Is it a bold new play by the world’s largest social media platform or a last bid attempt for Facebook to regain trust after the loss of faith of millions of users after the past few years of data mismanagement? Whatever the case, on Tuesday 18 June 2019, Facebook published a whitepaper for its new global digital currency Libra. So what is Libra? And what could be motivating the tech titan to move into cryptocurrency? Moreover do its proposals stack up with traditional notions of cryptocurrency and blockchain technology? And most importantly… do we want private companies having so much access to our data whilst also controlling our finances? Continue reading “Tipping the Scales – Facebook’s Libra Cryptocurrency”