Meta
Nvidia Joins $1 Trillion Club Amid AI Boom
Nvidia's (NVDA) stock is climbing, following the company's latest earnings report. The chipmaker's market capitalization has even surpassed $1 trillion, outpacing companies like Meta and Tesla, according to data from Yahoo Finance. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
Meta Faces Record $1.3B Privacy Fine From E.U.
Facebook parent Meta Platforms was fined a record privacy penalty of $1.3 billion by European Union lawmakers for mishandling U.S. user information. "The Hash" panel discusses the fine and the potential use cases of Web3 for data privacy protection.
Mysten Labs CEO on Sui Mainnet Going Live
Layer 1 blockchain Sui launched its mainnet this week, as it aims to edge out rivals like Aptos and other DeFi heavyweights. Evan Cheng, co-founder and CEO of the blockchain's core contributor Mysten Labs, shares insights into the benefits and opportunities of Sui and how it aims to stand out from the competition. Plus, Cheng reflects on the lessons learned from previously working on the Meta-led Diem project, formerly known as Libra.
Sui Mainnet Goes Live: What's Behind the Sui Token Surge and Excitement?
Sui, the buzzy layer 1 blockchain founded by ex-Meta Platforms employees, launched its mainnet on Wednesday as it jockeyed to edge out rival Facebook-offshoot Aptos and other DeFi heavyweights. Sui Network tokens (SUI) briefly jumped to $2 apiece minutes after trading began, reaching nearly $690 million in market cap to a fully diluted valuation (FDV) at a staggering $13 billion. "The Hash" panel discusses their outlook for the Sui ecosystem.
Sui Network to Issue Token Following Exchange Sale; Airdrop Hunters Dismayed
The SUI token will be issued after the mainnet launch on May 3 after a token sale on Bybit, OKX and Kucoin.
Meta to Lay Off 10K Employees, End Support for NFTs on Instagram, Facebook
Meta Platforms Inc. is planning on cutting around 10,000 jobs in another round of layoffs. Separately, the parent company of Facebook and Instagram is winding down its integration of non-fungible tokens (NFTs) on its platforms. “The Hash” panel weighs in on the latest news from the tech giant.
Meta Will End Support for NFTs on Instagram, Facebook
Meta’s Stephane Kasriel said on Twitter the decision is prompted by a desire “to focus on other ways to support creators, people, and businesses.”
Facebook Parent Company Meta Exploring Decentralized App: Report
The app will be a standalone product for sharing text updates.
Metaverse Token Gamium Spikes After Meta and Telefonica Partnership Announcement
Metaverse project Gamium’s native token GMM surged by 340% to $0.0025 on Tuesday after the project announced deals with social media giant Meta Platforms (META) and telecommunications firm Telefonica (TEF). "The Hash" panel discusses the latest Web3 push from Meta and Telefonica, bringing mainstream blockchain awareness.
Disinvitation From Denver Crypto Conference Reveals Tensions Between Aptos, Sui Blockchains
Tensions have gone public between Aptos and Sui, two startup blockchains staffed by teams of individuals who emerged from Facebook's defunct Diem stablecoin project.
