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Facebook’s attempts to capture financial services through a cryptocurrency is a step too far, as US lawmakers find their teeth

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?"

All the hype around Libra is a red herring. Facebook’s main game is Calibra

It’s more likely that blockchain, and even Libra, is a means to a end; Calibra is about Facebook wanting to be not only the world’s biggest social media platform but also the globe’s go-to marketplace, putting Amazon, eBay, Apple and Google in the shade.

The lowdown on Libra: what consumers need to know about Facebook’s new cryptocurrency

Let’s go back to the basics and look at what Libra is, how it compares to other cryptocurrencies and whether you should be concerned about using it when it eventually arrives.

Facebook’s Libra may be quite attractive in developing countries

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.

Libra: four reasons to be extremely cautious about Facebook’s new currency

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.

With cryptocurrency launch, Facebook sets its path toward becoming an independent nation

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

Facebook’s unveiled its digital currency Libra, which will launch in 2020

Social media giant Facebook has finally unveiled its plans to launch a new cryptocurrency called Libra, along with a few big industry partners.

How cryptocurrency scams work

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.

Hackers are making personalised ransomware to target the most profitable and vulnerable

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.

How low will Bitcoin now go? The history of price bubbles provides some clues

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]

First there was the blockchain phone, now check out Hublot’s R350,000 Bitcoin watch

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]

Initiative Q is not the new Bitcoin, but here’s why the idea has value

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]

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