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JPMorgan CEO Jamie Dimon Talks About Zuckerberg, Libra Launch and Banking Innovation

New statements have emerged from JPMorgan CEO Jamie Dimon in an interview on the possible impact of Facebook’s Libra and what it might mean for banking institutions around the world. Here is the two to three minute clip specifically about Facebook's Libra comments and how Zuckerberg talked in front of congress. While the whole interview […]
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Zuckerberg was Right. China ‘Fast-Tracks’ Cryptocurrency With Huawei, TencentZuckerberg was Right. China ‘Fast-Tracks’ Cryptocurrency With Huawei, Tencent

The People’s Bank of China signed a partnership with Huawei, reportedly to develop blockchain technology for China’s sovereign digital currency. It comes just a week after Xi Jinping pledged that China would “take the leading position” in blockchain. Zuckerberg’s ominous warning – that China could erode America’s “financial leadership” – is slowly materializing. Last month […] The post Zuckerberg was Right. China ‘Fast-Tracks’ Cryptocurrency With Huawei, Tencent appeared first on Last month Zuckerberg warned Congress lawmakers: get behind digital currency Libra or risk losing “financial leadership” to China.

Crypto In, Politics Out: How Jack Dorsey Outplayed Mark Zuckerberg

There is a new exchange on the block, and it has some heavily pro-Bitcoin, anti-political ad supporters behind it. Jack Dorsey has simultaneously banned political ads from Twitter and invested in CoinList Trade. CoinList began life as a token sale platform, helping startups raise capital in compliance with regulations on a trusted platform. Its aim was to “provide… financial services so that token creators can focus on what they do best: building world-changing products.” In the rough seas of regulatory uncertainty, the platform, according to Kadena CEO Will Martino, “made the process of managing the regulatory flow for investors incredibly easy. The team has been great to work with and incredibly responsive.” The platform was instrumental in helping fund a number of inspiring projects. These include Filecoin, Blockstack, Algorand, and Origin. Jack Dorsey Endorses the Road Ahead, Bans Political Ads Now, it is embarking on the next leg of its roadmap: launching a crypto exchange to be named CoinList Trade. And on the eve of his decision to ban political ads on Twitter, Jack Dorsey has made an investment in the company to help it build out the new trading platform.   We’ve made the decision to stop all political advertising on Twitter globally. We believe political message reach should be earned, not bought. Why? A few reasons… — jack (@jack) October 30, 2019   Dorsey’s reasoning for banning political advertising is nuanced and spans a string of tweets. The central message seems to be that earned, and not bought, media is more appropriate in politics. As the founder tweeted: “This isn’t about free expression. This is about paying for reach. And paying to increase the reach of political speech has significant ramifications that today’s democratic infrastructure may not be prepared to handle. It’s worth stepping back in order to address [that].” The changes will take effect on November 22nd. Twitter shares fell around three percent on the news, while Facebook shares rose three percent, with investors anticipating the loss of political ad revenues impacting Twitter’s bottom line, and boosting Facebook’s as the campaign season heats up. But the decision does place a lot of weight on the shoulders of Zuckerberg, who can expect to be asked if Facebook will follow Twitter’s lead. Speaking of Zuckerberg’s Shoulders… Jack Dorsey has thrown Zuckerberg the simultaneous curveball of now being the owner of a soon-to-be-launched crypto exchange. It comes within months of the announcement of Libra, the much-maligned Facebook-backed project to create a global cryptocurrency. Libra has been preemptively banned in Germany and France. It has lost the involvement of major payment processors in Mastercard, Visa, and PayPal, and has had Zuckerberg forced to testify before both the Senate and Congress in the U.S.     Dorsey, meanwhile, has been lauded for his stance on Bitcoin in particular, about which he said in an interview with Quartz, “The fact that it’s meant to be deflationary, meant to incentivize savings instead of spending, I think is a net positive for the world and how we think about consuming.”  Dorsey’s Square Cash has also begun preparing to enable Bitcoin transactions on its payments app, having assembled a team of developers to explore the company’s integration with cryptocurrency. And with his investment in CoinList Trade, Dorsey has now fully declared his hand. CoinList Trade Soon to Begin Operations The enigmatic Silicon Valley veteran told The Wall Street Journal that “Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step.” San Francisco-based CoinList Trade will initially support trading in the tokens it has helped create, along with Bitcoin, Ether, and USDC. It also plans to offer fiat-crypto on and off-ramps, with USD wallets and crypto trades against the U.S. dollar part of the platform’s planned suite at launch. It currently has a waiting list of around a thousand traders wanting to join the platform and will operate in 38 U.S. states and a number of countries worldwide. Its latest funding round was led by Polychain Capital, with Dorsey and Collaborative Fund joining in. Dorsey has long been an advocate for cryptocurrency as money for the internet and a Bitcoin maximalist, buying $10,000 worth of BTC every week. Now with his toes dipped into a pending exchange and turning his back on political advertising revenue, it’s fair to say Dorsey has managed to out-Zuck his social media rival both when it comes to digital assets and in avoiding the ire of regulators. The post Crypto In, Politics Out: How Jack Dorsey Outplayed Mark Zuckerberg appeared first on Crypto Briefing.
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Mark Zuckerberg news by Finrazor


