#facebookbacked

#VOA. | Facebook-backed Group Launches Misinformation Adjudication Panel in Australia

SYDNEY — A tech body backed by the Australian units of Facebook, Google and Twitter said on Monday it has set up an industry panel to adjudicate complaints over misinformation, a day after the government threatened tougher laws over false and defamatory online posts. Prime Minister Scott Morrison last week labeled social media “a coward’s palace,” while the government said on Sunday it was…

Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021

Facebook-backed digital currency project Diem could yet launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source.  Cited in a CNBC report published on April 20, the source claimed that the Switzerland-based nonprofit The Diem Association is still intending to launch its pilot for a United States dollar-backed stablecoin later this year.  Back in Nov. 2020, the…