Tag: Blockchain (Technology)

He Gave a Cryptocurrency Talk in North Korea. The U.S. Arrested Him.

He was a former hacker from Alabama who styled himself a “disruptive technologist” and believed that he was using his data-mining expertise as a force for good. But then, in April, Virgil Griffith traveled to North Korea with a visa he had obtained from a diplomatic mission in New York City, going through China to […]

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Don’t Count on Government to Protect Your Privacy

Imagine that Congress proposed a law that made postage free in the United States. Even in the digital age, this would be quite convenient. The only catch? In exchange for free mail, postmasters would be permitted to open your mail and read our letters and bills. The benefit, postmasters would insist, is they would know […]

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The Real Reason for Facebook’s New Cryptocurrency

Facebook says its new cryptocurrency, Libra, is a tool for financial inclusion and disrupting the world’s cumbersome payment systems. In reality, there is a deeper motivation behind it, although not the one its critics imagine: Libra is the last, best hope to re-establish trust between Facebook and the world. Facebook harnessed billions of users to […]

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Facebook Plans Global Financial System Based on Cryptocurrency

SAN FRANCISCO — Facebook unveiled an ambitious plan on Tuesday to create an alternative financial system that relies on a cryptocurrency that the company has been secretly working on for more than a year. The effort, announced with 27 partners as diverse as Mastercard and Uber, could face immediate skepticism from people who question the […]

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