{"id":10624,"date":"2022-05-09T18:29:11","date_gmt":"2022-05-09T18:29:11","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/"},"modified":"2022-05-09T18:29:12","modified_gmt":"2022-05-09T18:29:12","slug":"instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/","title":{"rendered":"Instagram Starts Testing NFTs, Roubini&#8217;s Dollar Replacement Plan, Bitcoin Inflows Return, Ethereum Outflows Slow Down + More News"},"content":{"rendered":"<div>\n<figure class=\"image\"><figcaption>Mark Zuckerberg, CEO of Meta. Source: A video screenshot, Faceboo\/Mark Zuckerberg<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p><i>Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.<\/i><\/p>\n<p>__________<\/p>\n<h2>NFTs news<\/h2>\n<ul>\n<li>Mark Zuckerberg, the CEO of <strong>Meta<\/strong>, the parent company of social networks <strong>Facebook<\/strong> and <strong>Instagram<\/strong>, announced that this week they\u2019re starting to test digital collectibles on Instagram so creators and collectors can display their NFTs on their profiles. Zuckerberg added that similar functionality is coming to Facebook \u201csoon\u201d.<\/li>\n<\/ul>\n<p><iframe src=\"https:\/\/www.facebook.com\/plugins\/video.php?height=476&amp;href=https%3A%2F%2Fwww.facebook.com%2Fzuck%2Fvideos%2F734113884613230%2F&amp;show_text=false&amp;width=380&amp;t=0\" style=\"border:none;overflow:hidden\" scrolling=\"no\" allowfullscreen=\"true\" allow=\"autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share\" width=\"380\" height=\"476\" frameborder=\"0\"><\/iframe><\/p>\n<h2>Tokenization news<\/h2>\n<ul>\n<li>Prominent crypto skeptic, US economist Nouriel Roubini is working on a tokenized replacement for the US Dollar, dubbed USG, which is meant to stand against higher inflation, climate change, and civil unrest, per Bloomberg. Roubini <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Nouriel\/status\/1523642813023494145\">added<\/a> that the USG would first be an index, then an exchange-traded fund (ETF), and finally a security token backed by \u201creal\/[financial] assets with AML\/KYC [Anti-Money Laundering \/ Know Your Customer] features.\u201d<\/li>\n<\/ul>\n<h2>Investments news<\/h2>\n<ul>\n<li>Digital asset investment products surprisingly saw inflows totaling USD 40m last week, per <strong>CoinShares<\/strong> data. &#8220;We believe [that] investors [are] taking advantage of the substantive price weakness to add to positions,&#8221; per the firm. However, they stressed that there was no spike in investment product trading activity as typically happens during extreme price weakness periods, and it&#8217;s too early to tell if this marks the end of the 4-week run of negative sentiment. Bitcoin (BTC) saw inflows of USD 45m (compared with USD 133m outflows last week), while ethereum (ETH) saw outflows of USD 12.5m or 50% less than a week earlier.<\/li>\n<\/ul>\n<figure class=\"image\"><img decoding=\"async\" alt=\"\"  width=\"781\" class=\"content-img lazyload\" src=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/05\/screenshot-2022-05-09-at-18-18-38-digital-asset-fund-flows-weekly-30-pdf.jpg\" ><figcaption>MTD &#8211; month-to-date; YTD &#8211; year-to-date; AUM &#8211; assets under management. Source: CoinShares<\/figcaption><\/figure>\n<ul>\n<li>Institutional crypto-powered management solution <strong>Compound Treasury<\/strong> announced it has received a B- grade from credit rating agency <strong>S&amp;P Global Ratings<\/strong>. They add that \u201cS&amp;P\u2019s outlook is stable, reflecting an expectation of limited loan losses on the Compound Treasury platform.\u201d<\/li>\n<li>Asset manager <strong>Galaxy Digital<\/strong> announced a net comprehensive loss of USD 111.7m\u00a0 for the first quarter of 2022, compared to a USD 858.2m gain in the prior-year period. They stated that \u201c[t]he decrease was primarily related to unrealized losses on digital assets and on investments in our Trading and Principal Investment businesses, partially offset by profitability in our Investment Banking and Mining businesses and lower operating expenses.\u201d<\/li>\n<li>Blockchain gaming firm <strong>Irreverent Labs<\/strong> raised USD 40m to further its efforts to create a robot cock fighting NFT game called MechaFightClub, per GamesBeat.