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Tag Archives: Facebook

Introducing Zuck Bucks, the New Crypto Venture from Facebook

Following the death of Libra and what appeared to be a long-term crypto dream, Facebook – now known as Meta – is making another stab at crypto innovation with something called Zuck Bucks, the name of its latest form of digital currency. Will Zuck Bucks Help Facebook Make Money? Taking its label from the surname of Mark Zuckerberg, the billionaire behind Facebook’s creation, Zuck Bucks would be a centralized form of digital currency in that it would be directly controlled...

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Facebook Isn’t Quite Ready to Give Up On Crypto

Facebook – following its failed run with Libra – appears to be looking to get back into the crypto game. The social media giant – which recently rebranded itself as “Meta” – has filed eight trademark applications for new features like crypto wallets, exchanges, and tokens relating to its famed “f” logo. Facebook and Crypto… Could It Actually Work? It appears six of the eight trademarks have to do with blockchain and crypto products or companies the company is investing...

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Australian Regulators Sue Facebook Over Crypto Scam Ads

The Australian Competition & Consumer Commission (ACCC) is suing Meta – previously known as Facebook – over a series of crypto scam advertisements that used the likenesses or images of famous individuals to allegedly promote certain products and suck traders in. Australia Files Suit Against Facebook One of the ads featured Australian public figures like Andrew “Twiggy” Forrest and businessman Dick Smith. Both have tried filing separate cases or pressing charges...

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Facebook Facing Criminal Charge Over Crypto Scam

As if Facebook didn’t already have enough on its plate. After seeing its cryptocurrency dreams come to a sudden end, the social media giant is now facing a massive lawsuit from Australian billionaire Andrew Forrest, who claims that the company did nothing to prevent a crypto scam featuring his likeness from affecting users. Facebook Isn’t Doing So Well Australia is working hard to remove any safe harbor protections that currently apply to social media companies....

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Facebook Sells Off All Its Libra-Based Assets

Not long ago, Live Bitcoin News published an article discussing Facebook aka Meta and its decision to sell off any assets aligned with Libra/ Diem. It looks now like those assets have been sold and the project has officially come to an end. The Facebook Libra Project Is Now Fully Over The developers behind Diem confirmed in a statement that the assets were sold for around $200 million to a crypto-based bank known as Silvergate. Initially, both firms were working with...

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Facebook Announces Plans to Sell Libra Crypto Project

The Libra/ Diem cryptocurrency project that was started so long ago by Mark Zuckerberg and Facebook is presently up for sale. The project has come crashing down underneath the heavy regulatory scrutiny it’s experienced, and it looks like Zuckerberg is eager to move on. Facebook Is Looking to End Libra Once and For All The goal is to sell all current assets presently stored in the Diem Association. This way, funds can be returned to investors and the company – now known...

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Demystifying the Metaverse

Demystifying the metaverse PwC, the multinational professional services network, is about to demystifying the metaverse. What do business leaders need to know and do? Answers can be found in a report published recently. When it comes to “the metaverse,” few business leaders would consider themselves experts. Some may wonder if it even matters to their companies. The short answer: yes, it does. In fact, several metaverse concepts are already...

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Whatsapp bald mit Bitcoin-Implementierung?

Digitale Währungen und insbesondere Bitcoin sind ganz klar ein Zukunftstrend und bereits jetzt in aller Munde. Nur an der Umsetzung im Bezahl – Alltag wird noch gearbeitet. Es gibt nur wenige geniale Services, wie beispielsweise Bitrefill, welche Bitcoin implementiert haben und einfach zu nutzen sind. Mit den Social Media Apps könnte aber bald die Wende kommen. In den USA wurde nun ein neues Pilotprojekt gestartet, das die Zahlung mit Kryptowährungen via Whatsapp testet. Das neue Projekt...

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New WhatsApp/ Novi Wallet Pilot Program Available in America

WhatsApp has launched a new cryptocurrency-based pilot that will allow a select number of people in America to send and receive crypto funds to each other. The program is being powered by Novi, the new Facebook (or Meta) cryptocurrency wallet that has gone through a thousand name changes and struggled to get off the ground since being announced in the summer of 2019. The Novi Wallet Is Finally Launching Itself Novi was officially launched as a pilot roughly six weeks...

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“Meta” Blockchain Exec David Marcus Announces Exit

David Marcus – head of the blockchain department at Facebook, now known as Meta – has stated he will be exiting his position and leaving the social media giant at the end of 2021. David Marcus Is Taking a Different Path Marcus is a former PayPal executive that joined forces with Facebook to release a new cryptocurrency that people could use to pay for goods and services. Known as Libra, the currency would be tied to a wallet system called Calibra, which would store...

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