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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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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After working with enterprise blockchain technology for over three years, I am becoming a little frustrated with its rate of growth. While there is evidence of growth, there is still too much holding this technology back.Current ResearchIn its March report, IDC shared some positive findings for enterprise blockchain adoption, stating that in many cases, the […]

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All the signs are that Facebook is about to launch its cryptocurrency on June 18, a project known internally as Libra, and that soon, apparently, we will all be using. So what are the implications of a company with 2.4 billion users launching its own currency?Strategically, the movement makes sense for Facebook: at a time […]

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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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Two blockchain-focused startups are teaming up to enable Amazon purchases with ethereum.In a press release published Friday, crypto payments firm CLIC Technology said it is collaborating with blockchain infrastructure provider and B2B platform Opporty to develop an app-like browser extension allowing Amazon customers to pay for items in the ether (ETH) token, even though Amazon […]

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Facebook ’s cryptocurrency is the innovation that no one is asking for. But it might just be the jolt that Bitcoin and other digital assets need.From the details that have emerged so far, Facebook’s coin — reportedly called Globalcoin internally — will be used to make payments on Facebook (ticker: FB) and elsewhere on the […]

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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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Following Jack Dorsey’s commitment to ‘give back’ to the Bitcoin ecosystem, Square Crypto has announced its first employee.Although not without a bit of good-natured trolling on Twitter first.JACK DORSEY’S DESCENT INTO BITCOIN’S RABBIT HOLETwitter and Square CEO, Jack Dorsey, is a big fan of Bitcoin. We know this because a) he doesn’t stop going on […]

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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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