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Fresh Off The Block: Meta expands Instagram’s NFT support across 100 countries and more

Khairani Afifi Noordin
·1-min read

Robinhood crypto division slapped with US$30 mil fine while NEAR trades 20% higher over 7-day period.

Meta Platforms is beginning the international expansion of its non-fungible token (NFT) support for Instagram across 100 countries in Asia Pacific, the company announced on August 4.

The company said it is also supporting wallet connections with the Coinbase Wallet and Dapper, as well as the ability to post digital collectibles minted on the Flow blockchain. As of the date of the announcement, Meta supports connections with third-party wallets including Rainbow, MetaMask and Trust Wallet.

Photo: Mark Zuckerberg's Facebook post

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Nasdaq-listed US fintech company Robinhood’s crypto division has been slapped with a US$30 million fine by the New York Department of Financial Services (NYDFS) for “significant failures” in the areas of anti-money laundering and cybersecurity regulations. The penalty is NYDFS’s first crypto-sector enforcement.

“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance—a failure that resulted in significant violations of the Department’s anti-money laundering and cybersecurity regulations,” said NYDFS Superintendent Adrienne Harris.

Photo: Robinhood

Near Protocol’s native token NEAR surged over 20% over the past 7-day period following a disclosure that it had discovered and fixed a security breach.

On August 4, the proof-of-stake public blockchain developer wrote in a blog post that it had received a bug report indicating that sensitive information had been shared with a third party. The issue was fixed promptly the same day. As at August 5, NEAR tokens are trading at US$5.16 apiece.

Chart: NEAR 7-day price performance, CoinGecko

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