Much of the commentary about Facebook’s proposed libra coin has focused on its defects as a cryptocurrency. It’s more interesting to examine the process for creating libra rather than specific technical features.
Author: Agency Staff
Facebook failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege.
Facebook was hours away from the formal announcement of its ambitious foray into financial services, but French finance minister Bruno Le Maire was already broadcasting his discontent.
Naspers-backed cryptocurrency platform Luno is planning to increase its workforce by almost 60% to expand its South African headquarters and enter new markets in Southeast Asia.
Bitcoin breached $10 000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset.
The US is blacklisting five Chinese organisations involved in supercomputing, calling them national security threats and cutting them off from critical US technology.
Orange is considering a bid for a minority stake in Ethiopia’s state-owned phone monopoly as Africa’s second most populous country prepares to welcome foreign telecommunications investors for the first time.
A parade of initial public offerings from Silicon Valley this year has garnered a mixed reception from investors. Slack Technologies took a different route, and saw its shares soar as it went public without an IPO.
5G networks will allow vast gobs of data to be transmitted at great speeds. And more data usually means more money for mobile carriers. But there’s a hitch. Cloud giants such as Amazon.com and Microsoft are lurking.
President Cyril Ramaphosa said government will soon give the embattled state power utility “a significant portion” of the R230-billion it needs over the next decade to remain solvent.