adequate revenue generated from other trading pairs. He added that new projects that allow players to sign up for free can be high risk for early adopters. The firm facing the brunt of CZ’s criticism is gaming startup Limit Break, which raised $200 million in venture capital funding on Aug. 29. The project gained popularity with the launch of a free-mint NFT collection called DigiDaigaku. At inception, the community is able to begin for free, possessing ownership of NFTs that, in turn

A lack of oracle support, the majority of DApps being supportive of the Merge and Ethereum Classic's minimal developer activity suggests that PoW hard forks will fizzle. Ether ( ETH ) is the second largest crypto by market capitalization and the absolute leader in decentralized applications by deposits. Becoming a victim of its own success, the network experienced a fee hike in November 2021 when the average transaction costs surpassed $50.  That's precisely why the Merge is a critical step to implementing a fully functional scaling solution. The confirmation of a transition to a proof-ofstake (PoS) consensus was the main driver for the rally toward $2,000 on Aug. 15. Investors were partially excited about the reduced issuing schedule and likely a transition to a deflationary scenario, but there's also the expectation of upcoming forks. As a result, hard-forked coins may be awarded to Ether holders on different blockchains, even though there's no guarantee those wil

Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The “1” Mark As Investors Sell The Rally As per the latest weekly report from Glassnode , the “get my money back” effect strikes the crypto once again as weakness continues in the market. The “ Spent Output Profit Ratio ” (or SOPR in short) is an indicator that tells us whether the overall Bitcoin market is currently selling at a profit or at a loss. When the value of this metric is greater than one, it means the average investor is selling BTC at a profit right now. On the other hand, the indicator’s value being below the mark implies the market as a whole is realizing some loss at the moment. A modified version of the SOPR is the “ Adjusted SOPR ” (aSOPR), which filters out transactions of all those coins that moved again within an hour of being last transferred. This helps remove noise that doesn’t have any noticeable impacts on

After briefly re-testing higher levels, Bitcoin and the crypto market retraced and gave back the gains obtained over yesterday’s trading session. The general sentiment in the market has been negative, with a large majority of participants expecting further losses. At the time of writing, the price of Bitcoin trades at $19,600 with 3% and 8% in losses over the past 24 hours and 7 days, respectively. The first crypto by market cap is one of the worst performers in the market, only surpassed by Dogecoin and Ethereum with a 4% and 3.7% loss over the last day. Source: Crypto total market Tradingview On the daily chart, the total crypto market cap was consolidating between $800 billion and $1.2 trillion coming in from a massive crash during April and June. The sector was trending upwards and finding support on a trendline that was pierced over the past week. Thus, the sector might be unable to sustain its current levels as the daily chart hints at further losses and a potential re-test o

Bitcoin mining with flared gas and animal waste gases could help the world’s largest cryptocurrency on a path to becoming zero-emission money. A pro-Bitcoin mining report from self-proclaimed philanthropist Daniel Batten has claimed that Bitcoin could become a zero-emission network. The report builds upon data from the Bitcoin Mining Council to understand the impact of carbon-negative energy sources on Bitcoin’s ( BTC ) overall carbon footprint. Following an investigation and extrapolation of the results, it claims to then “predict when the entire Bitcoin network becomes a zero emission network.” But how does the network become carbon-negative in the first place? Put simply, by  combusting stranded methane gas to mine BTC that would have otherwise been emitted into the atmosphere. The study finds that this process, which already happens worldwide, reduces the network’s emissions by 63%. “That means that the 1.57% of the Bitcoin network using carbon-negative sources have a -4.2%

An avid Bitcoin enthusiast and property entrepreneur is selling his beautiful luxury 2-story property in the “Hidden Valley” of Guaynabo, Puerto Rico. The property is situated amidst a picturesque landscape with the convenience of the center of San Juan metro within several minutes drive. This eye-catching property is located in an idyllic valley, home to the estates and villas of local and international celebrities. An added benefit of the magnificent architecture is the lavish lifestyle and tax benefits that come with the country’s legislation. Stunning Design The sprawling 2-story, 5-bedroom, 7-bathroom, 9,014 sq ft mansion rests on a plot just under 1-acre plot in size. The first floor hosts the atrium with a 180-degree mezzanine balcony above. The atrium emphasizes space with an open-plan room at 59ft in length. Located westward of the atrium is an elongated dining area large enough to entertain a dozen guests comfortably. Adjacent to the dining area is a kitchen bordering two

ASIC prepares to put crypto and DeFi firmly in its sights. Australia’s Northern Territory Racing Commission is preparing to adopt cryptocurrencies in gambling Australia’s financial regulator, Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The regulator intends to focus on “digitally enabled misconducts” and to protect investors “from harms posed by crypto-assets.” Given the ASIC’s history of anti-crypto sentiments, such an announcement could be perceived as hostile, but at least it contains a promise to implement some regulatory framework that is still absent.  And, it is hardly a coincidence that the announcement came only days after Australia’s new ruling government announced plans to move forward with regulation of the crypto sector by conducting a “token mapping” exercise by the end of the year . At the same time, Australia’s Northern Territory Racing Commission (NT

