Technology Mark Zuckerberg Says Facebook to Look Into Cryptocurrency

14:20  05 january  2018
14:20  05 january  2018 Source:   bloomberg.com

A cryptocurrency created as a parody is now worth more than $1 billion

  A cryptocurrency created as a parody is now worth more than $1 billion Dogecoin's market value is now more than $1.09 billion, according to data from CoinMarketCap.A cryptocurrency that was created as a parody and named after an internet meme now has a market value of more than $1 billion.

Facebook CEO Mark Zuckerberg says Facebook will be looking into cryptocurrency in the new year. "There are important counter-trends to this — encryption and cryptocurrency — that take power from centralized systems and put it back into people's hands

Facebook Inc. Chief Executive Officer Mark Zuckerberg gave cryptocurrency enthusiasts a little optimism for the new year. “There are important counter-trends to this -- encryption and cryptocurrency -- that take power from centralized systems and put it back into people’s hands

Mark Zuckerberg, chief executive officer and founder of Facebook Inc., waves to attendees while arriving on stage during the Oculus Connect 4 product launch event in San Jose, California, U.S., on Wednesday, Oct. 11, 2017.© Bloomberg/Bloomberg Mark Zuckerberg Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg gave cryptocurrency enthusiasts a little optimism for the new year.

Zuckerberg 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.”

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Facebook Chief Executive Officer Mark Zuckerberg gave cryptocurrency enthusiasts a little optimism for the new year. “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.

Mark Zuckerberg says Facebook is looking into how it can use cryptocurrency . Facebook CEO Mark Zuckerberg says he will research cryptocurrency in 2018. The goal is part of his yearly personal challenge, which is mainly focused on fixing Facebook 's problems.

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 Inc., 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.

Singapore central bank head hopes cryptocurrency tech will survive 'crash' .
The head of Singapore's central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money. The city-state has been positioning itself as a hub for fintech - or financial technology - but has urged "extreme caution" about buying cryptocurrencies.

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