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“# Facebook’s Libra to reportedly launch in January 2021 as USD stablecoin ” The long-awaited digital currency Libra could finally see the light of day as soon as January 2021, according to a new report. Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United…
“# Facebook’s Libra hires former OCC prosecutor and central bank expert ” The Libra Association, which manages Facebook’s quiet cryptocurrency project, has appointed a general counsel to oversee the development of its forthcoming payment system. In an official press release, the Libra Association Wednesday introduced Saumya Bhavsar as the new general counsel of Libra Networks,…
“#Malaysian lawmaker calls for hate speech law after Reuters’ Rohingya report” KUALA LUMPUR – An opposition lawmaker called on Tuesday for Malaysia to outlaw online hate speech, accusing authorities of downplaying the gravity of an issue highlighted by a Reuters investigation into abuse on Facebook of Rohingya refugees and undocumented migrants. Citing the Reuters report…
“# BIS report suggests ‘embedded‘ monitoring tool for stablecoins ” Facebook’s proposal for its digital currency, Libra, was a wake-up call for international regulatory agencies, finance ministries and central bankers. All these actors recognized that the company’s reach across its three platforms had the potential to accelerate adoption of a global stablecoin to an unprecedented…
“#Targeting Trump fans, QAnon ad slips through Facebook’s filters” Despite Facebook’s efforts to tamp down on the fringe conspiracy QAnon movement, its backers are still finding ways to push its message on the platform — even paying Facebook to do so. Just days after announcing last month that it would ban QAnon theories from the…
“#Facebook’s new ‘Drives’ help collect food and clothing for people in need” Facebook today announced a new feature called Drives. No, that’s not a ‘drive’ in the sense of yet another cloud storage service, but instead in the sense of “clothing drive” or “food drive.” It builds on the social network’s fundraising tools for emergencies…
“#Facebook plans COVID vaccine push to win over Biden: report” Facebook is planning to encourage users to get vaccinated for coronavirus in an effort to win over Joe Biden’s incoming administration, a new report says. The social network is considering placing a banner at the top of its news feed encouraging users to take a…
“# US Fed researcher says CBDCs should beat Big Tech payments on privacy protection ” Cash usage has lost a ton of ground to digital payments as the pandemic has changed the way people transact worldwide. Some experts have recently argued that central bank digital currencies could solve the problem of leaving that payments data…
“#Will Smith Gets Emotional Discussing Feud With Janet Hubert On A Special Red Table Talk ” The healing continues for Will Smith following an emotional sit-down with his former Fresh Prince of Bel-Air co-star Janet Hubert. As we reported, the pair of actors finally ended their decades-long feud during the epic reunion special, which aired…
“#Facebook patches a Messenger bug that allowed others to snoop on your calls” We often joke around that hackers or government agencies are listening to our calls. Facebook just patched a bug that would’ve allowed anyone to snoop on your calls on Messenger. The bug was found by Google Project Zero researcher Natalie Silvanovich last month, and…