David Marcus News
27.01 / 09:05
Facebook
cryptocurrency
Platform
Mark Zuckerberg's Cryptocurrency Project Unravels, Reportedly On Sale
Mark Zuckerberg once defended Diem, a crypto initiative backed by Meta, in front of U.S. lawmakers.
26.01 / 14:39
Digital
ICE
Meta considers selling off Diem assets as Zuckerberg's crypto ambitions crumble
Originally planned as a global private cryptocurrency, the project was scaled back following political and regulatory pressure and a new idea floated, pegging a rebranded Diem token to the US dollar. In May, Diem said an affiliate of the firm, Silvergate Bank, would be the one to issue the Diem USD stablecoin.
26.01 / 05:09
business
Facebook
Libra
Zuckerberg's Diem reportedly weighing sale after stablecoin plans falter
Meta-backed crypto initiative “Diem” is reportedly trying to sell its assets, seemingly calling time on Facebook founder Mark Zuckerberg’s grand ambitions for a stablecoin to act as the internet’s currency.
25.01 / 13:32
20.01 / 19:10
Facebook
NFT
Non-fungible tokens
Instagram
NFTs Might Reach Facebook & Instagram as Meta Mulls NFT Marketplace - Report
Facebook and Instagram-owner Meta is reportedly working on its own plans for allowing users to create, trade, and display non-fungible tokens (NFTs) from their social media platforms.
17.12 / 10:05
09.12 / 18:26
coinbase
Paxful
Meta extends Novi payments trial to WhatsApp
The test uses the Pax Dollar - not the Facebook-backed Dim - for transactions, with Coinbase acting as the custody partner.Participants had to use a dedicated Novi app but now the pilot is being extended to WhatsApp for a small number of US users, says Stephane Kasriel, who is taking over as Novi head from departing David Marcus.Tweets Kasriel: "We often hear that people use WhatsApp to coordinate sending money to loved ones, and Novi enables people to do that securely, instantly and with no
01.12 / 12:25
Facebook
PayPal
Platform
Facebook’s head of crypto project steps down
David Marcus, a longtime Meta Platforms executive who worked on messaging and led the company’s heavily scrutinised cryptocurrency initiatives, announced his resignation from the company on 30 November.
01.12 / 12:03
Facebook
Blockchain
Career
Meta Loses its Crypto Chief as Head of Novi Wallet David Marcus Steps Aside
Meta, the company formerly known as Facebook, has suffered another blow to its crypto plans after its head of blockchain and the co-creator of the Diem stablecoin project stepped down.
01.12 / 09:41
business
Facebook
Stablecoin
Social Media
end
Meta's head of crypto to step down at end of year
David Marcus, the head of Meta’s cryptocurrency and fintech unit Novi, will step down from his role by the end of 2021.
08.11 / 17:37
Facebook
Facebook fintech unit rebranded as Novi
Says Novi head David Marcus: "Our mission remains to empower everyone, everywhere to access the world’s financial system to accelerate financial inclusion and economic empowerment."I'm excited about the future ahead, and the role Novi will play in enabling people and businesses to move money in more and cheaper ways, and innovate in the Metaverse for creators and consumers alike."
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