Technology Mark Zuckerberg Says Facebook to Look Into Cryptocurrency

14:20  05 january  2018
14:20  05 january  2018 Source:   Bloomberg

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 Inc. Chief Executive Officer Mark Zuckerberg gave cryptocurrency enthusiasts a little optimism for the new year. Mark Zuckerberg is trying to correct misinformation on the social platform.

Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen. My interpretation: Zuckerberg is interested in somehow integrating blockchain at FB. He is talking about the technology behind crypto, not actual crypto.

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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Even Mark Zuckerberg understands the importance of decentralization better than the Bcash shills i mean, it didn't say anywhere that " he will look into integrating cryptocurrencies into facebook services" He simply states that crypto has the ability to take power away from centralized

Facebook CEO Mark Zuckerberg said he will research cryptocurrency in 2018. There are important counter-trends to this –like encryption and cryptocurrency — that take power from centralised systems and put it back into people’s hands.

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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