Facebook Creates Blockchain Team in Major Company Shakeup

Unicode bug found to crash iOS Messages app on iPhones and iPads

Unicode bug found to crash iOS Messages app on iPhones and iPads

According to a new report, Facebook has gone ahead with its biggest executive shakeup in the company's 15-year history this week and has appointed new heads for WhatsApp, Messenger, and the main Facebook app. Marcus sits on the board of directors of Coinbase, an exchange for cryptocurrency (which uses the blockchain as its underlying technology), and joined Facebook from PayPal in 2014.

Earlier this year, Facebook Chief Executive Mark Zuckerberg had expressed his interest to study the positive and negative aspects of encryption and cryptocurrency. However, they also come amid black eyes Facebook has received over the previous year from revelations of fake news posts by Russian operatives during the USA presidential election and the massive collection of Facebook user data by Cambridge Analytica.

CEO Brian Armstrong celebrated Marcus' "knowledge of both the payments and mobile space" at the time. Additionally, a team has been established to tackle Blockchain Technology.

Chris Daniels will now head the messaging app WhatsApp as the new Vice President.

When he joined the Coinbase board last December, he said that he had been fascinated by cryptocurrencies since 2012 and is "convinced that what the company is working on has the potential to materially change the lives of people around the world".

Javier Olivan: Will oversee the "Central Product Services" division that focuses on ads, security and growth. I will miss them but I know Messenger is in great hands with Stan Chudnovsky and they will continue to create unbelievable experiences for all the people who depend on it around the world. However, Zuckerberg and Sheryl Sandberg will retain their old roles. He is setting up his own team, a small group which will together explore blockchain and how to best leverage across Facebook right from scratch. It is also possible that this could be due to the perceived notion that Arora is close to Koum, who left Facebook allegedly because of disagreement over the company's privacy policies for WhatsApp.

"Adam Mosseri, the Facebook product executive who runs News Feed, is headed over to Instagram to become the company's new VP of product", the report claimed.

During the same month, Facebook initiated a platform-wide ban on cryptocurrency-related ads, citing concerns that users had been exposed to fraudulent ICOs and cryptocurrency schemes.

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