
A recent report from Gartner has revealed a future use of blockchain technology in the form of being used to tackle fake news.
Facebook is an online social media and social networking service company based in California. Founders are Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes
A recent report from Gartner has revealed a future use of blockchain technology in the form of being used to tackle fake news.
Bitcoin took a dive this week below $7,000, following the downtrend of BTC by $2,000 from $10,000 in September 2019.
The new branding introduced by Facebook is designed to distinguish the company from its well-known app and website Facebook.
Crypto exchange Binance, one of the largest in the world, has announced its plan to launch a new coin called Venus.
After much scrutiny from lawmakers and setbacks with the withdrawal of initial partners like MasterCard, Visa and PayPal, Facebook is facing scepticism about Libra and how it could be used.
The Libra project attracted scrutiny from regulators from both the US and EU, who questioned how the cryptocurrency will be regulated and if Facebook should be trusted to develop its own currency with a history of privacy scandals.
European Central Bank director Benoit Coeure said in an interview that the global financial regulators have no plans to ban Facebook's Libra. However, these digital currencies will have to meet the highest regulatory standards.
Things look uncertain for Facebook’s cryptocurrency project, with the exit of many companies in the last few weeks.
Facebook’s cryptocurrency project Libra has many supporters but now has one less as PayPal has pulled out dropping Libras associates to 27.
International IT giant IBM expressed how they look forward to collaborating with Facebook and working on cryptocurrency Libra.