Crypto kids fight Facebook for the soul of the Metaverse – Cointelegraph Magazine

[ad_1] With Facebook and Microsoft engaged in a virtual land grab, is there still a future for the dream of a Metaverse that’s owned and built by the community? A dinosaur walks into a bar, orders a whiskey neat and sits down with a pink elephant and a purple, hard-to-place obscure anime character. They watch a live NBA game. A good time is had by all. This is no joke. For one major crypto fund manager referred to as “Simon,” who prefers to remain anonymous (and not offer investment advice),…

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Diem tells Senators on the warpath over Novi: We’re not actually Facebook

[ad_1] Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet. Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government had seen.” In an Oct. 19 letter sent to Facebook CEO Mark Zuckerberg, the Senators including crypto critic Elizabeth Warren, voiced their “strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet.” Earlier that day the Novi wallet was launched in partnership with Coinbase, with…

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