Tokens

Meta to Start NFT Tests on Instagram This Week

  • Mark Zuckerberg revealed that Instagram will be the first app under Meta's control to start NFT tests, and that Facebook could soon see a similar functionality.
  • Meta's CEO also noted that the company was working on augmented reality NFTs, which will allow users to place their digital art into physical spaces.

Wikipedia Bans Crypto Donations, Closes BitPay Account

  • The proposal to block crypto donations was made back in January, and a recent vote showed that 71% of the community supported the idea.
  • As part of the decision, the Wikimedia Foundation revealed it will be closing down its account with BitPay, its crypto payment service partner.

Goldman Sachs Approves First BTC-Backed Loan

  • A Goldman Sachs spokesperson noted that the deal was particularly interesting because of its unique structure and 24/7 risk management.
  • The move comes at a time when Wall Street firms have started to increase their involvement in the crypto space.

Deus Finance Exploited for $13.4M in Flash Loan Attack

  • Blockchain security firm PeckShield noted the attacker used a $143 million flash loan to inflate the price of DEI, allowing him to steal $13.4 million from Deus Finance.
  • This is the second time in two months that a malicious entity had used a flash loan exploit to manipulate the price of digital assets on the DeFi platform.

Binance.US Acquires Money Transmitter License in Puerto Rico

  • With this license, Binance.US now operates in 45 states and seven territories of the U.S., moving it a step closer to its goal of providing services in all states and territories.
  • Binance.US CEO Brian Shroder noted that this license was important to the exchange, as Puerto Rico is a particularly important market for the growth of crypto.

KuCoin Launches $100M NFT Creators Fund

  • The $100 million Creators Fund was launched by the company's venture arm, KuCoin Ventures, and its newly launched NFT marketplace, Windvane.
  • It will support a wide range of NFT projects, such as art, sports, profile pictures (PFPs), Asian culture, celebrities, GameFi, and others.

Circle Partners With BlackRock, Reveals $400M Funding Round

  • BlackRock, the main asset manager for the USDC cash reserves, will now explore the capital market applications for the USDC stablecoin.
  • The $400 million funding round, which is expected to complete in the second quarter, will see participation from Fidelity, Marshall Wace, Fin Capital, and BlackRock.

Coinbase India Suspends UPI Payments Shortly After Launch

  • The exchange has stopped accepting payments through the United Payments Interface system only three days after its launch in India.
  • The system is governed by the National Payment Corporation of India, which said it was "not aware of any crypto exchange using UPI" only hours after the exchange was launched.

Robinhood Launches Crypto Wallet to 2M Customers

  • Robinhood's crypto wallet, which was rolled out to 2 million users, will not support Ethereum-based services like ERC-20 tokens and NFTs.
  • The trading app also revealed it had plans to integrate the Bitcoin Lightning Network, reducing the time and fees associated with transfers.

U.S. Imposes Sanctions Against Russia’s Largest Darknet Marketplace

  • Russian darknet marketplace Hydra and crypto exchange Garantex have been connected to Russian cybercrime, and have become the new targets for OFAC sanctions.
  • In its investigation, OFAC found more than $8 million connected to ransomware attacks had moved through Hydra, while Garantex had facilitated over $100 million in illicit transactions.