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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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Facebook’s Cryptocurrency: Great Idea, Wrong Company

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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Two Startups Are Partnering to Enable Amazon Purchases with Ethereum

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 Could Be Good News for Bitcoin — Even if It Fails

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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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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Jsck Dorsey’s Square Makes First ‘Bitcoin Not Blockchain’ Hire

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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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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Cryptocurrency Is 10 Years Old, But Has It Really Grown Up?

Bitcoin turned ten on 3rd January 2019. But, a decade after Satoshi Nakamoto mined the ‘genesis block of bitcoin’ and made a momentous step towards bringing cryptocurrency to wider public knowledge, how has it fared?Highs and LowsIn the last decade, bitcoin has endured the substantial highs and lows of any innovation; whether in terms of […]

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