12px13px15px17px
Date:12/05/18

Facebook may launch its own cryptocurrency

After reports surfaced that Facebook is creating a new Blockchain group, fresh media reports have claimed that the social networking giant is also exploring the creation of its own cryptocurrency.
 
According to the tech website Cheddar, Facebook is "very serious about it".
 
However, "people familiar with the matter said the social network doesn't have plans to hold a so-called initial coin offering (ICO) by offering a limited number of virtual tokens for the public to buy at a set price," the report said late Friday.
 
Facebook has over two billion users globally and launching cryptocurrency will allow them make payments using a virtual currency like Bitcoin.
 
"I'm setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch," David Marcus, currently the executive in-charge of Facebook Messenger, said in a post.
 
In a statement later, Facebook said: "Like many other companies, Facebook is exploring ways to leverage the power of Blockchain technology. This new small team will be exploring many different applications. We don't have anything further to share".
 
Global spending on Blockchain solutions is expected to reach $2.1 billion in 2018, more than double of the $945 million spent in 2017, market research firm International Data Corporation (IDC) said earlier this year.
 
Recode had first reported that Facebook is building a new team dedicated to Blockchain technology and Marcus was leaving his post to run the Blockchain group.
 
The Blockchain team would come under "New platforms and infra" run by Chief Technology Officer (CTO) Mike Schroepfer, who will also take care of Facebook's AR, VR and Artificial Intelligence initiatives.
 
Mired in a massive data breach controversy, Facebook has rolled out biggest-ever shuffle at the senior management level since its inception -- across platforms, including WhatsApp and Messenger.
 
According to Recode, the company has made long-time executive Chris Cox in-charge of Facebook, Instagram, WhatsApp and Messenger -- now called a "family of apps".




Views: 350

©ictnews.az. All rights reserved.

Facebook Google Favorites.Live BobrDobr Delicious Twitter Propeller Diigo Yahoo Memori MoeMesto






22 January 2019

22/01/19
Alphabet’s health watch monitors your heart health, is approved by the FDA

A health monitoring watch being developed by Verily — an arm of Google parent company Alphabet — has received 

22/01/19
Google fined €50 million for GDPR violation in France

France’s data protection regulator, CNIL, has issued Google a €50 million fine (around $56.8 million USD) for 

22/01/19
A Silicon Valley company just launched smart cancer pills that track you with tiny sensors stamped into your medications

Would a notification from your doctor as soon as you forget to take your medication help keep you on track?

22/01/19
WhatsApp Imposes New Limit On Message Forwarding

Previously, WhatsApp started labeling forwarded messages so that those who receive it can more easily identify 

21 01 2019

21/01/19
Startup competition held at UNEC

A startup competition was held on January 21 by ISE Start-up Club, which operates under the Department of 

21/01/19
Toyota and Panasonic to build electric car batteries together

Toyota Motor Corp. and Panasonic Corp. are set to launch a joint venture in 2020 to manufacture batteries for 

21/01/19
Huawei Mate 20 Pro gets 109 overall score in DxOMark, tied with another Huawei phone

DxOMark has published its evaluation of the Huawei Mate 20 Pro, giving it an overall score of 109. It technically

21/01/19
Amazon, Alphabet and Walmart Were Top IT Spenders in 2018

Amazon.com Inc. spent more than $13.6 billion on technology in 2018, making it the biggest corporate IT spender

21/01/19
Experts name little-known and unusual devices of new generation

The experts have named the little-known and unusual devices of the new generation.

21/01/19
Slighter’s smart cigarette lighter helps you quit smoking without withdrawal symptoms

Smoking has been an addictive that is difficult to get rid off! Even though smokers are well aware of the health

21/01/19
Bank Bot Anubis Found Again in Google Play Store

The BankBot trojan, Anubis has once again affected users of the Google Play Store. This occurred when users 

21/01/19
A 4.6 billion-dollar tunnel running through the sea launched in Hong Kong

A new car tunnel worth $ 4.6 billion was opened in central Hong Kong, according to TASS, quoted by BTA.