Meta, formerly known as Facebook, brings NFT feature to Instagram, one of the most used social media platforms in the world. The implementation will first start in close to 100 countries. The feature will cover Ethereum, Polygon and Flow NFTs. It will also support Web3 wallets. Owner Mark Zuckerberg, who made a statement on the subject, said that NFTs are the reason for the company's Web3 work and that they do this not only to build technology, but also to help the ecosystem. Because at the end of the day, we won't be creating most of the content.
BlackRock Partners with Coinbase
BlackRock has announced a partnership agreement with Coinbase to manage its institutional clients' crypto investments and portfolios. A former BlackRock executive said that he thought crypto assets would be in everyone's portfolio, which is why he saw BlackRock's move as quite logical.
Swiss Asset Manager Issues Warning on Crypto Assets
Tee Fong Seng, CEO of the Asian asset management branch of Swiss asset management company Pictet Group, acknowledged the rising role of cryptocurrencies in a panel discussion, but stated that cryptocurrencies have no place in private banking, at least for now.
Interest in Crypto Assets Declines in America
As a result of new researches, negative results were reached regarding the investor characteristics of the bear market entered in the cryptocurrency market and its interest in the market. In the report, it was stated that this period caused the interest in the market worldwide to decrease considerably. Internet research statistics of crypto assets showed a decline of 30% in the Netherlands, Ireland and the United States.
Applying for Tax Relief on Crypto Assets in Japan
Japan's two leading crypto advocacy groups, the Japan Crypto-Asset Cooperation (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), have released a tax referendum package to reduce the tax collected on individual investors' crypto earnings by 20%.
Transactions on the Ethereum Network Have Reached Their Cheapest Level Since 2020
The Ethereum blockchain continues to achieve its goals while PoS is in transition. While the average transaction fee was intended to decrease during the transition to PoS, the decrease in transaction fees to $ 3 was the lowest level reached since December 2020. It was stated that this decrease in transaction fees was manifested by the decrease in trading activities on the exchanges despite the increase in the number of transactions on the network.
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