Lamb to Slaughter? Visa Follows Zuck into Facebook’s Centralized Crypto

By CCN Markets: Facebook has managed to lure some big names to support its cryptocurrency endeavor. According to a report in the Wall Street Journal, payment giants Visa and Mastercard in addition to PayPal and Uber have all jumped onto Mark Zuckerberg’s crypto bandwagon. They are each going to pour $10 million into the project for the opportunity to be part of the governance structure of the new cryptocurrency. They even have a name and will be part of what Facebook is calling the Libra Association in a nod to…

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Facebook Hunts E-Commerce, Payment Partners for Crypto Push: Report

By CCN: The crypto community hasn’t scared Mark Zuckerberg away from his cryptocurrency ambitions, at least not yet. New details have emerged in a Wall Street Journal report indicating that Mark Zuckerberg’s company is actively looking to ink deals to back its cryptocurrency payments ecosystem. Facebook is reportedly in discussions with “dozens of financial firms and online merchants” to support the unveiling of its blockchain-based payments network. Facebook is looking to lasso $1 billion for its new cryptocurrency and has been in talks with some major players. Facebook Building Cryptocurrency-Based…

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Facebook’s Stock Defies Gravity Despite Looming $5 Billion FTC Probe

By CCN: Facebook’s stock ran up 7.5% in after-hours trading to $196 after Q1 earnings painted a seemingly rosy growth picture. Revenue exploded by $3.1 billion to $15.08 billion, which exceeded estimates. Facebook CEO Mark Zuckerberg, however, revealed that the FTC’s investigation into the company for privacy problems will be painful on the expense line, saying: “In the first quarter of 2019, we reasonably estimated a probable loss and recorded an accrual of $3.0 billion in connection with the inquiry of the FTC into our platform and user data practices, which…

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Exclusive: Minds CEO Challenges Twitter’s Jack Dorsey to Walk the Walk on Bitcoin

Minds.com CEO Bill Ottman recently appeared on the Joe Rogan Experience, where he talked about the importance of open source and decentralization. While these are subjects near and dear to his heart, they are more a vehicle for his true passion – building a social infrastructure that respects people’s rights. We caught up with Bill shortly after the podcast to talk about the growth Minds has experienced as a result of the appearance, as well as the recent forays into Bitcoin and cryptocurrency made by two other social media CEOs:…

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Mark Zuckerberg’s Sister Signs on to Serve on Huobi Chain Advisory Committee

Cryptocurrency exchange Huobi sent a “friend request” to a member of the Zuckerberg clan, and that friend request has been accepted. This is after Randi Zuckerberg, the elder sister to the founder of Facebook, Mark Zuckerberg, was unveiled as a member of Huobi Chain Expert Advisory Committee. The serial entrepreneur and author is currently the The post Mark Zuckerberg’s Sister Signs on to Serve on Huobi Chain Advisory Committee appeared first on CCN

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