Instagram is launching a pilot for NFTs on its platform. NFTs built on Ethereum, Polygon, Solana, and Flow blockchains. It remains unclear if NFTs on all four networks will be released in the pilot at once, or gradually. Elaborate details on Instagram’s NFT support pilot remains awaited for now. It is reportedly confirmed that the photo-messaging app will not be cha…

The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (roughly Rs. 26 lakh) across global cryptocurrency exchanges. The slide in the value of digital assets comes as stock markets around the world also dropped in recent days.

Blockchain bridges receive one type of crypto, for instance, LUNA. It locks this LUNA as a deposit. It ‘mints’ an equal amount of another cryptocurrency, like, Wrapped LUNA and releases it on another blockchain e.g. Ethereum Mainnet. There are two kinds of blockchain bridges, trusted bridges and trustless bridges.

Nvidia has agreed to pay $5.5 million (roughly Rs. 42 crore) to settle civil charges that the technology firm did not properly disclose the impact of cryptomining on its gaming business, the US Securities and Exchange Commission (SEC) said on Friday.

In the wake of the launch of a Bitcoin-focused 401(k) account retirement plan in the US by Fidelity Investments, two Senators, Elizabeth Warren of Massachusetts and Tina Smith of Minnesota, have expressed concerns over the company’s latest products. The concerns were contained in a letter to the firm’s Chief Executive Officer, Abigail Johnson.

Twitter’s decentralised social media project titled “Bluesky” has shared its first code protocol and content moderation ideas with the public. The developers of this project are open to shaping-up the platform based on the feedback from the general public. The network is available for other developers to experiment with it.

The central bank of Argentina, (BCRA) announced that it has barred banks in the country from facilitating for clients the use of crypto assets.

Opera’s crypto browser has added BNB to its list of supported blockchains along with Ether and Polygon. With this, the Norwegian platform aims on driving mainstream crypto adoption. As part of its future plans, Opera aims to add more blockchain networks including Solana, Ronin, and Bitcoin among others.

Interest rate hikes by the US Federal Reserve has shaken up the crypto market. With investors pulling out money from these high-risk assets, most cryptocurrencies have been axed by losses. Along with Bitcoin and Ether, Binance Coin, Ripple, and Cardano also lost values. Stablecoins such as Tether managed to bring in miniscule gains.

According to the International Monetary Fund, the Central African Republic’s adoption of Bitcoin as legal tender poses several issues for the country and the region.