Novi

Meta Platforms (NASDAQ: META) owned Novi digital wallet will be shut down by September. The company announced that the final day to add funds would be July 20.  According to Bloomberg, Meta asked Novi users to withdraw their balance as soon as possible. The company said it would “attempt...

Meta Platforms Inc (NASDAQ: FB) is allowing a limited number of users based in the U.S. to send and receive money using its Novi digital currency wallet. What Happened: In an announcement on Thursday, Stephane Kasreil, the head of Meta’s cryptocurrency and fintech unit, said a few WhatsApp...

David Marcus, the co-creator of Facebook Inc’s (NASDAQ: FB) digital currency project Diem, is leaving the company at the end of December. What Happened: Marcus, who led Facebook’s cryptocurrency wallet project Novi, announced the decision to leave the company — rebranding as...

Social media giant Facebook, Inc. (NASDAQ: FB) has launched a pilot of its Novi crypto wallet in the U.S. and Guatemala but is already facing strong opposition from five Democratic U.S. senators. What Happened: David Marcus, head of Facebook Financial, announced the Novi pilot program on...

Social media giant Facebook Inc. (NASDAQ: FB) made an announcement about two projects, one of which many had thought been put on hold indefinitely. What Happened: According to a Tuesday Cointelegraph report, a Facebook spokesperson confirmed the company has not...

Billionaire Mike Novogratz said he purchased shares of Facebook Inc (NASDAQ: FB) as a cryptocurrency play, Bloomberg reported Tuesday. What Happened: The CEO and founder of cryptocurrency investment firm Galaxy Digital Holdings Ltd. (OTC: BRPHF) told Bloomberg that he bought stock in the...

Facebook Inc (NASDAQ: FB) will host a virtual event for developers in June that could show off new updates and products. What Happened: Facebook will host developers at a single-day, virtual-only conference on June 2, TechCrunch reports. The event is called “F8 Refresh” and it will...

Facebook Inc (NASDAQ: FB) has formed a new group, led by the co-creator of the company's Libra cryptocurrency project, David Marcus, to streamline its payments operations across app offerings, Bloomberg reported Monday. What Happened The group, dubbed "...

A multibillion-dollar industrial project is in planning stages in mid-Michigan’s Shiawassee County that would rank as the country’s largest manufacturing plant if completed, but details are scarce. “Project Tim” is a renewable energy development that would cost between $4.5...