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Australia’s competition regulator has highlighted that the majority of crypto ads on Meta’s Facebook are likely scams. According to the Australian Competition and Consumer Commission’s filing with the Federal Court of Australia, Meta has been aware since 2018 that a…
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A U.S. judge rejected Meta Platform’s bid to dismiss a lawsuit by billionaire Australian mining tycoon Andrew Forrest. The lawsuit revolves around a series of deceptive Facebook ads featuring Forrest endorsing fake crypto projects and other fraudulent investments. Forrest is…
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Ark Invest, led by Cathie Wood, has sold nearly $31 million worth of Coinbase shares as Bitcoin approached a new all-time high, nearly reaching the $69,000 mark on March 4. The investment manager executed the sale of 134,749 Coinbase shares…
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Reality Labs, Meta’s subsidiary focused on developing the metaverse, recorded an operating loss of $4.65 billion in the last quarter of 2023. Meta keeps doubling down on its bet on the metaverse as its expenses to develop virtual reality hit…
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Congresswoman Maxine Waters raised concerns over Meta’s recent trademark filings related to crypto, seeking clarification on the company’s plans in web3. Rep. Maxine Waters (D-Calif.) sent a letter to Meta executives, seeking answers about Meta’s apparent intention to expand its…
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Crypto.news spoke with David Shrier, the author of the book 'Basic Metaverse,' about the future of the virtual world.
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Uncover how major tech companies are exploring the cryptocurrency frontier. From patents to partnerships, delve into the unique approaches and initiatives leading the tech-crypto integration narrative.
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Meta CEO Mark Zuckerberg gave his first interview in the metaverse using high-quality Codec Avatars
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Meta is bringing Horizon Worlds beyond virtual reality headsets after more than a year and a half in development. In a blog post on Sept. 14, Meta announced that Horizon Worlds, a collaborative virtual reality (VR) platform built by Meta,…
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The social media giant launches a new teaching program in the US, anticipating growing momentum for VR education tools in Europe. Meta, the parent company of Facebook and Instagram, is launching a new program for teachers in the US to…
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Thailand has warned Facebook of a potential shutdown due to the rise in crypto scams and misleading ads on the platform. The Minister of Digital Economy and Society (DES), Mr. Chaiwut Thanakmanusorn, is taking action against fraudulent activities on Facebook.…
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Meta's Reality Labs division recorded a $3.7 billion operating loss in Q2 this year, yet the social media giant remains fully committed to metaverse development.
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Threads, Meta's newly launched microblogging app, has become a target for scammers who are wasting no time in their attempts to deceive users. The platform has already drawn the attention of several influential Crypto Twitter users, who are sounding the alarm about imposter accounts lurking on Threads.
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David Marcus, an executive whose past stints include working at Meta and PayPal is now building a payment solution that leverages the Bitcoin Lightning Network (LN)
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Aave's Lens Protocol, aspiring to decentralize the social media landscape, has successfully secured $15 million in funding.
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Meta Platforms' Instagram, Alphabet's YouTube, TikTok, and Elon Musk’s Twitter may face regulatory action as the European consumer group BEUC has lodged a complaint with the European Commission.
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