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2022-09-03 20:19:02 Meta is planning more paid features for Facebook and Instagram

Meta is setting up a product organization to identify and build “possible paid features” for Facebook, Instagram, and WhatsApp, according to an internal memo sent to employees last week that was obtained by The Verge. The new division is Meta’s first serious foray into building paid features across its main social apps, all three of which boast billions of users.

Meta’s revenue almost entirely comes from ads, and while it has several paid features already across its apps, the social media giant hasn’t made charging users a priority until now. Hegeman downplayed paid features becoming a meaningful part of the business in the near term, but said that “on the flip side, I think if there are opportunities to both create new value and meaningful revenue lines.

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2022-09-03 19:18:02 Bitfarms Increases Bitcoin Mining in August 2022

Bitfarms, a global Bitcoin (BTC) self-mining company, mined 534 Bitcoins for an average of 17.2 BTC/day in August 2022 alone, up 50% from August 2021. Talking about the growth in Bitcoin mining, Ben Gagnon, Chief Mining Officer of Bitfarms, said, “Our hash rate grew to 3.9 EH/s, up 1% from the beginning of August, and we averaged 3.8 EH/s for the month.”

A press release from Bitfarms said that the company averaged over 17 BTC per day, ending the month with a total production of 534 BTC, up 7% from 500 BTC in July. Commenting on the August reports, Geoff Morphy, President and COO of Bitfarms, said, “The initial segment of our first 50-megawatt (MW) warehouse in Rio Cuarto, Argentina, is nearing production and will be a key contributor to achieving our goal to deliver 4.2 exahash per second (EH/s) by September 30.”. According to the document, in the last 12 months, industrial investment grew by 220%.

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2022-09-03 19:09:02 Revolut slashes crypto trading fees by 20% starting October 2022 -Link

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2022-09-03 17:54:28 Just-In: Aave Community Takes Major Decision Before The Ethereum Merge
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2022-09-03 17:17:03 Circle Onboards Bybit as a Partner to Promote USDC Access and Adoption - Read Full News

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2022-09-03 17:01:55 LC Waikiki opens its first store in the metaverse

LC Waikiki Chief Digital Officer Şerafettin Özer explained that they continue their work with the belief that the concept of metaverse will become a part of our daily lives, and stated that they continue to manage and develop their metaverse work entirely under the leadership of the meta teams inside. Özer said: “We focused on providing an enjoyable shopping experience by creating a pleasant world for our customers at LC Waikiki Meta Store. Stating that it is possible to fully experience the visual and auditory effects on gaming computers or computers with the necessary hardware features, Özer said that for this reason, they have opened their stores to a very limited audience for now and will continue to develop them with the feedback they will receive from users.

NFTs | OpenSea | News Open / Comment

2022-09-03 15:31:02 Top NFT Marketplace Loses 99% Trading Volume

OpenSea, the world’s most popular NFT marketplace, is going through a rough patch. As per the data from blockchain-tracking service DappRadar, OpenSea witnessed a 99 percent drop in trading volumes since May 1. The trading figure plummeted from a whopping $2.7 billion in NFT sales to only $9.34 million, sparking concerns that the digital asset market might lose its charm.

OpenSea sacked 20% of its employees in July this year. However, it refuted the 99% figure and told Fortune that it prefers measuring transaction numbers by Ethereum (ETH) volume alone, suggesting the volatile nature of the cryptocurrency.Besides, OpenSea also claimed that DappRadar’s methodology isn’t up to mark, as its analysts compared OpeSea’s single-best sales with its all-time low figure. But despite OpenSea’s revised numbers, Fortune’s calculation found that the company saw its trading volume drop by 63% between May and July.

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2022-09-03 15:12:02 ​​DeFi Exchange KyberSwap Suffers $265,000 Frontend Exploit -Link

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2022-09-03 14:16:02 Muse's Will Of The People becomes first UK number one album with NFT technology

Muse has made history with their ninth LP Will Of The People, marking the UK's first number 1 album to incorporate NFT technology. It is the first full-length record containing NFT (non-fungible token) elements to make the top spot, and the first new format to be added to the official albums chart since it began counting streaming data in 2015.

A fairly recent craze from the cryptocurrency world, NFTs are unique digital assets that exist on a blockchain and cannot be replicated. For clarification, if something is fungible, it is interchangeable with another good or asset - non-fungible means it is not. Last year, a piece of digital art sold for more than $69 million (£50m) at Christie's, marking the first ever sale by a major auction house of a piece of art that did not exist in physical form.

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2022-09-03 13:36:59 BlackRock taps Kraken's CF Benchmarks to power its bitcoin offering

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