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BlackRock Partners With Coinbase in Crypto Market Expansion – Top Crypto Updates

BlackRock partners with Coinbase in crypto market expansion

The world’s largest asset manager, BlackRock Inc., is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin. Top BlackRock clients will be able to use its “Aladdin” investment-management system to oversee their exposure to Bitcoin, stocks, and bonds. The system will also facilitate financing and trading on Coinbase’s exchange.

Crypto prices today: Bitcoin up 1%, ETH rises 1.9%

Bitcoin is currently trading at $23,220.65, an increase of 0.98% over the previous day. Ethereum rose 1.87% over the last 24 hours to $1,661.93. Solana rose 2.97% to $40.1, while Cardano is trading higher by 1.7% at $0.510. Polygon (MATIC) rose 3.1% to $0.924. The global crypto market cap stands at $1.09 trillion, a 1.78% increase over the previous day.

Binance, Mastercard launch Bitcoin Rewards Card in Argentina

Binance and Mastercard have launched a prepaid rewards card in Argentina to help citizens spend crypto on everyday goods. The card will let users buy things and pay bills with Bitcoin and other cryptos. It will convert the crypto users hold on the Binance app into fiat currency (US dollars or Argentine pesos) in real-time at the point of sale.

Instagram adds Flow blockchain NFTs; FLOW token jumps 44%

Meta’s Instagram has added support for Flow-based NFTs as it expands its NFT initiative into more than 100 total countries. FLOW’s price has surged as a result, up about 44% over the past 24 hours. Instagram’s expanding integration lets collectors showcase their verified Flow NFTs on their accounts in Meta’s photo-sharing service. 

Halliday raises $6M for ‘Buy Now, Pay Later’ Ethereum NFTs

Web3 startup Halliday has raised $6 million in a new seed round led by Andreesen Horowitz (a16z) to change how gamers buy and use digital assets in virtual worlds. The platform gives gamers a “play now, pay later” option. It aims to make in-game purchases and proof of ownership for NFTs more affordable and convenient for gamers.

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Bitcoin Falls Below $30,000 – Top Crypto News

Bitcoin price falls below $30,000 as markets show signs of panic

Bitcoin fell more than 11% in 24 hours to dip below $30,000 on Tuesday as both traditional financial markets and crypto suffered from a sell-off caused by the US Federal Reserve’s aggressive monetary stance to curb inflation. The latest crash left Bitcoin at a 10-month low and its lowest price this year. BTC is more than 55% lower than its all-time high of $69,000, set last November.

Crypto prices today: Bitcoin falls 5%, ETH down 2.2%

Bitcoin is currently trading at $31,986.17, a 4.9% decline over the previous day. Ethereum is down 2.25% over the last 24 hours to $2,398.33. Solana fell 5.13% to $70.44, while Cardano is trading lower by 2.47% at $0.678. Avalanche (AVAX) fell 6.4% to $47.27. The global crypto market cap stands at $1.47 trillion, a 4.37% decline over the previous day.

El Salvador spent $15M on latest Bitcoin dip

El Salvadoran President Nayib Bukele said the country bought another 500 Bitcoin (~$15.3 million) during the current market correction. The total number of BTC owned by El Salvador stands at over 2,300 (~$72.5 million). In September 2021, El Salvador became the first country to make Bitcoin legal tender.

Instagram eyes creator economy with NFT rollout

Instagram has signaled its interest in turning non-fungible tokens (NFTs) into a revenue stream for the creators catering to its billion-plus user base. At launch, Instagram’s NFT pilot will allow a handful of creators to share their digital art on the platform– no sales, trading, or fees involved. Creators could use blockchain tech to build connections with their fans that are monetizable and recognized anywhere.

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GST Council to Consider Levying 28% GST on Crypto – Top Crypto News

GST Council to consider levying 28% GST on crypto: Report

As per a CNBC-TV18 report, the Goods and Service Tax (GST) Council is likely to consider levying 28% GST on cryptocurrencies. The government’s view is to bring crypto taxation at par with lotteries, casinos, racecourses, and betting. The council has nominated a law committee to take up the proposal to levy 28% GST on all services and activities related to crypto soon.

