Facebook’s Crypto Boss Is Surprisingly Bullish On Bitcoin

Facebook’s Crypto Boss Is Surprisingly Bullish On Bitcoin

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The bitcoin and cryptocurrency industry has struggled with social media giant Facebook’s troubled plans to launch a bitcoin rival, dubbed libra, next year. Some have suggested technology companies would be better off adopting bitcoin than attempting to create a centralized alternative, as micro-blogging platform Twitter is doing. Now, Facebook’s head of cryptocurrency projects, David Marcus, has said that he
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Facebook’s Libra Association has now lost a quarter of its original members

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The news seems to be going from bad to worse for Facebook’s cryptocurrency project, as online travel company Booking Holdings has stepped away from the nonprofit Libra Association. As Bloomberg reports, that means seven of Libra’s original 28 members have exited the project. SEVEN OF 28 FOUNDERS ARE OUT Facebook announced in June that it would launch Libra, an ambitious
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Why so many companies bailed on Facebook’s Libra project at once

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When Libra launched on June 18th, it seemed like an alarming new front in Facebook’s megalomaniacal expansion. Having captured billions of users and tens of billions of dollars in annual profits, the company would now be taking over currency itself. The company’s head of blockchain, David Marcus, laid out his plan for Libra in a detailed
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Data is not oil, no need to hoard it: Facebook’s Nick Clegg

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NEW DELHI: US social media major Facebook has called on India to allow free flow of data across borders to discover its true value, urging against “hoarding” it. “There are many in India and around the world who think of data as the new oil, and that, like oil, having a great reserve of it held within your national boundaries
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Facebook’s emails reveal Cambridge Analytica complaints started months earlier than originally claimed

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The Cambridge Analytica scandal rocked Facebook when it came to light last year, but newly revealed documents containing internal Facebook conversations released jointly by Facebook and the District of Columbia attorney general show that the company was already investigating complaints about Cambridge Analytica potentially abusing data as early as September 2015, months before the December date that Facebook has
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Facebook’s Bizarre Response To Privacy Scandals? New Pop-Up Cafés

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There are many ways that Facebook could tackle its struggling reputation for user privacy and data protection, and opening up “Privacy Cafés” where users can check their settings and seek expert advice isn’t the first one that springs to mind. But that’s exactly what the social media giant has decided to do. “At our pop-up cafés,” explains
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EU says sites using Facebook’s Like button are responsible for your data

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The highest court in the EU has issued a ruling that affects websites using Facebook’s Like button plugin. It determined sites should obtain the consent of visitors before the plugin captures and sends their data to Facebook, whether or not you click the Like button. Alternatively, sites will have to prove there’s a legitimate reason for collecting data
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Facebook’s Instant Games will no more be available on Messenger

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SAN FRANCISCO: Social networking giant Facebook is removing its feature Instant Games out of Messenger and adding it to the Facebook Gaming tab on the main app. “With our focus on creating a central Instant Games experience on Facebook, and as Messenger moves to be faster, lighter and simpler, we recently started migrating Instant Games
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Facebook’s Libra Is Already Ahead Of Ethereum, Litecoin, And Ripple’s XRP–But Not Bitcoin

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Bitcoin has been around for a little over a decade, while its biggest competitors ethereum, litecoin, and Ripple’s XRP have been knocking around for between seven and four years—but all save bitcoin are already being eclipsed by Facebook’s yet-to-launch libra cryptocurrency. The bitcoin price has surged over recent months as interest surrounding social media giant Facebook’s planned libra project reached
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Can You Trust Facebook’s Libra Cryptocurrency? Initial Regulatory Indicators Aren’t Exactly Positive

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We still don’t know for sure who Satoshi Nakamoto really is, but the hidden face behind that virtual name did say something that made a lot of sense. Back in 2009, when the entity who liked to go by the name of Nakamoto developed a new peer-to-peer digital cash system, called bitcoin. At that time,
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