Facebook may be getting into the cryptocurrency game.The social network is reportedly developing a digital currency that will let users transfer money on its WhatsApp, according to a report Friday from Bloomberg. The effort will focus first on the remittances market in India, according to Bloomberg.Facebook didn't immediately respond to a request for comment. Now playing: Watch this: See how much time you're wasting on Facebook 1:31 In May, news site Cheddar reported that Facebook was "very serious" about the possibility of building its own digital currency for secure online payments. Facebook said at the time it had a small team looking into applications for blockchain -- the encryption technology behind cryptocurrencies like bitcoin -- but didn't offer specifics.Facebook still has a ways to go before its cryptocurrency is ready, according to Bloomberg. The company plans to develop a stablecoin that's pegged to the US dollar, unnamed sources told Bloomberg, but is still … [Read more...] about Facebook is creating a cryptocurrency to use on WhatsApp, says report
Facebook whatsapp encryption
Apple has come out with one of its strongest defences of encryption yet, saying it is the "single best tool we have to protect data and ultimately lives." The tech giant has made a submission to the Australian government in response to proposed encryption laws in the country that it says are "dangerously ambiguous" and have the potential to compromise security, safety and privacy for millions of people -- not just in Australia, but around the world. The Australian parliament is currently considering new encryption laws that would require tech giants such as Apple, Facebook, WhatsApp and more to provide access to encrypted communications to law enforcement for policing crime. The so-called "Assistance and Access Bill" sets out three levels of assistance that companies can be called on to provide to police and national security agencies. These range from "voluntary assistance" all the way up to a notice issued by the attorney general requiring tech companies to "build a new capability" … [Read more...] about Apple says ‘dangerous’ Australian encryption laws put ‘everyone at risk’
Facebook, the scandal-mired social media giant that has faced enormous criticism for its role in the spread of online propaganda and fake news across the globe, has a War Room it wants everyone to know is tackling that issue head-on. Earlier this month, it touted the War Room’s efforts to clean up a torrent of hoaxes and misinformation spreading across Brazil on Facebook subsidiary and encrypted chat service WhatsApp before the country’s October 28 runoff election. Its head of civic engagement, Samidh Chakrabarti, told reporters the company was “delighted to see how efficient we were able to be, from point of detection to point of action.” Status update: On Sunday, far-right candidate Jair Bolsonaro—who has pledged support for Brazil’s two-decade military dictatorship, attacked minorities and LGBTQ people, backed torture, and reportedly plans to decimate the Amazon rainforest—won those elections with 55.2 percent of the vote. And it looks an … [Read more...] about Hey, How’d That Facebook ‘War Room’ Fare During Brazil’s Election Season? Oh.
When the FBI broke into the iPhone of a terrorist linked to the San Bernardino shooting in 2016, it kicked off a global debate over encryption and privacy.Now, that debate is set to rage once more with the US and its intelligence allies issuing an ultimatum to tech companies worldwide: give us access to encrypted data and devices, and if you don't, we'll force you.Government representatives from the US, UK, Canada, Australia and New Zealand -- the so-called "Five Eyes" intelligence community -- met in Australia last week to discuss to the future of cybersecurity, national security and the growing threat of terrorism in digital spaces. The Five Country Ministerial meeting (FCM) issued a number of joint statements, including a Statement of Principles on Access to Evidence and Encryption which came with a strong message: "privacy is not absolute." The Statement reiterated governments and tech companies have a "mutual responsibility" to ensure access to "lawfully obtained data.""Providers … [Read more...] about US and intelligence allies take aim at tech companies over encryption
The spread of misinformation and fake news on social media and platforms like WhatsApp can have major consequences. In Rainpada village in India, it led to the lynchings of five men and, in turn, the making of a ghost town, BuzzFeed News reported Sunday. In July, five people were reportedly lynched in the village of Rainpada in Dhule, India, after a rumor that they were child kidnappers circulated on WhatsApp. The suspects, who according to BuzzFeed are now awaiting trial, thought the men were kidnappers because of videos they'd seen on the platform warning against child abduction by outsiders. Since May, BuzzFeed reports, at least 16 people have been lynched in India after mobs were provoked by misinformation on WhatsApp. The platform and its parent company, Facebook, have grappled with how to combat fake news and misinformation on their platforms. BuzzFeed visited the village where the five men were killed. Here are a few key points from the story:Three weeks … [Read more...] about Visiting the village where a WhatsApp rumor killed five people