Privacy Shocker: Did Facebook's Libra Plans Just Go Up in Smoke?

By CCN Markets: As if Facebook didn’t have enough privacy issues, the company now confirms that it has been transcribing the audio chats of its users for quite some time. Facebook Claims It Wasn’t Being Sneaky Facebook claims that the only conversations that were transcribed were from those users who selected that option in the […] The post Privacy Shocker: Did Facebook's Libra Plans Just Go Up in Smoke? appeared first on CCN Markets

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Tech Billionaire Mark Cuban Doubles Down on Potentially Deadly Libra

Libra is under attack from a big name in the tech world, again. Mark Cuban, the billionaire owner of the Dallas Mavericks and recurring Shark Tank guest, has already called Facebook’s new digital currency “dangerous” and “a big mistake.” Now he’s doubling down on that prediction, suggesting that it could be even worse than he […] The post Tech Billionaire Mark Cuban Doubles Down on Potentially Deadly Libra appeared first on CCN Markets

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Fake Libra Peddlers LOL-Swarm Facebook for Discount Crypto Scam

Numerous fake accounts, groups, and pages operated by fraudsters have swamped Facebook and Instagram to mispresent themselves as the official hubs for the social media giant’s upcoming Libra crypto, the Washington Post reported today. Fake Libra accounts with hundreds of followers Despite Libra’s expected launch in 2020, a part of the scammers are already selling […] The post Fake Libra Peddlers LOL-Swarm Facebook for Discount Crypto Scam appeared first on CCN Markets

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Crypto-friendly Switzerland Outclasses U.S. as Facebook Libra’s Regulator

Switzerland crypto laws have appealed to blockchain enthusiasts for years. Facebook’s head of blockchain, David Marcus, is no exception. He released a statement announcing that he expects the new coin to be governed by Swiss law. “Because the (Libra) Association is headquartered in Geneva, it will be supervised by the Swiss Financial Markets Supervisory Authority […] The post Crypto-friendly Switzerland Outclasses U.S. as Facebook Libra’s Regulator appeared first on CCN Markets

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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 […] The post Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra appeared first on CCN Markets

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Gen Z Hates Crypto. Can Facebook’s Libra Change That?

Most “Gen Z” Americans have no plans to get into crypto. Hard to believe as it may seem, this was the result of a survey of 1,884 young Americans published by Business Insider. The firm responsible for conducting the investigation was Cint, a company specializing in the analysis and exchange of data. The study wanted […] The post Gen Z Hates Crypto. Can Facebook’s Libra Change That? appeared first on CCN Markets

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Mark Zuckerberg Stole Facebook, Now He’s Stealing Bitcoin

By CCN Markets: One day Bitcoin will occupy the same corner of internet nostalgia occupied by Nikola Tesla. So it goes: were it not for Thomas Edison’s superior resources, influence and propaganda, we could all be running our laptops on Mr. Tesla’s free energy right now. Surveying the thunderous hype surrounding Facebook’s foray into the cryptocurrency game, one can’t quite shake the feeling that Mark Zuckerberg is in the process of pulling an Edison. First Facebook, Now Bitcoin The analogies between the story of Facebook’s foundation and that of the…

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Facebook’s Crypto Libra Shouldn’t Become Sovereign Currency, Blasts French Finance Minister

By CCN Markets: Facebook’s unveiling of Libra, its cryptocurrency project coming in 2020, has caught the attention of many, including the French Finance Minister. Bruno Le Maire, speaking on French Radio, has said that this new cryptocurrency cannot operate as a sovereign currency. Facebook’s Libra project intends to introduce a digital currency for usage on its platforms. However, this is raising several economic issues. Concerns on its regulation, and the status of this currency, are up for debate with Le Maire giving some stern warnings. Stern Libra warning With its reach…

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