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Senators Slam Meta’s Stablecoin Push, Cite Privacy Risks and Regulatory Loopholes

Democratic Senators Elizabeth Warren and Richard Blumenthal issued a letter to Meta CEO Mark Zuckerberg, raising concerns over reports that the tech giant is once again exploring the launch of…

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MicroStrategy’s BTC-Fueled Trading Volume Surpasses Apple, Amazon, Meta Combined

MicroStrategy (MSTR), a leading business intelligence firm turned Bitcoin holder, has made history, achieving an astounding $21.8 billion in trading volume on November 19, 2024. The milestone surpassed the combined…

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Coinbase Partners with Meta, Ripple, and Others to Combat Online Fraud

Prominent US-based cryptocurrency exchange Coinbase announced the launch of a new initiative called ‘Tech Against Scams’ along with industry leaders Meta, Ripple, Gemini, Kraken, Match Group, and GASO. This coalition…

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Meta’s Reality Labs Hits $1 Billion in Q4 Revenue Despite $4.65 Billion in Operating Loss

Meta’s metaverse unit – Reality Labs – recorded its most successful quarter to date despite sustaining significant financial losses. Its recently released Q4 report revealed that the division clocked over…

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Meta Apologizes to Qatari Billionaire Over Scam Crypto Ads on Facebook: Report

According to a Financial Times report, Meta, the American social media conglomerate, has publicly apologized to Qatari billionaire Wissam Al Mana, committing to enhanced protective measures on its platform following…

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Amid AI Mania: Meta Upgrades Social Apps With Big Injection of Artificial Intelligence

On Dec. 6, the firm formerly known as Facebook announced a raft of AI-focused updates to its social media and messaging platforms.   “We’re testing more than 20 new ways generative…

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Bakkt Partners With David Marcus’ Lightspark to Bring UMA to the Lightning Network

Bakkt, the New York-based digital assets platform, has joined LightSpark as one of the first partners in a bid to offer Universal Money Address (UMA) for KYC-verified transactions on top…

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