Explained
Despite Bitcoin’s rise, major corporations like Meta, Amazon and Microsoft are steering clear of holding it in their treasuries, favoring stability over crypto risk.
Facebook News
Facebook, founded by Mark Zuckerberg on Feb. 4, 2004, started as a Harvard-exclusive social network. Quickly expanding to other universities, it became available to the public in 2006. Facebook was initially a platform for students to connect, share and build social networks, but its user-friendly design and rapid expansion led to its global dominance, fundamentally reshaping how people interact online.
In 2019, Facebook unveiled a white paper outlining its Libra stablecoin project. However, faced with intense regulatory scrutiny, the project underwent a name change to Diem in December 2020. Despite these efforts, the initiative was eventually terminated in January 2022. This development marked a significant setback for Meta’s cryptocurrency and digital payment ambitions.
Facebook, the company that owns platforms including Facebook, Instagram and WhatsApp, rebranded as Meta on Oct. 28, 2021. Meta is dedicated to constructing the metaverse, a virtual space combining augmented reality (AR) and virtual reality (VR) experiences. This transformation showcases Meta’s forward-looking approach, aiming to redefine online interactions, work and socialization beyond conventional social media platforms.
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Officials reported that scammers had used crypto to pay for fake digital asset investment ads on social media platforms, leading to more than $1 million in losses for victims.
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The case for holding Bitcoin on a firm’s balance sheet is compelling, CoinShares’ Butterfill told Cointelegraph, and “the pace of adoption is accelerating.”
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Meta will use nuclear energy to power its data centers and AI models with a 20-year deal to secure 1.1 gigawatts of energy from an Illinois facility.
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The FTC is taking Meta to court over antitrust violations in a move that could have knock-on effects for Meta’s AI development.
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Bots are overwhelming social media, distorting engagement metrics, spreading misinformation, and eroding trust in online interactions. Decentralization can fix this key concern.
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Charles Hoskinson says crypto must adopt cooperative tokenomics to compete with tech giants as US regulation opens the door to Apple, Amazon and others.
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Palantir Technologies rallied 356% over the last 12-months to hit new highs and outperform Bitcoin’s 1-year performance. Are the gains purely speculative?
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Crypto exchange Coinbase has acquired onchain advertising platform Spindl in an effort to help Base builders “go viral.”
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Brazil wasn’t pleased with Meta’s decision to rely on community notes, stating it would not subject its population to social media platforms that lead to “digital carnage or barbarity.”
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Mark Zuckerberg’s company is forcibly removing any links to competing platforms mere days after declaring, “More Speech and Fewer Mistakes,” across its platforms.
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Meta announced that the social media company will adopt a community notes model similar to the one used by the X platform.
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Australian investing and finance educator Scott Pape, known as the “Barefoot Investor,” has broken down the secrets behind WhatsApp group crypto scams targeting Facebook users.
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United States Treasury Secretary Janet Yellen supposedly convinced Federal Reserve Chair Jerome Powell to kill the project, the former Meta executive said.
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Meta wants to reduce its dependence on Google and Microsoft's Bing and hopes an in-house search engine will do the trick.
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