Investors appear to be losing interest in Metaverse-related tokens as only one among the top 10 crypto assets in the niche has recorded a positive performance in the last 30 days. According to CryptoSlate data, Bored Apes affiliated ApeCoin (APE) has shed 26.42% in the last 30 days. Over the seven-day metrics, it has lost 7.84%…
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…
Due to the rising popularity of NFT technology, almost every social media site has revealed plans to integrate the feature on its platform, and it is no surprise that the largest amongst them also have the same plans. NFTs on Instagram Mark Zuckerberg, in a recent statement, revealed that Instagram would also be joining the…
Silicon Valley and big tech firms are increasingly losing talents and high-profile individuals to the greener pastures of the crypto industry. Green as in the freshness and the horizon of opportunities, and green as in money. As CryptoSlate reported last month, It’s becoming evident that Web3 and the wider crypto- and blockchains space is becoming…
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…