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Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan

<div class=”featured_image_container”> </div> <strong>Facebook-backed cryptocurrency project Diem, formerly Libra, is moving from Switzerland to the U.S. In collaboration with Silvergate Bank, the association, which oversees the development of the diem cryptocurrency, has unveiled a new launch plan.</strong> Facebook-Backed Stablecoin Has New Launch Plan The Diem Association announced Wednesday a partnership between Diem Networks U.S. and …

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Why Amy Klobuchar just wrote 600 pages on antitrust

Enlarge / Sen. Amy Klobuchar (D-Minn.) Daniel Acker/Bloomberg via Getty Images To promote her new book, Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age, Sen. Amy Klobuchar of Minnesota gave a series of interviews this week, one of which was with me. She told me outright that our session was …

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96% of US users opt out of app tracking in iOS 14.5, analytics find

Enlarge / The Facebook iPhone app asks for permission to track the user in this early mock-up of the prompt made by Apple. Apple It seems that in the United States, at least, app developers and advertisers who rely on targeted mobile advertising for revenue are seeing their worst fears realized: Analytics data published this …

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Algorithms were under fire at a Senate hearing on social media

Enlarge / Chairman Senator Chris Coons (D-Del.) (right) speaks with Sen. Ben Sasse (R-Neb.) during a Senate Judiciary Subcommittee on Privacy, Technology, and the Law hearing April 27, 2021 on Capitol Hill in Washington, DC. The committee is hearing testimony on the effect social media companies’ algorithms and design choices have on users and discourse. …

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Singapore PM tells followers to ‘remain vigilant’ on crypto after seeing name used to sell tokens

Lee Hsien Loong, Prime Minister of Singapore, claims someone set up a profile on the social token platform BitClout to sell tokens using the information from his Twitter account.  In a Facebook post Friday, Loong urged Singaporeans to “to remain vigilant when dealing with cryptocurrency platforms.” He said that someone had used BitClout to create …

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Half a billion people just had their Facebook data leaked

According to a security analyst, sensitive personal information for over half a billion Facebook users was leaked on a well-trafficked hacking forum earlier today — a potential risk to millions of cryptocurrency traders and hodlers who now may be vulnerable to sim swapping and other identity-based attacks.  The trove of information was first discovered by …

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Supreme Court’s pro-Facebook ruling could unleash “flood” of robocalls

Enlarge Aurich Lawson | Getty Images A Supreme Court ruling today in favor of Facebook limits the reach of a 1991 US law that bans certain kinds of robocalls and texts. The court found that the anti-robocall law only applies to systems that have the ability to generate random or sequential phone numbers. Systems that …

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Bias, subtweets, and kids: Key takeaways from Big Tech’s latest outing on the Hill

Enlarge / There was no fancy Hill hearing room for this all-virtual event, so Twitter CEO Jack Dorsey dialed in from… a kitchen. Daniel Acker | Bloomberg | Getty Images A trio of major tech CEOs—Alphabet’s Sundar Pichai, Facebook’s Mark Zuckerberg, and Twitter’s Jack Dorsey—once again went before Congress this week to explain their roles …

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Facebook shuts down hackers who infected iOS and Android devices

Enlarge Getty Images Facebook said it has disrupted a hacking operation that used the social media platform to spread iOS and Android malware that spied on Uyghur people from the Xinjiang region of China. Malware for both mobile OSes had advanced capabilities that could steal just about anything stored on an infected device. The hackers, …

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Facebook finally explains its mysterious new wrist wearable

Enlarge / Facebook is developing a wrist-worn wearable that senses nerve activity that controls your hands and fingers. The design could enable new types of human-computer interactions. Facebook It first appeared on March 9 as a tweet on Andrew Bosworth’s timeline, the tiny corner of the Internet that offers a rare glimpse into the mind …

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