NFTs come to Facebook and Instagram
You can now post NFTs both on Instagram and Facebook. Yay!
Meta is moving forward with its NFT plans regardless of the market conditions. The company announced that it will now let users post their NFTs across Facebook and Instagram from one digital wallet linked to both social networks.
Users can connect their wallets like Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet to post digital collectibles minted on Ethereum, Polygon and Flow.
Meta started testing NFTs on Facebook earlier this summer:
March: during SXSW, Mark Zuckerberg hinted NFTs are coming to Instagram soon.
May: Instagram started testing NFTs with select creators in the United States.
June: Facebook started the test
July: Meta rolled out NFT support on instagram to 100 countries.
And now this!
Meta is not at all bothered by the crypto downturn.
However, currently the ability to post NFTs on both social networks is available only to U.S.-based users.
There are also rumours that Meta is working on an NFT marketplace where people can buy and sell digital collectibles. The company is also working on custom animations for NFT posts.
The argentine province allows residents to pay taxes using stablecoins
Stablecoins are now accepted as a method of paying taxes in the Province of Mendoza in Argentina. It is the fifth-largest territory in the nation, and Mendoza has a population of about 2 million.
According to Mendoza's government-published instructions, residents can make payments using any cryptocurrency wallet, including Binance, Bitso, Buenbit, Bybit, Ripio, and Lemon. Mendoza will only take stablecoins for tax payments, including DAI and USDT.
When the stablecoins are received, the ATM will convert them into dollars for processing and give the payers a receipt for the transaction.
It seems that provincial organisations, like those in Mendoza, are considering adopting cryptocurrencies while the federal government of Argentina moves to regulate the industry.
CME Group launches euro-denominated Bitcoin and Ether futures
CME Group, the world's leading derivatives marketplace, announced that it had begun offering contracts for futures of Bitcoin (BTC) and Ether (ETH) in euros, with contract sizes of 5 BTC and 50 ETH, respectively, on its derivatives exchange.
"Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap." says the group
The Chicago-based derivatives exchange announced plans to introduce options on Ethereum futures on September 12 in anticipation of the blockchain's impending switch to proof-of-stake, which is expected to occur between September 10 and 20.