Tag Archives: Facebook

It’s never a good sign when a company is forced to leave something it’s created behind, but in the case of Facebook and Libra, the danger is all too real.Libra Is Heading for the “No Fly” ZoneFollowing his recent testimony before Congress regarding the new financial platform, Mark Zuckerberg announced that if Libra moves forward without congressional approval, Facebook would be forced to leave the Libra Association.This is not a good sign. First off, Facebook is the initial creator of the...

Hunter Horsley is the former product manager of Facebook. He now heads the Bitwise Asset Management firm and was largely responsible for the submittal of the company’s latest bitcoin-based exchange-traded fund (ETF) proposal that the Securities and Exchange Commission (SEC) so unceremoniously rejected.Horsley Has His Own Thoughts on LibraLibra – the famed cryptocurrency from Facebook that’s set for a 2020 debut – has been at the center of heavy attention as of late, and many regulators,...

Over the years, Facebook has had more than its fair share of problems that revolve around the privacy and authenticity of the content found on its platform. There have been many cases of reported breaches causing private data of many of its users to fall into the hands of others, without the users’ consent. There have also been stories surrounding the dissemination of a lot of false or harmful information and even advertisements, on Facebook.On Wednesday, during a biting hearing for...

Although China has introduced an absolute ban on cryptocurrencies in 2017, the country has been making major developments in the blockchain space. Currently, China holds the most number of patents in the blockchain sector, leading its rival U.S. by a considerable margin.In a move to dominate the blockchain industry, Chinese president Xi Jinping has urged the country to accelerate the adoption of blockchain technologies. In the future, the country with higher technological superiority will...

Well, here’s something we thought we’d never hear from Mark Zuckerberg. He’s willing to comply to the fullest extent, it seems.Is Zuckerberg Ready to Throw in the Towel?Yesterday, the Facebook CEO had the heat laid on his shoulders by members of the U.S. Congress. It appears that many are simply not happy with how Libra has handled itself, and don’t trust Zuckerberg or his team to adhere to the “appropriate” financial goals. This includes blocking attempts at money laundering and other...

The AT&T-backed CNN is allegedly working to found its own news aggregation service that allegedly would be something similar as is Apple News and Apple News+.The project dubbed “NewsCo” will compete with the already existing Facebook‘s and Apple’s domination by offering its consumers one more venue where they can get all possible information both local and global, together with its existing web and broadcast operations.For now, twelve engineers and other executives are working on this...

PayPal Holdings Inc. has announced its earned figures in its quarterly report for the third quarter, showing a notable increase in the company’s volume of total payment. According to its report, the company pulled in a $4.38 billion revenue, representing a 19% increase.Furthermore, the company’s earnings per share also increased, going higher than the proposed estimate by market analysts. Experts had estimated a 52 cents per share earnings but PayPal surpassed this, hitting 61 cents which is...

In what has been seen by many to be a gutsy move Facebook is set to create a separate tab on users’ timelines for news which will be driven by content from major news organizations. Sources indicate that as early as tomorrow the tab will be available on users’ timelines and that the news will come from high authority websites that are owned by major news organizations.This new initiative is just what Mark Zuckerberg previewed during his testimony. “Later in this week we actually have a big...

Photo: Tim Reckmann / FlickrBitcoin had experienced low volatility consolidation in recent weeks. However, the consolidation phase was ended abruptly with a violent drop of almost 10% on October 23 to fall near a 5-month low. At 12:50 UTC, the flagship cryptocurrency plunged by around $500 in 15 minutes to hit a low of $7,500.Bitcoin price reached the lowest level since June 10 as recorded by Bitstamp. After showing mild signs of an upward trend above $8,000, the leading digital token...

China’s internet and communications giant Tencent has recently raised concerns that if Facebook succeeds in its Libra launch by 2020, local Chinese payment service providers like WeChat pay and Alipay would face major threats in global markets.Tencent recently published a blockchain whitepaper in Chinese, wherein it calls Facebook’s Libra initiative as “bold and radical” as well as “prudent and rational”. The Chinese tech giant explains how Libra can quickly make inroads in markets where the...