American social media giant Facebook has announced a digital currency called Libra on the 18th of June. It is a cryptocurrency that aims at allowing billions of Facebook users to make transactions globally. Libra is expected to debut in the year 2020 alongside a blockchain network supporting it. The company also introduced its newest subsidiary called Calibra, which is a payments interface that will leverage the various assets of Facebook like Messenger and WhatsApp.About Libra
As mentioned above, Libra is the latest cryptocurrency backed by Facebook. The company believes it will be used for money transfer between people in developing countries; who do not have [...]
Facebook in a new announcement has planned to once again start paying users for being monitored. The ‘Study from Facebook’ application will monitor the user’s device, finding which apps are currently installed, duration of usage of said apps, track their location, and most importantly, record app data of users.
The monitored app data can uncover which features are being utilized in an app. The social media giant claims that it will not be able to track any specific information like messages, passwords or websites visited. The application has been launched months after Facebook’s last attempt at a user-monitoring software. Facebook Research, [...]
As reported previously, Social Media giant Facebook is planning to unveil its own cryptocurrency. The company is proposing to set up a digital payment system in up to twelve countries by the beginning of the year 2020. The currency is currently referred to as Globalcoin, but the name may change when Facebook outlines its plans in more details. Facebook also claimed that it has already completed talks with the Bank of England regarding the risks and opportunities of a new currency format. However, the latest reports state that the new currency may be unveiled in this month (June 2019) itself.
Apparently, the company is planning a huge push that will include bonuses for [...]
As per latest reports, Facebook has been ordered by a US judge to turn over emails from various shareholders amongst other records. The records were related to the company’s model of handling data privacy and security. This happened as a consequence of when British Political Consulting firm Cambridge Analytica accessed private data of 87 million users in 2015.
Shareholders of the social media giant stated that they had a credible basis to believe in the fact that Facebook board members may have been involved in data privacy breaches. The breach involving Cambridge Analytica, however, was not revealed until the month of March 2018. It was noted that at the [...]
A freshly revealed patent shows that Facebook is working on a drone which is quite unconventional. The drone will not use its own power source for flight, instead it would make use of kites to stay afloat. Named the “dual-kite aerial vehicle”, each drone consists of two separate kites that can be directed independently. Moreover, the drone can utilize the force of the wind to extend its flight time, essentially making it self-sufficient.
The patent was originally filed in the month of November 2018. It depicts a drone that is connected to the kites via a kiometre-long tether. It is designed along the lines of a helicopter-style aircraft, and by cutting [...]
Social media giant Facebook is planning to introduce its cryptocurrency soon, according to the latest reports. The company is planning to set up a digital payment system in about twelve countries at the beginning of the year 2020. The currency, referred to internally as Globalcoin, may be announced with a changed name by the end of this year when Facebook outlines its plans in more details. To reaffirm the reports, it is claimed the company has already completed the talks with the Bank of England about the risks and opportunities of a cryptocurrency. Facebook is seemingly also in talks with a few money transfer firms; to devise an affordable method for people without a bank account [...]
The world’s largest social media network, Facebook has been involved in a multitude of controversies over the past couple of years, and a majority of those were directly associated with security. Previously, Facebook claimed to have “accidentally” exposed millions of user passwords in plaintext to employees, which raised questions yet again regarding the privacy protocols of the company. As per fresh reports, Facebook claims to have “unintentionally uploaded” 1.5 million email addresses of new users.
As per sources, Facebook is taking necessary steps to fix this breach. A security researcher noticed that the social media platform was requesting [...]
On April 14 2019, a multitude of users faced issues while connecting to popular social media website, Facebook. The connection issues were not limited to Facebook, however, because Instagram and Whatsapp users were confronted with similar problems. This is not the first case when Facebook services have been down for a long time. Previously, in the month of March 2019, Instagram and Facebook faced a global outage that lasted for a long period of time (more than 24 hours). This time, the outage lasted for a shorter duration, but questions were still raised regarding Facebook’s vulnerability to external attacks.
Facebook’s spokesman stated that the company is [...]
Facebook’s indiscretions regarding their users’ security policies have been quite frequent over the last few months, a fresh serious loophole has been detected in the social media platform. As per the sources, the American organization admitted to a bug that apparently exposed all user passwords to the employees of the company. And on top of that, all the passwords were stored in plaintext, not in an encoded manner. Reportedly, the passwords date back to 2012.About The Encryption
Organizations usually encode user passwords with a process called hashing, which includes the transformation of a string of characters into a usually shorter fixed-length value or key [...]
Students of Stanford University were urged to delete their Facebook accounts by Brian Acton, the co-founder of Whatsapp on March 13. While speaking at a panel in the University, he explained his reasons for selling the hugely-popular Instant messaging app to Mark Zuckerberg for a whopping sum of US$ 19 billion in 2014.His Statement
Brian Acton accused Facebook users of giving power and control over to the company. Reportedly, he also involved a former Facebook software engineer in his comments, stating that he still held strong differences with the Social Media company. He also stated that he left the company at the end of 2017 because Facebook was planning to add [...]
In a survey, it was discovered that Facebook Live Streams generated almost three times more views than those videos which are not live. Facebook live streaming is a major thing now, with content creators flocking to get their content noticed on the world’s most popular social media platform. More and more users have becoming aware of the fact that Facebook can be used for much more than just sharing images and posting comments. To address the growing gaming community, the American social media company has added a dedicated gaming section in its smartphone application.Features Of The Update
With an approximate 700 million users interacting with game-based content (as [...]
Facebook CEO, Mark Zuckerberg posted his vision to eradicate the privacy concerns surrounding the social media website. In his article, he claimed that the company will focus on gaining the trust of its users and ensuring better product development. The social media company aims to achieve high privacy standards in the next few years while sticking to all necessary norms at the same time.About The Bug
A report states that a bug in Facebook Messenger gave permission to websites to access users’ private data, including the people they have been exchanging messages with. It was reported by researchers that the vulnerability was in direct violation of the user-organization [...]