Tagged: meta

Solana Best 2024 Investor Bet: ApeX Protocol

An analysis by decentralized trading firm ApeX shows that Solana tops the list of best 2024 investments. Apex analyzed the price performance of various investment options from 2020 to 2024 to identify the best-performing assets based on price change. The data was collected from Yahoo Finance… Read More

Lightspark CEO David Marcus Reveals How Facebook-led Libra Initiative Was “Killed”

David Marcus, the current CEO and co-founder at Lightspark, which claims to be building the open Money Grid on Bitcoin (and previously who ran Payments/Crypto and Messenger at Meta) recently shared via social media just how the Facebook-led Libra(at one point called Diem) initiative was… Read More

UK Fintechs Reflect on Tax Increases, More, as Revealed in Chancellor’s Autumn Budget

Yesterday, the UK government revealed its new budget and the changes being made to cover a deficit while attempting to fuel economic growth. While the punditry will be digesting the statement from the Chancellor of the Exchequer, Rachel Reeves, for days, CI has received a… Read More

Revolut Is Reportedly Calling for Meta to Share Details Regarding Reimbursement of Alleged Fraud Victims

Digital bank Revolut is reportedly calling for Facebook and Instagram’s owner Meta (NASDAQ:META) to share reimbursement of alleged fraud victims. UK-headquartered Revolut recently released their latest Consumer Security and Financial Crime Report. Revolut explained that the update has revealed that Meta platforms are identified as… Read More

UK’s NatWest Teams Up with Meta to Combat Scams, Fraudulent Activities

Meta (NASDAQ:META) and NatWest are expanding an information sharing partnership to help protect people against fraud. The Fraud Intelligence Reciprocal Exchange (FIRE) is described in an update as a threat intelligence sharing program for financial institutions, enabling banking service providers to share intelligence with Meta… Read More

Paris based Mistral AI Introduces Generative Artificial Intelligence Model to Compete with OpenAI

France-based Mistral AI recently revealed its first generative artificial intelligence (AI) model in order to compete with US rivals in AI (which includes Meta Platforms Inc. and Microsoft Corportation-supported OpenAI). The Paris-headquartered firm is introducing a small-scale language model with around 7 billion parameters which… Read More

PayPal, Meta to Enable Donations on Facebook, Instagram in the US, UK, Australia, Canada

At PayPal (NASDAQ:PYPL), they’re committed to harnessing the power of their technology and scale to support charities and help people give back to the causes they care about. They are now pleased to share that PayPal Giving Fund is “expanding its partnership with Meta (NASDAQ:META)… Read More

Meta Exits NFTs, Will Continue to Invest in Fintech Tools, Announces More Layoffs

Meta’s (NASDAQ:META) commerce and Fintech lead Stephane Kasriel tweeted yesterday that the social platform is exiting the non fungible token (NFT) market, at least for now. Kasriel said they are refocusing efforts on supporting creators, people and businesses. This includes “messaging and monetization opps for… Read More

As Anticipated, Federal Reserve Raises Rates by 25 Basis Points, Markets Pause – Then Rally

As was widely anticipated, today, the US Federal Reserve announced a 25 basis point increase to its benchmark rate as it continues to battle nagging inflation that has imperiled the economy. The vote by the Federal Open Market Committee (FOMC) was unanimous in its decision…. Read More

Juni, the Financial Platform Built for Commerce, Says Businesses Need to Carefully Determine Marketing Budget

Instead of dealing with different platforms and currencies, receipts and invoices, and arguing with banks over spend limits, you can consider using services provided via Juni. The company explains that with automatic receipt generation, real-time spend insights and Google Ads invoices auto-pulled into your account,… Read More

Small Business and Entrepreneurship Council Slams UK Competition and Markets Authority: “A chilling effect on America’s startup ecosystem”

The Small Business and Entrepreneurship Council (SBE Council) has issued a statement hammering the UK Competition and Markets Authority (CMA) for its activity that will have “a chilling effect on America’s startup ecosystem.” This past week, the CMA claimed that the acquisition by Facebook (Meta)… Read More

Citi, Accel Invest in Digital Asset Manager xalts

Wall Street and Silicon Valley are coming together “to build digital asset management solutions focused on connecting institutional investors to the crypto ecosystem.” Earlier this year, former HSBC trader Ashutosh Goel and former Meta Asia executive Supreet Kaur paired up to build xalts, an investment… Read More

Democrat Senators Worry about Crypto Scams on Meta (Facebook)

Yesterday, several US Senators, all Democrats, issued a statement regarding concerns of crypto scams proliferating on Meta (Facebook) (NASDAQ:META). A letter signed by these Senators was sent to Meta CEO Mark Zuckerberg. Signed by, Senators Bob Mendez, Sherrod Brown, Elizabeth Warren, Diane Feinstein, Bernie Sanders… Read More

Novi No More: Facebook (Meta) to Shutter Crypto Wallet

Novi, the Facebook – Meta (NASDAQ:META)  project to launch a digital wallet, is shutting down. According to the Novi website, the Novi App and Novi on WhatsApp (another Meta firm) will cease operations on September 1, 2022, blocking all access to any existing accounts. Novi, along… Read More

Meta Partners with Natwest to Support Female Business Owners in the United Kingdom

Meta (NASDAQ:FB) has launched a partnership with NatWest, the United Kingdom’s largest business bank, in order to provide financial readiness training and other support “to female business owners.” This is available to all women entrepreneurs as part of Meta‘s #SheMeansBusiness program, which “provides digital skills… Read More

Former Head of Libra – Diem David Marcus Comments on Why EU is Falling Behind in Regards to Crypto, Digital Asset Innovation

David Marcus was previously the head of Facebook / Meta’s (NASDAQ:FB) initiative to create a non-sovereign global digital currency. First branded as Libra, and then as Diem, the digital currency launched with much fanfare but eventually sputtered – largely due to global regulatory pushback that made… Read More

Meta and Fintech Chime to Reportedly Sue Alleged Phishing Scam Artists Operating in Nigeria

Mark Zuckerberg‘s Meta is teaming up Fintech Chime in order to go after (alleged) Nigerian scammers that the firms claim have been using social media channels to trick or deceive unsuspecting users out of their hard-earned cash. As reported by Newsweek, the lawsuit marks the… Read More

Silvergate Capital CEO Alan Lane Shares Company’s Plans after $200M Diem Acquisition

Alan Lane, CEO at Silvergate Capital (NYSE:SI), has noted that the bank holding company aims to introduce a stablecoin by the end of 2022.  The plan has been revealed after the firm’s recent acquisitions of assets and intellectual property (IP) from Meta’s (Facebook) (NASDAQ:FB) crypto project… Read More

Confirmed: Meta’s Diem to be Sold for $200 Million

Facebook/Meta’s (NASDAQ:FB) digital currency venture Diem will be sold to Silvergate Capital for $200 million, according to WSJ.com. It was previously rumored that the failed cryptocurrency project was on the auction block as Meta threw in the towel on a project that once sought to… Read More

Meta’s Diem Project For Sale: Report

Diem, the digital currency project previously known as Libra created by Meta (NASDAQ:FB) (formerly doing business as Facebook) may be for sale. According to a report by Bloomberg, Diem is on the auction block due to “regulatory pressure.” Initially launched with great fanfare as a… Read More

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