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The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million sale of its technology, capping a years-long initiative that drew significant concern from regulators. Picture: Bloomberg Facebook-backed digital currency project Diem, previously called Libra, announced the winding down and $182-million sale of its technologyFacebook's announcement in 2019 of plans to design a cryptocurrency and payment system raised immediate red flags for global finance officialsThe Diem asset sale "is another red flag on crypto," an analyst saidThe Facebook-backed digital currency project Diem announced Monday the winding down and $182-million sale of its technology, capping a years-long initiative that drew significant concern from regulators.Facebook's announcement in 2019 of plans to design a cryptocurrency and payment system raised immediate red flags for global finance officials, who expressed a barrage of criticism about the security and reliability of a private network."The idea of Facebook doing a cryptocurrency was a bridge too far for regulators," said analyst Rob Enderle of Enderle Group.  » Read More

The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million (roughly Rs. 1,360 crore) sale of its technology, capping a years-long initiative that drew significant concern from regulators.Facebook's announcement in 2019 of plans to design a cryptocurrency and payment system raised immediate red flags for global finance officials, who expressed a barrage of criticism about the security and reliability of a private network."The idea of Facebook doing a cryptocurrency was a bridge too far for regulators," said analyst Rob Enderle of Enderle Group."They have made it clear they don't trust Facebook with what they are doing now, so sure as heck were not going to let it go into the money business."Diem Networks' US CEO Stuart Levey said in a statement that the initiative made progress, but "it nevertheless became clear from our dialogue with federal regulators that the project could not move ahead.""Over the coming weeks, the Diem Association and its subsidiaries expect to begin the process of winding down," the association's statement said.  » Read More

FULL BOX SCOREREAD: Battista: NFL's new Joe Cool puts Bengals in Super Bowl LVIREAD: Patrick Mahomes, Andy Reid take responsibility for second-half woesREAD: Rookie kicker McPherson delivers again to send Bengals to SB LVI The Comeback Kids send Bengals to the Super Bowl. Down 21-3 midway through the second quarter, the Bengals didn't blink. Joe Burrow began to hit his stride, the defense clamped down on Patrick Mahomes, and Cincinnati came flying back to take the lead late in the fourth quarter. Once K.C. forced overtime, Burrow continued to show ice water in his veins, finding Tee Higgins for a big first down to move into field goal range. Five runs later, rookie kicker Evan McPherson sent the Bengals to their first Super Bowl since the 1988 season where they'll face the Los Angeles Rams. Burrow was poised all day, taking just one sack and wiggling out of several others to scramble for big first downs.  » Read More

Facebook has become one of the most popular social media platforms in recent years. However, when it comes to downloading videos from Facebook, there are a lot of different methods that can be used. Some methods are more popular than others and some are easier to use on certain devices, but all four methods listed below will allow you to download videos off of Facebook with ease! So whether you’re using a desktop or mobile device (or both), here is how you can download videos from Facebook easily. And it doesn’t matter if you want to save them for later viewing offline or share them with friends who aren’t on Facebook, these tips will help you out!  Now let’s get started… Use a video converter You don’t want to install or download any software? If that’s the case, you might opt to use an online video converter to save videos from Facebook to your computer. It allows you to take all of the various types of videos on Facebook and combine them into one file so it’s easier to download only what you want!  » Read More

We and our partners use cookies on this site to improve our service, perform analytics, personalize advertising, measure advertising performance, and remember website preferences. By using the site, you consent to these cookies. For more information on cookies including how to manage your consent visit our cookie policy.  » Read More

by: Isabella Gentile Posted: Jan 29, 2022 / 11:15 PM EST / Updated: Jan 29, 2022 / 11:20 PM EST WEST HAVEN, Conn. (WTNH) — The West Haven Police Department is investigating after a Facebook page claiming to be the city’s Public Works Department spread false information about plans for snow cleanup Friday. In a Facebook post, police said they are aware of the “bogus” page, which in a post claimed Public Works plows would not be plowing until Monday and said staffing shortages were behind the delay. “This page is spreading false information and we urge the public not to fall victim to this hoax,” police wrote in the post. The page appears to have been removed from Facebook as of Friday night. Police said they will pursue criminal charges against the individuals responsible. New Haven 2 p.m. Hartford update Video 1 p.m. Windsor conditions Video 9 a.m.  » Read More

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Despite all the fanfare around Mark Zuckerberg’s plans to create a cryptocurrency that was predicted to bring in “billions” in new revenue, the project has petered out with barely whimper. Meta Platforms Inc., the company formerly known as Facebook, agreed to sell assets tied to the project born in 2019 as Libra and now known as Diem to Silvergate Capital Corp. for about $200 million.With Diem’s director jumping ship last November and its ambitions scaled back amid fierce pushback from regulators and central banks, the project’s death was anticipated by some. But a post mortem tells us something more troubling: Facebook continues to struggle to develop new services without buying them, and in a toughening regulatory environment, that does not bode well for Zuckerberg’s metaverse plans, a pivot he has bet the entire company on.Among the history of Facebook’s innovation misfires: a home screen for Android phones that flopped soon after its 2013 launch; Snapchat competitors Poke and Slingshot (2014 and 2015); and mobile-development platform Parse. The company also floundered on efforts to build its own versions of Amazon Inc.’s Alexa.  » Read More

Facebook users can change the wrong email address they used to create their Facebook account. Here is how. When you stay apart from family and friends then social media applications play a major role in breaking the distance. There are several social media platforms that you can use to stay in touch with your loved ones like Facebook, WhatsApp, Telegram, Signal, among others. Facebook is used by people of all age groups for communicating, sharing posts, updates, etc. Do you have a Facebook account? In order to create it you require either your email ID or phone number. But what if you have used wrong email to create your Facebook account? There is nothing to worry or panic about. You can easily change the email address you have provided. Also, you can change your email address with the help of your smartphone, desktop or laptop. Here is a step-by-step guide to let you know the process.How to change wrong email used to create Facebook account: Via Computer1. To change your email and finish creating your Facebook account you need to make sure that you have a secure email that only you can access.  » Read More

Facebook Messenger has been updated to offer improved functionality in its Secret Conversations feature, which offers users end-to-end encrypted (E2EE) communication. The Meta-owned service will now inform users of screenshots taken inside Secret Conversations, which now support content in regular conversations such as message reactions, GIFs, and stickers. Users will also be able to swipe to reply to messages in Secret Conversations and forward messages to other conversations. Users can also make end-to-end encrypted group chats and calls in Messenger, according to the company.The company announced on Thursday that Messenger's Secret Conversations feature has been updated with the ability to alert the sender when a recipient takes a screenshot of a conversation. The feature was previously offered in Vanish mode and will roll out to all Secret Conversations where disappearing messages have been enabled, according to the company. Meta CEO Mark Zuckerberg also shared a post with his wife Priscilla Chen, showing the screenshot detection feature, along with other features coming to the messaging service.The Meta-owned service appears to be updating its Secret Conversations feature with additional functionality ahead of the company's plans to switch on end-to-end encryption by default for all users in the future.  » Read More