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Facebook to launch Libra as a single stablecoin
Nov28

Facebook to launch Libra as a single stablecoin

Image Credit: Fortune Facebook’s Libra cryptocurrency could hit the market as early as January 2021. Already faced with mounting legal and administrative hurdles, the coin could hit the scene as a single stablecoin. This is contrary to an earlier announcement made by the Libra Association, a consortium co-founded by Facebook that Libra will be launched to create multiple digital “stablecoins” of flat currencies including the dollar,...

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Facebook and Google to face tougher competition rules in the UK
Nov27

Facebook and Google to face tougher competition rules in the UK

Image Credit: CNN Google and Facebook will have to abide by new competition rules from next year in the UK. This is aimed at curtailing the dominance of the two tech giants and to the advantage of smaller firms. The code which is expected to come into effect by 2021, will be enforced by a dedicated unit within the Competition and Markets Authority [CMA], Aljazeera reports. The CMA, which seeks to checkmate the dominance of bigger...

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Facebook, BBB to educate online shoppers about potential scams
Nov25

Facebook, BBB to educate online shoppers about potential scams

Facebook is shifting towards ecommerce. And it entails taking care of issues about deceptive ads, payment disputes and scammers—those ones that need the BBB to intervene. As the holiday shopping season is imminent, Facebook has announced a new partnership with the Better Business Bureau to give online shoppers more information about potential scams. And they will also educate buyers what they can do to protect themselves and...

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Facebook hit with a $6.1 million fine in South Korea
Nov25

Facebook hit with a $6.1 million fine in South Korea

Image Credit: News Week Facebook has been slammed with a $6.1 million fine by the South Korean Personal Information Protection Commission [PIPC]. Facebook was asked to pay the fine for sharing user information without consent. The fine is a fallout of an investigation initiated by the Korea Communications Commission [KCC] in 2018 before it was handed over to the PIPC a couple of months ago, Yonhap News reports per Engadget. Following...

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Facebook adds new tool to encourage more giving during the holidays
Nov23

Facebook adds new tool to encourage more giving during the holidays

Image Credit: CNET The holiday season is all about sharing; people show love in diverse ways including giving to nonprofits. Though, the pandemic has created a lot of uncertainties, the will to give remains with a lot of people out there. To encourage giving during this season, Facebook has created a new tool for users in the US that will encourage them to give to nonprofits. Per CNET, the social media behemoth says the new tool is...

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Facebook puts AI in charge of its content moderation
Nov14

Facebook puts AI in charge of its content moderation

Image Credit: The Verge Facebook has never hidden the fact that it wants things around its content moderation sorted out fast. To achieve this, the social media giant has announced that its content moderation will be handled by machine learning. This will ensure content moderation on the platform is sorted out quicker than they currently are. Content that are thought to have violated Facebook rules are usually assessed by human...

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