High hopes: big plans of large players

A bolivar-to-petro exchange app from Venezuela, the Chinese mining companies go public, more reflections on Bitcoin, Zuckerberg's sister at Huobi, VeChain to partner with BMW and Renault, and one more state-backed currency

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Brave Browser (BAT) Now Has over 10 Million Monthly Active Users

Brave Browser (BAT), a privacy-protecting internet browser that’s focused on giving the masses absolute control over online activities, while also rewarding them with Basic Attention Token (BAT), has announced that the browser has seen more than 10 million monthly active users (MAU) since launching Brave 1.0 in November 2019, according to a blog post onRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Deutsche Bank Says Crypto Could Usurp Fiat Money And ‘Soar’ By 2030

With each passing day, there is a little increase in cryptocurrency adoption with more people being informed and special efforts dedicated to education. If a recent Deutsche Bank report is to be believed, the next decade beginning from next year will most likely record significant leaps and bounds as far as the cryptocurrency sector is concerned, ending with fiat currency being regulated. According to the “Imagine 2030” publication from the German multinational financial services giant, fiat money is slowly getting closer to the brink of complete instability because all of the factors that have been holding it in place have created an imbalance which is already beginning to tell on the system. In the section of the report dubbed “The end of fiat money?” written by Jim Reid, the analyst suggests that the 2020s will be significant because there will be an increased need for fiat alternatives. “The forces that have held the current fiat system together now look fragile and they could unravel in the 2020s. If so, that will start to lead to a backlash against fiat money and demand for alternative currencies, such as gold or crypto could soar.” As unlikely as the end of fiat might seem, Reid argues that back in the 1970s, money was always backed by commodities such as gold or silver. One of the most noteworthy things that happened to fiat after its dependence on such commodities was that inflation sometimes increased “dramatically.” Reid also argues that a major flaw with fiat currency is that it’s usually a little too tempting to produce money willy-nilly when there is nothing backing it. This is something Reid suggests that alternative currencies will solve because no one can wake up and decide to just create Bitcoin and other digital currencies, out of the blue. While it might be a little too bullish to expect that fiat will completely fall, it surely is interesting to think about all of the weaknesses fiat has and how alternative offerings like cryptocurrency, could easily step in and save the day. The post Deutsche Bank Says Crypto Could Usurp Fiat Money And ‘Soar’ By 2030 appeared first on ZyCrypto.

Coinbase’s Visa debit card adds support for DAI stablecoin

Cryptocurrency exchange Coinbase’s Visa debit card offering has added support for ethereum-based DAI stablecoin. Announcing the news Friday, Coinbase Card said DAI is the first stablecoin added to its offering. The debit card, launched this April, allows customers in the UK and EU to spend their cryptocurrencies directly from their Coinbase accounts. Just last month, Coinbase Card added support for four crypto assets - Brave browser’s basic attention token (BAT), Augur (REP), Stellar (XLM) and 0x (ZRX). It also supports bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC). JD Millwood, head of marketing at Coinbase UK, recently said that the debit card offering “has helped tens of thousands of users spend their crypto as easily as the money in their bank accounts. With Christmas approaching, the demand for Coinbase Card will be will higher than ever.” Last month, Coinbase Card also expanded its reach to ten new countries in Europe, bringing the total to 29. The newly supported countries are Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, and Sweden.
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