Altcoin News Cryptocurrency News facebook japan Libra 

Japan Studies Libra as Global Criticism on Facebook’s Cryptocurrency Intensifies

When it comes to Facebook’s Libra digital currency not even one of the most crypto-friendly countries in the world is turning a blind eye to social media giant’s cryptocurrency plans and hoping all will work out well magically. Rather, Japan is taking proactive steps to understand Libra’s potential ramifications even before the cryptocurrency has gotten off the ground. According to Reuters, Japan has now set up a working group charged with the responsibility of figuring out the potential impact of Libra on financial regulation, tax payments, financial transactions and monetary…

Read More
Blockstack Cryptocurrency News facebook Libra Op-ed 

Blockstack CEO ‘Cautiously Optimistic’ on Facebook’s Libra

Blockstack is having a big day today, launching the world’s maiden regulated token sale. So far, the deal appears to be a resounding success, with CoinList “experiencing heavy load” and “adding more server capacity.” Muneeb Ali, Blockstack CEO and Co-Founder, doesn’t seem to mind sharing the spotlight with another hot crypto-related project – Facebook’s Libra. While the crypto community has had a mixed response to Libra, Ali is willing to go out on a limb for them despite the obvious privacy issues plaguing Mark Zuckerberg and Facebook. Ali is focused on…

Read More
facebook Instagram U.S. Business News 

Instagram to Use AI to Censor Mean Comments

Instagram will soon trial a new AI-powered system for dealing with online bullying and abuse. Currently, the Facebook-owned social media platform uses a conventional human-dependent system for dealing with this issue that relies on users flagging and reporting comments as spam, abuse, or hate speech. On Monday, however, Instagram Head Adam Mosseri reportedly revealed that the company has started testing a new feature that uses AI to notify users if a comment they just posted is offensive. Even more ominously, Mosseri also revealed that the platform will shortly begin trialing…

Read More
Cryptocurrency News facebook Libra Mark Zuckerberg Op-ed 

Mark Zuckerberg Defends Libra, Says Facebook Only Has One Vote

Mark Zuckerberg provided some rare commentary on Facebook’s new Libra cryptocurrency project. CNBC’s Fast Money posted the soundbite to Twitter: “Building a financial system is not the kind of thing that a company can do by itself. So we played a role in helping to stand this up. But the Libra Association is an independent organization, and we will have one vote in it… By the time it launches, hopefully we will have 100 co-founding companies.” Take a listen to what @facebook founder Mark Zuckerberg just said about the launch…

Read More
Cryptocurrency News facebook fitch ratings Libra U.S. Business News 

Big Three Credit Rating Agency Fitch Touts Facebook’s Fiat-Backed Libra

As the wave of interest in Facebook’s stablecoin Libra continues around the world, it appears that Mark Zuckerberg’s foray into digital currencies has a new and powerful ally. Fitch, one of the big three credit rating agencies, gave it a thumbs up in a recent report. Fitch in Love with Facebook’s Fiat-Backed Libra What is it precisely that Fitch has fallen in love with? Well, in praising the centralized token, Fitch focuses on Libra’s fiat-backed status: “A potential advantage of Libra versus other cryptocurrencies is its full backing by a…

Read More
* Cryptocurrency News facebook FinTech News Libra 

Big Four Australian Bank Fears Facebook’s Crypto Libra

Published: 20/06/2019 03:21 ET. Journalist: By CCN Markets: Facebook’s foray into cryptocurrencies with Libra has met with a ton of mixed reactions. While some are going gaga over the social media giant’s latest effort that’s supposed to enable cross-border payments at the tap of a button, the traditionalists are taking a dim view. Governments across the globe are calling for strict scrutiny and regulation of Libra, but there’s one category of people who are really afraid of what Facebook’s cryptocurrency can do. Facebook takes aim at the banking system Banks,…

Read More
* Cognizant facebook Mark Zuckerberg Op-ed U.S. Business News 

“It’s Like a Sweatshop in America” – One Contractor has Died & Many Fear for Their Lives

Published: 19/06/2019 21:13 ET. Journalist: By CCN Markets: An exposé published at revealed at least one Facebook moderation center is akin to a third world sweatshop. This should come as no surprise given what we already know about Facebook’s company culture. Facebook Whistleblowers Step Forward Facebook outsources moderation services to Cognizant, a publicly-held $35 billion firm that apparently does not care about its work conditions. Three anonymous Facebook contractors breached their non-disclose agreements to inform TheVerge about the conditions. They include death of one worker via heart attack, filthy…

Read More
* Cryptocurrency News facebook Libra Mark Zuckerberg maxine waters Op-ed 

Maxine Waters Looks to Stall Facebook on Libra, Zuck Wins Regardless

Published: 19/06/2019 14:10 EST. Journalist: By CCN Markets: House Financial Services Committee Chairperson Maxine Waters (D-Calif.) requested that Facebook hold off on developing its crypto, which is named Libra. Facebook Request Cuts Both Ways There are two ways to examine Rep. Waters’ request. First, it’s a good thing for cryptocurrency whether Facebook honors her request or not. Second, Rep. Waters is assisting the public by stalling investment in another dangerous cryptocurrency. Maxine Waters said: “With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion…

Read More
* Altcoin News Altcoin Price Analysis Calibra Cryptocurrency News facebook Libra litecoin 

Litecoin Price Gains Despite Facebook’s Libra Stealing Altcoins’ Thunder

Published: 19/06/2019 07:37 EST. Journalist: By CCN Markets: Litecoin (LTC) entered a positive territory on Wednesday while other top cryptocurrencies trended flat as investors became cautious following the introduction of the Facebook token, Libra. The LTC-to-dollar exchange rate established an intraday high of $139.66, up more than 3 percent since the Asian session open. The upside action neutralized the pair’s losses in the past seven days. At the same time, it brought Litecoin’s month-to-date gains to 26 percent, with a market value of approx $3.94 billion. Litecoin Price Surging Higher…

Read More
* Altcoin News Cryptocurrency News facebook Headlines Libra Nouriel Roubini 

Bitcoin Basher Nouriel Roubini Labels Facebook’s Libra a ‘Monopoly Scam’

Published: 18/06/2019 11:05 EST. Journalist: By CCN Markets: Avowed Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has found another target – Facebook’s upcoming cryptocurrency Libra, on the day of its announcement. According to the New York University economics professor, Libra is ‘blockchain in name only’. Roubini: Libra is just another profit driver for Facebook Further, Roubini argued that Facebook’s cryptocurrency was only designed to grow the social media giant’s profits. Per Roubini, Libra is a ‘monopoly scam’ given that Facebook boasts of billions of users spread across the world. And in…

Read More