EU's Antitrust Watchdog Investigating Facebook's Libra Cryptocurrency

The new Libra digital currency hasn’t even launched yet, but barely two months after the Facebook Inc.-led association announced its plans, it’s already facing a number of stumbling blocks. In the latest example of rising regulatory scrutiny into Mark Zuckerberg’s cryptocurrency project, Bloomberg reported that the European Union’s antitrust watchdog is investigating Libra, raising questions about the prospects of success for the digital coin.

Facebook to Let Users See, Control More Data Shared with Other Sites

Facebook Inc. said it was tweaking its policies to allow users to see and control the data that other websites and apps share with the social network to improve targeted advertising. The company defines the data, for example when a clothing website shares information with Facebook on browsing activity of a user, as “Off-Facebook Activity”.

Google Denies Trump's Accusations of 'Manipulation' During 2016 Election

Google denied accusations made on Monday by President Donald Trump that the search giant "manipulated" millions of voters against him in the 2016 election. Google said Trump seemed to be referring to an old report claiming to prove that it generated at least 2.6 million votes for Democrat candidate Hillary Clinton, but said the report has been "debunked since it was made."

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States Preparing Antitrust Investigation of Big Technology Companies

A group of states is preparing to move forward with a joint antitrust investigation of big technology companies, according to people familiar with the situation, adding another layer of scrutiny to an industry already under a federal spotlight. The effort involving state attorneys general is expected to be formally launched as soon as next month, the people said.

Tech Firms, Industry Groups Criticize France's New Digital Services Tax

Major tech firms and U.S. tech industry groups said that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it. Alphabet Inc.’s Google, Facebook Inc. and Inc. and major trade associations testified against the tax at a hearing before the U.S. Trade Representative’s office and other government officials.

YouTube Sues Man for Filing Fraudulent Copyright Takedown Claims

YouTube is going after an alleged copyright troll using the Digital Millennium Copyright Act’s (DMCA) provisions, alleging that Christopher Brady used false copyright strikes to extort YouTube creators, harming the company in the process. Now, YouTube is suing Brady, using the DMCA’s provisions against fraudulent takedown claims, seeking compensatory damages and an injunction against future fraudulent claims.

Twitter, Facebook Suspend Accounts Tied to Chinese Disinformation Campaign

Twitter and Facebook have suspended numerous accounts that they say are tied to a Chinese disinformation campaign against pro-democracy protesters in Hong Kong. Twitter said the disinformation campaign was designed to “sow political discord in Hong Kong, including undermining the legitimacy and political protest movement on the ground.”

  • Read the article: CNBC

IRS Contacts Cryptocurrency Investors About Incorrect Tax Return Info

Some cryptocurrency investors are receiving a new round of letters from the Internal Revenue Service telling them that their federal tax returns don’t match the information received from virtual currency exchanges, a new front in the agency’s burgeoning scrutiny of the industry. The letters acknowledge that trading exchanges, not the taxpayers, may have made the errors.

O'Rourke's Gun Plan Would Hold Tech Companies Liable for Hate Speech

Democratic presidential candidate Beto O'Rourke released a sweeping gun violence prevention plan, proposing a set of changes that he said could "connect the dots" between online radicalization and real-world violence. O'Rourke's proposal makes him the first presidential candidate to officially lay out plans to hold tech companies accountable for the proliferation of hate speech on their platforms.

Ireland's Data Privacy Regulator Appears Close to Ending WhatsApp Probe

Ireland’s data privacy regulator is close to concluding its first probe into a multinational company under the EU’s new privacy laws, likely to involve Facebook’s WhatsApp subsidiary, although a formal decision could take months. The Irish Independent newspaper quoted Ireland’s Data Protection Commission as saying that her office’s first major GDPR decision relating to a multinational firm looked set to be one of two probes it opened into WhatsApp.

Cloudflare Calls Banning 8chan a 'Risk Factor' in Its Planned IPO

Networking and web security giant Cloudflare says the recent 8chan controversy may be an ongoing “risk factor” for its business on the back of its upcoming initial public offering. The San Francisco-based company and former Battlefield finalist, which filed its IPO paperwork with the U.S. Securities and Exchange Commission, earlier this month took the rare step of pulling the plug on one of its customers, 8chan, an anonymous message board linked to recent domestic terrorist attacks in El Paso, Texas and Dayton, Ohio, which killed 31 people.

Judge Says Georgia Can't Keep Using Its Current Electronic Voting Machines

The state of Georgia can't use its current electronic voting machines, election management software or servers after 2019, according to an order from a federal judge. It's the latest decision in a long-running legal fight over the security of voting tech in the state, and effectively requires Georgia to get a new system in place for the 2020 presidential primaries.

  • Read the article: CNET