Social media giant, Facebook.com, announced yesterday that it’s opening its facial recognition features for all users. The opening of the new feature deems the end of the classic “tag suggestions” option of the site. The face recognition of Fb has an option for users to disable and enable, according to their statement. “Tag suggestions” gave …
Recently, Yves Mersch, European Central Bank’s key legal official, indicated that Facebook’s Libra stablecoin is “beguiling but treacherous”. This was during a speech at the ECB’s legal meeting in Frankfurt on Monday. News reports conveyed that Mersch’s remarks in an article published on September 2. It indicated that private currencies have little chance of establishing …
European Central Bank Signals Risk of Libra Digital Coins Read More »
In a daily news report on Monday, the European Central Bank indicated it is receiving guidance from ECB board member Yves Mersch. This is about Facebook’s Libra affecting its ability to set monetary policy. Mersch said, “Depending on Libra’s level of acceptance and the referencing of the euro in its reserve basket, this could reduce …
European Central Bank Alerts EU About Libra Digital Coins Read More »
One of the greatest social media platforms, Telegram, will retain its plans on rolling out digital coins. The release will be before 31st of October, and Gram will be its first own cryptocurrency. This comes amidst concerns of the platform’s security issues. Telegram may do well in its plans. It is because of its disregard …
Today, another big social network, Telegram, indicated it is moving forward with planning its digital coin. The company is following Facebook’s big cryptocurrency plans after it has overcome the obstacle with regulators. Telegram has expressed to investors that it is scheduling to issue the first batches of its coin. According to three investors who have …
Telegram Steps Forward in Developing Digital Coins Read More »
Previously, the chair of the US House Financial Services Committee said she has remained disturbed. It is regarding Facebook’s plans for digital currency. It was after meeting the government officials in Switzerland, and Facebook has indicated it will pursue on regulating it. In a statement, Congresswoman Maxine Waters said, “While I appreciate the time that …
Fb’s Digital Coins Fear U.S. Regulators on Rising Political Threats Read More »
On June 18th, Facebook announced its idea to make global digital coins. The crypto was known as the Libra. Since then, the system and regulators have increased criticism onto the project for several cases. Global regulators, finance ministers, and central bankers are concerned that Libra may drift and, in some cases, weaken their jobs. Given that, investors, critics, …
USDHKD The pair has recently climbed up the charts from record lows in recent weeks, with the price going above the 200-day and 50-day moving averages on the daily charts. It’s now headed downward again with the 200-day MA acting as its solid support. Hong Kong is now preparing for another wave of protest as …
Earlier, the Winklevoss twins say they are in discussions with Facebook about joining the Libra Association. Facebook founder Mark Zuckerberg and twins Cameron and Tyler Winklevoss have quite a conflict in the past with each other. In 2004, the conflict shot from the fact that the twins charged the Facebook founder for $65 million. All due to stealing their idea for …
Winklevoss Twins in Talks About Joining Libra Digital Coins Read More »
Today, the co-founders of cryptocurrency exchange Gemini, Winklevoss twin brothers Tyler and Cameron, showed interest to Libra. They are also willing to be partners with Facebook’s digital coins Libra. In a news report interview on August 19, the brothers stated they will put aside their former legal dispute with opponent Facebook’s Mark Zuckerberg for Libra. …
Winklevoss Twins Possible Partnership with Fb’s Libra Digital Coins Read More »
In news reports, Facebook Inc’s messaging service WhatsApp is supposedly in discussions with multiple Indonesian digital payment firms. The talk comprises of the company to be offering their mobile transaction service. It is a move to tap the nation’s fast-growing e-commerce sector, according to sources. Indonesia could have become the second country worldwide where WhatsApp …
WhatsApp Discusses Mobile Payment Kickoff in Indonesia Read More »
Payments giant Mastercard is in search of members to hire as its blockchain professionals. These include several senior roles in an effort to develop its digital coins and wallet products. The company is looking for a senior blockchain engineer and engineering lead. Moreover, it is also in the quest for a director for product development and innovation. Plus …
Mastercard Builds a Team to Work on Digital Coins Idea Read More »
Earlier, Bitcoin and other cryptocurrencies survived the Congressional grilling on Facebook’s proposed digital currency offering. An enduring increase at the regulatory environment is being experienced by the cryptocurrencies. Meanwhile, most of the US government leaders focused their attention to Facebook’s newly proposed cryptocurrency, Libra. Currently, regulations limit the reach of the Congress on Libra since it …
Fb Crypto under Examination by the Reserve Bank of Australia Read More »
The Payment System Board has recently discussed Facebook’s proposal for the introduction of a “global cryptocurrency.” The Payments System Board is one of the two boards of the Reserve Bank of Australia. Today, it has posted an update regarding its August 2019 Meeting. It also had a discussion about the declaration. This part of the Reserve …
The Reserve Bank of Australia Probes Fb Crypto Proposal Read More »
On Wednesday, Ireland’s Data Protection Commission said the lead regulator of Facebook Inc in the European Union is in quest of information. This probe concerns on how the company managed data during the manual transcription of users’ audio recordings. The DPC, Facebook’s lead EU regulator, already has eight individuals that investigate the U.S. social media …
Regulators in Ireland Queries Facebook’s Audio Recording Read More »
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