Meta Platforms, which had recently filed trademark applications relating to blockchain and cryptocurrency services, is planning to introduce digital asset tokens dubbed “Zuck Bucks”.
According to the Financial Times, Meta is looking to explore in-app tokens that would be centrally controlled by the company. This is similar to tokens used in video games, such as Roblox’s in-game currency Robux.
Meanwhile, the European Union has prohibited the provision of ‘high-value crypto-asset services’ to Russia, as part of the fifth package of sanctions imposed in response to the war in the Black Sea region.
This will contribute to closing potential loopholes, it said in a release dated April 8. This is announced alongside full transaction ban and asset freeze on four Russian banks as well as prohibition on providing advice on trusts to wealthy Russians.
Chart: Hamster Coin 7-day price performance, CoinGecko
See also: Bitcoin resumes advance, rekindles US$100,000 milestone optimism
The price of decentralised meme token Hamster Coin surged over 100% in less than 24 hours on April 9. This follows billionaire Elon Musk’s comment about the size of Tesla’s new factory in Texas, which could fit “194 billion hamsters”.
The meme token, which was created on the Binance Smart Contract network, has since fallen 30% in price with a 24-hour trading volume of US$684,585.
Cover photo: Meta
