Cryptocurrency roundup: Facebook U-turns on crypto-ad ban

Cryptocurrency roundup: Facebook U-turns on crypto-ad ban

Welcome back, Facebook stole the show in the crypto market this week, with its decision to “unban” cryptocurrency ads. Here are the top stories that caught our eye. Facebook marks end to cryptocurrency ad ban Meta, known in a previous life as Facebook, has performed a U-turn on ban on  cryptocurrency ads across its platforms. “We’re doing this because the … Read more

Facebook takes down Chinese network behind fake Swiss biologist Covid claims | Meta

Facebook’s owner has taken down a Chinese misinformation network that attempted to spread claims about coronavirus using a fake Swiss biologist.Meta, the parent organisation of Facebook and Instagram, said it had taken down more than 600 accounts linked to the network, which it said included a “coordinated cluster” of Chinese state employees.Meta said the network … Read more

Facebook Steals Another Crypto Idea for Its Nonsensical Rebrand

Facebook Steals Another Crypto Idea for Its Nonsensical Rebrand

Zuck justified those high fees by explaining that Facebook (no, I’m not going to call it “Meta” either, because see above) will be building up its online VR business at a loss for a while, including by subsidizing devices. This speaks to one of the other huge warning signs for Facebook’s pivot. It’s already pretty … Read more

Facebook Whistleblower Says Crypto Is Keeping Her Financially Afloat

Facebook Whistleblower Says Crypto Is Keeping Her Financially Afloat

Frances Haugen told The New York Times she bought “crypto at the right time.” A non-profit owned by Pierre Omidyar donated $150,000 last year to a firm now representing Haugen. But Haugen said she only uses funds from billionaire eBay founder’s non-profit for travel. Loading Something is loading. Facebook whistleblower Frances Haugen said she’s financially … Read more

A Startup Paid a Facebook Designer $50,000 to Start a Crypto Company

A Startup Paid a Facebook Designer $50,000 to Start a Crypto Company

Party Round has announced a Facebook product designer as the winner of its BigTech Fellowship. Lauren Connolly is a single mom who has worked in Big Tech for over a decade. Her idea is to build a crypto-focused financial literacy platform. Lauren Connolly just won $50,000, so she quit her job at Facebook.For the past … Read more

Group that spread false Covid claims doubled Facebook interactions in six months | Facebook

An international pressure group that spread false and conspiratorial claims about Covid-19 more than doubled the average number of interactions it got on Facebook in the first six months of 2021 in spite of renewed efforts to curb misinformation on the platform, according to a report.Pages owned by the World Doctors Alliance – a group … Read more

Facebook scales back its crypto ambitions once again – TechCrunch

Facebook scales back its crypto ambitions once again – TechCrunch

Facebook is launching a small pilot of its cryptocurrency wallet named Novi. A limited number of people in the U.S. and Guatemala can sign up to Novi and start using it. Instead of issuing its own stablecoin (Diem) on its own blockchain (the Diem network), the company is partnering with Paxos and Coinbase to let … Read more