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Showing posts with label facebook. Show all posts
Showing posts with label facebook. Show all posts

Facebook may launch cryptocurrency next year



Facebook has been in contact with US and British financial regulators with a view to launching its own cryptocurrency next year, the BBC reported on Friday.

"GlobalCoin" would work with a new digital payments system in about a dozen countries, starting in the first quarter of 2020, the broadcaster said on its website.
Previous reports have said Facebook is taking a serious look at blockchain technology under its "Project Libra", in part to tackle doubts about privacy among its many users following a series of scandals.


Facebook’s founder Mark Zuckerberg has held talks with his old rivals the Winklevoss twins about the social media giant’s developing digital currency, the Financial Times reported Thursday.

Facebook, Instagram, and WhatsApp are still down for some users around the world

Facebook and Instagram appear to be partially down for some users around the world today. While you can open both platforms and some services appear to have been restored, users are reporting issues with sending messages on Messenger, posting to the feed on all Facebook products, and accessing other features on Facebook.com, Instagram, and WhatsApp. Even Facebook-owned Oculus VR is experiencing issues related to the outage.

Facebook Response to Government's Data Breach Query Sought by April 7

The government today wrote to social networking giant Facebook, seeking its response over the user data breach and details of the measures it has put in place to ensure safety and prevent misuse of personal data.

Meanwhile, Facebook said that it is taking additional steps which will be rolled out in coming weeks to put people more in control of their privacy.

The Ministry of Electronics and IT (MeitY) today said that a notice seeking details relating to breach of data from Facebook had been sent to Cambridge Analytica particularly with regard to reports in the media about questionable practices attributed to the UK-based firm in their efforts to influence elections.

"It is felt that there is a need for further information about the data breach from Facebook. Accordingly, a letter has been issued by the Ministry of Electronics & IT on March 28, 2018 to Facebook seeking their response," Meity said in a statement.