During hearings into Facebook's new Libra cryptocurrency, she grilled David Marcus, the head of its Calibra wallet, which is how its users will interact with Libra. "So, we are discussing a currency controlled by an undemocratically selected coalition of largely massive corporations. Do you believe currency is a public good?"
Facebook’s Libra cryptocurrency has taken a lot of criticism from Western government officials and media commentators – but it’s not meant for them. A major target market for the Libra is users in developing countries.
Facebook has unveiled libra, a cryptocurrency that will enable users to make international payments over Messenger and other group platforms like WhatsApp – perhaps from as soon as 2020.
Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including Visa, Spotify, eBay, PayPal and Uber
Social media giant Facebook has finally unveiled its plans to launch a new cryptocurrency called Libra, along with a few big industry partners.
Millions of cryptocurrency investors have been scammed out of massive sums of real money. In 2018, losses from cryptocurrency-related crimes amounted to US$1.7 billion. The criminals use both old-fashioned and new-technology tactics to swindle their marks in schemes based on digital currencies exchanged through online databases called blockchains.
Once a piece of ransomware has got hold of your valuable information, there is very little you can do to get it back other than accede to the attacker’s demands. Ransomware, a type of malware that holds a computer to ransom, has become particularly prevalent in the past few years and virtually unbreakable encryption has made it an even more powerful force.
Nearly 170 years before the invention of Bitcoin, the journalist Charles Mackay noted the way whole communities could “fix their minds upon one object and go mad in its pursuit”. Millions of people, he wrote, “become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first”. His book Extraordinary Popular Delusio...[Read More]
Flush with Bitcoin, even after you bought your Lambo? Swiss watch maker Hublot has a product just for you — a wristwatch that can only be bought using Bitcoin. Because cash is for poor people who don’t own an Italian supercar they can barely drive. The wristwatch is being issued in very limited amounts, in order to commemorate Bitcoin’s tenth anniversary. Yup, really. Called the ...[Read More]
Could free units of a new digital currency end up being worth thousands of dollars? Initiative Q, which is aggressively marketing itself on social media, wants you to think so. It urges you to sign up now, and get your friends to do so as well, to maximise the value of your free “Q” currency. This has invited comparisons to pyramid schemes and suspicions about its legitimacy. It’s not a scam. It a...[Read More]