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Bank Of England Spells Out UK’s Requirements for the Libra Coin Launch
United Kingdom’s central bank, Bank of England, has announced a raft of rules that Facebook’s Libra crypto must adhere to if it wishes to launch in UK. In its October Financial Policy and Summary released by the bank’s Financial Policy Committee, BoE stated that it discussed innovative explorations within the financial and payment sector. As […] äàëüøå »
2019-10-10 23:09
Facebook’s Mark Zuckerberg to Face Congress and Discuss Libra Project Concerns on October 23
Facebook’s CEO, Mark Zuckerberg is set to testify in US Congress over the Libra project. CoinDesk reports that Zuckerberg will face the Congressional Financial Services Committee on Oct. 23 to shed light on Facebook’s impact on the financial services as well as housing sectors. äàëüøå »
2019-10-10 22:31
New OpenLibra Crypto Project Announced at DevCon, a Fork of Facebook’s Libra Coin
In the land of digital scarcity, blockchain can be a bit of a double-edged sword. Case in point, Facebook’s coveted Libra coin cryptocurrency project is now being ‘forked’ into a new project called ‘OpenLibra’. äàëüøå »
2019-10-9 08:57
Former DOJ Member Claims A US Ban Of Libra Like Tech Could Raise Natural Security Issues
In an interview with CNBC, Katie Haun, the former Bitcoin-related prosecutor turned crypto vocalist, said the United States faces a huge risk in national security if it bans and outlaws the development and use of Facebook’s cryptocurrency, Libra. äàëüøå »
2019-10-8 17:25
Instagram cuts the Following tab so we can like and comment in peace
Instagram’s killing the “Following” tab in its app, meaning you’ll no longer be able to track the every online move of the people you follow. It’s almost as though Instagram recognized the feature was only used by people to creep on each other. äàëüøå »
2019-10-8 01:56
Will Facebook Remove End-to-end Encryption From its Messaging Apps?
The technology community is up in arms once again. The US government has tried to get rid of end-to-end encryption in numerous ways. Its latest effort comes in the form of putting pressure on Facebook to make this decision. äàëüøå »
2019-10-7 00:59
Here’s how to hide and report comments on Facebook
Welcome to TNW Basics, a collection of tips, guides, and advice on how to easily get the most out of your gadgets, apps, and other stuff. Ahhh… Facebook, a place to share “what’s on your mind” and stay up to date with your racist Grandma’s statuses. äàëüøå »
2019-10-5 12:00
PayPal Officially Bows Out From Facebook’s Libra Crypto Coin Project
The Libra Association and the whole existence of Facebook’s Libra project took a pretty strong hit today. PayPal has just officially withdrawn from the Libra Association. We reported earlier today that PayPal was thinking about leaving due to regulatory backlash and it seems that it finally happened. Now, a spokesperson from PayPal affirmed that the […] äàëüøå »
2019-10-5 01:52
Petition to Ban Facebook’s Libra “Crypto” Asset Reaches 55,000
European NGOs have launched a petition against Facebook’s recently-detailed crypto asset-like digital currency, Libra. The effort seeks to make EU policy makers aware of apparent public resistance to the plans. äàëüøå »
2019-10-5 23:00
US House Committee Wants Zuckerberg’s Feet to Touch the Flame, Testify About Libra Coin
The regulatory scrutiny over Libra in the United States continues. Now, the House Financial Services Committee of the country has recently invited more people who work on Facebook to testify. The latest two executives that were invited were Facebook’s COO Sheryl Sandberg and CEO Mark Zuckerberg, who will need to attend before January 2020. Sandberg […] äàëüøå »
2019-10-4 20:27
Financial Stability Board: Stablecoins ‘May Pose Regulatory Challenges’
Stablecoins could pose “regulatory challenges,” says Randall Quarles, chair of the Financial Stability Board
äàëüøå »2019-10-4 16:24
Regulatory Backlash Against The Libra Association May See Founding Member PayPal Exit
Not only is Facebook’s cryptocurrency Libra is facing a backlash from regulators, but there is also news that PayPal is very close to leaving the 28-company coalition meant to help Libra gain legitimacy and come to fruition. äàëüøå »
2019-10-4 16:01
Libra Partners Live and Deploying their Nodes on Pre-Mainnet: Affirms Roadmap
Libra is getting a lot of response from the developer community, releasing blockchain explorers like libranaut, libraview, and libexplorer and integrating Libra into their wallets, shared Facebook’s cryptocurrency in its roadmap, released on Oct. äàëüøå »
2019-10-3 17:35
Are Major Backers Visa, PayPal, MasterCard, And Stripe Considering Leaving the Libra Association?
