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Facebook to unveil new cryptocurrency

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Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of "blockchain" technologies such as bitcoin. Facebook is setting up a consortium called "Libra" which, according to the Wall Street Journal, has been joined by more than a dozen companies including Visa, Mastercard, PayPal and Uber. The companies along with venture capitalists and telecommunications firms will reportedly invest around $10 million each into the consortium. Facebook has been trying to ward off hostile regulatory scrutiny after a series of privacy abuses and the spread of fake news. The consortium will be managed externally and will seek to build trust among consumers by pegging the virtual coin to a basket of c...

Can connected technology ever become more ethical?

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The importance of creating technologies with the user in mind By Anshuman Singh Thanks to advances on mobile connectivity, we are now able to connect to most devices through our mobile phones. Moving forwards, the opportunities to expand beyond simple connections to mobile phones will be what drives connectivity. With Internet of Things ( IoT ) technology and the inevitable introduction of 5G , the pace of technology is rapidly developing and we must begin planning for this future.  Technology has the potential to enable a standard of living in ways previously unthought-of. By using self-driving vehicles as a case study, we can begin to understand how businesses can work towards having a more ethical future with connected technology and the introduction of 5G. The future of IoT connectivity How to bend technology toward the positive How technology is reshaping the remote workforce The future of connected technology and infrastructure  Businesses ...