Tag Archives: Facebook

It’s a big win for Chinese tech giant Tencent as Hong Kong’s top-most regulator – Securities and Futures Commission (SFC) – has recently granted them a new license to open a virtual bank.On Friday, November 8, speaking at the World Blockchain Summit in Wuzhen, China, Tencent’s chief of blockchain division – Yige Cai – said that his company has received a go-ahead from the SFC to open blockchain-based virtual banking system in the country.Although not many details of the bank’s launch are...

Software giant Microsoft is developing a new way to ensure newly created cryptocurrency tokens are easy to audit and much harder to fabricate.Microsoft Brings Azure to the TableKnown as Azure Blockchain Tokens, the platform has been utilized by several video game companies to create tokens that players can earn through gameplay. Now, Microsoft is taking the system to new heights and spreading its services to companies like General Electric, which is now among the first major conglomerates...

Facebook Libra lead David Marcus doesn’t believe bitcoin is a currency. Its volatility keeps it from becoming a currency, he explained. Bitcoin is more aking to ‘digital gold’, according to the Facebook executive. Facebook’s crypto frontman David Marcus, provided bitcoin with a backhanded compliment on Wednesday. According to the Libra lead, bitcoin is a dead ringer for digital gold, but not an appropriate currency. Speaking at the New York Times DealBook Conference, Marcus praised...

Frankfurt am Main: Gebäudekomplex der Europäischen Zentralbank Foto cc 3.0 by Epizentrum, Wikipedia Die europäische Zentralbank bekommt weiche Knie: Facebooks Libra bringe das bisherige Finanzsystem ins Wanken. Deshalb rüstet die Zentralbank zum Gegenangriff und überlegt, eine eigene Digitalwährung auf den Markt zu bringen. Hervor geht dies aus einem Entwurf der finnischen...

Someone should tell Joseph Lubin, the co-creator of Ethereum, that he needs to make up his mind about Libra.Lubin: Libra Is a Good SystemSeriously, in a new interview with CNBC, Lubin states that he likes Libra, but that Facebook isn’t the company who should be behind the wheel. This completely differs from an interview he gave in late October in which he describes the cryptocurrency as a “weapon of mass societal manipulation.”In his latest discussion, Lubin explained:I’m a big fan of...

The People’s Bank of China signed a partnership with Huawei, reportedly to develop blockchain technology for China’s sovereign digital currency. It comes just a week after Xi Jinping pledged that China would “take the leading position” in blockchain. Zuckerberg’s ominous warning – that China could erode America’s “financial leadership” – is slowly materializing. Last month Facebook CEO Mark Zuckerberg appeared before Congress and delivered a warning to lawmakers: get behind digital currency...

The fate of Facebook’s Libra cryptocurrency is pretty much hanging in the balance and has somewhat been so since it was first announced a few months ago. There has been so much backlash from authorities, with Congress specifically asking Facebook to halt the development progress until further notice. Now according to Ethereum co-founder Joseph Lubin, the biggest problem that the Libra faces is Facebook itself.Lubin recently spoke to CNBC’s Squawk Box, and specifically mentioned Facebook’s...

Photo: Wikimedia CommonsI have big hopes for Christine Lagarde following her appointment as the new head of the European Central Bank. And here’s why (Warning: libertarian crypto enthusiasts should look away now).A company I co-founded held Bitcoin in the now-infamous Mt. Gox exchange. You may remember that back in 2013-14 it was the world’s leading Bitcoin exchange handling over 70% of all transactions worldwide. But in February 2014 things went horribly wrong as Mt. Gox suspended trading...

Social media giant Facebook has unveiled its new company logo as part of the rebranding efforts. Facebook says that the new branding strategy is to bring more clarity and align the goals of its different products and services under one parent company.In its official announcement, the company said that over the last 15 years, it has made several major acquisitions like Instagram and WhatsApp. Thus, to bring clarity that these services operate under Facebook, it is isolating the Facebook...

Marienplatz mit dem Rathaus München; hinter dem Baukran die Theatinerkirche. Foto CC 3.0 by Diliff, Wikipedia Bayerns Justizminister Georg Eisenreich reichen die von Facebook in Aussicht gestellten besseren Auskunftsmöglichkeiten für die Strafverfolgungsbehörden nicht aus. Er betonte, dass Facebook zwar eine bessere Zusammenarbeit angekündigt hat, wenn es um Hasskriminalität...