Latest Crypto News: Meta Axed 38.4 Million Pieces Of FB Content In March 2023, Sports Illustrated Launches NFT Ticketing Platform

Here are some of the major developments from the world of crypto over the past few days.
Latest Crypto News: Meta Axed 38.4 Million Pieces Of FB Content In March 2023, Sports Illustrated Launches NFT Ticketing Platform

Meta took action on more than 38.4 million pieces of content in violation of 13 Facebook policies and on 4.61 million pieces of content in violation of 12 Instagram regulations in India in March 2023.

About 2.4 million pieces of content that fall under the category of adult nudity and sexual activity were acted upon, while an additional 260,000 pieces of content were taken down for bullying and harassment, Meta stated in its India monthly transparency report published on Tuesday.

The India Monthly Report for the month of March 2023 was published by Meta on Monday in accordance with the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.

Sports Illustrated Launches NFT Ticketing Platform

Sports Illustrated has launched a polygon-based non-fungible token (NFT) ticketing platform.

Called ‘Box Office’, it is a Web 3.0 application created in collaboration with ConsenSys that will allow event organisers to also to issue commemorative NFT tickets, including pre-attendance and post-event audience perks.

The self-service event management and primary ticketing system was introduced on May 2, 2023 by Sports Illustrated’s ticketing subsidiary, SI Tickets.

SI Tickets and ConsenSys are working together to create a “Super Ticket” as part of the new platform, allowing hosts to stay in touch with their attendees through highlights, collections, special offers, and loyalty advantages via NFT technology.

“Blockchain is the future of ticketing. From the moment we launched our global event marketplace, which now boasts 50 million tickets to over 250,000 sports, concerts and shows, we have been preparing to enter and disrupt the primary ticket market,” SI Tickets CEO David Lane said.

It gives “owners, organisers, and hosts the ability to create, manage, and promote a fully scalable, paid or free ticketed live sporting event,” he added.

Bybit Latest Exchange To Offer Crypto Lending

Dubai-based cryptocurrency exchange Bybit has rolled out cryptocurrency lending service, joining a handful of major exchanges offering interest-bearing lending facilities.

Bybit recently launched an in-house lending service for its users. It pays hourly interest payouts from lending pools to users who deposit cryptocurrency, while lenders can deposit and redeem loaned tokens without lock-up periods.

Borrowers on the exchange can take out loans to access funds for various trading options, with collateral assets required to safeguard lenders’ investments.

Bybit aims to provide users with a means to generate returns and allow advanced traders to access capital from lenders for more advanced trading options.

Other major cryptocurrency exchanges, such as Binance also offer cryptocurrency lending services.

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