The signing of the Libra Association Charter is fast approaching on October 14 amidst the global payment providers doubts on the project. According to sources familiar with the matter, four global payment giants in the Libra Association – PayPal, Visa, MasterCard and Stripe – are having doubts on the success of Libra, Facebook’s cryptocurrency. Visa, […] äàëüøå »
2019-10-2 17:12
Swiss Regulator Fears Crypto’s Dark Corners, Libra Not So Much
Switzerland’s regulator is more wary of crypto projects that develop outside of official scrutiny than he is of Libra
äàëüøå »2019-10-2 02:05
Major US Banks Caution Federal Advisory Council Against Libra Becoming A ‘Shadow Banking’ System
Facebook's nascent crypto project Libra continues to run in trouble even before the actual launch. The project has managed to enrage regulators, central banks and governments around the globe, who believed Facebook was merely using the name of blockchain to start a parallel monetary system, piggy riding the existing framework in which institutions pay billions […] äàëüøå »
2019-10-1 22:09
Former Goldman Sachs Analyst: ‘Facebook Insiders Hate Their Stock’
Facebook (FB) has been in a bull market ever since it took out resistance of $40 in August 2013. The strong uptrend catapulted the equity to an all-time high of $218. 62 in July 2018. That’s an impressive growth of close to 450% in five years. äàëüøå »
2019-9-30 17:00
Facebook’s Libra is a “Threat to Currencies,” Marcus Treahcer, Ripple VP of Customer Success
One major flaw with Facebook’s plan to create a digital currency, according to Marcus Treacher, Ripple’s senior vice president of customer success, says is that it is a “walled garden.” The term that means a closed system has been applied to top companies like Facebook (FB) and Apple (APPL) in reference to the control they […] äàëüøå »
2019-9-29 04:48
Facebook’s Libra Coin Project Will Not to Do Away with Existing Currencies
Libra association says that Facebook cryptocurrency is not being initiated to replace the already established currencies. The Managing Director Bertrand Perez, who was speaking at UN headquarters in Switzerland at a blockchain conference, stated that they are not implementing a monetary policy with Libra. äàëüøå »
2019-9-28 17:44
ECB Pres. Says Crypto’s Aren’t Good Money Substitutes; But Facebook’s Libra Could Change That
September 27, Frankfurt. Mario Draghi, European Central Bank (ECB) president, states that he is of the opinion that cryptocurrencies and stablecoins are not designed to be an adequate replacement of money. äàëüøå »
2019-9-28 16:18
Facebook COO Set To Testify Before Congress About Stablecoin Libra Next Month
Libra, one of the most aspirational projects of Facebook which would propel it in the financial demographics and crypto banking services has run into a number of roadblocks ever since its announcement. äàëüøå »
2019-9-27 15:56
Facebook’s David Marcus Justifies Building A Blockchain Payments Network Vs Traditional Banking System
In a blog post published on Wednesday, Libra cofounder David Marcus tried to justify Facebook's move to, saying that it is going to be an asset to the global population as most of them lack access to modern financial services. äàëüøå »
2019-9-26 19:16
Facebook scores big, gets rights to air highlights from major cricket tournaments
The International Cricket Council (ICC), the governing body for the sport, announced today it’s partnering with Facebook to show exclusive digital content for ICC tournaments hosted in the Indian sub-continent until 2023. äàëüøå »
2019-9-26 13:34
Ready Player What? Facebook announces a new VR social network
Facebook revealed at today’s Oculus Connect event that it’s launching its own social VR platform, a very MMO-like virtual world called Horizon. Horizon is an “interconnected world” where VR avatars can meet, hang out, play games, and build their own environments. äàëüøå »
2019-9-26 01:25
Facebook’s David Marcus Advocates for Blockchain-Based Payment Networks
David Marcus has set forth arguments in favor of blockchain-based payment networks
äàëüøå »2019-9-26 21:54
US House Committee Hearing With the SEC on Libra, Crypto and Securities
CT reports live from the House Financial Services Committee hearing with the SEC
äàëüøå »2019-9-25 17:03
US Dollar Dominates Facebook’s Libra’s Basket of Currencies, But No Chinese Yuan
In its letter to German politician Fabio de Masi, Facebook revealed the percentage breakdown of the global currencies that would back its cryptocurrency project Libra, reported German newspaper, Der Spiegel. äàëüøå »
