It isn’t a secret that when Facebook unveiled its crypto project, Libra, in June, a proverbial fire was lit under the rear ends of the world’s central banks, financial institutions, and governments. While expected to be backed 1:1 by the world’s leading fiat currencies, this blockchain network will be an...
Libra, the cryptocurrency project of Facebook, has just suffered a heavy blow according to a number of sources. Speaking to the Wall Street Journal on Friday afternoon, a spokesperson for the fintech giant, PayPal, said that the company has decided to “forgo further particpiation” in the project. Despite this, they...
Apple Not Going Crypto Since Facebook unveiled Libra in June this year, everyone has wanted to know what Silicon Valley thinks of crypto. On Friday, we got somewhat of an answer, from Apple anyway. In an interview with French publication Les Echos, Apple’s chief executive, Tim Cook, quipped that cryptocurrencies...
Since it was unveiled in June of 2019, the Libra Association has been fielding criticism from the world’s governments and central banks. Key monetary authorities and political pundits from the United States to China have made comments about the Facebook-backed project, often criticizing the risks the stablecoin crypto asset poses...
Booming Mining Ecosystem When nearly half of Bitcoin’s hash rate — a metric used to describe the level of computational power backing the network and processing BTC transactions — seemingly disappeared overnight earlier this week, investors were quick to express their concerns on online forums. Cornell University professor Emin Gün...
Crypto Supported by Finance Firms Revealed by Fortune on Wednesday, in-house crypto trading will soon be offered to clients of SoFi, a San Francisco-based fintech startup “best known for refinancing student loans”. Per an exclusive from Fortune, SoFi’s Invest platform will offer the trading of Bitcoin, Ethereum, and Litecoin after months...
Institutions Put a Pause on Bitcoin Trading Sorry bulls, Bitcoin bears are taking the helm of the cryptocurrency market for now. In the past 24 hours, the BTC price has shed some $400, with the leading digital asset falling all the way to $9,500. With this, coupled with the lull...
IBM Looks to Delve Into Crypto Even Further IBM has long been at the head of technological innovation, continually pushing for the best technology has to offer society for the better part of 100 years. It seems that the firm’s drive for the creation of technological breakthroughs has led it...
Kik Drops Messaging to Focus on Crypto Earlier on Monday, Calcalist reported that Canadian technology giant Kik — the company behind the massive social media messaging app that has been used by millions — was going to shut down its flagship product. The Israeli media outlet also claimed that Kik had...
Bakkt’s Bitcoin Futures are Here It’s time, guys and gals: Bakkt is here. One hour after this article is published, the much-ballyhooed Bitcoin (BTC) futures exchange will have its first weekend pre-open… ever. As spotted by analyst Salsa Tekila, the physically-deliverable contracts from Bakkt will begin trading at 7:55 PM...
Altcoins Could Recover Further After months of bleeding out, altcoins have recently started to mount a comeback. Led by Ethereum and XRP, a multitude of non-Bitcoin crypto assets have managed to gain at least 5% in the past week, as BTC has posted a 3% loss. This has resulted in...
Coinbase to Add Altcoins, Sees Criticism from Crypto Community Coinbase has long been an integral part of the crypto industry. Launched in 2012, the exchange and infrastructure provider has become a way for hundreds of thousands, even millions, to interact with the ecosystems of Bitcoin and other digital assets. But,...
