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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.
Jun 18, 2019, 12:30 PMIn context
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
Jun 18, 2019, 11:45 AMIn context
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.
Jun 18, 2019, 9:45 AMIn context
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 …
Jun 18, 2019, 5:25 AMIn context
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.
Jun 18, 2019, 5:23 AMIn context
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 …
Jun 18, 2019, 5:21 AMIn context
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 …
Jun 18, 2019, 5:20 AMIn context
Catalin Cimpanu / ZDNet:
US-based cybersecurity company publicly discloses two zero-days in two of Facebook's official WordPress plugins, one with 200K users and one with 20K+ users   —  Zero-days disclosed in “Facebook for WooCommerce” and “Messenger Customer Chat.”  —  A US-based cyber-security firm has published details …
Jun 17, 2019, 10:35 PMIn context
Manish Singh / TechCrunch:
Bounce, which operates a scooter rental service in Bangalore, raises $72M Series C, bringing the total raised to $92M, source says at a valuation of $200M+   —  Bounce, a Bangalore-based startup that offers more than 5,000 electric scooters for rent in India, has raised $72 million to accelerate …
Jun 17, 2019, 3:35 PMIn context
Maciej Ceglowski / Idle Words:
With the infrastructure for ubiquitous surveillance being deployed at scale, we have lost “ambient privacy”: everyday interactions that should stay unremembered   —  The need to regulate online privacy is a truth so universally acknowledged that even Facebook and Google have joined the chorus of voices crying for change.
Jun 17, 2019, 8:50 AMIn context

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