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Calibra Head David Marcus Declares Libra as the Most Secure Payment Network

David Marcus, Head of Calibra, the digital wallet for Facebook’s Libra stablecoin explained at Money 20/20 conference in Las Vegas about how the network aims to transform the traditional payments industry.  Marcus claimed that anti-money laundering (AML) standards of Libra will be more substantial and secure than any other payment network. He added: “We also … Continue reading Calibra Head David Marcus Declares Libra as the Most Secure Payment Network

Recap on 2019 Blockchain Use Cases: Who Got Off the Ground?

R3 Corda Closes 2019 with a Bang Corda is an open-source blockchain platform that enables businesses to transact directly and in strict privacy using smart contracts, reducing transaction and record-keeping costs and streamlining business operations. In a world of permissionless blockchain platforms, in which all data is shared with all parties, Corda’s strict privacy model allows businesses to … Continue reading Recap on 2019 Blockchain Use Cases: Who Got Off the Ground?

10 Things You Might Not Know About Davos

Now in its 50th year, the World Economic Forum (WEF) summit was first launched by German economist Klaus Schwab. The conference is aimed at working with both private and public bodies with the objective of impacting the global agenda on finances, economics and more recently climate change. It is held at the end of January … Continue reading 10 Things You Might Not Know About Davos

Facebook Calibra Digital Wallet Gets a New Name – Novi

What is Novi? Facebook has renamed its digital wallet, Calibra, as Novi. Calibra was the digital wallet that the social media giant has been building to access Libra digital currencies.  In a blog post, the company explained that the new name was inspired by the Latin words “novus” and “via,” meaning “new” and “way.” The … Continue reading Facebook Calibra Digital Wallet Gets a New Name – Novi

Trump Administration Wants Clean 5G Networks Free of China State Actors

Mike Pompeo, Secretary of State for the Trump administration has announced the launch of the expansion of the Clean Network program, outlining five new lines of defense to protect America’s critical telecommunications and technology infrastructure from untrusted Chinese state-owned enterprises like Huawei and ZTE. The Clean Network program is the latest initiative in the Trump … Continue reading Trump Administration Wants Clean 5G Networks Free of China State Actors

Trump Signs TikTok Executive Order and Seeks to Clean the Free World's Networks of China State Tech Espionage

United States President Donald Trump has issued two executive orders against Chinese social media apps TikTok and WeChat, which are suspected of sharing US citizens’ data with the Chinese Communist Party. After weeks of President Trump and United States officials expressing concern that data from TikTok’s users in the US is being shared with the … Continue reading Trump Signs TikTok Executive Order and Seeks to Clean the Free World's Networks of China State Tech Espionage

Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Facebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.  Introducing Facebook Financial The new group, called Facebook Financial, or F2 by the internal team behind it, will direct all Facebook payments projects and regroup all of the platform’s ventures under one umbrella. The fintech project includes Facebook Pay, which is … Continue reading Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Libra Association Appoints Former Homeland Security General Counsel to Head Its Legal Services

On 26th August 2020, Libra Association has announced the appointment of Stevan Bunnell to replace Robert Werner as the new general counsel. The Libra Association has appointed Stevan Bunnell, the former general counsel for the US Homeland Security Department as its new top lawyer. Before this appointment, Bunnell co-chaired data privacy-focused legal firm O’Melveny & … Continue reading Libra Association Appoints Former Homeland Security General Counsel to Head Its Legal Services

Russian Man Charged For Offering $1 Million in Bitcoin to United States Employee to Install Malware in Company’s Network

The Federal Bureau of Investigation (FBI) has arrested a Russian man for trying to recruit an employee of a Nevada-based firm to install malicious software inside the company.  According to the Department of Justice, a 27-year-old Russian citizen, Egor Igorevich Kriuchkov, was arrested on Saturday 22 August. The criminal was charged on Monday 24 August … Continue reading Russian Man Charged For Offering $1 Million in Bitcoin to United States Employee to Install Malware in Company’s Network

Facebook-Backed Association Picks Another Former HSBC Executive as Libra Network's CEO

The Libra Association has appointed former chief executive of HSBC Europe, James Emmett, as the new managing director and CEO of Libra Networks. He will lead Libra’s operating subsidiary tasked with operating and developing the project’s crypto payments system. Earlier this year, Emmett left HSBC amid a strategy overhaul. He will now join the Libra … Continue reading Facebook-Backed Association Picks Another Former HSBC Executive as Libra Network's CEO

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