Current payment rails, particularly in the U.S., are decades old. In recent years, fintech companies have built new ones, but it takes years and millions of dollars to do.
Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Nov
Postmates founder Bastian Lehmann’s new crypto startup TipTop was lightly teased out a few weeks ago, but now the stealth startup is sharing some info on its early funding, though there’s
After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land. Today, the former Messenger boss and Paypal executive offered
As Facebook transitions its corporate branding and organizes around a “metaverse” future, a number of high-profile execs have been leaving the company. Last week, former Messenger boss and
Felix Capital, the London VC firm that has built a portfolio emphasizing investments in startups in the ecosystem that supports the creative class, is bringing on two more partners, Julien Codorniou a
Hello friends, and welcome back to Week in Review! Last week, we took a break from contextualization for some guides to consumption. This week, we’re looking at what’s happening in the min
Facebook parent company Meta is losing its top crypto executive later this year. David Marcus who leads crypto unit Novi and previously helmed the company’s Messenger unit, announced Tuesday tha
To kick off 2020, one of Europe’s newer — and more successful — investment firms has closed a fresh, oversubscribed fund, one sign that VC in the region will continue to run strong i
Critics of Facebook's proposed stablecoin are well-intentioned, but they're missing the forest for the trees.
Attempting to signal its popularity despite high-profile defections from Visa, Stripe and more, the Facebook-led cryptocurrency Libra Association announced that 1,500 organizations have expressed inte
What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners — including
Facebook’s messaging app for under 13s, Messenger Kids — which launched two years ago pledging a “private” chat space for kids to talk with contacts specifically approved by th
As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces sign
Facebook is leaning on fears of China exporting its authoritarian social values to counter arguments that it should be broken up or slowed down. Its top executives have each claimed that if the U.S. l
A Swiss regulatory agency that Facebook executive David Marcus said in congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched c
Facebook will only build its own Calibra cryptocurrency wallet into Messenger and WhatsApp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking Committ
The head of Facebook’s blockchain subsidiary Calibra David Marcus has released his prepared testimony before Congress for tomorrow and Wednesday, explaining that the Libra Association will be re
The $10 million entry fee to join the Facebook-developed cryptocurrency’s Libra Association is merely a minimum. Members who’ll verify transactions can opt to invest more in exchange for m
At nearly six years old, Patreon has gone from startup to king of membership. Now an established leader in an industry that’s been flipped on its head, Patreon’s path has been anything but
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