Latest Facebook News: Finextra Research

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Gemini in talks to pursue IPO

Cryptocurrency platform Gemini is in talks with potential advisors on a listing to pursue an initial public offering.

07 February 2025

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Meta to shut down Novi wallet

Meta is officially closing all accounts on its digital wallet, Novi.

04 July 2022

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Instagram starts testing NFTs

Instagram will start testing digital collectables this week, enabling creators and collectors to display their non-fungible tokens on their profiles.

09 May 2022

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Meet Zuck Bucks - Meta's latest digital currency concoction

Unfazed by the demise of its doomed digital currency Diem, Facebook is concocting another virtual token for the metaverse - Zuck Bucks.

07 April 2022

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Meta considers selling off Diem assets as Zuckerberg's crypto ambitions crumble

Facebook is reportedly mulling the sale of Diem assets as regulatory pressure mounts against Mark Zuckerberg's cryptocurrency project.

26 January 2022

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Meta extends Novi payments trial to WhatsApp

Meta (formerly Facebook) has extended the pilot for its Novi digital app to WhatsApp, using a stablecoin to enable participants to send and receive money from within chats.

09 December 2021

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David Marcus quits Facebook

David Marcus has quit as the boss of Facebook parent Meta's fintech unit after leading a frustrating effort to launch the Novi digital wallet and its associated stablecoin Diem.

30 November 2021

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Facebook fintech unit rebranded as Novi

As part of its Meta rebrand, Facebook has renamed its financial services and payments group from F2 to Novi.

08 November 2021

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Facebook pilots Novi, but without Diem

Facebook is launching a small pilot for its Novi digital app. However, it does not involve the Diem stablecoin, instead utilising the USDP (Pax Dollar) through partnerships with Paxos and Coinbase.

19 October 2021

/crypto

BIS GM issues Facebook stablecoin warning

The rise of Big Tech and its incursions into payments through projects such as Facebook's Diem stablecoin, could concentrate market power and threaten financial stability, challenge bank business models, and fragment the monetary system, warns BIS general manager Agustín Carstens.

06 October 2021

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Facebook's Marcus demands 'fair shot' for Novi payments

Facebook's digital wallet, Novi, could abandon the Diem stablecoin in favour of fiat money if regulators do not change their tune, says chief David Marcus in a blog in which he also confirms plans to move into other financial services.

18 August 2021

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Facebook Diem shifts operations from Switzerland to US

Facebook-backed cryptocurrency Diem is abandoning efforts to gain a payments licence from Swiss regulator Finma and instead switching its focus to the US

13 May 2021

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