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Krystal Newsflash (2nd Sep 2022)

●   3 min

Welcome to our recap of the major stories in the crypto world! Here’s what has happened over the past week:

Meta 🤝 NFTs

You can now showcase NFTs that you own on your Instagram and Facebook accounts.

If you own any NFTs on the Ethereum, Polygon or Flow networks, they can be added to your social media accounts.

Meta only allows you to connect a limited number of wallets, including Coinbase Wallet, Dapper, Metamask, Rainbow and Trust Wallet.

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If you would like to view the NFTs that you own on 8 other networks (including BNB Smart Chain, Avalanche, Fantom, Cronos, Arbitrum, Aurora, Solana and Klaytn), you can try out our platform on desktop and mobile!

No 🙅‍♂️ to retail crypto investments: MAS

During a recent seminar, Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), reiterated MAS’ stance on cryptocurrencies.

While MAS wants to develop a digital asset ecosystem in Singapore, they are against retail crypto investments due to its risks and volatilities.

MAS wants to add frictions on retail access to cryptocurrencies, including “customer suitability tests and restricting the use of leverage and credit facilities for cryptocurrency trading”.

However, they have acknowledged that totally banning retail access to cryptocurrencies will most likely not work.

Despite this, Temasek Holdings, a Singaporean state company, will be participating in a funding round for Animoca Brands.

While Temasek does not invest in cryptocurrencies, they are looking at service providers within the cryptocurrency space.

🔥 Arbitrum Nitro

Arbitrum has released its Nitro upgrade, which could be gamechanging!

This upgrade helps to further increase the networks’ throughput and interoperability, which ultimately could lead to lower transaction fees.

Further, Arbitrum’s Odyssey program is set to resume after the Nitro upgrade.

This program rewards you with exclusive NFTs when you complete certain tasks on the Arbitrum network.

To prepare for the resumption of Odyssey, you can create a wallet on Krystal, which supports Arbitrum and 9 other networks!

Binance Pay 🤝 Virtuzone 🇦🇪

You can now use Binance Pay to make payments to Virtuzone, a Dubai-based business formation services provider.

This partnership comes amidst Dubai’s push to become the de-facto crypto hub in the world, after it established its Virtual Asset​s Regulatory Authority (VARA).

Jobs aplenty despite bear market 💼

Were you laid off during the bear market?

Many crypto companies are still looking to hire talents, despite the numerous layoffs by the top centralised exchanges.

Job openings are still available, especially if you’re looking for a role in DeFi, NFTs or the Metaverse.

Which NFT will you showcase on your Instagram? Are you still looking for a job in the crypto space? Tweet us or send us a message on Telegram to let us know!

🔍 Navigate the DeFi Space NOW with Krystal!

Start your journey NOW on Desktop, iOS or Android

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