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Facebook says its cryptocurrency will be managed by an independent group, but an analysis finds more than half of the members have links back to the social media giant.

"Most of the association members have highly aligned interests, since the majority of them are for-profit companies with extensive ties with one another,” says Primavera De Filippi. “This creates an important concentration of power, which basically goes against the very idea underlying the use of a blockchain."

Read more in WIRED

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