Techmeme
June 18, 2019, 3:30 PM

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 …
More: New York Times, Libra, The Verge, The Guardian, The Guardian, TechCrunch, Bloomberg, The Block, New York Times, USV Blog, Business Insider, Decrypt, VICE, The Guardian, Gizmodo, CoinDesk, Slate, NBC News, Financial Times, CircleID, Variety, Wall Street Journal, USA Today, Wired, BetaKit, CoinDesk, Nieman Lab, Bloomberg, CNBC, The Block, BitcoinExchangeGuide, Ars Technica, CNET, CryptoSlate, CryptoGlobe, Vox, KnowTechie, Silicon Valley Business …, Android Police, Tehrani.com, CoinGeek, Quartz, Hacker Noon, BGR India, Engadget, SlashGear, Digital Trends, BGR, Continuations, Firstpost Tech, Coinspeaker, MIT Technology Review, Tech.co, Telecoms.com, Crowdfund Insider, Forbes, Facebook, Social Media Today, Inquirer, Modern Consensus, ABC News, BBC, Messari Crypto, Blockonomi, WinBuzzer, Gizmodo, iPhone in Canada Blog, WRAL TechWire, Android Authority, MSPoweruser, Neowin, Thurrott, PaymentsSource, Silicon Republic, 9to5Mac, Slashdot, and Peter O'Kelly's Reality Check
Josh Constine / TechCrunch:
Facebook says user Libra transaction data will not be shared with Facebook and will not be used for ad targeting or ranking users' News Feed  —  The use cases, technology, and motive behind the new digital money  —  Facebook has finally revealed the details of its cryptocurrency Libra …
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 …
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
Nick Statt / The Verge:
Facebook's Calibra subsidiary will launch a digital wallet for Libra, as a standalone iOS and Android app and within WhatsApp and Messenger  —  It's called Calibra, and it's a new subsidiary of Facebook the company is launching to build financial services and software on top of the Libra blockchain.
Binance Info:
An in-depth first look at Facebook's new Libra cryptocurrency, due to be rolled out in the next 18 months, and its impact on the broader crypto ecosystem  —  On June 18th 2019, Facebook released details about Libra, a stable cryptocurrency backed by a basket of financial assets, which runs on its own blockchain.
The Keyword:
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.
Jon Porter / The Verge:
Apple adds a feature in iOS 13 beta 2 that tells users about ongoing subscriptions for apps they are about to delete  —  ‘Do you want to keep your subscription for this app?’  —  Apple has added a warning in iOS 13 beta 2 that appears when you try to uninstall an app which still has an active subscription.
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.
Jon Fingas / Engadget:
Palm opens preorders for an unlocked version of its tiny $350 3.2-inch smartphone with Snapdragon 435, expected to ship in the next six to eight weeks  —  As much as Palm's tiny phone has improved over the past several months, there's still been one glaring limitation: you've had to use it on Verizon …
Kyle Wiggers / VentureBeat:
Top500: China has 219 of the world's fastest supercomputers, with the US still lagging behind at 116; Lenovo edged out IBM and Cray as the top vendor  —  To kick off the festivities at the International Supercomputing Conference (ISC) in Frankfurt, Germany this morning, the Top500 …
Kyle Wiggers / VentureBeat:
Hazelcast, which is developing a speedy in-memory computing platform, raises $21M Series C led by new investor C5 Capital  —  Hazelcast, a seven-year-old Palo Alto, California-based startup developing a speedy in-memory computing platform, today announced that it's raised $21 million …
More: FinSMEs
Jeff John Roberts / Fortune:
Ripple to take a 8-10% stake in the money transfer service MoneyGram, which will use the digital currency XRP as part of its day-to-day operations  —  Cryptocurrency company Ripple on Monday announced a major partnership with MoneyGram, which will see the money transfer service use …

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