Facebook Prepares For Blockchain Adoption, Posts Job For Legal Blockchain Counsel

Facebook is making strides in the blockchain industry with new hires as they prepare to launch their US dollar-backed stablecoin, which will purportedly launch in the first half of 2019. According to Facebook’s career center where the company posts job openings and upcoming positions, a job description detailing the need for a senior lawyer with experience…

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Facebook says video of New Zealand mosque shootings was viewed 4,000 times before removal

Facebook said the video of the man who killed 50 people during a shooting rampage at two mosques in New Zealand last week was viewed 4,000 times before it was removed. The suspected gunman apparently livestreamed on Facebook his attack on Muslim worshipers. The first user report on the original video came in 29 minutes…

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'We're preparing' an antitrust case against Google similar to Microsoft, Mississippi AG says

“It’ll be a multifaceted suit or, hopefully, we can get a settlement if we can get some agreement with” Google in regards to data collection, Mississippi Attorney General Jim Hood says. “At some point some court is going to rule to the effect that a person’s private information is the equivalent of their intellectual property…

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Facebook To Develop Its Cryptocurrency for WhatsApp, Sources Say

Facebook, the Western world’s leading social media platform with over 2.5 billion active users, is developing a cryptocurrency that will let users transfer money over its WhatsApp messaging app. This is according to sources familiar with the matter, and was reported by Bloomberg. WhatsApp is a cross-platform messaging and voice-over IP service that allows users from…

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Today's technology lets terrorists 'become their own mass media,' analyst says

Social network giants and their users should share the responsibility of alerting authorities about online radicalism as soon as they spot it, according to Scott Stewart from Stratfor. With social media and the internet, terrorists can “become their own mass media” and more needs to be done to prevent them from doing so, he said….

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Facebook says it made an A.I. tool that can detect revenge porn before it's reported

The tool saves victims of the unwanted intimate posts the time and trial of getting the posts taken down. The company has recently come under fire for the working conditions of contracted content reviewers, so a successful AI detection tool could be a step in the right direction. Facebook also said it’s expanding a previously…

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Shortly after it was greeted with Disapproval from Cardano’s founder, CEO of Binance speaks on the JP Morgan and Facebook Cryptocurrencies

Upon the announcement of the inclusion of cryptocurrency to social media giant Facebook alongside the recent involvement of top U.S bank JP Morgan in cryptocurrency, the entire crypto-community has welcomed the news with mixed reactions, most of which were of opposition. Meanwhile, the CEO of Binance, Changpeng Zhao has just recently taken to Twitter to…

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No, Facebook's 'FaceCoin' Will Be Nothing Like Bitcoin (Or Even a Cryptocurrency)

Facebook, Telegram, and Signal are reportedly planning to mint their own digital coins for their platform. But their centralized nature means that they won’t be censorship-resistant, decentralized and secure by design, unlike Bitcoin.  Nice Try Facebook But FaceCoin Won’t Be a Cryptocurrency Social media giants are now jumping on the cryptocurrency bandwagon with plans to introduce…

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Facebook Reportedly in Talks With Crypto Exchanges to List New Coin

New reports suggest Facebook’s rumored stablecoin project is making significant headway. Anonymous sources reportedly close to the project have revealed the social media titan has approached a number of crypto exchanges to list its coin. Also read: TomoChain Says It’s Gunning for Ethereum, Could It Actually Happen? Facebook’s Crypto Token to Roll Out in a Few Months…

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Facebook set to Launch its Whatsapp Cryptocurrency, Already Getting Ready for Listing On Crypto Exchanges

As earlier reported, Facebook has been working on a cryptocurrency and has reached a high level of progress with the creation of a stablecoin precisely that will be based on Whatsapp messaging app. This became evident as Facebook has already consulted with several cryptocurrency exchanges on the possibility of listing the cryptocurrency following its launch….

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Apple Co-Founder Steve Wozniak Lost Respect for Mark Zuckerberg, but Not Bitcoin

During his recent interview with Bloomberg on Wednesday, February 26, Apple co-founder Steve Wozniak openly praised Bitcoin. Although not a crypto investor himself, he said that Bitcoin provides “massive value creation”. Steve Wozniak has been a long time supporter and proponent of Bitcoin (BTC). Last year in June 2018, Wozniak stated that he believes that Bitcoin…

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Amazon is projected to steal advertising market share from Google in 2019

Amazon is projected to claim 8.8 percent of the all digital ad spending in 2019. Google, by contrast, is expected to lose 1 percentage point of market share. Of the top five companies in digital advertising, only Amazon and Facebook are expected to grow market share in 2019. The other companies are Microsoft and Verizon….

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Vaccine misinformation and Infowars: Researchers wary of Facebook's embrace of 'Groups'

Researchers worry about Facebook recommendations leading user to fringe groups and misinformation. In order to see how Facebook groups work, “we need to know more about the networks and members of groups that spread false information and target individuals,” Columbia University’s Jonathan Albright says. Facebook is not the only tech company to face criticism for…

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Facebook steps up fact-checking in India before election

Facebook said on Monday it is expanding its fact-checking network in India ahead of the country’s general election. The new partners will allow Facebook to monitor news distribution in six Indian languages. Pages that repeatedly post false news will be penalized by the company. Facebook has secured five new partnerships in India to widen its…

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Bitcoin ETFs, XRP and Facebook?

It’s time for another weekly round-up of the news that matters in the cryptosphere this week. We have seen numerous suggestions that a Bitcoin ETF may see approval in the coming months, news regarding XRP market cap manipulation, and even a massive blockchain acquisition from Facebook. It’s an exciting time to be in crypto, that’s…

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Shutdowns and Ascents: Will the Political Crisis in the US Give a Boost to the Crypto Market?

Photo: Unsplash Although the government shutdown in the US is officially over, the current state of affairs looks more like a shaky truce than the end of the hostilities. The Congressional Budget Office (CBO) estimates that the temporary halt in government operations will cost American economy at least $3 billion of the projected 2019 GDP….

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Apple Q1 Earnings Report Threw Cold Water On Market Estimates

Coinspeaker continues reporting on ongoing earning calls of the world’s major tech companies. The stock market is waiting eagerly for Facebook’s stellar service growth while Microsoft amazes investors with excessively high dividend income. The next public company to expose its balance sheet is Apple,  which just announced its financial results for the Q1 2019 fiscal quarter. …

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Facebook is reportedly paying users to install an app that could collect all kinds of data

Facebook has been paying people in secret to install an app that allows the tech giant to collect data on how they use their smartphones, TechCrunch reported Tuesday evening. Since 2016, the social networking giant has been paying teenagers and adults up to $20 a month plus referral fees to install the so-called “Facebook Research”…

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Facebook's Mark Zuckerberg goes on the defensive: 'We don't sell people's data'

Zuckerberg says the lack of a price tag on Facebook’s service has become an area of “complexity” when it comes to trying to understand its business model. He said Facebook selling user information on to advertisers would be “counter to our business interests.” Facebook’s claim that it doesn’t sell people’s data has been disputed by…

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Facebook manager says in internal post she quit after being 'harassed' over views on diversity

A Facebook engineering manager who ran an open-source project left earlier this month after being harassed by her colleagues. Sophie Alpert said in an internal post that she wants “to spend my time at a place willing to push further on diversity and inclusion.” Facebook’s diversity has been improving, but the company is still largely…

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