facebook Libra Mark Zuckerberg Op-ed U.S. Business News 

Facebook Contractor Spies on Horrified Moderators. When Does It End?

A Facebook partner is spying on its own traumtized content moderators, giving us even more reasons to distrust Mark Zuckerberg’s company. | Source: AFP PHOTO / Brendan Smialowski Facebook released a video last year apologizing for its data misuse that likely swayed the 2016 election. It ends by saying “if this place does what it was built for, we all get a little closer.” That is the problem, Facebook. It’s time to back off. The Intercept just released an exposé detailing how managers at the Austin, Texas outpost have been…

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Cryptocurrency News germany Libra Mark Zuckerberg U.S. Business News 

Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra

Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying,  “The issuance of a currency does not belong in the hands of a private company because this is a core element of state sovereignty.” “The euro is and remains the only legal means of payment in the euro area.” Germany Is Not the Only Country Reluctant on Libra The quote…

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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…

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* 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 TheVerge.com 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…

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* 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…

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Altcoin News Crypto facebook GlobalCoin Mark Zuckerberg Stablecoins U.S. Business News 

Facebook’s Cryptocurrency Will Pay Interest to Users: Blockchain Regulator

By CCN Markets: Facebook’s GlobalCoin cryptocurrency will likely pay interest to its users. That’s the prediction of Wyoming Blockchain regulator and crypto champion Caitlin Long. The social media company is gearing up to announce its much-hyped cryptocurrency this month, but very little is still known about the project, known internally as Project Libra. On Sunday, Long shared some predictions about how the cryptocurrency might work and how it will impact the crypto industry. “Facebook will pay interest to users of its cryptocurrency, which will eventually lead to populist calls to repeal…

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Bitcoin Exchange Cameron and Tyler Winklevoss Crypto facebook Mark Zuckerberg U.S. Business News 

It’s Water Under the Bridge as Zuckerberg & Winklevii Talk Crypto: Report

By CCN: Mark Zuckerberg has been collaborating with his old rivals, the Winklevoss twins, to launch a digital currency that can be used across Facebook, WhatsApp, Instagram and beyond, according to a report in the Financial Times. Facebook’s cryptocurrency, reportedly dubbed GlobalCoin, is expected to make its debut next year. The FT reports that Facebook is talking to crypto exchanges including Gemini, which was founded by Tyler and Cameron Winklevoss, in addition to Coinbase. The concept is that users of Facebook’s payment crypto would have the option to potentially hold…

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Crypto facebook FinTech News Mark Zuckerberg Project Libra Stablecoins switzerland 

Facebook Unexpectedly Plants Its Flag in Crypto-Friendly Switzerland

By CCN: Facebook has reportedly set up a fintech company dubbed Libra Networks in Switzerland. The move clearly correlates with the social media giant’s Project Libra. According to Reuters, the focus of the fintech is on the blockchain, payments, data analytics, and investing. Libra Networks, which was registered in Geneva on May 2, will provide financial and technology services. Also in its wheelhouse will be developing related hardware and software. Another Secret Move Famed investor Michael Novogratz recently called Project Libra “stunningly important” to the crypto space. Given Facebook’s history…

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Crypto facebook Mark Zuckerberg U.S. Business News 

Facebook Hunts E-Commerce, Payment Partners for Crypto Push: Report

By CCN: The crypto community hasn’t scared Mark Zuckerberg away from his cryptocurrency ambitions, at least not yet. New details have emerged in a Wall Street Journal report indicating that Mark Zuckerberg’s company is actively looking to ink deals to back its cryptocurrency payments ecosystem. Facebook is reportedly in discussions with “dozens of financial firms and online merchants” to support the unveiling of its blockchain-based payments network. Facebook is looking to lasso $1 billion for its new cryptocurrency and has been in talks with some major players. Facebook Building Cryptocurrency-Based…

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bitcoin Bitcoin Services BNB Crypto facebook Mark Zuckerberg 

Facebook Awkwardly Blocks Aussie Restaurant from Bitcoin Payments Ad

By CCN: Origin Kebabs just wanted to let its followers know that four of its Queensland stores now accept bitcoin as a form of payment. Facebook wasn’t having it and blocked the Aussie restaurant from advertising on the social media platform. Someone might want to tell Mark Zuckerberg before he launches his own FaceCoin or they could find themselves in an awkward spot. Origin Kebabs posted: “So we tried to boost our “now we accept bitcoins” post and this is what FB has to say about it.” They pointed to…

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