2019-9-23 18:46
Swindling Advertisements on Facebook Try to Con Investors About Joining TON Investment
Fake news has been making rounds on Facebook about being part of the Telegram Open Network platform. Kommersant, the Russian news outlet reported that ads were appearing that promoted a certain “Successful Investor” account on Facebook. äàëüøå »
2019-9-21 17:45
Facebook identifies secret campaign to influence voters in Iraq and Ukraine
Earlier today, Facebook announced it had terminated multiple accounts, pages, and groups belonging to two campaigns targeting voters in Iraq and Ukraine. The move is part of the social giant’s crackdown on “inauthentic behavior. äàëüøå »
2019-9-17 19:14
Calibra CEO David Marcus Responds to Claims That Facebook’s Libra Is A Threat To Financial Systems
David Marcus, known as the head of Calibra, the company in charge of Facebook’s Libra stablecoin, has recently decided to respond to the prominent concerns that Libra could affect the sovereignty of national fiat currencies. äàëüøå »
2019-9-16 20:44
Libra Does Not Threaten Sovereignty of Nations, Says Calibra CEO
Calibra CEO dispels notion that Libra is a threat to the global financial system
äàëüøå »2019-9-17 16:10
Libra Execs To Face Global Financial Regulators Today To Be Questioned About Facebook’s Crypto Risk
Global financial regulators and central banks are calling in officials from Facebook’s Libra cryptocurrency to explain the potential financial risks the stablecoin poses in the global fintech industry. äàëüøå »
2019-9-16 16:07
Germany’s Grand Coalition Looks To Deny All Private Stablecoins Like Facebook’s Crypto Libra
France and Germany have agreed to block Facebook’s Libra cryptocurrency. In a joint statement, the two governments confirmed that no private entity can claim monetary power, which is inherent to the sovereignty of nations. äàëüøå »
2019-9-14 18:17
Libra Association Head: Facebook’s Crypto Stablecoin Still On Track To Be Launched By End Of 2020
The head of Libra Association, the non-profit organization behind Libra stablecoin project, has revealed that the token will be launched by the end of 2020. We believe that the global, open, instant, and low-cost movement of money will create immense economic opportunity and more commerce across the world: https://t. äàëüøå »
2019-9-14 22:08
Facebook’s Libra Launch Would “Substitute Itself As A National Currency” & Can’t Be Authorized: French FM
While Facebook (FB) is planning to acquire Swiss payment system license for Libra, France is not at all interested in letting its cryptocurrency project — expected to launch in 2020 — get off the ground. äàëüøå »
2019-9-12 18:44
Facebook Now Seeking Swiss Payment System License for Crypto Project Libra
Facebook’s cryptocurrency project Libra is now seeking a Swiss payment license, said financial watchdog FINMA on Wednesday. Social media giant Facebook (FB) first announced its plan to launch a cryptocurrency in June, as an attempt to move into global payments that has drawn intense scrutiny from global financial authorities. The stablecoin Libra, which is planned […] äàëüøå »
2019-9-11 17:55
New Open-Source Code Vulnerability Was Found and Fixed In Facebook’s Libra
A recently discovered vulnerability on the open-source protocol of Facebook’s Libra was just fixed. The vulnerability was originally discovered by OpenZeppelin, a third-party audit company that is focused on crypto products. äàëüøå »
2019-9-11 00:32
US Treasury: Facebook’s Libra And Other Crypto’s Must Adhere To AML & Terrorism Financing Standards
The highly anticipated Facebook’s crypto, Libra, must meet stringent US regulatory requirements before it can be launched, says an official from the US treasury. According to Treasury’s Under Secretary in charge of terrorism as well as financial intelligence, Sigal Mandelker, the Libra stablecoin must achieve the highest standards for fighting money laundering as well as […] äàëüøå »
2019-9-10 21:02
Facebook Ditched Bitcoin For Libra Over Its Inability to Scale: Bill Barhydt
Facebook (FB) actually preferred to use Bitcoin: Abra CEO, Bill Barhydt The plan was to create a scalable Bitcoin as anything transactional with BTC was effectively untenable Bitcoin consultant, Udi Wertheimer begs to differ Before going with its own stablecoin Libra, social media giant Facebook (FB) has been considering using Bitcoin, Bill Barhydt, CEO of […] äàëüøå »
2019-9-8 17:56
Facebook Dating Will Be A Monster Hit. Here’s Why.
