Bitcoin corporate treasury shareholder proposal submitted to Meta

January 10, 2025 Coin Telegraph

Bitcoin

"Due to its verifiable fixed supply, Bitcoin is the most inflation-resistant store of value available," the proposal read.

A Meta shareholder proposal submitted by Ethan Peck requested that the social media company convert a portion of its $72 billion in cash and short-term cash equivalents to Bitcoin (BTC) as a hedge against currency debasement.

Peck wrote that Meta is losing 28% of its cash assets over time due to inflation and cited Bitcoin outperforming bonds by 1,262% over the past five years as evidence for adopting the asset. Peck also wrote in the proposal:

Peck is an employee of The National Center for Public Policy Research — a Washington DC-based think-tank promoting free market policies — which submitted Bitcoin treasury shareholder proposals to Microsoft and Amazon in 2024. However, Peck submitted the Meta proposal on behalf of his family’s shares.

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Meta to scrap fact-checkers in favor of ‘free expression’

January 7, 2025 Coin Telegraph

BlueSky

The social media company will switch to a community notes model similar to the X platform’s, Meta said.

Social media giant Meta, formerly Facebook, plans to replace third-party fact-checkers with a community notes model akin to rival X’s to promote “free expression,” according to a Jan. 7 announcement.

Meta will also lift restrictions on “topics that are part of mainstream discourse” to focus enforcement on “illegal and high-severity violations” and enable users to “take a more personalized approach to political content,” Meta said.

“In recent years we’ve developed increasingly complex systems to manage content across our platforms, partly in response to societal and political pressure to moderate content. This approach has gone too far,” according to Meta’s blog post.

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LastPass threat actor steals $5.4M from victims just a week before Xmas

December 17, 2024 Coin Telegraph

LastPass threat actor steals .4M from victims just a week before Xmas

Chainabuse

White hat organization Security Alliance (SEAL) urged users to transfer crypto funds from LastPass if their private keys have been stored there since December 2022 or earlier.

The notorious LastPass hackers may have just ruined Christmas for another 40 victims by stealing $5.36 million from LastPass users — just eight days before the holiday.

LastPass fell victim to a data breach in December 2022, when the hackers were able to copy a backup of customer vault data from encrypted storage.

As of September, more than $35 million worth of crypto had been stolen — but factoring in the $5.36 million and a $4.4 million incident from Oct. 25 would bring that figure closer to $45 million.

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Meta’s Crypto Project Libra Victim of ‘Political Kill,’ Says Co-Creator David Marcus

December 3, 2024 The Daily Hodl

Altcoins

The co-creator of Meta’s ill-fated crypto payment project Libra says a political hit job stymied their efforts. David Marcus says Libra, later renamed Diem, would have “solved global payments at scale.” The tech executive notes his team spent months briefing “key regulators” in the US and abroad prior to announcing the project in June 2019 alongside […]

The post Meta’s Crypto Project Libra Victim of ‘Political Kill,’ Says Co-Creator David Marcus appeared first on The Daily Hodl.

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Crypto Biz: US elections crown Polymarket

November 9, 2024 Coin Telegraph

blackrock

This week’s Crypto Biz features Polymarket, BlackRock’s IBIT hitting $1B volume, Meta’s Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN.

Donald Trump may have won the race for the White House, but the crypto market has its own champion: Polymarket — a decentralized prediction market platform running on the Polygon blockchain.

Founded just four years ago, the platform has amassed over $3.2 billion in total bets tied to the United States election results, with $239.5 million placed on Election Day alone.

Behind Polymarket is 26-year-old Shayne Coplan, CEO and board member, according to Pitchbook. Some key election developments predicted by traders on Polymarket included President Joe Biden dropping out of the contest, among other geopolitical developments.

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Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7

October 13, 2024 Bitcoin.com

Amazon

Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s […]

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Revolut prevents $13.5M of ‘potential fraud transactions’ in crypto

October 8, 2024 Coin Telegraph

Revolut prevents .5M of ‘potential fraud transactions’ in crypto

Bitcoin

Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”

Cryptocurrency-friendly neobank Revolut said it has prevented millions of dollars in potential customer losses from fraudulent crypto transfers over the past three months

Revolut said on Oct. 7 that it blocked up to $13.5 million worth of “potentially fraudulent crypto transfers” between June 1 and Sept. 1, 2024, according to an announcement sent to Cointelegraph.

“The company’s proactive approach has seen it significantly enhance its crypto-specific security measures recently, which has led to an increase in the amount of potential fraud it has prevented,” Revolut said.

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Meta shows off Web3-to-reality bridge with ‘Hyperscape’ metaverse demo

October 3, 2024 Coin Telegraph

artificial intelligence

The tech is still experimental, but its implications could change how users view reality.

Meta recently showed off a new “Hyperscape” tech that takes the idea of stitching photographs together to form a 3D environment — such as YouTube’s 360 videos — and turns it into a real-time rendering system that could potentially revolutionize telepresence and redefine the idea of working from home.

Meta’s still as bullish as ever when it comes to the metaverse. As Cointelegraph recently reported, Meta CEO Mark Zuckerberg showed off the company’s new “Orion” smart glasses at the company’s “Connect” event on Sept. 25.

The Orion glasses purportedly give the user an effective heads-up display, allowing them to navigate the physical world with digital information seamlessly integrated into what they are seeing.

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Zuckerberg becomes fourth-wealthiest person following shift to Meta

September 29, 2024 Coin Telegraph

Big Tech

Tech giant Meta's current market capitalization is more than $1.4 trillion — making it one of the most valuable companies in the world.

Tech entrepreneur Mark Zuckerberg is now the world's fourth-wealthiest billionaire — with a net worth of $201 billion — following Facebook's rebrand to Meta in October 2021, and expansion into metaverse hardware and artificial intelligence.

Meta is currently trading at approximately $567 per share at the time of this writing — a more than six-fold increase since the stock's November 2022 lows of roughly $88 per share.

In the year following the rebrand, Meta's stock fell sharply from trading in the $300 range to the November 2022 lows — reflecting investor sentiment toward the company's pivot to augmented reality experiences and the development of AI at the time.

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Meta to resume AI training in UK after regulatory pause

September 14, 2024 Coin Telegraph

The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook.

Meta will begin using publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will use publicly available information, such as adult users’ posts, comments, photos, and captions on both platforms.

“We’re building AI at Meta to reflect the diverse communities around the world and we look forward to launching it in more countries and languages later this year,” Meta said.

Meta said it does not use information from accounts of people in the UK under the age of 18. Source: Meta

Meta.