An Instagram influencer known as Jay Mazini could face a prison term of up to 20 years after pleading guilty to operating a Ponzi scheme and defrauding $8 million from victims on social media.
The social media giant also announced that digital collectibles were now available to every Instagram user in the 100 countries where the feature is available.
Six senators, including Elizabeth Warren, wrote a letter to the Meta CEO demanding to know how he is fighting scams after readmitting ads.
Meta introduced NFTs to Instagram in May and is now expanding to Facebook as well, but is avoiding the controversy and calling them digital collectibles.
U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money amounting to more than US$7 billion since 2019.
Instagram users in Africa, the Americas, the Middle East, and the Asia-Pacific regions can now post digital collectibles from three blockchains without charge.
UST, a stablecoin pegged to the U.S. dollar, along with its sister token Luna, plunged to its lowest value—dropping as low as below $0.30 and losing about $40 billion of its market cap in 48 hours.
The rollout will start on Instagram this week, and Mark Zuckerberg revealed that NFT integration is also coming to the Meta family of apps, including Facebook.
Digital assets security researcher Zachxbt revealed that 91 NFTs were stolen, and most of the funds from the stolen NFTs found their way to KuCoin and Binance.
With its private beta testing phase now complete, existing Relica users can use referral links to invite others to join in the image sharing social network running on Bitcoin SV.
A fake account posing as Calvin Ayre is hatching some get-rich-quick scheme on social media.
