Facebook May Be Seeking “as Much as $1 Billion” for Its New Crypto Project10

Sources have told Nathaniel Popper, who covers blockchain for The New York Times, that Facebook is trying to get venture capitalist firms to invest “as much as $1 billion” in the tech giant’s cryptocurrency project—a stablecoin potentially pegged to a number of different fiat currencies to be used on the Facebook-owned messaging service, Whatsapp.

Update on Facebook's cryptocurrency: Sources tell me that Facebook is now looking to get VC firms to invest in the Facebook cryptocurrency project we reported on earlier this year. I hear they are targeting big sums -- as much as $1b.

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