Not Everyone Thinks Facebook’s Crypto Project is a S***coin

By CCN: Zcash developer Zooko Wilcox, who has previously opined that cryptocurrencies can be used to evade taxes, posted an “unpopular opinion” to Twitter today: Facebook’s crypto project is “awesome.” Facebook Coin: “Awesome”? Unpopular opinion: I think the fact that Facebook is working on a crypocurrency is awesome. — zooko (@zooko) May 24, 2019 Facebook’s […]

No, Forbes, Facebook’s Newly Detailed Not-So-Crypto is No Rival for Bitcoin

The launch of a crypto-like-currency by social media giant Facebook has been the topic of many discussions in the Bitcoin and digital asset space recently. However, little was known about it outside of the company developing a mysterious blockchain department and rumours about a WhatsApp-based digital coin being launched by the firm. According to a […]

Facebook’s Shady Bitcoin Killer Crypto ‘GlobalCoin’ is Coming 2020

By CCN: Facebook’s cryptocurrency ambitions could translate into reality as soon as next year. The BBC reports that the social media behemoth is on track to start testing its bitcoin rival – known internally as GlobalCoin – by the end of the year before its digital payments system comes online across 12 countries in the […]

Apple’s Brand Worth a Whopping $200 Billion as Facebook’s Value Falters

By CCN: Forbes’ 2019 list of the world’s most valuable brands is out. For the ninth straight year, Apple takes the cake. The tech behemoth’s brand is currently worth $205.5 billion – a 12% increase from last year. All but two of the top 10 brands saw their value increase since 2018. Facebook lost 6% […]

Instagram Data Breach Reports Prove You Should Skip Facebook’s Crypto

By CCN: Another day, another Facebook data leak affecting millions of dubious users. This time around, security researcher Anurag Sen discovered a public Amazon Web Services (AWS) database containing the contact information of more than 49 million Instagram accounts, TechCrunch reports. For those out of the loop, Facebook is the monopolistic owner of Instagram and […]

Facebook’s Secret Crypto Project Faces a Treacherous Self-Inflicted Problem

By CCN: The myriad privacy issues Facebook has been mired in are turning off the very people it wants to hire to help it improve its platform. These are the findings of former recruiters who shared the details with CNBC. You’d think that Facebook would have to beat off people wanting to work at the […]

Survey: 18 Percent of Americans Will Invest in Facebook’s Cryptocurrency

A small scale survey conducted by LendEDU found that seven percent of Americans had previously invested in digital currencies while 18 percent of them showed interest in investing in Facebook’s cryptocurrency. The detailed results were published on LendEDU’s official website on May 16, 2019. Investors Trust in the Facebook Brand Following the news of major […]

Polychain CEO Says Facebook’s Rumored Stablecoin Blockchain Should Be Public

Polychain Capital CEO Olaf Carlson-Wee thinks Facebook would be smart to build its stablecoin on a public, open blockchain infrastructure. Carlson-Wee delivered his remarks at the Consensus 2019 panel “To the Moon and Back” on May 15. Carlson-Wee explained that the blockchain platform he is referring to is one like bitcoin’s, in which the creator relinquishes […]

US Senate Mulls Regulatory Implications of Facebook’s Mysterious Crypto Project

Recently, a buzz of excitement spread throughout the cryptocurrency community after news broke regarding social media giant Facebook’s foray into the crypto industry through a new project that may introduce the benefits of digital currencies to billions of the platform’s users. Although this was certainly a bullish sign that many analysts viewed as the epitome […]

US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

The U.S. Senate Banking Committee is clearly concerned about Facebook’s new cryptocurrency project and how it is treating individuals’ financial information. The banking committee wrote an open letter to Facebook founder and CEO Mark Zuckerberg Thursday, asking him to share details about its secret cryptocurrency project, with a particular focus on consumer privacy. “Last year, […]