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FTC files lawsuit against Meta over attempted monopolization of metaverse
27.7.2022
The government watchdog previously filed a lawsuit against the social media giant in 2020 for alleged “anticompetitive conduct” in its acquisitions of WhatsApp and Instagram
Facebook Jacks Up Price Of The One Affordable VR Headset
26.7.2022
Usually gaming hardware prices get cheaper over time. But Meta is bucking that trend and raising the price of its entry-level Quest 2 VR headset by $100. The company formerly known as Facebook says it’s to help pay for innovation, a move that comes as Mark Zuckerberg’s social media company...
NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues
30.6.2022
Nonfungible tokens will be found under a tab on creators’ Facebook timelines in a gradual rollout starting in the United States
Meta trademark filing hints at plans for crypto payments platform
18.5.2022
The five applications suggest the social media firm may use its namesake in a payments processing platform called Meta Pay
Meta will test digital collectibles on Instagram starting this week
9.5.2022
According to Mark Zuckerberg, Meta was planning to “bring similar functionality to Facebook soon” and working on “augmented reality NFTs” for Instagram as well
Facebook’s Latest Financial Results Show It Has Lost Nearly $20 Billion To VR Since 2020
28.4.2022
A metaverse filled with digital worlds and avatars might be coming someday, but it won’t be cheap. Facebook parent company Meta has released its financial results for the first quarter of 2022 and it shows that this year alone, the company’s virtual reality-focused department has lost $2.96 billion...
Report: Facebook Eyes ‘Zuck Bucks’ And NFTs As It Loses Users To TikTok
7.4.2022
Facebook parent company Meta reportedly has plans to launch a new digital currency for the metaverse. Internally, employees at Meta are calling the unannounced currency “Zuck Bucks.” These new digital dollars won’t likely be connected to any kind of blockchain, but don’t worry; Meta, led by...
Meta may introduce tokens and digital currency lending services to apps: Report
6.4.2022
The virtual currency, which employees have reportedly dubbed ‘Zuck Bucks’, will be aimed at use in the metaverse
Facebook Faces Legal Fight with Australian Billionaire over Crypto Scam Ads
22.2.2022
Meta’s Facebook has filed legal documents in rejection of an action brought by the Australian billionaire Andrew “Twiggy” Forrest, the nation’s richest man. The latter claims the social media platform should be held liable for “reputation-damaging” crypto scam ads that made use of images...
Majority of US consumers say no to Meta owning metaverse data: Survey
4.2.2022
87% of respondents said they would switch to full-time gaming in the metaverse if the pay is good
Aussie competition watchdog investigating Meta over crypto scam ads
4.2.2022
The news comes only one day after billionaire Andrew “Twiggy” Forrest announced he would be mounting legal action against the social media giant
Diem stablecoin co-founder praises Bitcoin for censorship resistance
2.2.2022
Meta’s Diem co-creator David Marcus said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019
Mark Zuckerberg’s stablecoin project Diem officially shuts down
1.2.2022
Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency
Zuck got PUNKed — new Metaverse-linked ETF shorts Meta shares in holdings
27.1.2022
“Facebook seems to be the antithesis of what actual consumers want their digital futures to look like,” said Subversive Capital Advisor founder Michael Auerbach
Meta unveils Metaverse AI supercomputer, claims it will be world’s fastest
25.1.2022
The social media giant said that the “AI Research SuperCluster” supercomputer is already operational, and it expects it will be fully completed around the middle of the year
Report: Meta and Instagram Are Exploring an ‘Early Stage’ NFT Feature
20.1.2022
Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could...
Crypto News Rewind 2021: Q4 - Pandora Papers, India's Regulatory Saga, Facebook to Meta and Other Rebrands
31.12.2021
Here is what happened in the Cryptoworld in the last quarter of this year:
Total crypto market capitalization in Q4
And thus ended the year. Happy 2022.
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Read More: Crypto News Rewind 2021: Q4 - Pandora Papers, India's Regulatory Saga, Facebook to Meta and Other Rebrands
Novi Launches Whatsapp Integration Pilot Program for Selected Users in the U.S.
10.12.2021
Novi, the remittance and payments initiative of Meta (formerly Facebook), has launched a Whatsapp pilot test for customers in the U.S. This means that a small number of Whatsapp users will be able to send and receive payments, as well as purchase digital dollars directly from the interface of...
Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem
8.12.2021
“The point of crypto is to have true decentralization — the projects that succeed will be the projects that achieve that," said Brian Brooks
Meta Relaxes Facebook’s Cryptocurrency Ad Policy — Says Crypto Continues to ‘Mature and Stabilize’
3.12.2021
Meta, formerly Facebook, has relaxed its policy for cryptocurrency advertisements, making it easier for companies to run crypto ads on its platform. “We’re doing this because the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more...