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Here’s how anonymized personal data should be used to create better services
Ask anyone their opinion on companies using their data and the response will almost always be negative. It’s not surprising; revelation after revelation has revealed that the likes of Google and Facebook not only profit off of user data, but are often reckless or intrusive in the way that they do so. дальше »
2019-8-12 23:13 | |
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Walmart’s coin could gain approval from regulators easier than Libra, says top investment bank
Walmart’s prospective USD-backed stablecoin should be looked upon more favorably by regulators than Facebook’s Libra, according to U. S. investment banking and financial services company, Cowen, Bloomberg reported. дальше »
2019-8-6 12:57 | |
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Monex Group Interested in Joining Facebook’s Libra Consortium
Oki Matsumoto, President of Monex Group, a Japan-based financial services company backing the Coincheck cryptocurrency exchange, is interested in participating in Facebook’s Libra cryptocurrency project and has submitted an application to that effect, according to a Reuters Japan report on July 26, 2019. дальше »
2019-7-28 23:00 | |
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India doesn’t want WhatsApp sharing your payment data with Facebook
Even as WhatsApp readies to launch its mobile payment service in India later this year, the government is concerned about its privacy and security ramifications. “Indian authorities are concerned that WhatsApp‘s payment service might share user data with group companies Facebook and Instagram, compromising the security, privacy and non-commercial information of its subscribers,” according to a report from the Economic Times. дальше »
2019-7-26 09:40 | |
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EU and US Crypto Regulations Show a Stark Contrast
Facebook's decision to enter into the realm of financial services spurred lawmakers around the world into action, necessitating a discussion of EU and US crypto regulations, which are very different from each other. дальше »
2019-7-23 17:11 | |
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Breaking Down The Facebook Libra Hearings
Facebook’s libra is under the scrutiny since pretty much everyone is freaking out that a company that’s run by a fun-sized Chucky doll is jumping in the cryptocurrency water. Watch the video to see the latest news on Facebook Libra hearings at House Financial Services Committee. дальше »
2019-7-20 21:57 | |
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Libra is Not Bitcoin, CoinShares Exec Testifies Before US Congress
Facebook cryptocurrency Libra is an imitator of Bitcoin, Meltem Demirors of CoinShares testified before the US Congress on Wednesday. The chief strategy officer appeared before the House Financial Services Committee to explain the difference between Bitcoin and thousands of cryptocurrency projects that takes inspirations from it. дальше »
2019-7-18 16:00 | |
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Facebook's House Committee Focuses Heavily On What Exactly Libra Is
With yesterday's Senate hearing centering on lawmakers' distrust of Facebook, the social media giant's House Financial Services Committee hearing focused much more on what exactly Libra is and saw regulators speaking in a surprisingly positive manner about Bitcoin. дальше »
2019-7-18 00:08 | |
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Rep. Patrick McHenry: Libra Can be killed, But You Can’t Kill Bitcoin
US congressman Patrick McHenry was a guest at CNBC’s Squawk Box where he weighed in on Facebook’s Libra and bitcoin following Libra’s hearing before the Senate at Capitol Hill. Patrick presently represents the 10th District of North Carolina and is also a ranking member of the Financial Services Committee. дальше »
2019-7-18 20:54 | |
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Facebook Hawks Libra as Western Union 2.0 Amid Capitol Hill Slugfest
House Financial Services Committee Chairwoman Maxine Waters has been on a crusade against Facebook’s entry into cryptocurrency via the Libra project. Her rampage continued on Wednesday during a second day of congressional hearings devoted to Libra. дальше »
2019-7-18 20:40 | |
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Watch: Facebook’s Crypto Chief Suffers Brutal Senate Backlash
The US Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Facebook’s Libra project this morning, with Facebook crypto chief David Marcus in the hot seat. After a lengthy introduction by Idaho Senator Mike Crapo in which he called Facebook’s aims “commendable,” the committee discussed the potential ramifications of Facebook banking services. дальше »
2019-7-17 20:20 | |
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“Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions
A recent bill, “Keep Big Tech Out Of Finance Act,” recommends prohibiting giant tech firms from serving as financial institutions or launching their own cryptocurrency. Likely geared toward Facebook, the bill was reviewed by Democrats that oversee the House Financial Services Committee. дальше »
2019-7-16 18:38 | |
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‘I Like Bitcoin’ Not Facebook Libra, House Rep. Kevin McCarthy Admits
US House Representative Kevin McCarthy said he likes bitcoin because of its decentralized nature and security. The minority leader praised the cryptocurrency’s underlying blockchain ledger technology for protecting users’ privacy, a feature that is otherwise missing across centrally-controlled financial services. дальше »
2019-7-16 18:00 | |
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US Committee Plans to Ban Facebook Cryptocurrency Libra
The House Financial Services Committee in the United States is set to discuss the future of Facebook’s upcoming cryptocurrency, Libra, on Tuesday. The head of the committee, Democratic Congresswoman Maxine Waters, last week proposed legislation which details rules that would ban Facebook and other technology firms from developing and launching financial services. дальше »
2019-7-16 15:00 | |
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With Facebook’s Libra Congress Hearings Imminent, Will Bitcoin Price Plummet or Foray Higher?
