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FILE - Attendees walk past a Facebook logo during Facebook Inc's F8 developers conference in San Jose, California, United States. VOA

Facebook is not going to launch its digital coin Libra unless regulators are fully satisfied and all necessary approvals are in place.

Under Facebook subsidiary Calibra, the social networking giant has planned to introduce a digital wallet for Libra. The wallet will be available on Messenger, WhatsApp and as a standalone app and is expected to be launched in 2020.


According to David Marcus, Head of Calibra who is set to face Senate Banking Committee over Libra concerns on Tuesday, US and state regulators will be involved when it comes to regulating services that offer Libra, reports The Verge.

Facebook is treating Libra as a “payment tool, not an investment”.

States would montior Calibra as a money transmitter, with the US Federal Trade Commission overseeing consumer protections, said Marcus.

“The Libra Association won’t keep personal data beyond basic transaction info and Facebook won’t share Calibra wallet info with the rest of the company,” Engadget quoted Marcus as saying.

US Federal Reserve Chair Jerome Powell has raised “serious concern” over Libra.


Bitcoin, which has risen in value for eight consecutive days, received a boost after Facebook has said it would offer its own cryptocurrency, the Libra coin by end of June 2020. Pixabay

Testifying before the House Financial Services Committee last week, Powell raised serious objections on Facebook cryptocurrency slated to arrive in 2020.

“I just think it cannot go forward without there being broad satisfaction with the way the company has addressed money laundering and other issues,” Powell told the House Financial Services Committee.

“Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability,” Powell added.

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In a letter sent to Facebook executives, US lawmakers have officially asked the social networking giant to cease all development of its Libra cryptocurrency.

Facebook has reportedly reached a whopping $5 billion settlement with the US FTC in the Cambridge Analytica privacy violations.

The report of the $5 billion settlement, the largest ever by the FTC against a tech company over privacy issues after a $22.5 million settlement with Google in 2012. (IANS)


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When you're pregnant, the immune system is seeing the placenta for the first time in decades.

The US researchers have discovered a class of immune cells that plays a role in miscarriage, which affects about a quarter of pregnancies.

Researchers at the University of California-San Francisco found that the recently discovered subset of cells known as extrathymic Aire-expressing cells in the immune system may prevent the mother's immune system from attacking the placenta and fetus.

The researchers showed that pregnant mice who did not have this subset of cells were twice as likely to miscarry, and in many of these pregnancies fetal growth was severely restricted.

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It's not surprising that over half of those surveyed feel more comfortable using emojis than talking on the phone or in person.

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Adobe's global emoji study found that emoji even helps people overcome language barriers and form connections that would otherwise be difficult to do.

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Emojis sometimes get criticized for being overly saccharine, but this sweetness is key when it comes to diffusing some of the heaviness of online communication.

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Jeff Bezos at the ENCORE awards.

Following the grand Richard Branson show where he carried Andhra Pradesh-born Sirisha Bandla and fellow space travelers on his shoulders after successfully flying to the edge of space, it is time for Amazon Founder Jeff Bezos to applaud Sanjal Gavande, one of the key engineers who designed the New Shephard rocket set to take Bezos and the crew to space on July 20.

Billionaire Bezos is set to fly to the edge of space aboard what is touted as the world's first unpiloted suborbital flight. Born in Kalyan, Maharashtra, Gavande is a systems engineer at Blue Origin who always dreamt of designing aerospace rockets.

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After completing Bachelor's in mechanical engineering from the University of Mumbai, she flew to the US in 2011 to pursue a Master's in mechanical engineering from the Michigan Technological University. She also applied for an engineering job at the US space agency NASA but finally landed her dream job at Blue Origin

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