Mashable: Facebook cofounder says the company’s cryptocurrency plans are ‘frightening’

Mashable: Facebook cofounder says the company’s cryptocurrency plans are ‘frightening’ . “One of Facebook’s most prominent critics is now sounding the alarm about the social network’s cryptocurrency plans. Facebook cofounder Chris Hughes, who made waves earlier this year when he called for the breakup of the company, is describing Facebook’s crypto plans as ‘frightening’ and warning that the endeavor could make the social media giant even more powerful.”

The Verge: The Senate will hold a hearing next month on Facebook’s Libra currency

The Verge: The Senate will hold a hearing next month on Facebook’s Libra currency. “On Wednesday, the Senate Banking Committee announced it will be holding a hearing next month to question witnesses over Facebook’s new cryptocurrency initiative, Libra.”

Alarming and unnecessary: Facebook’s new cryptocurrency must be resisted (The Guardian)

The Guardian: Alarming and unnecessary: Facebook’s new cryptocurrency must be resisted. “Overall, it’s not reassuring that Facebook is doing this. First, it has a track record of screwing up when it comes to looking after or respecting your data – Cambridge Analytica and the Onavo VPN that spied on users being just two obvious examples. Second, it has problems being consistent in how it applies its rules: see the many, many rows over content. It’s ignorant of its naivete, and so big it repeatedly causes huge problems.”

Digital Trends: Congress already wants to block rollout of Facebook’s cryptocurrency

Digital Trends: Congress already wants to block rollout of Facebook’s cryptocurrency. “Just a few hours after Facebook announced the details of its Libra cryptocurrency on Tuesday morning, lawmakers in Congress told the social media giant to pump the brakes.”

The Next Web: Europol is developing a ‘game’ to teach officers how to trace cryptocurrency

The Next Web: Europol is developing a ‘game’ to teach officers how to trace cryptocurrency. “Cryptocurrency crime fighters are about to have a lot more fun after Europol has revealed its developing a game to help law enforcers learn how to trace and investigate illicit uses of digital currencies.”

CoinGeek: Bloomberg, Reuters gear up for new cryptocurrency social media index

CoinGeek: Bloomberg, Reuters gear up for new cryptocurrency social media index. “Bloomberg and Thomson Reuters trading terminals are preparing to offer access to a new cryptocurrency index based on social media and news commentary, in a move aimed at providing more information for those trading crypto through their platforms.”