Facebook is about to get its own cryptocurrency called Libra. In a sense, Facebook CEO Mark Zuckerberg is declaring that he wants his platform to become a virtual nation, populated by users, powered by a self-contained economy, and headed by a CEO - Zuckerberg himself - who is not even accountable to his shareholders.
Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including Visa, Spotify, eBay, PayPal and Uber – plus a ready-made user base of 2 billion people around the world – Facebook is positioned to pressure countries and central banks to cooperate with its reinvention of the global financial system.
On Wednesday, Facebook announced Libra, a cryptocurrency that it will launch (along with 27 other partners) in 2020.
A little like Bitcoin and a little like PayPal, Libra will be a new digital currency, one available to people without bank accounts or credit cards, but that could potentially be a major force for the rest of us, too. But first you have to trust Facebook with yet more personal data. Here’s what you need to know.
Humanity needs ethical leadership, and time to think through the potential repercussions of rapid technological change. That’s why, in my view, Facebook’s cryptocurrency should be blocked by financial regulators until its design has been proved to be safe for all of global society.
Here is your Netflix binge-list for the week, fresh from the Australian servers! This week's highlights include sci-fi series Another Life, the Coen Brothers' black comedy Suburbicon, blokes-in-the-nuddy drama Magic Mike and Cambridge Analytica documentary The Great Hack.
Read on for everything coming to the service for the week of July 22 to June 28.
The fight to be Australia's streaming top dog continues with Netflix maintaining its position but Stan and Foxtel's streaming offering, Go, tightening the gap. But while the competition is fierce, Netflix and Foxtel seem to be doing the unthinkable: They're teaming up.