Facebook’s Libra has been knee-deep in criticism ever since it was unveiled. Another hurdle that Facebook is currently facing is testifying during US governmental hearings. David Marcus, the head of the Calibra wallet, will be testifying before the Senate Banking Committee and the House Financial Services Committee on Tuesday 16th and Wednesday 17th respectively. дальше »
2019-7-16 10:24 | |
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U.S Government Seeks to Ban Facebook, Others, from Financial Services including Cryptocurrency
In what can only be interpreted as a crackdown on the growth of digital assets in the United States, the House Financial Services Committee’s Democratic majority is currently circulating a new proposal for discussion. дальше »
2019-7-16 20:08 | |
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Why Congress’ New Draft Bill Is Bullish For Bitcoin
US lawmakers are mulling a new bill that will boost bitcoin and prohibit tech monopolies from launching their own cryptocurrencies. The draft discussion has surfaced ahead of Facebook’s scheduled congressional hearing this week on the Calibra crypto project. дальше »
2019-7-14 15:00 | |
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Facebook’s Libra crossed the Atlantic to Switzerland for regulatory certainty, claims US Congressman
Facebook crossed the Atlantic, leaving US Congressmen pointing fingers. Libra, the cryptocurrency project launched by Facebook could be left in the docks before it sets sail for Switzerland. After running into harsh winds at the hands of Jerome Powell, Federal Reserve Chair during his hearing before the House Financial Services Committee, the prospects for Facebook […] The post Facebook’s Libra crossed the Atlantic to Switzerland for regulatory certainty, claims US Congressman appeared first on AMBCrypto. дальше »
2019-7-11 18:30 | |
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Altcoins fall below key support levels
The cryptocurrency market crashed by a strong margin with many altcoins falling below key levels. At press time, the collective market cap stood at $311 billion. The latest bearish trend came right after the US Federal Reserve chairman, Jerome Powell’s latest comment before the US House of Representatives Financial Services Committee, where he warned that Facebook’s Libra […] The post Altcoins fall below key support levels appeared first on AMBCrypto. дальше »
2019-7-11 11:00 | |
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Facebook Assures Senate Committee That They Will Play by the Rules
David Marcus, the head of Calibra, wrote a letter to the House Financial Services Committee solidifying Facebook’s stance that they will ensure customer privacy and are taking their time to roll out Libra, allowing it to be done correctly, as reported by The Hill. дальше »
2019-7-10 13:00 | |
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Circle CEO: Crypto “Mega Trend” is Here to Stay, Will be Bigger than the Web
The CEO of crypto financial services company Circle has said that Facebook’s Libra digital currency proves that crypto assets are here to stay. Jeremy Allaire also seemed optimistic that the newly-detailed project would be good long-term for Bitcoin. дальше »
2019-7-4 00:00 | |
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US Congress Requests Moratorium on Facebook’s Libra Stablecoin
The U.S. House of Representatives Committee on Financial Services requested that Facebook imposes a moratorium on the development of its stablecoin
дальше »2019-7-4 20:58 | |
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4 US House Reps Open Letter: Facebook’s Libra Has ‘Serious Privacy and Monetary Policy Concerns’
As many of our regular readers may already be aware of, Maxine Waters — Chair of the House Financial Services Committee — recently called for a meeting to discuss the development of Libra, Facebook’s much-hyped cryptocurrency offering. дальше »
2019-7-3 16:29 | |
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New Jefferies Survey Shows Users In The US Unlikely To Use Facebook’s Libra Cryptocurrency
According to a recently released research conducted by the financial services company Jefferies, U.S. social media users are unlikely to use Facebook’s new virtual currency Libra. The survey included more than 600 participants and 80% of them answered that they were “unlikely” or “very unlikely” to use the digital asset released by Facebook. Will US […] дальше »
2019-7-2 17:32 | |
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Facebook’s Libra might not be as welcome as previously thought, reveals survey
The introduction of Facebook’s Libra and its corresponding whitepaper has hyped regulators left and right, with many in the U. S and E. U asking Facebook to withhold any and all development, until after the regulators had finished analyzing the effects of the digital coin. дальше »
2019-7-2 16:30 | |
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Calibra Begins BitLicense Application Process
Calibra, the Facebook subsidiary that will develop the Libra wallet, has registered as a money services business with the US Financial Crimes and Enforcement Network, applied for US money transfer licenses, and has now begun the process to receive the coveted BitLicense from the New York State Department of Financial Services. дальше »
2019-7-2 22:00 | |
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Facebook’s Project Libra Gets Demolished By BitMEX’s Op-Ed By CEO Arthur Hayes
Facebook has recently released a new project called Libra that aims at helping users transact funds between borders, make payments and purchase things, including goods and services. However, there are many crypto enthusiasts that are not so excited about Facebook’s new project. дальше »
