Tech chief compares Facebook to cigarettes, urges government regulation

Facebook could be regulated much like Big Tobacco because of social media’s addictive, harmful properties, a prominent tech executive said at the World Economic Forum in Davos.

The original article can be found here: http://www.foxnews.com/tech/2018/01/25/tech-chief-compares-facebook-to-cigarettes-urges-government-regulation.html

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Coinbase Bitcoin Exchange Off to a Rocky Start


Coinbase on Monday launched Coinbase Exchange, the first regulated bitcoin exchange in the U.S. The firm raised $75 million last week in a round of funding from new backers including DFJ Growth and BBVA Ventures, as well as existing investors Andreessen Horowitz, Union Square Ventures and Ribbit Capital. Coinbase beat out Cameron and Tyler Winkelvoss, who are working on their own U.S.-based regulated bitcoin exchange, named “Gemini.” Coinbase Exchange debuted in 24 U.S. states, but the launch was bedeviled with problems.

The original article can be found here: http://www.ecommercetimes.com/story/81638.html?rss=1

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Winkelvoss Twins Plan to Tame Bitcoins


Cameron and Tyler Winkelvoss on Friday announced Gemini, a regulated bitcoin exchange to be based in the United States. The Winkelvoss twins, who shot to fame when they sued Facebook and won $65 million, have assembled a team of security experts, technologists and financial engineers to build a world-class exchange from the ground up, based on security. They have entered a banking relationship with a bank chartered in New York State, which means that U.S. dollars held on Gemini will be eligible for FDIC insurance.

The original article can be found here: http://www.ecommercetimes.com/story/81631.html?rss=1

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