Crypto Currency

9 Questions for Facebook After Zuckerberg’s Privacy Manifesto

presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be…


presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be one where everyone connects openly together, as in a town square; it will be one where more connections happen one to one, as in a living room. Instead of data permanence, data will disappear.

Facebook isn’t putting the current platform—worth roughly half a trillion dollars—in the garbage disposal. As Zuckerberg made clear in a Wednesday afternoon interview with WIRED, Facebook as we know it now will still exist. But it will change. And there will also just be something new.

It’s unclear the extent to which Facebook will ultimately push users toward privacy, and in what exact ways. But Zuckerberg controls Facebook, and his manifesto will make its gears start to turn in different directions. As that begins, here are nine important questions the company will have to think through.

1. Facebook knows how to make money in the town square. How does it make money in this new living room?

Private, encrypted messaging is hard to monetize. In our interview, Zuckerberg demurred when asked what the new business model will be after clamping down on the data firehose. The company would, he said, build the product first and figure out the financials later. Facebook does have nascent efforts in commerce and cryptocurrency, but there’s no question that figuring out revenue on the new platform will be a hard problem for Dave Wehner, Facebook’s chief financial officer. A former Facebook employee told me last night, “Mark is like a cartoon character who walks through a bunch of dangerous situations and always comes out on top. Dave is the guy running behind him catching the cat, stopping the ladder from tipping, deflecting the flying axe with a manhole cover.”

2. What does this do to safety on the platform?

Facebook rightly faces endless criticism for all the data it collects. But there are benefits to data collection as well. It can help stop bullies, or even potential suicides. Once those communications become private, Facebook no longer has the same powers to track and moderate. The public—from the media, to nonprofits, to academics, to individuals, to the government—also uses the public nature of Facebook to track bad behavior. If Russian intelligence operatives had just used private encrypted messaging to manipulate Americans, would they have been caught? As Facebook knows from running WhatsApp, which is already end-to-end encrypted, policing abuses gets ever harder as messages get more hidden.

In our interview, Zuckerberg explained that this, not fears about the business model, is what keeps him up at night. “There is just a clear trade-o

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Crypto Currency

Elizabeth Warren Plans Prediction Market Crackdown as She Prepares to Chair Senate Banking

Bitcoin Magazine Elizabeth Warren Plans Prediction Market Crackdown as She Prepares to Chair Senate Banking A Warren banking aide says the incoming Senate Banking chair will target prediction markets’ “Wild West-style lack of oversight,” after she and Sen. John Curtis pressed Kalshi and Polymarket on election trading…

Bitcoin Magazine

Elizabeth Warren Plans Prediction Market Crackdown as She Prepares to Chair Senate Banking
A Warren banking aide says the incoming Senate Banking chair will target prediction markets’ “Wild West-style lack of oversight,” after she and Sen. John Curtis pressed Kalshi and Polymarket on election trading…
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Crypto Currency

Bitcoin price prediction Today – Is Monday’s BTC Rebound a Dead-cat Bounce? 

The post Bitcoin price prediction Today – Is Monday’s BTC Rebound a Dead-cat Bounce?  appeared first on Coinpedia Fintech News Even though Bitcoin (BTC) briefly rebounded above $75,000 on Monday, November 11, 2026, the crypto Fear and Greed Index showed that traders are fearing a potential dead-cat bounce…

The post Bitcoin price prediction Today – Is Monday’s BTC Rebound a Dead-cat Bounce?  appeared first on Coinpedia Fintech News
Even though Bitcoin (BTC) briefly rebounded above $75,000 on Monday, November 11, 2026, the crypto Fear and Greed Index showed that traders are fearing a potential dead-cat bounce…
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Crypto Currency

Bitcoin holds near $75,000 after tech stock rout, altcoins suffer steeper losses

A record hack, a blue wave and a tech stock rout have given Bitcoin investors plenty to worry about. Yet the leading cryptocurrency has fallen only about 1% in the past 24 hours and now trades near $75,000. “It could have gotten hit a lot harder,” said John LaForge, chief alternatives strategist at Ned Davis

A record hack, a blue wave and a tech stock rout have given Bitcoin investors plenty to worry about. Yet the leading cryptocurrency has fallen only about 1% in the past 24 hours and now trades near $75,000. “It could have gotten hit a lot harder,” said John LaForge, chief alternatives strategist at Ned Davis Research. “The fact that it’s still… holding the 75 to 80 [range], I consider it a mild positive.”

Bitcoin’s latest decline came after weekend revelations about Nvidia CEO Jensen Huang’s affair—and the company’s subsequent investigation into whether he was targeted by Chinese intelligence. The news followed two other setbacks for the industry: a Democratic takeover of Congress that dealt losses to crypto-backed candidates, and a hack that drained roughly $6.3 billion from Binance, the world’s largest centralized crypto exchange.

Broader macro pressures haven’t helped either. The tech-heavy Nasdaq dropped over 5% last week in response to fears of a broad selloff in AI stocks. Investors now await Tuesday’s inflation report, which economists expect to show a further rise in consumer prices. Traders also anticipate a Federal Reserve rate hike in December—another potential headwind for crypto markets.

The cryptocurrency has suffered much sharper selloffs in the past. In October 2025, President Donald Trump’s threat of steep new tariffs on Chinese imports triggered more than $19 billion in crypto liquidations within a day. In June, Bitcoin fell below $60,000 to its lowest level of 2026, amid persistently high interest rates and heavy outflows from Bitcoin exchange-traded funds.

Bitcoin’s resilience may say more about how far it has already fallen than about the latest bad news, according to Ish Asad, crypto research analyst at asset manager Bitwise. 

“I think a lot of the bad news was priced in already. It’s not to say that it’s not going to chop sideways for a little bit longer, but I think the bottom is clearly in,” he said, referring to Bitcoin’s  June low. 

Asad argued that an earlier exodus from crypto into AI investments had left fewer investors ready to sell Bitcoin, which helped cushion its response to the recent turmoil.

That hasn’t been the case for altcoins—the industry term for cryptocurrencies other than Bitcoin.

Ether, the second-largest cryptocurrency and the native token of the Ethereum blockchain, has fallen nearly 5% over the past day. XRP, the token associated with Ripple, has posted similar daily losses and is down nearly 12% over the past week. Other major cryptocurrencies have also declined.

LaForge sees the gap as a familiar pattern: “Eventually when prices come down across the board, Bi

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Crypto Currency

North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot

Bitcoin Magazine North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot Elliptic says North Korean launderers created six throwaway meme tokens on NEAR between Nov. 5 and 7, moving about $430,000 of stolen Binance funds through homemade liquidity pools. This post North Korea Is Minting Its Own Meme Coins to Launder

Bitcoin Magazine

North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot
Elliptic says North Korean launderers created six throwaway meme tokens on NEAR between Nov. 5 and 7, moving about $430,000 of stolen Binance funds through homemade liquidity pools.
This post North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
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