A Korean translation of the EU regulatory framework gave the Bank of Korea food for thought, and it shared its views on ICOs, stablecoins and protecting innovation. The South Korean central bank has indicated that initial coin offerings (ICOs) will be allowed under the Digital Assets Framework Act, according to a local news report. That comprehensive legislation is expected to be introduced in 2023 and implemented the following year.  The Bank of Korea (BOK) discussed ICOs in comments to a Korean translation of the European Union’s Markets in Crypto-Assets (MiCA) legislation released Monday. The BOK stated that the MiCA regulatory package protected users and investors without hindering innovation. “A balanced approach is needed to foster a sound market through the introduction of a crypto asset regulatory system to promote blockchain and crypto asset innovation while not hindering the development of related industries due to excessive regulation,” the Korean central bank wrote, co

Bitcoin bulls are fighting to hold the $20,000 level and several altcoins have seized upon the range-bound trading by rallying up to 10%. The United States equities markets are attempting to stabilize after the carnage on Aug. 26. On similar lines, Bitcoin ( BTC ) is also witnessing a see-saw battle near the psychological level of $20,000 with both the bulls and the bears vying for supremacy.  Although several analysts are bearish on Bitcoin in the near term, it has not stopped the whales from accumulating at lower levels . Data from on-chain research firm Santiment shows that the number of whale addresses holding between 100 to 10,000 Bitcoin has risen by 103 in the past 30 days. Daily cryptocurrency market performance. Source: Coin360 In bear markets, rumors spread fast and could result in quick declines, but many times, the fears are unfounded. Mt. Gox creditors confirmed on Twitter that the rumor of a 137,000 Bitcoin dump spread on social media was false. The creditors sai

Phishing comes in many forms. The main target of any cybercrime is to generate money from duplicitous actions. When a hacker targets an international business and steals their data, there is a financial incentive that pushes them to do so. As cryptocurrency becomes a more recognized financial medium, attackers are actively turning to target those with digital wallets. In 2021, crypto scammers took ​​$14 billion . Quite simply, as Bitcoin and other cryptocurrencies become more valuable, they become a bigger target for hackers and scammers. With this in mind, those that actively buy, sell, and trade cryptocurrencies like Bitcoin need to be aware of the risk they’re taking. In this article, to help reduce the chance of you falling for a Bitcoin phishing scam, we’ve created this article to show you the most common Bitcoin phishing messages you’re likely to come across. By learning about which forms phishing emails take, you’ll be better prepared to recognize them and put a stop to them

“This will enable people to connect their digital wallets once to either app in order to share their digital collectibles across both," said Meta. Facebook and Instagram users can both post nonfungible tokens, or NFTs, and digital collectibles to their accounts by linking their wallets. In a Monday update to a May 10 blog post, Facebook’s parent company Meta said the social media platform’s roughly 2.9 billion users will have the ability to share digital collectibles and NFTs. The announcement followed an Aug. 4 update in which Meta said Instagram users across 100 countries could post digital collectibles minted on the Flow blockchain or from wallets supporting the Ethereum or Polygon blockchain to their accounts, estimated to be between 1 billion and 2 billion as of the second quarter of 2022. Source: Meta “As we continue rolling out digital collectibles on Facebook and Instagram, we’ve started giving people the ability to post digital collectibles that they own across b

In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at Litecoin , the LTCBTC and LTCETH trading pairs, and how the cryptocurrency could lead the crypto rally and outperform both Bitcoin and Ethereum. Take a look at the video below. VIDEO: Litecoin Price Analysis (LTCUSD): August 29, 2022 Litecoin went from an enthusiast favorite during the 2017 bull run to one of the most hated coins due to its laggard tendencies and limited design. Although naysayers do have a point, the cryptocurrency works a lot like Bitcoin but faster.  It also enjoys regulatory acceptance allowing to on the list of major brands like PayPal – in which it is the cheapest coin on the list. Litecoin Weekly Could Trigger RSI Buy Signal Looking at the weekly Relative Strength Index and LMACD, things look a lot more healthy for Litecoin than other top cryptocurrencies. With a little push, Litecoin could set a higher high on the RSI. This is a buy signal according to the tool’s creat

Ethereum started a major decline below the $1,600 zone against the US Dollar. ETH even declined below $1,500 and now any recovery could face hurdles. Ethereum extended its drop below the $1,600 and $1,500 levels. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but upsides might be limited above $1,500. Ethereum Price Takes Hit Ethereum failed to gain pace above the $1,660 and $1,675 resistance levels . ETH started a fresh decline and traded below the key $1,600 support zone. It opened the doors for a move below the $1,550 and $1,500 support levels. Ether price even settled below the $1,500 level and the 100 hourly simple moving average. A low was formed near the $1,423 level and the price is now correcting losses. An immediate resistance on the upside is near the $1,460 level. The first major