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Investors from Silicon Valley to Switzerland are whispering about it. The team behind that project, C Labs, is combining the ethereum and Libra models with a $30 million war chest from the likes of Polychain Capital and Andreesen Horowitz (a16z).And with their stablecoins and reserve baskets, the shared backing of
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An “intense year” lies ahead for Facebook as the U.S. general election looms. Early investor Peter Thiel recently dumped over 80% of his stake in the company. The early investor’s remaining stake is now worth less than $3 million. At the time of Facebook’s (NASDAQ:FB) IPO in 2012 early
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Earlier this month Sacha Baron Cohen hyperventilated that Mark Zuckerberg rules information like an emperor over Facebook. Elon Musk chimed in with a more measured reply. But it’s more accurate too. Facebook isn’t dangerous. It’s lame. Here’s what’s wrong with Facebook (NASDAQ:FB). Mark Zuckerberg’s control over people’s photos of their dinner is giving
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Mark Zuckerberg currently holds nearly 90% of Class B shares in Facebook. Facebook’s board has remained without a lead independent director for months. Zuckerberg’s hold on the board is unlikely to end soon. In the past few years, calls to oust Mark Zuckerberg as chairman at Facebook’s (NASDAQ:FB) annual shareholder meetings have become
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eToro, the crypto-oriented social trading and brokerage provider, recently published a position paper that stated that in order to get a cryptocurrency project launched, Facebook should focus on stablecoins that are distributed by regulated third parties instead of the company’s own digital currency.Facebook’s cryptocurrency project, Libra, has faced many obstacles
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Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra.According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto project offers a “trailblazing opportunity” to disrupt financial services worldwide, the social media
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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on CryptoX in one link.Top Stories This WeekBinance and Bithumb deny reports of
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As the Libra stablecoin project continues to face a hostile audience of regulators, Facebook launches a new fiat payment system called Facebook Pay.Empower people everywhere to buy and sell things onlineOn Nov. 12, the social media giant announced that it is introducing Facebook Pay, a payment system that is
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A Dutch court has ruled that Facebook must remove Bitcoin (BTC)-related fraudulent investment ads following local billionaire and television producer John de Mol’s lawsuit against the company, Reuters reported on Nov. 11.De Mol initiated judicial proceedings against the social media giant in June 2019, claiming that Facebook failed to
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In 2017 the Information Commissioner's Office ("ICO") commenced a formal investigation into the misuse of personal data in political campaigns. As part of
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