Crypto prices today: Bitcoin falls 3.3%, ETH down 4%

Bitcoin is currently trading at $33,673.7, a 3.3% decline over the previous day. Ethereum is down 4.1% over the last 24 hours to $2,460.2. Solana fell 5% to $74.5, while Cardano is trading lower by 6.35% at $0.70. Avalanche (AVAX) fell 6.6% to $50.82. The global crypto market cap stands at $1.54 trillion, a 3.43% decline over the previous day.

Experts say that panic over inflation and fears of a potential recession are reasons behind the ongoing crypto market crash.

Google forms Web3 team to tap the market’s potential

Google’s cloud unit is forming a team to build services for developers running Web3 and blockchain applications. The tech giant is trying to capitalize on the surging popularity of crypto and related projects. It wants to offer back-end services to developers interested in composing their own Web3 software as the company battles for market share in cloud infrastructure.

Instagram to support NFTs from Ethereum, Polygon, Solana

Meta’s Instagram is planning non-fungible token (NFT) integrations for Ethereum, Polygon, Solana, and Flow. The pilot project will feature a small group of NFT experts based in the US. Instagram intends to support widely used crypto wallets such as MetaMask. Users will be able to prove NFT ownership using their crypto wallets, showcase NFTs on their profiles, and tag the creators who made them.

$1B worth crypto “bridge” hacks spur secure alternative offers

High-profile hacks on crypto “bridges” are creating opportunities for exchanges and other businesses to offer more secure alternatives. Bridges allow users to swap digital tokens across blockchains. Over the past few months, hackers have siphoned more than $1 billion from popular crypto bridges like Wormhole and Ronin.

Now, crypto exchanges FTX and Coinbase are deepening their capabilities to provide bridge-like services on various blockchains. Users invested in Bitcoin or Ethereum can easily participate in other networks’ financial or gaming apps.

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NFTs to Come on Instagram Soon – Top Crypto News

NFTs are coming to Instagram, says Mark Zuckerberg

Mark Zuckerberg, CEO of Meta, confirmed that non-fungible tokens (NFTs) will be coming to Instagram in the “near-term”. Many have predicted that users will be able to mint new NFTs on Instagram and share those already in their collection. Zuckerberg said he hopes one day that users will be able to mint the clothes of their digital avatars as NFTs. However, he admitted there is still a lot of work to do before that can happen. 

Crypto prices today: Bitcoin rises 3%, ETH up 4.7%

Bitcoin is currently trading at $39,501, a 2.99% increase over the previous day. Ethereum is up 4.7% over the last 24 hours to $2,641.5. Solana rose 4% to $82.42, while Cardano is trading higher by 1.4% at $0.8005. Polkadot (DOT) jumped 5.2% to $18.1. The global crypto market cap stands at $1.76 trillion, a 2.82% increase over the previous day.

American Express files trademark applications for Metaverse and NFT logos

American Express has filed seven trademark applications linked to virtual services and its iconic Centurion logo. The company is joining financial peers JP Morgan, Visa, and Mastercard in exploring Web3 applications of its intellectual property (IP). American Express may develop its footprint in the metaverse, a future vision of the Internet that could be more immersive by using virtual reality (VR) and augmented reality (AR) headsets. 

Afghans turn to crypto amid US sanctions

Since the Taliban’s takeover, Afghanistan’s economy has collapsed due to US sanctions, failing banks, and the drying up of foreign aid. However, crypto has come to the rescue of Afghans. Many are now using Binance’s P2P crypto exchange. It allows them to buy and sell their coins directly with other users on the platform. In 2021, data firm Chainalysis gave Afghanistan a rank of 20 out of the 154 countries it evaluated in terms of its crypto adoption.

DeFi lending protocol Agave’s AGVE crashes ~25% amid exploit investigation

AGVE, the token of lending protocol Agave, has fallen over 25% after the company said it is looking into an exploit. Hundred Finance, a multi-chain lending protocol on the Gnosis chain, was also attacked. According to blockchain security researcher Mudit Gupta, the attack vector in both cases was a “re-entrancy attack” (similar to Trojan Horses).

Governments see crypto as an ‘evolving threat’: Edward Snowden

Governments see crypto as an “evolving threat,” according to whistleblower Edward Snowden. Speaking at Camp Ethereal 2022, he discussed how global governments are threatened by crypto disrupting the regulatory status quo. The United States has routinely raised alarm bells about the use of crypto in undermining national security.