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Facebook’s libra cryptocurrency will fail if it doesn’t gain people’s trust

Facebook’s libra cryptocurrency will fail if it doesn’t gain people’s trust

When Facebook unveiled its libra cryptocurrency effort last week, I thought two things at once about it: That’s got to be its most arrogant move ever, given the annus horribilis for the social networking giant over its mishandling of everything from disinformation to hacking to hate speech to … well, you get the idea. That’s…
The VCs behind Libra, Facebook’s new cryptocurrency

The VCs behind Libra, Facebook’s new cryptocurrency

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Sadly, Equity co-host Alex Wilhelm is out this week, but for good reason: He’s getting married this weekend. Fortunately, we had the esteemed TechCrunch editor Danny Crichton step in to discuss Slack’s direct listing, Facebook’s new cryptocurrency, the…
Facebook’s Libra cryptocurrency: everything you need to know

Facebook’s Libra cryptocurrency: everything you need to know

Contributors: Verge Staff Image credit: Image: Facebook Facebook is planning to launch a cryptocurrency it hopes will “transform the global economy.” The currency, named Libra, is being developed by Facebook, but the company intends to share control with a consortium of organizations, including venture capital firms, credit card companies, and other tech giants. At launch,…
Facebook’s Libra won’t be as power-hungry as Bitcoin

Facebook’s Libra won’t be as power-hungry as Bitcoin

Libra, Facebook’s new cryptocurrency, is expected to have a smaller environmental footprint compared to some of its more notorious blockchain brethren, including bitcoin, according to experts. Its energy demands are projected to be more like those of existing data centers — which, while still demanding, aren’t quite as energy-hungry as mining bitcoins. The currency hasn’t…
Facebook’s Libra Reveals Silicon Valley’s Naked Ambition

Facebook’s Libra Reveals Silicon Valley’s Naked Ambition

As David Mamet once wrote, “Everybody needs money. That’s why they call it money!” And when you have more money than anyone could ever need, you call it Libra.Facebook on Tuesday introduced a comprehensive, borderless economic system for its platform, which is based on a new cryptocurrency, Libra. The company plans to sit ostentatiously on…
The real risk of Facebook’s Libra coin is crooked developers

The real risk of Facebook’s Libra coin is crooked developers

Everyone’s worred about Mark Zuckerberg controlling the next currency, but I’m more concerned about a crypto Cambridge Analytica. Today Facebook announced Libra, its forthcoming stablecoin designed to let you shop and send money overseas with almost zero transaction fees. Immediately, critics started harping about the dangers of centralizing control of tomorrow’s money in the hands…
Libra: Facebook may have too many users for its cryptocurrency to fail

Libra: Facebook may have too many users for its cryptocurrency to fail

Facebook doesn’t have much consumer trust. But it does have a hell of a lot of consumers. And that’s enough to make Libra, the new virtual coin that Facebook is announcing on Tuesday, the most consequential cryptocurrency effort undertaken in several years. Cryptocurrencies can be used to digitally pay for goods and services, like a…

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Forget Aesthetics and Live Carefree With an OtterBox Phone Case, Now...

Photo illustration by Slate. Photos by OtterBox. Why you don’t have this yet? As phones get both sleeker and lighter, it becomes increasingly tempting to embrace their futuristic silhouettes and balk at ensconcing them in silicone and rubber. But this is a mistake! Take a look around at the number of people you see flicking…

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