2019-6-29 01:36 | |
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WhatsApp tests letting you share your Status to Facebook and other apps
Though WhatsApp is owned by Facebook, plenty of the app’s users are happy to ignore the fact the big blue parent network exists. Somewhat surprisingly, Facebook has been content to let WhatsApp do its own thing since its $19 billion purchase back in 2014. дальше »
2019-6-27 03:04 | |
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US Congress Calls For Second Hearing on Facebook’s Libra in July
Coinspeaker US Congress Calls For Second Hearing on Facebook’s Libra in JulyThe chairwoman of the House Financial Services Committee Maxine Waters announced that the panel will hold the second hearing next month on Facebook’s plan to develop a cryptocurrency-based payments platform Libra. дальше »
2019-6-25 11:04 | |
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The Mother of Central Banks Sounds the Alarm on Facebook's Cryptocurrency Libra
The Bank for International Settlements (BIS), an institution owned by the world's central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system. дальше »
2019-6-25 16:18 | |
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The Mother of Central Banks Sounds the Alarm on Facebook’s Cryptocurrency Libra
The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system. дальше »
2019-6-24 16:18 | |
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BIS: Facebook’s Foray into Cryptocurrency Poses New Risks for Banks
The Bank of International Settlements warns that financial services offered by big techs such as Facebook, Google and Amazon could create new risks for the banking sector
дальше »2019-6-25 10:05 | |
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Facebook to Testify Before U.S Authorities on July 16
The United States Senate Banking Committee has announced a July 16, 2019 hearing date for Facebook’s Libra cryptocurrency project according to a MarketWatch report on June 19, 2019 More Clarity Required On June 18, 2019, reports emerged that Rep. дальше »
2019-6-22 13:00 | |
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‘A Clear Threat’: Big Four Australian Bank Fears Facebook’s Crypto Libra
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. дальше »
2019-6-21 10:21 | |
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Maxine Waters Looks to Stall Facebook on Libra, Zuck Wins Regardless
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. дальше »
2019-6-19 21:10 | |
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Власти США просят Facebook отсрочить продвижение их криптовалюты
Член Палаты представителей США Максин Уотерс призвала крупнейшую социальную сеть Facebook прекратить работу над проектом Libra. Об этом в серии твитов сообщил репортер CNN Брайан Фанг. По словам Фанга, конгрессмен Уотерс назвала новую инициативу «еще одним примером неконтролируемой экспансии Facebook». дальше »
2019-6-19 11:10 | |
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Американские конгрессмены призвали Facebook приостановить работу над криптовалютой Libra
Член Палаты представителей США Максин Уотерс призвала крупнейшую социальную сеть Facebook прекратить работу над проектом Libra. Об этом в серии твитов сообщил репортер CNN Брайан Фанг. По словам Фанга, конгрессмен Уотерс назвала новую инициативу «еще одним примером неконтролируемой экспансии Facebook». дальше »
2019-6-19 09:48 | |
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Zilliqa Big Debut Is Tomorrow: Is It Linked to Facebook?
Coinspeaker Zilliqa Big Debut Is Tomorrow: Is It Linked to Facebook?There are 3 vertical markets Zilliqa wants to tackle: gaming, entertainment and financial services. While the company aims to become a competitor to the likes of Visa or Mastercard, there’re rumors over its links to Facebook. дальше »
2019-6-17 12:27 | |
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Zilliqa Big Debut Is Tomorrow: Denying Being Linked to Facebook
Coinspeaker Zilliqa Big Debut Is Tomorrow: Denying Being Linked to FacebookThere are 3 vertical markets Zilliqa wants to tackle: gaming, entertainment and financial services. While the company aims to become a competitor to the likes of Visa or Mastercard, there’re rumors over its links to Facebook. дальше »
2019-6-17 12:27 | |
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Remember MySpace? Underestimate Facebook Crypto at Your Own Peril
By CCN Markets: When it comes to what’s gone wrong with Big Tech, the only surprise you would expect is if Facebook was missing from the list. From data privacy violations to aiding genocide to enhancing the spread of fake news, the social media giant has become a global ignominy. дальше »
2019-6-16 18:37 | |
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Facebook Exec Confirms New GlobalCoin Stablecoin Will Be Linked To A Variety Of Currencies
Facebook Exec Confirms New Stablecoin Will Be Linked To Multiple Currencies The details surrounding the upcoming GlobalCoin from Facebook have been minimal. However, when the head of financial services and payment partnerships for Northern Europe, Laura McCracken, spoke with a German business magazine this week, she said that the stablecoin would not be pegged to […] дальше »
2019-6-7 21:51 | |
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Facebook bans Huawei from pre-installing its apps, but does it matter?
Another company joined the long list of organizations that’s cut ties with Huawei. According to a report by Reuters, Facebook has banned the Chinese tech company from pre-installing its apps – Facebook, Instagram, and WhatsApp – on Huawei phones. дальше »
2019-6-7 15:10 | |
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