Leading companies exit from Facebook’s Libra Digital currency, including Mastercard, Visa and Ebay

Leading companies exit from Facebook’s Libra Digital currency, including Mastercard, Visa and Ebay

California: Four months ago, Facebook’s digital currency that was launched with great fanfare has suffered major blows back-to-back. Five companies participating in the Libra venture have decided to back out in the last 24 hours. These companies include the world leaders in payments processing such as Mastercard, Visa and Stripe. Given this development indicates that […]

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European Union institutes inquiry against Facebook, over the issue of Libra cryptocurrency

European Union institutes inquiry against Facebook, over the issue of Libra cryptocurrency

Brussels: The troubles for Libra cryptocurrency, being launched by the social media company Facebook, seem to be increasing. Following the action initiated by the countries like the United States and Australia, now the European Union has instituted an inquiry against ‘Facebook Libra’. The spokesman of the Union informed that independent notices had been sent to […]

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Facebook acquires Control Labs, makers of the Mind Reading Wristband accepting messages from brain

Facebook acquires Control Labs, makers of the Mind Reading Wristband accepting messages from brain

California: Facebook has acquired the start-up which has developed ‘Mind Reading Wrist Band’, that reads the instructions sent by the brain to the arm. The name of the Start-up being Control Labs, this deal is claimed to be nearly USD 1 billion, as per the US media. With this acquisition, Facebook would make a mark […]

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Australia indicates controls over the ‘Big Tech’ companies including Google and Facebook

Australia indicates controls over the ‘Big Tech’ companies including Google and Facebook

Canberra: Following the United States, European Union and France, even Australia has indicated to rein in the bigwigs such as Facebook, Google and alike from the technology sector. The Australian government, in its reports released on Friday, has recommended more regulations on these technology bigwigs like Google and Facebook. ‘Companies like Google and Facebook need […]

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US initiates probe against Google, Amazon, Facebook and other bigwigs from the tech industry

US initiates probe against Google, Amazon, Facebook and other bigwigs from the tech industry

Washington: The US Department of Justice (DOJ) has decided to institute investigations against the Big Tech resorting to monopolistic practices, using the financial might. Companies like Google, Amazon, Apple and Facebook would be facing the probe, named as the ‘Antitrust Review’. Only last week, a hearing was held of the companies, before the US Congressional […]

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US indicates scrutiny of big IT companies including Google, Amazon, Apple and Facebook

US indicates scrutiny of big IT companies including Google, Amazon, Apple and Facebook

Washington: The US Congress and administration hints that big Information Technology (IT) companies would be undergoing scrutiny. The list of companies includes Google, Amazon, Apple and Facebook. The US Congress has said that these companies are allegedly using their financial muscle to create a monopolistic situation in the marketplace, which is detrimental to the democratic […]

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50 million User accounts on Facebook hacked

50 million User accounts on Facebook hacked

Washington: It has been revealed that there was a cyber-attack on Facebook, known to be the largest ‘Social Networking Site’. In this cyber-attack, the hackers have penetrated the Facebook security and have gained entry into more than 50 million user accounts. The hacked accounts include those of Facebook Chief, Mark Zuckerberg and Chief Executive Officer, […]

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111. Economy of Israel

111. Economy of Israel

The articles in this series have thrown light on the spectacular progress achieved as a country by Israel over just the last seventy years, or so, that is from its birth till today. Today, Israel is a highly developed ‘Free market’ economy based on Information Technology and hi-tech research. Thanks to it, Israel has developed […]

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After China, European Union and Turkey start preparations to launch Digital Currency

After China, European Union and Turkey start preparations to launch Digital Currency

Brussels/Ankara: Two months ago, the Chinese central bank created a sensation with the announcement of launching a digital currency. Following the Chinese announcement, other countries of the world have also been making preparations for Digital Currencies and European Union and Turkey have indicated to release it. Turkey announced release of the digital currency in 2020. […]

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