Can you imagine a world with 40 Facebooks competing for you?
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.
Libra gets another member as it strives to have 100 entities on board.5352
Top financial services experts continue to join the Libra project.4836
Banque de France Governor François Villeroy de Galhau warned about the threat of "Big Tech" stablecoins.13686
Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizon.6426
Former U.S. Homeland Security Department general counsel, Stevan Bunnel, has been appointed as Libra's top lawyer.10985
In the EU, getting laws right on Libra could be the best way to speed up a digital euro from the European Central Bank.3846
Congressman Soto talks about the point where crypto education meets solid policy and what’s standing in the way.5471
There are multiple ways to approach digital payments, and Facebook wants to cover them all.11438
Facebook and YouTube are facing a class-action lawsuit alleging anti-competitive behavior in prohibiting crypto advertising in 2018.5472
Andrew Hamilton, the CEO of legal firm JPB Liberty, is ready to file a class-action lawsuit seeking billion in damages from the social media “cartel” that sought to kill crypto in 2018.2834
Facebook is determined not to take “no” for an answer when it comes to fintech.9529
The leaders in this week’s policy news focus on some case studies in power accumulation that more than anything show why decentralization tech matters.3873
Tech giants face hearing before Congress that will ask whether they violate antitrust and monopoly laws in the U.S.2968
The leaders of two tech giants are using nationalism to win back the governments of their respective home countries after stumbling over crypto launches.3846