The U.S. Federal Trade Commission (FTC) has sued Meta to prevent it from “owning” the metaverse sector. The FTC filed the lawsuit on July 27 to stop Meta’s recent attempt to acquire Virtual Reality App maker Within. FTC wants to promote competition The FTC filing showed that the commission believes that Meta’s purchase of Within…
Meta has disclosed plans to discontinue its Novi pilot crypto program by September 1, according to Bloomberg. Per the project’s website, Novi services will no longer be available on its application and WhatsApp. The firm revealed that users will not be able to make deposits into their accounts from July 21 while advising those with…
Criminals continue to use Money Saving Expert founder Martin Lewis’ image to defraud investors via Facebook Ads, despite Lewis settling a lawsuit with Facebook’s parent Meta over the illegal use of his photos in such scams years ago, The Independent reported. Criminals use Facebook ads to lure victims According to the report, criminals use Facebook ads…
Dfinity Foundation, the developer of Internet Computer Protocol (ICP), has dragged Facebook’s parent company, Meta, to court over its use of the infinity symbol as its logo. The lawsuit, filed in California, has Dfinity claiming that Meta uses the logo for the same reason it chose to register it. Dfinity registered the logo before Meta…
A few weeks ago, Australia’s richest man, Andrew Forrest, was forced to file criminal charges against Meta for allowing crypto scam ads with his name and age. Now, the Australian Competition & Consumer Commission (ACCC) has commenced legal action against the parent company of Facebook due to its inability to curb the spread of such…
Facebook’s Meta is reportedly working on a feature that will allow users to mint collectible tokens and display their NFTs on their social media profiles. According to sources familiar with the matter, Meta has also discussed launching a marketplace for users to buy and sell NFTs. Meta jumps aboard the NFT train There seems to…
With Meta’s plan to build the metaverse already in full swing, reports from Wall Street Journal have indicated that the tech company has been poaching employees of rival tech firms like Microsoft and Apple. Meta is poaching staff from Microsoft According to the report, a former employee of Microsoft revealed that the tech firm’s augmented…
With many institutions and firms joining the metaverse in recent times, the latest firm to join the growing list is the US arm of the leading crypto exchange in the world, Binance. Binace.US to get virtual office in the metaverse According to available information, Binance.US would be setting up in Portals, a metaverse project built…
Facebook’s parent company Meta is reportedly looking to achieve “deep compatibility” with blockchain technology, a New York Times report revealed this week. In a note to employees, Meta’s new CTO Andrew Bosworth laid out a vision for the social network to adopt and work with various blockchain and crypto technologies. Facebook’s parent company is jumping…