Major global economists credit Facebook’s Libra with pushing the world to reconsider the U.S. dollar as the world’s anchor currency at WEF panel in Davos.
Facebook News
Facebook is a company that owns one of the largest social networks with the same name. It was founded in 2004 by Mark Zuckerberg and his roommates during their studies at Harvard University. Initially, it was made as a website internal to the university, which then spread all around the world.
The company has expressed interest in investigating the uses of blockchain technology for Facebook Messenger by launching a new team for this task. However, in the beginning of 2018, it was announced that all advertisements related to cryptocurrency or any other suspicious financial product would be banned on the site in order to provide better security for Facebook users. In addition to this, the absence of legislation concerning the use of cryptocurrency deters Facebook from considering involving it in their payment system.
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At the World Economic Forum in Davos at a digital currency-centric panel, Calibra’s David Marcus focused on the issues of the unbanked as the primary use case.
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The former head of payments and settlements at the Bank of Japan says Facebook’s Libra galvanized central banks globally to look seriously into digital currency...
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The Australian Prudential Regulation Authority has proposed a regulatory framework that would have it oversee digital wallets, including Calibra.
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by Aaron Wood
The Libra Association has formed a five-member steering committee to guid the network’s technical development.
- Follow up
Bitcoin scam ads featuring Martin Lewis appear on Instagram less than a year after Lewis settled a defamation suit with Facebook.
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by Helen Partz
The House Financial Services Committee raised concerns over the use of crypto to fund domestic terrorism in the United States in a recent hearing.
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Facebook CEO Mark Zuckerberg says the digital world needs governing, pointing toward government regulation but also community self-governance as potential solut...
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by Jack Martin
Decentralized social media platform Voice has hired ex-Forbes executive Salah Zalatimo as CEO, just ahead of its public beta launch.
- Follow up
by Joseph Birch
The “Shitcoin Wallet” debacle shined a light on crypto security issues. Experts weigh in on how companies are caught in the balance.
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Facebook’s Calibra is in search for two marketing specialists as the company continues the development of its Libra stablecoin project.
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by Helen Partz
Fake Martin Lewis Bitcoin scam ads have been spotted on Instagram after Lewis settled a defamation lawsuit against Facebook in 2019.
- New Year Special
by Thomas Simms
Crypto Santa has done his rounds for Christmas after checking his naughty and nice list. But which crypto players got coal this year, and which got presents?
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U.S. Congress drafts legislation against big tech companies acting as financial entities and securities regulations, but will Facebook back down?
- New Year Special
Amid volatility and regulatory uncertainty, some projects and individuals came out on top in 2019 while others faltered.
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