Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO

While Facebook’s Libra project was said to already have 28 founding partners when unveiled last month, that isn’t quite the case, according to Visa’s CEO and board chairman, Alfred F. Kelly, Jr. In a Q3 2019 earnings call on Tuesday, Kelly responded to a question on his firm’s involvement with the Libra project from Bryan C. […]

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UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud Concerns

A parliamentary committee in the U.K. may move to probe Facebook’s Libra cryptocurrency project over fears it will wield too much power. Speaking to Financial News, Damian Collins, chair of the House of Commons’ Digital, Culture, Media and Sport Committee, said, given the company’s past poor record on privacy, he has concerns that Facebook can adequately […]

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WATCH: Lukka CEO Believes in a Future Full of Corporate Tokens

Jake Benson is a long-time industry entrepreneur and the CEO and Founder of Lukka, a comprehensive tool for calculating capital gains taxes for cryptocurrency. In this clip he and CoinDesk Editor Pete Rizzo talk about a future where corporate tokens aren’t a “surprise.” “It’s not a surprise to me that inevitably corporations they’re going after […]

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Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

Libra is a security, says a former Commodity Futures Trading Commission (CFTC) chairman in prepared remarks to the U.S. House of Representatives. Gary Gensler, who chaired the CFTC from 2009 to 2014 and previously held leadership roles at the U.S. Treasury Department, says in written testimony that Facebook’s new cryptocurrency project looks like an investment […]

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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 […]

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Facebook’s Libra Lacks Foundational Components for Crypto Key Security

Steven Sprague is one of the principal industry evangelists for the application of trusted computing technology. Steven served as president and CEO of Wave Systems Corp. for 14 years before transitioning to the board of directors. Recently, Facebook launched Libra with the stated goal of “transforming the global economy.” It’s a lofty aim. However, after […]

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Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class

Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in cryptoassets, with news and views on crypto infrastructure delivered every Tuesday. Sign up […]

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Facebook’s Libra Crypto Code Draws Critiques and Clones

The early-access code for Facebook’s Libra cryptocurrency hit GitHub two weeks ago — and in that time, critics and would-be trollers have taken aim at the project. Spun-up by the social media giant and presently managed by the non-profit Libra Association, the project on GitHub has been saved or “starred” by close to 10,000 users, […]

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Facebook Seeks Wallet Engineers as Blockchain Job Openings Top 30

Facebook is looking to hire more than 30 professionals to ramp up its blockchain work, including the Libra cryptocurrency. The social media giant’s career website now lists 31 job openings requiring some blockchain expertise. Six of them are for Calibra, Facebook’s wallet app for Libra. These are all jobs for data scientists and engineers, who […]

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What Indonesia Reveals About Facebook’s Libra Plan

Facebook published plans for the Libra cryptocurrency in seven languages, including Indonesia’s Bahasa – a move that offers perhaps the clearest glimpse of what Facebook’s fintech ascent might look like. “Indonesia has the fourth-highest number of Facebook users in the world,” Pang Xue Kai, co-founder of the Indonesian crypto exchange Tokocrypto, told CoinDesk. “If Facebook’s […]

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