Meta, formerly known as Facebook, is ending its inroads into the cryptocurrency space after reportedly agreeing to sell its digital currency venture Diem Association Sources familiar with the matter state …
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Facebook whistleblower reveals cryptocurrency investment made her financially independent
Facebook’s former product manager and whistleblower Frances Haugen have revealed that she is an early investor in cryptocurrencies. In an interview with the New York Times, Haugen indicated that her investment has partly …
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Facebook to announce $50M investment fund tasked with developing its virtual metaverse
Facebook has announced it will allocate $50 million to a two-year fund tasked with beginning work on realizing the firm’s vision for a virtual metaverse. A Sept. 27 announcement articulates Facebook’s roadmap …
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Facebook, Google, PayPal & Tesla tokenized stocks coming to FTX
Swiss-based Digital Assets AG (DAAG), a firm focused on tokenized financial instruments, announced that it is bringing tokenized stocks, including Facebook, Google, PayPal and Tesla, to the Solana network and …
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Strong volatility in BTC prices as Facebook apparently hasn’t invested in Bitcoins
Facebook’s quarterly SEC filing has no mention of Bitcoin, let alone of a Bitcoin purchase, defying market expectations. For a few days leading up to Facebook’s earnings reported today, there …
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Facebook plans to launch a pilot version of stablecoins this year
The Swiss non-profit Diem Association plans to launch a pilot project with a single stablecoin pegged to the US dollar in 2021. The association oversees the development of Facebook’s digital …
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Visa To Pick Ethereum Over Facebook Libra to Settle Payments
Ether, the de-facto settlement token of the Ethereum blockchain, rallied on Monday after global payment giant Visa became the ledger’s latest supporter. The firm, which can handle 24,000 transactions per second, …
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Bitcoin Becomes World’s 8th Largest Asset
Bitcoin overtook Facebook to become the world’s 8th most valuable asset by market cap at $809 billion in the latest all-time high. Tesla is next on the list.
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