Twitter adds a new feature that allows users to verify their NFTs to use them as a profile photo on the social network. This and more news in this practical summary daily so that you are always informedwith events most recent that occur within the crypto world.
NFT and DeFi Markets
📍Twitter enables new NFT verification feature for Twitter Blue subscribers. This Thursday, the social network Twitter reported that users subscribed to its Twitter Blue service can try a new NFT feature, which allows them to display non-fungible tokens in their profile photo. Users of this service will be able to use the function through iOS, connecting their digital wallets as Dappradar, TrustWallet, among others, to verify and access your NFTs.
With this new feature, Twitter becomes the first global social network to add NFT verification from its application and to allow these tokens to be displayed through user profiles. Twitter Blue is a subscription service, which costs $2,99 per month.
📍On the other hand, Meta will integrate NFT functions into its social networks Facebook and Instagram. According to Reports, users of social networks such as Facebook and Instagram will soon be able to mint and trade NFTs from their platforms. Meta, the corporation formerly known as Facebook, reported that it will enter the NFT market through its social media applications, which bring together more than 3.000 billion users around the world.
Miners and Validators
📍Another lone miner takes the entire reward of a block. This time, on the Ethereum network. A solo Ethereum miner, operating in the “2miners Ethereum SOLO” pool, has born a reward of 168 ethers, when mining a block on the chain Ethereum. This miner is the third in a series of lucky people who in recent weeks have earned block rewards in full, by mining blocks on the Bitcoin network; even though they work alone and they have a fairly tiny hash rate within the blockchain.
Strategic investments
📍Andreessen Horowitz, one of the largest venture capital firms in the world, will create the largest investment fund for the crypto industry. The venture capital company wants to raise $4.500 billion to create a new investment fund, which will be focused on cryptocurrencies and Web3. So it reported the Financial Times in a recently published article. This new investment fund will be the largest created in the crypto industry and will focus on investing in cryptocurrencies, tokens and digital assets, as well as driving the development of Web3.
In June 2021, Andreessen Horowitz created a crypto investment fund 2.200 million, dedicated to the promotion and development of innovative projects related to the crypto industry and blockchain technology.
Development and Technology
📍Bitcoin's Taproot update comes to a new hardware wallet. The physical digital wallet, or hardware wallet, BitBox02 is the latest to implement Bitcoin's Taproot update, to support these transactions on the network. In addition to this, the hardware wallet has implemented new features to support NFTs on Ethereum and has fixed a security vulnerability that put funds at risk.
Rules and Regulations
📍Gary Gensler, chairman of the SEC, wants to tighten regulation of cryptocurrency exchanges this year. The chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, reported that the regulatory body's staff is analyzing ways to bring greater regulation to cryptocurrency exchanges and exchange platforms this 2022. According to the financial regulator, investors who participate in the cryptoasset market must have adequate protection that guarantees their stability and security. Gensler pointed out that the way to do this is to tighten regulation of platforms that offer exchange and investment services with digital assets.
“If trading platforms do not enter the regulated space, it would be another vulnerable year for the public”, Indian.
Continue reading: Polygon (MATIC), on its way to being a deflationary cryptocurrency with the arrival of EIP-1559
