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Facebook selects Coinbase as custody partner for its Novi cryptocurrency wallet

Coinbase will be supporting Novi by keeping funds secure when users sign up for the pilot, which is…

Isabelle Lee   


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Facebook to start pilot runs for its digital currency ‘Diem’ this year, says report

Diem is an independent group organised by Facebook, with other association members including A…

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Democratic senators say they don't trust Facebook with digital currency and urge the company to stop Novi launch

The scathing letter from Democratic senators came just hours after Facebook launched Novi, its new …

Isabelle Lee   


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Facebook-backed digital currency Diem is planning to trial this year, report says

Facebook-backed digital currency Diem will trial as a stablecoin pegged to the US dollar and focus …

Sophie Kiderlin   


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Crypto broker Voyager Digital files for bankruptcy a week after it suspends trading

Top cryptocurrency broker Voyager Digital on Wednesday filed for bankruptcy in the US, after top cr…

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Central bank digital currencies do not threaten the existence of cryptocurrencies, Morgan Stanley says

Morgan Stanley said cryptocurrencies will coexist with CBDCs, with bitcoin and others increasingly …

Harry Robertson   


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Mexican billionaire wants to introduce Bitcoin to banking — but regulators aren't having it

Regulators and businessmen in Mexico may have to go head-to-head in the fight to bring cryptocurren…

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US, China, Europe and India — all are mulling the possibility of a digital currency, but no one is ready to bite the bullet, yet

Simply put, CBDCs are digital versions of the currencies you use right now. In the US, a CBDC …

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Facebook's crypto chief is exploring NFT-related products and features - but views bitcoin as too volatile for transactions

David Marcus said Facebook is interested in non-fungible tokens, but it was too early to share any …

Shalini Nagarajan   


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The head of Facebook's cryptocurrency project says the social media giant's Novi digital wallet is ready to come to market

Facebook executive David Marcus says the Novi wallet will offer cheap and accessible digital paymen…

Carla Mozée   


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Facebook is scaling back its digital currency project Libra as it tries to win regulatory approval

Do you work at Facebook? Contact Business Insider reporter Rob Price via encrypted messaging app Si…

Reuters,Rob Price   


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1 min read

Meta is allowing some WhatsApp users to send and receive money with its nascent Novi crypto wallet

Piloting of the Novi digital wallet began in October in Guatemala and parts of the US.

Carla Mozée   


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The Facebook executive who helmed the social media company's Novi cryptocurrency project is departing

David Marcus led the creation of Novi, the company's digital wallet, and co-created Diem, the compa…

Isabelle Lee   


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Global central banks are pressing ahead with testing digital currencies, with China leading the way

The Bank of Japan's central bank digital currency committee held its first meeting Friday, and Chin…

Harry Robertson   


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1 min read

Facebook has confirmed that Libra isn’t coming to India as government shies away from ‘private’ cryptocurrencies

Facebook has confirmed that its new cryptocurrency, Libra, won’t be making its way to India. The so…

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Step-by-Step Guide: How to Get Verified on Facebook and Instagram with Meta Verified in India

Meta has started testing its verification service in India, which means you can now join the waitli…

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1 min read

Billionaire investor Mike Novogratz says he bought Facebook stock to capitalize on the company's digital wallet launch

"I bought Facebook stock because the company is going to come out with the Novi wallet sometime thi…

Shalini Nagarajan   


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Facebook wants to test its cryptocurrency in a country that’s trying to ban it altogether

Insiders say that India has been chosen for pilot testing the virtual currency, as the country…

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Central banks band together to consider issuing their own digital currencies

Such currencies would be issued by the central banks, and not exist as mineable cryptocurrencies th…

Ben Winck   


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Facebook renames digital wallet for Libra crypto as Novi

San Francisco, May 26 (IANS) Facebook on Tuesday said that it has changed the name and brand of its…