iWorld
Facebook reveals plan to launch cryptocurrency Libra
MUMBAI: Social media giant Facebook moves ahead in the direction of entering the e-commerce sector as it revealed plans on Tuesday to launch a cryptocurrency called Libra. According to media reports, Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association which will govern its new digital coin. It is due to arrive in the first half of 2020.
A subsidiary called Calibra has been created by Facebook which will not only offer digital wallets to save, send and spend Libras but will be connected to Facebook's messaging platforms Messenger and WhatsApp.
The FAANG company hopes it will power transactions between established consumers and businesses around the globe along with offering unbanked consumers access to financial services for the first time.
However, the move comes at a time when Facebook is already devastated with security-related controversies across the world. It seems the new step may face strong opposition from privacy advocates, consumer groups, regulators and lawmakers. It is very unclear right now how Facebook’s entry into the unregulated world of cryptocurrency will be perceived by lawmakers.
According to reports, company executives said it has engaged with regulators in the United States and abroad about the planned cryptocurrency. Kevin Weil, who runs product for the initiative in Facebook, hopes it can bring global regulators to the table by publicising Libra. "It gives us a basis to go and have productive conversations with regulators around the world," he said.
Facebook said that Calibra will conduct compliance checks on customers who want to use Libra, using commonplace verification and anti-fraud processes. Moreover, the company plans to refund customers who lose money because of fraud.
iWorld
Subedaar puts Indian original cinema on the global map with record-breaking Prime Video debut
MUMBAI: Prime Video has a runaway hit on its hands. Subedaar, the gritty action drama starring Anil Kapoor, has stormed to become the most-watched Indian original movie on the platform in its opening weekend, cracking the Top 10 across 31 countries and landing in 91 per cent of India’s pin codes within days of its March 5 premiere.
The film, a visceral, emotionally-charged story of a retired soldier, Subedaar Arjun Maurya, wrestling with civilian life amid crime and corruption, has struck a nerve. Directed by Suresh Triveni and co-starring Radhikka Madan, Mona Singh, Saurabh Shukla, Aditya Rawal, Faisal Malik, and Khushboo Sundar, the film is already being hailed as a showcase for what Indian original storytelling can achieve on the world stage.
“Subedaar’s success is a reflection of the growing scale and global resonance of Indian storytelling,” said Nikhil Madhok, director and head of originals at Prime Video India. “The film’s emotional narrative, its rooted portrayal of a soldier confronting his toughest battles beyond the battlefield, has struck a chord. Anil Kapoor delivers an acting masterclass, while Suresh Triveni’s solid direction and great performances from the ensemble cast have resulted in love and appreciation from customers across the world.”
Kapoor, 62, has been here before, but rarely at this altitude. Written by Triveni and Prajwal Chandrashekar, with dialogues by Triveni, Saurabh Dwivedi, and Chandrashekar, the film is a production by Opening Image Films in association with Anil Kapoor Film & Communication Network (AKFCN), produced by Vikram Malhotra, Kapoor, and Triveni.
Subedaar streams exclusively on Prime Video in Hindi, Tamil, and Telugu across India, and in over 240 countries and territories worldwide.
For Prime Video, the numbers tell the real story: one weekend, one film, a global footprint, and a very loud signal that Indian original cinema is no longer just travelling well. It’s arriving.
