The parent company of Facebook and Instagram, Meta, is dropping non-fungible token (NFT) support from the social media platforms less than a year after launching it. In a Twitter thread, the company’s head of commerce and financial technologies, Stephane Kasriel, said the company was shifting its focus.
Leading cryptocurrency exchange Binance has announced it will no longer support GBP deposits and withdrawals over a decision from its payments partner, Paysafe, to withdraw its support.
Cryptocurrency conglomerate Digital Currency Group (DCG) has revealed it’s searching for new banking partners for its portfolio companies after the failures of Silicon Valley Bank, Signature Bank and Silvergate.
Top stories in the Crypto Roundup today:
- Meta Drops NFT Support from Facebook, Instagram
- Binance Suspends GBP Transactions as Payment Partner’s Decision
- Banks Including Santander, HSBC, Deutsche Willing to Serve Crypto Clients: DCG
- Chart of the Week: Stablecoins’ Depeg