• Facebook seeks to MySpace Bitcoin. What, too soon? (Composite image by Modern Consensus.)
    Libra

    Facebook’s Libra seeks to MySpace Bitcoin

    The social media giant’s new stablecoin will harness its 2.7 billion users to bring the new cryptocurrency mainstream

    Facebook wants to do to Bitcoin—and maybe even the dollar, euro, and yen—what it did to MySpace and Friendster by launching a new cryptocurrency called libra, announced on Tuesday after months of anticipation and speculation.

  • Facebook
    Cryptocurrencies,  Innovators

    Facebook gets super serious about blockchain

    The $518 billion company reorganizes, makes major talent investment in blockchain technology

    David Marcus, the man who ran Facebook Messenger, has been reassigned to run the tech behemoth’s blockchain initiative. Mark Zuckerberg wasn’t kidding when he said back in January about blockchain technology, “I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.” Well, O.K., he’s probably not going deeper and studying anything but Zuck sure seems to be throwing some of his best people on to it. And Marcus seems to be the right fit for the job. Besides being on the board of directors of Coinbase, he was also a former president of PayPal. He announced…