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” Insta-rally! FLOW token jumps 50% amid Instagram adoption euphoria “ Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram’s nonfungible token (NFT) features. Insta-made FLOW rally Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa,…
” Meta enables Instagram NFT integration in over 100 countries “ According to a Meta newsroom post updated on Thursday, the Mark Zuckerberg-led company has begun its nonfungible token (NFT) expansion across 100 countries in Africa, the Asia-Pacific, the Middle East and the Americas. This includes adding support for wallet connections with Coinbase Wallet and…
“Chuck Schumer’s son-in-law lands lucrative gig at private equity giant Blackstone” Senate Majority Leader Chuck Schumer’s son-in-law has been hired by top private equity firm Blackstone — the latest family member to land a lucrative gig with an industrial giant that is subject to government regulation. Michael Shapiro, the Princeton- and Yale-educated lawyer who most…
“Instagram rolls back changes after Kim Kardashian, Kylie Jenner criticism” Instagram is halting its plans to make its social media platform more like heavyweight rival TikTok after criticism from users, chief among them mega-influencers Kim Kardashian and half-sister Kylie Jenner. Instagram, which is owned by Facebook’s parent company Meta Platforms, rolled out plans to alter…
“Facebook’s Meta reports first ever revenue drop” Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with a global recession looming and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 3.4% in extended trading. The company said it expects…
” Aptos Labs raises $150M, more than doubling valuation “ Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. The funding round was co-led by venture studios FTX Ventures and Jump Crypto, with additional participation…
” Turkish crypto exchange joins COPA to fight against ‘patent trolls’ “ Major Turkish crypto exchange BtcTurk has joined the crypto patent alliance (COPA) to team up with prominent firms in their mission to provide open access to patents and empower the adoption of crypto technologies. COPA aims to abolish patents as it’s perceived as…
” Time to accumulate? 5 sectors to watch during crypto winter “ It’s weird to think that anyone could look forward to downturns in the crypto market, but that is precisely the position held by many developers and project creators who enjoy the low-pressure environment that exists during a bear market. As the saying goes,…
“Facebook shared deleted user data with cops: lawsuit” Facebook employees were able to access deleted user data and share details with law enforcement agencies, according to allegations included in an explosive lawsuit filed by an ex-employee who said he was ousted for raising concerns about the practice. Brennan Lawson, a former member of Facebook’s global…
” NFTs to authenticate racing car parts: Nifty Newsletter, June 29–July 5 “ In this week’s newsletter, read about Binance’s partnership with the most-followed TikToker Khaby Lame. Check out how Vincenzo Sospiri Racing will use NFTs to authenticate car parts and how NFTs will gradually appear on Facebook and other Meta-owned apps. Meanwhile, an NFT…