Reuters to Provide Fact-Checking for Facebook Amid 2020 US Presidential Elections

In partnership with Facebook, Reuters has established a new unit tasked with identifying misinformation on social media.  As Reuters reported on Feb. 12, social media giant Facebook’s Third-Party-Fact-Checking Program and the news outlet have jointly launched a fact-checking initiative in a bid to identify misinformation on social media. Specifically, Reuters will verify information posted on Facebook and Instagram in the run-up to the United States elections and after. Checking user-generated information Reuter’s dedicated unit will assess the authenticity of user-generated media files, headlines and other content in both English and…

Libra Minus Facebook: Why Celo Is 2020’s Buzzy Token Project

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 a16z isn’t the only similarity between the two projects. “The Celo mobile app, bringing stable payments and remittances to the unbanked has a chance to bring broad swaths of people to the world of blockchain technology and crypto, but…

Elon Musk Flames Mark Zuckerberg on Twitter for ‘Lame’ Facebook

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 Sacha Baron Cohen heart palpitations. The absolutely hilarious comedian (but not funny at all political activist) freaked out on Wednesday. He tweeted a picture of Mark Zuckerberg as an all-powerful ancient Roman emperor. Cohen howled that one…

Facebook Forms Committee to Govern Libra Developments

The Libra Association has announced the formation of a five-member Technical Steering Committee that will govern the ongoing development of the project. A 5-Star Team The role of the Steering Committee covers the oversight and coordination of the Libra platform’s technical design and development.  The announcement on the Libra website states that the establishment of the Committee is part of realizing the project’s vision to become “self-governing and independent of any one organization’s control.” The five Committee members have been selected from five of the 21 companies involved with the…

Facebook Should Drop Libra and Support Third-Party Stablecoins

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 giant needs to change its strategy to assure success. Facebook should focus on wallet infrastructure Distrust and forceful opposition have plagued Facebook’s project since its inception — prompting American politicians to recast Libra derisively as “ZuckBucks.”  Yet eToroX Labs’ researchers…

Binance Denies Police Raid, Bitcoin Wipeout, Facebook ‘Stupid’: Hodler’s Digest, Nov. 18–24

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 Cointelegraph in one link. Top Stories This Week Binance and Bithumb deny reports of Chinese police raids Heads were turned this week when reports suggested that Binance and Bithumb, two major crypto exchanges, have closed their offices in Shanghai following raids by Chinese police. However, not everything is as it seems, with both…

Facebook Squares Up To Mixer & Twitch With High-Profile Streamer Deal

Facebook secures an exclusive deal with popular Twitch streamer. Jeremy ‘Disguised Toast’ Wang moves to Facebook Gaming from today. Leading streaming platforms Mixer, YouTube and Twitch continue to skirmish for stars. Facebook Gaming joins Mixer and YouTube in announcing that yet another popular streamer has decided to leave Twitch. Today, OfflineTV member Jeremy ‘Disguised Toast’ Wang revealed he would be streaming exclusively on Facebook’s platform moving forward. Source: Twitch Disguised Toast Joins Facebook Gaming The streamer initially rose to prominence for appearing on stream sporting a toast-shaped mask. His pedigree…

Facebook Insiders are Donating Massively to Dems. Is the Zuck-Trump Bromance to Blame?

Mayor Pete is all the rage over at Facebook. Insiders gave Elizabeth Warren thousands of dollars despite plans to break up Big Tech. Among political ad buyers, Donald Trump is a client Facebook needs to keep close. A warm relationship seems to be brewing between President Donald Trump and the Facebook CEO Mark Zuckerberg. After holding a formal meeting in the Oval Office in September, the two took it to the next level and had dinner in October, as NBC reported. Not everyone seems to be for this budding bromance,…

As Regulators Stonewall Libra, Facebook Rolls Out New Payment System

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 online On Nov. 12, the social media giant announced that it is introducing Facebook Pay, a payment system that is designed to facilitate payments across Facebook, Messenger, Instagram, and WhatsApp. Deborah Liu, VP, marketplace & commerce at Facebook said: “People already use payments across our apps to shop, donate to causes and send money to each other. Facebook Pay…

Dutch Court Orders Facebook to Remove Fake Bitcoin Ads

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 respond to multiple requests to remove ads of a scam that misused his and other celebrities’ images and eventually resulted in the loss of 1.7 million euros ($1.8 million) by investors. The ruling, fine and Facebook’s stance Following de Mol’s…