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Libra’s critics are missing the forest for the trees

Libra’s critics are missing the forest for the trees Nik Milanovic Contributor Share on Twitter Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. More posts by this contributor Libra’s critics are missing the forest for the trees What […]

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Libra claims 180 potential replacements for 7 mutineers

Libra claims 180 potential replacements for 7 mutineers Attempting to signal its popularity despite high-profile defections from Visa, Stripe, and more, the Facebook-led cryptocurrency Libra Assocation announced that 1,500 organizations have expressed interest in joining the Libra project. 180 of those meet eligibility requirements to become members, which could replace the 7 […]

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Facebook fails to keep Messenger Kids’ safety promise

Facebook fails to keep Messenger Kids’ safety promise Facebook’s messaging app for under 13s, Messenger Kids — which launched two years ago pledging a “private” chat space for kids to talk with contacts specifically approved by their parents — has run into an embarrassing safety issue. The Verge obtained messages sent by […]

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Congressional testimony reveals some faults in Facebook’s digital currency plans

Congressional testimony reveals some faults in Facebook’s digital currency plans As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces significant obstacles to enacting its plans from both sides of the Congressional […]

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Facebook’s regulation dodge: Let us, or China will

Facebook’s regulation dodge: Let us, or China will Facebook is leaning on fears of China exporting its authoritarian social values to counter arguments that it should be broken up or slowed down. Its top executives have each claimed that if the U.S. limits its size, blocks its acquisitions, or bans its cryptocurrency, […]

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Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security

Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security A Swiss regulatory agency that Facebook executive David Marcus said in Congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has not been contacted by Facebook, according to […]

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Highlights from Facebook’s Libra Senate hearing

Highlights from Facebook’s Libra Senate hearing Facebook will only build its own Calibra cryptocurrency wallet into Messenger and Whatsapp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking Committee today. Calibra will be interoperable so users can send money back and forth with other […]

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We still don’t know how much of Libra Facebook owns

We still don’t know how much of Libra Facebook owns The $10 million entry fee to join the Facebook-developed cryptocurrency’s Libra Association is merely a minimum. Members who’ll verify transactions can opt to invest more in exchange for more Libra Investment Tokens that will earn them dividends from the interest earned by […]

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Chat app Line to launch crypto exchange in July but it won’t cover US or Japan

Chat app Line to launch crypto exchange in July but it won’t cover US or Japan Messaging app firm Line has confirmed it will launch a cryptocurrency exchange called BitBox next month. The company said back in January that it planned to enter the crypto space with an exchange, but today it […]

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Messenger chief leaving role to explore blockchain tech for Facebook

Messenger chief leaving role to explore blockchain tech for Facebook After four years at the helm of Messenger, David Marcus will be leaving the team to lead a small group of Facebook employees to explore what blockchain technologies can do for the social media giant. In a post on Facebook, Marcus noted […]

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