As someone who has been single in his life more years than not, and living in one of the worst cities ever for dating, I can confidently predict that Facebook's dating app will be a huge success. äàëüøå »
2019-9-9 17:16
Facebook On Boards New Lobbyist Firms To Push Its Libra Crypto Motions In Senate
Facebook increases lobbyist power with two new firms pushing the crypto’s agenda in Senate pushing the total number to four. The U. S Congress tough stance on Facebook’s Libra project will soon be changing as the social media giant hires two new lobbyists for the project. äàëüøå »
2019-9-7 18:20
Facebook Dating Is Zuckerberg's Worst Idea Since Doomed Crypto Libra
Facebook dating is here. Hallelujah. Just what we needed, another way for Zuck to weasel his way into our lives. The social media behemoth on Sept. 5 officially announced the launch of its dating app in the U. äàëüøå »
2019-9-9 15:19
Facebook Dating Is Zuckerberg’s Worst Idea Since Doomed Crypto Libra
Facebook dating is here. Hallelujah. Just what we needed, another way for Zuck to weasel his way into our lives. The social media behemoth on Sept. 5 officially announced the launch of its dating app in the U. äàëüøå »
2019-9-8 15:19
Proposed Chinese Digital Currency Set To Follow Comparable Traits To Facebook’s Libra
The newly appointed Chinese head of digital currency claims that the digital yuan will have some comparable traits to Facebook’s Libra currency and the public will be able to use it within various Chinese payment platforms namely WeChat as well as Alipay CoinDesk reports. äàëüøå »
2019-9-6 20:12
Facebook Eyes a New Blockchain Policy Expert In Africa To Enable Crypto Payments With WhatsApp
While the whole work is looking at Facebook’s new project Libra, Facebook is looking at Sub-Saharan Africa. According to a recent job opening, the company is looking for a policy expert in Africa that could ensure that payments are made in the countries of the continent using WhatsApp. While the job posting does not mention […] äàëüøå »
2019-9-6 22:54
Facebook now asks for consent to scan your photos (but only on new accounts)
Facebook today announced it’d be rolling out its facial recognition settings to everyone — and that and that it’d be turned off by default for new users. Anyone who doesn’t already have this setting will be able to notified and asked if they want to turn it on. äàëüøå »
2019-9-4 03:25
Facebook to test removing the ‘like’ counter from posts
Facebook is finally testing a much-needed change to its social network – hiding Like counts on posts. App researcher Jane Manchun Wong posted this development with screenshots on Twitter. Wong’s post suggests the social network is testing this feature in its Android app. äàëüøå »
2019-9-3 12:40
ECB Board Member is “Extremely” Concerned about Facebook’s Libra’s High Centralization, Shills Fiat Money
Facebook’s proposed cryptocurrency called Libra — scheduled for release in the first half of 2020 — according to European Central Bank’s board member Yves Mersch undermines ECB’s ability to set monetary policy. äàëüøå »
2019-9-3 01:10
Regulatory Heat of Facebook’s Crypto Coin Hasn’t Broken The Spirits Of Libra Association Members
When organizations were joining Libra, they knew that the project is not going to be easy, especially considering the regulatory loopholes that the organization was going to have to overcome. Things got a bit dire recently and there were a few three of the firms expressed concerns over being seen to be linked to the […] äàëüøå »
2019-8-28 20:40
Swiss Central Bank In Close Contact With Facebook’s Libra, Affirms Documents Are Very Vague
The Swiss National Bank, known the central bank of the country, has recently contacted the responsible people for Facebook’s Libra project in order to know more about the project. Fritz Zurbruegg, the vice-chairman of the bank, has talked about the contact so far and claimed that the documents that back the project are very vague. […] äàëüøå »