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David Marcus is stepping down from the board of directors at cryptocurrency exchange Coinbase, citing his new assignment at Facebook leading the social media giant’s blockchain strategy. Marcus, a vice president at Facebook since 2014, joined the board at Coinbase, now valued at $8 billion, in December of last year. At the time, CEO Brian Armstrong said …

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July 26 might be forever remembered as one of the darkest days in Facebook’s history – or, at the very least, for its shareholders. An otherwise unassuming Thursday, the day saw the social media giant lose more than $120 billion in market value, the biggest loss in one day for any U.S. traded company. According …

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Facebook appears to be getting more serious about blockchain, having recently named an engineering director dedicated to the technology. The social media giant has appointed one of its senior engineers, Evan Cheng, as its first “director of engineering, blockchain.” The new position was first reported by TechCrunch and confirmed by Facebook on Thursday. According to …

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It hasn’t been a great year so far for Facebook, the social media giant that was once the most popular online platform among American youth. While roughly half of the teens in the U.S. still use Facebook, according to a survey published by the Pew Research Center this year, the company has not been receiving …

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Facebook is easing its ban – sort of – on ads related to cryptocurrency. The social media giant has launched a “cryptocurrency products and services onboarding request” form that will allow some companies to get their ads on the platform, according to a blog post published Tuesday. Facebook, however, won’t allow advertisements for initial coin offerings …

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Social media giant Facebook is launching a team dedicated to exploring blockchain technology. The initiative will be spearheaded David Marcus, who has served as the company’s vice president for its Messenger app division. Marcus is a former president of PayPal. “After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for …

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Martin Lewis, a British personal finance guru, is suing Facebook for allowing scammers, including some promoting cryptocurrency schemes, to use his likeness in advertisements on the platform. Lewis is the founder of the MoneySavingExpert blog, and his name and face well known following his years of writing and many TV appearances. In a post to …

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Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative. Even before the questions began, one early image from Mark Zuckerberg’s Congressional appearance confirmed that the hearing would focus on all the wrong things. The crush of photographers clamoring for a shot of the …

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Coinbase has hired a new vice president of communications, the cryptocurrency startup announced Monday. Rachael Horwitz joins the company from Spark Capital, a Coinbase investor. She previously held high-level communications roles at Facebook and Twitter. “Incredibly grateful and excited to join Coinbase as the company’s Vice President of Communications,” Horwitz wrote on LinkedIn. “An amazing …

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Pete Rizzo is editor-in-chief for CoinDesk. It’s been a rough month for Mark Zuckerberg. In the fallout from the Cambridge Analytica fiasco, in which it was found a third-party data provider was mining user information on behalf of political groups, Facebook and its founder have faced an outcry of criticism over the company’s role as …

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Blockchain could be a solution to the battle social media users face over misuse of personal data and content, RBC Capital Markets said March 21. Speaking to CNBC in the wake of the ongoing Facebook privacy scandal, RBC analyst Mitch Steves said Blockchain is “where we’re going long term” with regard to data integrity online. …

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Sky News has reported today, March 18, that Twitter is considering implementing a ban on cryptocurrency-related advertising in two weeks according to an as-of-yet unconfirmed report. Twitter had not responded to a request for confirmation of the alleged crypto ad ban by press time. Twitter’s reported crypto ad ban would come in the wake of …

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Google announced Wednesday, March 14 that it will be forbidding advertisers from serving cryptocurrency-related ads via its ad network AdWords starting from June 2018, following a similar move made by Facebook back in January 2018. The goal behind the ban, according to Google’s director of sustainable ads Scott Spencer, is to protect the search giant’s …

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While crypto startups and ICO issuers worry about social media platforms cutting their ads, they could be missing an even more intimidating threat – regulators. Crypto entrepreneurs reeled late last month after Facebook announced it would be banning “misleading or deceptive” ads about financial products and services, including bitcoin and ICOs. These stakeholders saw a …

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The meteoric rise of Bitcoin’s value in 2017 was enough to bring it into mainstream consciousness – but people are clamoring to get on the Blockchain and cryptocurrency train. That has culminated in a number of weird and wonderful advertising campaigns, featuring some interesting celebrities and big businesses, all vying to promote and capitalize on …

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The Commodity Futures Trading Commission (CFTC) on Thursday issued a warning about cryptocurrency pump-and-dump schemes. The release, published Thursday, marks the latest investor warning from the U.S. commodities and derivatives regulator. Earlier this month, the agency put out an advisory that urged caution around investing in cryptocurrency retirement accounts. Other regulators, namely the Securities and …

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A senior investigator at the Manitoba Securities Commission in Canada has said that the country’s regulators are “very pleased” with social media giant Facebook’s decision to ban ads for bitcoin and initial coin offerings (ICOs), Jason Roy, who is also the chairman of Canada’s Binary Options Task Force, said that regulators have been in conversations with …

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Facebook Messenger is unlikely to embrace cryptocurrency payments anytime soon according to David Marcus, Facebook’s vice president of messaging. In a recent interview with CNBC, the former president of PayPal pointed to perceived issues with existing cryptocurrencies, specifying high transaction fees and slow transaction times as reasons why the product isn’t likely to introduce the …

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Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4. The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency …

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Facebook users will no longer be bombarded by cryptocurrency, initial coin offering and Bitcoin adverts on the social media platform. The company has instituted an all-out ban on cryptocurrency, ICO or Bitcoin adverts – citing “financial products and services frequently associated with misleading or deceptive promotional practices.” Unfortunately, legitimate financial service providers will also be …

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