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Facebook announced its cryptocurrency Libra and a global association of organizations that will govern it. And Facebook also announced Calibra, a new subsidiary that will build a digital wallet for Messenger, WhatsApp, and a standalone app on iOS and Android.
These companies include major financial organizations like Visa and Mastercard, and internet darlings like PayPal, Uber, Stripe, and Booking.com. Each will invest around $10 million to fund development of the currency, and will become part of the Libra Association, an independent consortium that will govern the digital coin independently of Facebook.
Facebook CEO Mark Zuckerberg did not knowingly violate an agreement with the regulator supervising the company’s management of users’ personal data, the social media giant said Wednesday as it addressed an issue that has been under federal investigation for the past year.
Facebook will announce a new cryptocurrency this month, according to a report by The Information. Facebook employees who work on the project, called Libra, can choose to be paid in the cryptocurrency token instead of hard cash, the report says. Previous reports have suggested that a global launch would happen next year.
A YouTube musical celebrity was sentenced on Friday in a Chicago courtroom to 10 years in prison for enticing girls as young as 14 to produce sexually explicit videos of themselves.
Facebook might be putting Messenger back into its main social media app. The feature is currently in testing and was spotted by app researcher Jane Manchun Wong, and would mean that you could use a single app to access both the social media platform and the messaging service.
Facebook on Wednesday grappled with what was described as its biggest outage in history as users in parts of Australia, Asia, Europe, South America and North America faced service troubles.
Facebook Inc Chief Executive Officer, Mark Zuckerberg, is planning to unify the underlying messaging infrastructure of its WhatsApp, Instagram and Facebook Messenger services and incorporate end-to-end encryption to these apps, the media reports.
The Nigerian Stock Exchange (NSE) has announced the launch of X-Bot, an artificial intelligence (AI)-powered chatbot that responds directly and automatically to enquiries through Facebook Messenger.
IK Ogbonna, Nollywood actor and model, has spoken out for the first time since rumours of a split from wife, Sonia Morales, surfaced.
Cloud technology company Twilio said on Monday it would buy email technology firm SendGrid in an all-stock deal valued at about $2 billion, combining two firms that handle communications between apps and their users.
Instagram co-founders Kevin Systrom and Mike Krieger have announced they are leaving the photo-sharing app bought by Facebook six years ago, setting a new test for the parent company as it works to quell mounting turmoil.
The lawsuit comes just months after BlackBerry sued Facebook, alleging that the social media company and its WhatsApp and Instagram subsidiaries infringed on BlackBerry messaging app patents.
Facebook is getting serious about monetizing WhatsApp after the social network reported sluggish earnings growth last Wednesday. WhatsApp has rolled out three new ways for customers to connect quickly with businesses: a shortcut button to immediately start a conversation, the ability to have businesses send you information like a boarding pass on WhatsApp, and real-time support, the company said today.
WhatsApp is finally rolling out group video- and voice-calls to its 1.5 billion users around the world. The new feature was first teased by its parent company, Facebook, at its annual F8 developers conference in May, but now it’s ready for prime time.
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Petitioners’ Witness 60, Joseph Gbenga, called by Peoples Democratic Party and its presidential candidate, Alhaji Atiku Abubakar, as an expert witness admitted before the Presidential Election Petitioner Tribunal, on Friday, that he had not been certified.
The Presidency has enjoined El-Zakzaky-led Shiite members to desist from needless violent street protests and await the decision of the court in Kaduna where their leader is currently being tried.
Gov. Aminu Masari of Katsina State says, for dialogue and amnesty programme for cattle rustlers and bandits in the Northwest to succeed, it must involve all state governments in the zone.
A 47-year-old tailor, Popoola Abolade, was on Friday brought before a Yaba Magistrates’ Court in Lagos, for allegedly defrauding a company of N1.48 million.
The All Progressives Congress (APC) stakeholders Kogi State chapter, have taken legal action against the party’s National Working Committee (NWC) over the indirect mode of primaries adopted by the national leadership for the election of candidates for the November 16 Kogi State governorship poll.
The Blues will resume their pre-season training in Japan where they will take on J-League Champions Kawasaki Frontale (Friday) and then against Barcelona (next Tuesday).
Flash flooding and landslides caused by heavy rain have claimed at least 24 in Pakistan administered Kashmir on Monday, officials said.
An Ile-Ife Magistrates’ Court in Osun on Monday ordered that a 26-year-old man, Abibu Babatunde, who allegedly raped his 14-year-old niece be remanded in prison.
It seems Juventus are just days away from clinching what would be one of the signings of the summer in Matthijs de Ligt.
Former Minister of Aviation, Femi Fani-Kayode, has cautioned Miyetti Allah Kautal Hore over its call for the arrest of former President Olusegun Obasanjo.