Facebook has slated $50 million to be spent over the next two years through its XR Programs and Research fund. 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 for building its…
Read more
Cointelegraph’s law & policy newsletter is back with a discussion of El Salvador’s effects, Coinbase’s woes, and the digital euro’s prospects. Too much is happening in the realm of crypto policy and regulation to leave the biggest developments of each week without a roundup and at least some conceptual reflection. Starting today, we are getting…
Read more
Facebook is exploring NFT-functionality in its Novi–Diem ecosystem, but how will the technological solution measure up to existing platforms? 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…
Read more
Diem’s push to launch stablecoins and a global payment system might suffer from the seemingly brewing anti-crypto sentiment among key U.S. policymakers. Facebook’s ambitious digital currency payment project Diem is yet to get off the ground despite concerted attempts to win over financial regulators. According to The Washington Post on Friday, Diem is facing difficulties…
Read more
Decentralized social media platform built on the Bitcoin model puts privacy first in its new messenger that can send crypto. Social media platforms are constantly under fire for their lack of total end-to-end encryption, existing privacy policies and censorship – but a blockchain-based solution might spell the end to an era of centralized social media…
Read more
It’s a big day for El Salvador this Tuesday, as the country’s new legal tender law will be enforced. A great number of bitcoin supporters have plans to purchase $30 worth of bitcoin to show support for the upcoming implementation of the bitcoin tender law. The $30 increment was conceived because Salvadoran president Nayib Bukele…
Read more
Mark Zuckerberg sent Bitcoin hodlers into a frenzy after naming his new pet goats “Bitcoin” and “Max.” Mark Zuckerberg, the Co-founder of Facebook has riled excitement across the crypto community after taking to social media to announce two of his pet goats have been named “Bitcoin” and “Max.” Zuckerberg announced the curious names for his…
Read more
The crypto sector has an irresistible opportunity to be at the forefront of the next big social network — but there are a few issues that need to be ironed out first. Another rainy Sunday night. You’re browsing on Facebook and Twitter — inundated with photos of your friend’s new baby, jokes that have been…
Read more
An anonymous source has told reporters that the first Diem pilot will focus on transactions between individual consumers. Facebook-backed digital currency project Diem could yet launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source. Cited in a CNBC report published on April 20, the source claimed that the Switzerland-based…
Read more
“I have nothing to do with the platform,” said Lee Hsien Loong. “It is misleading and done without my permission.” Lee Hsien Loong, Prime Minister of Singapore, claims someone set up a profile on the social token platform BitClout to sell tokens using the information from his Twitter account. In a Facebook post Friday, Loong…
Read more
