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Facebook will not launch Libra cryptocurrency until regulators’ approval received

On Monday as part of prepared testimony for a July 16th Senate hearing, David Marcus said that Facebook would not proceed with the launch of Facebook Libra cryptocurrency until regulatory concerns are addressed. The Libra Association, which will manage the (Libra) Reserve, has minimal intention of competing with any sovereign currencies or entering the monetary […]

Facebook to pay $5 billion fine over user privacy violation

An extensive investigation into Facebook’s privacy practices has led to the Federal Trade Commission vote on fining the social network company a hefty $5 billion.  The Wall Street Journal, in an article dated July 12, reported that The Federal Trade Commission has endorsed a roughly $5 billion settlement with Facebook Inc. over a long-running probe […]

U.S. asks Facebook to shut its crypto currency and digital wallet project

Regulatory agencies worldwide have been appealing to Facebook to comply with regulations. In a letter dated July 2, members of the U.S. House of Representatives Committee on Financial Services, Rep. Maxime Waters and Rep. Carolyn Maloney, have sent a letter requesting an agreement to a moratorium of activities related to Libra and Calibra, to Facebook […]

Facebook’s first major update of civil rights audit

Facebook issued the first major update of 2019 on the progress of its ongoing civil rights audit. Facebook is making an internal civil rights task force permanent, COO Sheryl Sandberg said in a blog post. The Facebook task force, chaired by COO Sheryl Sandberg, follows pressure from civil rights groups and minorities who say the […]

Russia may not allow legalizing Facebook cryptocurrency

Russia will not legalize Libra’s digital currency, which Facebook plans to introduce into global circulation in 2020. This opinion was expressed by the chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov. According to him, citizens will be able to buy Facebook currency at foreign financial sites, but in Russia, the creation of such mechanisms […]

Facebook launches Libra, its own cryptocurrency to “reinvent the money”

Facebook will launch in 2020 its own currency: Libra. Users of WhatsApp and Messenger can exchange money from their digital wallet and Facebook will also offer the service as a standalone app. The presentation document states that the central objective of this new currency will be to facilitate the exchange of money in the developing […]

Study from Facebook app pays you in exchange for spying what you do with your mobile

At the beginning of the year, the news leaped: Facebook had a program to study the behavior of young people through a VPN, including minors, although the virtual private network, VPN Research dated back to 2016. The social network is back on track with the same concept of pay for personal data, now through the […]

Facebook takes new measures for Security Check

The Safety Check of Facebook will have its own tab within the social network menu. The verification that users are well in a crisis situation will be permanently on Facebook and in the section, you can get more information about the recent places where you have activated or how to help those affected. Facebook has […]

Facebook to release new versions of Portal video chat devices this fall

There has been a huge uproar over users’ privacy violation and content moderation practices by Facebook since last year. A number of implementations of new updates have not been able to meet the demands of securing the privacy of Facebook users which has led to some people abandoning Facebook service and a probable deduction in […]

Facebook’s cryptocurrency would stand to benefit greatly

After analyzing all publicly available information regarding the Facebook crypto launch, former Morgan Stanley executive, Caitlin Long, believes the move will inadvertently fuel Bitcoin adoption across the globe by exposing billions of Facebook users to the power of crypto. According to news reports, Facebook will shortly launch Libra, a global cryptocurrency available to users of […]

Facebook investors support changes in the company’s leadership

After a lot of controversy and scandals involving Facebook last year about the leak of data to create voters profiles, one of the largest in its history, the general shareholders meeting of the company last Thursday (30) wanted to give a new message to Mark Zuckerberg, the company’s current CEO. At that time, more than […]

Facebook to mainstream cryptocurrency in 2020 by rolling out ‘Global Coin’

Social media giant Facebook revealed that it is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020. Facebook has also confirmed the report that it wants to start testing its cryptocurrency that has been termed as ‘Global Coin’ by the end of this year. Facebook […]