Techmeme
June 19, 2019, 12:20 AM

Top News

Facebook:
Facebook announces plans to launch Libra, a new cryptocurrency, and Calibra, a newly formed Facebook subsidiary to oversee financial services for Libra  —  A New Digital Wallet for a New Digital Currency  —  Today we're sharing plans for Calibra, a newly formed Facebook subsidiary whose goal …
Alastair Marsh / Bloomberg:
French Finance Minister calls on the Group of Seven central bank governors to review Facebook's Libra, citing concerns it may become a “sovereign currency”  —  - French finance chief says it can't be a ‘sovereign currency’  — Germany's Ferber sees Facebook becoming a shadow bank
Wired:
Inside Facebook's ambitious plan to make Libra accepted as a global currency, especially for those underserved by banks, despite Facebook's tarnished reputation  —  NEAR THE END of 2017, on a Dominican Republic beach with his family, Facebook executive David Marcus wrestled with a question …
CoinDesk:
Facebook announces an independent consortium, Libra Association, with 28 founding members including Visa, Mastercard, PayPal, Uber, Lyft, Coinbase, and others  —  You don't have to have a Facebook account to use Libra.  —  That's the hands-off approach the social media giant is working toward …
Binance Info:
Makena Kelly / The Verge:
Nick Statt / The Verge:
Josh Constine / TechCrunch:
The Keyword:
Corinne Reichert / CNET:
In response to claims Google lifted lyrics from Genius, Google has asked its lyrics partner to investigate, will soon include 3rd-party attribution on lyrics  —  Google has responded to reports that it's stealing lyrics from Genius, explaining how it finds lyrics to show on its search pages.
Sarah Perez / TechCrunch:
YouTube unveils AR Beauty Try-On, which lets viewers virtually try on makeup while watching beauty tutorials, currently in testing, coming in summer  —  Makeup tutorials and reviews are some of the most popular content on YouTube, as they help people learn about new products as well as how to apply them.
Catalin Cimpanu / ZDNet:
Mozilla patches a Firefox zero-day exploit that was discovered by Google's Project Zero and Coinbase's security teams, and it says was being abused in the wild  —  Mozilla releases Firefox 67.0.3 to fix actively exploited zero-day.  —  The Mozilla team has released earlier today version 67..3 …
Bloomberg:
Sources: Dish may make a $6B+ deal this week for T-Mobile and Sprint assets including spectrum and Sprint's Boost Mobile as the carriers try to get DOJ approval  —  - Deal for Boost brand, wireless spectrum could come this week  — Justice Department wants T-Mobile and Sprint to unload assets
Biz Carson / Forbes:
CEO of parenting support app Cleo, which raised its $27.5M Series B in May, has resigned after it came to light that her resume contained falsehoods  —  On a Monday in April, Shannon Spanhake stood at the front of Cleo's office as her executive team lined up beside her.
Ingrid Lunden / TechCrunch:
Amazon's Twitch has acquired social networking platform Bebo, source says for $25M, to bolster its esports business  —  While Facebook makes a bold move into cryptocurrency to capitalise on its multi-billion user base, a social network that was once a credible competitor to it has quietly been snapped up by a subsidiary of Amazon.
Anna Baydakova / CoinDesk:
Microsoft and Salesforce have joined the Hyperledger blockchain consortium, an umbrella project for various business blockchains run by the Linux Foundation  —  Two of the world's largest top-10 enterprise software companies by revenue have joined the Hyperledger blockchain consortium.

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