Zuckerberg Says Facebook Will Look Into Cryptocurrency

Zuckerberg Says Facebook Will Look Into Cryptocurrency

Facebook CEO Mark Zuckerberg gave cryptocurrency enthusiasts a little optimism for the new year, according to Bloomberg.

He has referenced cryptocurrencies in a posting Thursday in which he laid out how he will spend 2018 trying to correct persistent problems, including the proliferation of hate speech and misinformation, that have dogged his wildly popular social network for the past two years.

“There are important counter-trends to this, encryption and cryptocurrency, that take power from centralized systems and put it back into people’s hands,” Zuckerberg wrote. “But they come with the risk of being harder to control. 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.”

Zuckerberg isn’t the only Facebook executive expressing interest in the space. David Marcus, the company’s vice president of messaging products, joined the board of Coinbase, one of the largest crypto exchanges, late last year.

“I’ve been involved with, and fascinated by cryptocurrencies since 2012, and I’ve witnessed how Coinbase has started democratizing access to this new asset class,” Marcus said on Coinbase’s blog Dec. 12. What all this may mean for the digital currency world remains to be seen.

More from category

Bitcoin Steadies From 26% Slump as Traders Brave Volatility

Bitcoin Steadies From 26% Slump as Traders Brave Volatility

17 Jan 2018 comment

Bitcoin held above $11,000 a day after losing a quarter of its value as traders sought a floor for pricing amid growing concern regulators around the world will move ahead with new rules to restrict the burgeoning cryptocurrency industry, according to Bloomberg.

Facebook Reassures Partners It Will Help Them Adjust to New Policy

Facebook Reassures Partners It Will Help Them Adjust to New Policy

16 Jan 2018 comment

Facebook, seeking to calm creators of articles and video after announcing a change in how their work will be promoted in its news feed, sent an email pledging to help them adapt, according to Bloomberg.

GoPro Is Said to Hire JPMorgan to Advise on Potential Sale

GoPro Is Said to Hire JPMorgan to Advise on Potential Sale

16 Jan 2018 comment

GoPro has hired investment bank JPMorgan to advise on a potential sale of the struggling wearable-camera maker, according to Bloomberg, citing a person familiar with the matter.