<\/li>\n<\/ul>\n<h2>Career news<\/h2>\n<ul>\n<li>Crypto exchange <strong>Bitstamp<\/strong> announced that it has appointed JB Graftieaux, the company\u2019s Europe CEO, as its Global CEO. Graftieaux was formerly the Managing Director of e-commerce giant <strong>eBay Europe<\/strong>, where he led the company\u2019s regulatory operations for payments and served on the board of directors for several eBay entities. Graftieaux succeeds Julian Sawyer &#8220;who has decided to pursue other opportunities.&#8221;<\/li>\n<\/ul>\n<h2>Legal news<\/h2>\n<ul>\n<li>The UK <strong>High Court<\/strong> has recognized non-fungible tokens (NFTs) as property in a case brought by Lavinia Osbourne, the founder of the informative show <i>Women in Blockchain Talks<\/i>, who claimed that two digital works from the <strong>Boss Beauties<\/strong> collection, an NFT-based initiative designed to \u201ccreate opportunities\u201d and raise funds for females, had been stolen from her online wallet, according to The Art Newspaper.<\/li>\n<li>Luiz Capuci Jr, the CEO of purported crypto mining and investment platform <strong>Mining Capital Coin<\/strong>, was indicted for allegedly orchestrating a USD 62m global investment fraud scheme, the US <strong>Department of Justice<\/strong> said. Capuci operated a fraudulent investment scheme and did not use investors\u2019 funds to mine new cryptocurrency, as promised, but instead diverted the funds to crypto wallets under his control, they claimed.<\/li>\n<\/ul>\n<h2>Mining news<\/h2>\n<ul>\n<li><strong>Alborz LLC<\/strong>, a joint venture affiliate of Bitcoin mining company <strong>Cipher Mining<\/strong> and energy company <strong>WindHQ<\/strong>, announced that it has entered into a two-year USD 46.9m secured credit facility with crypto lender <strong>BlockFi<\/strong>. The loan proceeds will finance <strong>Bitmain<\/strong> S19J Pro mining rigs at the Alborz data center.<\/li>\n<\/ul><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Zuckerberg, CEO of Meta. Source: A video screenshot, Faceboo\/Mark Zuckerberg \u00a0 Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news. __________ NFTs news Mark Zuckerberg, the CEO of Meta, the parent company of social networks Facebook and Instagram, announced that this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-10624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Instagram Starts Testing NFTs, Roubini&#039;s Dollar Replacement Plan, Bitcoin Inflows Return, Ethereum Outflows Slow Down + More News | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Instagram Starts Testing NFTs, Roubini&#039;s Dollar Replacement Plan, Bitcoin Inflows Return, Ethereum Outflows Slow Down + More News | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Mark Zuckerberg, CEO of Meta. Source: A video screenshot, Faceboo\/Mark Zuckerberg \u00a0 Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news. __________ NFTs news Mark Zuckerberg, the CEO of Meta, the parent company of social networks Facebook and Instagram, announced that this [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T18:29:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-09T18:29:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/05\/screenshot-2022-05-09-at-17-51-36-facebook.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"744\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"Instagram Starts Testing NFTs, Roubini&#8217;s Dollar Replacement Plan, Bitcoin Inflows Return, Ethereum Outflows Slow Down + More News\",\"datePublished\":\"2022-05-09T18:29:11+00:00\",\"dateModified\":\"2022-05-09T18:29:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/\"},\"wordCount\":669,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/05\/screenshot-2022-05-09-at-17-51-36-facebook.jpg\",\"articleSection\":[\"NFT\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/nft\/instagram-starts-testing-nfts-roubinis-dollar-replacement-plan-bitcoin-inflows-return-ethereum-outflows-slow-down-more-news\/\",\"name\":\"Instagram Starts Testing NFTs, Roubini's Dollar Replacement Plan, Bitcoin Inflows Return, Ethereum Outflows Slow Down + More News | NFT &amp; 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