Remove cryptocurrency Remove Management Remove Security Remove social media
article thumbnail

US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187
article thumbnail

With Terrorists And Scammers Lurking, Is A Crypto Storm Looming?

PYMNTS

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S. Cryptos also help bad actors avoid sanctions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dozens Of Cybercrime Groups Found On Facebook

PYMNTS

Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit.

Groups 190
article thumbnail

Facebook Wants Engineers And Researchers For Blockchain Team

PYMNTS

Social media giant Facebook is looking to grow its blockchain team, according to a report. Facebook already has about a dozen people working on blockchain and cryptocurrency. The company has been exploring blockchain use cases recently, so the announcement of its intent to expand the team was expected.

article thumbnail

Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October. And, another legislator, Sen.

DC 109
article thumbnail

Thomson Reuters Unveils Bitcoin Chatter Gauge

PYMNTS

As cryptocurrencies fuel discussions on forums and news websites, a new version of a Thomson Reuters Corp tool will capture online chatter around bitcoin. Last Thursday (March 8), bitcoin slid again by 7 percent over a 24-hour period as regulators cracked down on cryptocurrency exchanges. The recent declines also came as the U.S.

Bitcoin 102
article thumbnail

Facebook Adds New Lobbyists In Libra Push

PYMNTS

Facebook has added two new lobbyists in its bid to make its proposed cryptocurrency Libra a reality, according to a report by Bloomberg. The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. We can even look at new services even before they’re introduced.

Idaho 122