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This episode is sponsored by NYDIG.Download this episodeFacebook announced yesterday it is changing its corporate name to Meta. The name change reflects the company’s growing focus on virtual reality, augmented reality and a new version of the internet that people are calling the metaverse. In this episode, NLW looks at
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The monetization push could dovetail with the company’s Novi crypto wallet, which faced pushback from U.S. lawmakers after a pilot launch earlier this month. Diem, the project’s namesake stablecoin, is not yet involved. On Thursday, David Marcus, Facebook’s head of payments and financial services, tweeted that with the rebrand, the
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The stablecoin market has grown exponentially over the last few months due to the numerous advantages blockchain-based versions of fiat currencies have. But, when Facebook launched its cryptocurrency wallet Novi using Paxos’ stablecoin, some United States senators were quick to oppose it. Are they concerned about user data or monetary
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BusinessBTIG analyst Mark Palmer says traditional money-transfer firms are likely to face increased pressure from crypto projects.By Michael BellusciOct 20, 2021 at 2:43 p.m. UTCUpdated Oct 20, 2021 at 2:43 p.m. UTCWestern Union (Sean Gallup/Getty Images) Original Source
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In a Tuesday missive, U.S. Senators Brian Schatz (D-Hawaii), Sherrod Brown (D-Ohio), Richard Blumenthal (D-Conn.), Elizabeth Warren (D-Mass.) and Tina Smith (D-Minn.) ordered Facebook CEO Mark Zuckerberg to “immediately discontinue the company’s pilot of Novi” and end its work on the Diem stablecoin project. Original Source
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Novi, Facebook’s digital wallet subsidiary, will go live in the U.S. and Guatemala in a pilot program, allowing users to start trading the Paxos Dollar (USDP), the social media giant announced Tuesday. Crypto exchange Coinbase will provide custody services for the program. Source
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Andreessen Horowitz (A16z), a leading venture capital firm operating in the crypto sector, has nabbed two of the leading engineers working on Facebook’s digital currency project for its digital asset fund.According to an Oct. 11 report from CNBC, Nassim Eddequiouaq and Riyaz Faizullabhoy have jumped ship from Facebook to A16z
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The year 2021 seems to be a big year for the blockchain world as several projects, such as nonfungible tokens (NFTs) and centralized decentralized finance exchanges (CeDeFis), are taking the central stage. Also at the forefront is Facebook’s Libra.Not too long ago, the media was rife with the news that
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Nonfungible tokens (NFT) have enjoyed quick adoption across the entertainment, media and sports space as the biggest brands, companies and individuals look to gain first-mover advantage in creating their own digital collectibles.These have come in myriad forms, and much like blockchain technology was touted to be pliable to any industry’s
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Bitcoin (BTC) was higher, pushing back toward $40,000 after a 9.9% surge on Wednesday, the biggest calendar-day gain in a month. Such a powerful recovery after a steep sell-off earlier in the week has quickly reinvigorated trader spirits. “This bubble doesn’t look set to burst,” said Don Guo, CEO of Broctagon
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