San Francisco: Social networking giant Facebook has been accused of using a logo for its new cryptocurrency play, similar to the logo of an online banking company called ‘Current’. Earlier this week, Facebook announced its own global digital coin called ‘Libra’, to be managed by a governing body called the Libra Association. Calibra is the name of the subsidiary that would run the wallet. According to the CEO of Current, Stuart Sopp, the logo for Calibra is similar to Current’s logo, CNET reported on Thursday. Also Read – Spotify rolls out Siri support, new Apple TV app “This is a funny way to try and create trust in a new global financial system — by ripping off another Fintech firm,” the report quoted Sopp as saying. “We put six months of hard work into this with that design firm, which they basically reused for Facebook without changing much — Facebook is a big company that should have done their due diligence on this.” Sopp has revealed that both of the logos have been designed by the same San Francisco-based design firm called Character and both the logos feature a wave inside a circle. The online banking company tweeted a picture of both the logos in one frame and captioned the post: “This is what happens when you only have one crayon left.” According to the media reports, Current is a consulting law firm Goodwin Procter to decide whether it has a trademark or patent infringement case against the social networking giant.
A spokesman for Mr. Annan said in a statement that the Secretary-General urged Israel to end its six-month old blockade on Palestinian areas and transfer all outstanding revenues to the Palestinian Authority. Mr. Annan also called for the full implementation of the understandings reached at last year’s Sharm El-Sheikh Summit.In making his call, the Secretary-General warned that the current violence “threatens to get out of control with unpredictable consequences.” He emphasized that security measures alone would not halt the unrest and reiterated his strong conviction that the current crisis could only be resolved through the resumption of political negotiations.Meanwhile, in a letter released today at UN Headquarters, the Chairman of the Committee on the Exercise of the Inalienable Rights of the Palestinian People urged the Secretary-General to remain actively engaged with the parties in an effort to end the violence and resume the Israeli-Palestinian dialogue.Ibra Deguène Ka also said that the UN could take steps to help protect Palestinian civilians, such as setting up a protection mechanism in the Occupied Palestinian Territory, including Jerusalem.”The Committee is of the view that, in the circumstances, the parties may need outside assistance in order to break out of the vicious circle of violence,” wrote the Chairman. “A more assertive approach may be considered – one that would benefit both sides and help restore calm.”