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Facebook To Unveil New Cryptocurrency; Visa And PayPal Among Partners

Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants.The world’s biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of “blockchain” technologies such as bitcoin.Facebook is […]

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South Korean Cryptocurrency Exchanges To Be Held Liable For Any Lost Assets In The Future

Five cryptocurrency exchanges in South Korea including Bithumb have changed their terms of service to state they will be liable for user losses after a cyber attack or system malfunction – regardless of whether they were “willfully or grossly negligent”, Yonhap Press Agency writes. The move follows a recommendation from the Fair Trade Commission last year. […]

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How Blockchain Takes Us Back To Medieval Times

The marketing spiel about ​distributed ledger technology (DLT) often promises to liberate financial institutions from the costly burden of having to pledge billions of dollars in margin to clearing houses on the basis that trades complete instantaneously, meaning counterparty risks are eliminated.But this, according to a new report by Greenwich Associates’ Ken Monahan, is a wrong-headed […]

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Facebook Secures Cryptocurrency Partners

Stocks are down at mid-day Friday, with the information technology sector down by more than 1%. Facebook (FB) is making headlines today on news that it has secured commitments from a number of major finance and technology companies to partner on its upcoming cryptocurrency, Libra. These partners will hold payment-verification and governance roles in exchange […]

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Dark Horse Cryptocurrency Spikes 60% After Surprise Google Shout-Out

A little-known cryptocurrency spiked more than 60% after Google gave the project a surprise shout-out in an equally-unexpected blog post on how to use Ethereum and Google Cloud to build hybrid blockchain applications.Google Sends Chainlike Cryptocurrency Into the StratosphereThat cryptocurrency, Chainlink (LINK), enjoyed a parabolic swing that launched its price as high as $2.00 on […]

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