DeFI News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage Meta has announced a new feature for Facebook and Instagram users. The new feature will aid Facebook and Instagram users share virtual collectibles and NFTs. According to the company, the new feature is now available for the 2.9 billion subscribers of the two social platforms.  Meanwhile, the latest unveiling comes after Meta unveiled a feature around August 4, 2022. Then, the firm disclosed how Instagram subscribers across 100 countries would be allowed to upload their virtual collectibles . However, the firm divulged that the feature is limited to collections minted on the Flow blockchain. Also, in the same announcement,  wallets supported by Polygon or Ethereum blockchains connected to their Instagram accounts can also post virtual collections.  According to the estimation by Meta, in the second quarter of 2022, Instagram will have about 1 or 2 billion subscribers. While speaking on the la...

Binance Custody provides advanced cold and hot storage security and liquidity solutions that allow institutions to conveniently and safely handle digital assets. Scallop will liaise with Binance Custody to use its highly secure  cold storage service . The integration will ramp up the existing security of users’ assets. The new integration enables direct support for the $SCLP token via Binance Custody meaning that SCLP tokens will now be supported and stored in the institutional and insured cold storage facility. “We are excited about our long-term partnership. “We’ll be leveraging Binance Custody’s capabilities in digital asset security and institutional services to bring our cutting-edge, industry-shaping products to millions of users across the UK and Europe and help them manage their finances securely.”—   Scallop CEO Raj Bagadi. With a focus on security and insurance coverage, Binance Custody employs industry-leading secure MPC (Multi-Party Computing). Threshold signing techn...