Facebook Ignores Bitcoin, Works on NFTs and Stable Coins Instead
Novi and Diem (Formerly known as Libra) underline the fact that Facebook simply doesn’t understand Bitcoin, and continues to flounder on delivering even its own stablecoin project, or a single NFT.David Marcus, co-creator and a board member of Diem (formerly known as Libra), which is a centralized cryptocurrency project initiated by Facebook, emphasized in an interview with Bloomberg on Tuesday, that the company simply doesn’t understand Bitcoin, and continues to flounder on delivering even its own altcoin project, or a single NFT. Marcus confidently told Bloomberg that “we think the world....
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The last few weeks have witnessed some of the most turbulent times in recent memory for the cryptocurrency industry. Stable coins have been looking, well… not so stable recently, and coin values across the board have been sinking faster than at any time in the past. Although this seems to be the first-time stable coins […]
Nonfungible tokens will be found under a tab on creators’ Facebook timelines in a gradual rollout starting in the United States. Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter. A spokesperson for Meta, the parent company of Facebook, told TechCrunch the same day that the rollout of NFTs on Facebook would be gradual, beginning with select creators in the United States. Eventually, NFT creators....
The U.S. Securities and Exchange Commission (SEC) has won a judgment against Steven Seagal after the famous actor failed to pay the agreed sum to settle the crypto fraud case he was involved in. Seagal, now living in Russia, has been ignoring the SEC’s attempts to contact him. Steven Seagal Ignores SEC, Fails to Pay Settlement A federal judge for the U.S. District Court for the Eastern District of New York, William Kuntz, signed an order Friday allowing the SEC to collect fines, penalties, and interest from Steven Seagal. The famous actor had agreed to pay disgorgement of more than....
“This will enable people to connect their digital wallets once to either app in order to share their digital collectibles across both,” said Meta. Facebook and Instagram users can both post nonfungible tokens, or NFTs, and digital collectibles to their accounts by linking their wallets.In a Monday update to a May 10 blog post, Facebook’s parent company Meta said the social media platform’s roughly 2.9 billion users would have the ability to share digital collectibles and NFTs. The announcement followed an Aug. 4 update in which Meta said Instagram users across 100 countries could post....
Is it possible to have an truly alternative altcoin? The developers behind new digital currency NXT think so - and they're gaining traction. The altcoin, which was officially launched on Jan 3rd, just signed BTER as an exchange partner. NXT works in a different way to bitcoin, and to other coins like litecoin that use different algorithms for mining. The currency isn't mined using computing power. Instead, it uses a version of Proof of Stake (PoS), which was a concept initially pioneered by peercoin. PoS works by awarding new coins to existing coinholders based on the number of coins they....