Tag Archives: News

Facebook’s Libra has no doubt incurred a mixed reception among crypto fans and regulators alike, but the fact that it could now be left in the dark by one of its biggest supporters – PayPal – doesn’t look good at all.Libra and PayPal Part WaysPayPal and Facebook are hugely connected through Libra in that former PayPal exec David Marcus is the leader of development with Facebook’s blockchain division. He’s the guy in charge of Libra, and he’s often the man who serves as the face of the...

Tom Lee of Fundstrat fame is back in the news again. This time, he’s explaining why institutional players have been so reluctant to get involved in digital assets.Lee: Crypto’s Not Big Enough for InstitutionsIn a recent interview, Tom Lee explains:There’s a mechanical issue for crypto in terms of infrastructure that’s needed, but there’s probably also a size of market issue.He believes that cryptocurrency might be “too small” for institutional players, who are used to investing in major...

Despite the recent turn of events, despite bitcoin once again falling into the $8,000 range, the currency is still 2019’s best performing asset according to a new report.Bitcoin Is Still at the Top of Its GameThe currency shocked enthusiasts this April when it spiked to the $5,000 range. Many traders and investors thought that day would never come. After all, 2018 had been filled to the brim with humiliating losses that ultimately caused the coin to lose more than 70 percent of its overall...

Apple CEO Tim Cook doesn’t appear to be a fan of Libra… or Facebook, for that matter.Tim Cook: Only Countries Should Be in Control of CurrenciesWhile he didn’t single the two enterprises out specifically, he did speak out against companies that were looking to “create their own currencies.” At press time, all one can really think about is Facebook’s venture into the crypto space through its new coin Libra, which has enjoyed a mixed reception since the beginning of the year when it was first...

Cryptocurrency investment fund Galaxy Digital and over-the-counter (OTC) trading firm XBTO announced they have managed to organize the first block trade ever of Bakkt’s Bitcoin futures contract.In the announcement, Bakkt’s parent company, Intercontinental Exchange (ICE), said the deal is done but hasn’t disclosed any further details (as price or size). Trabue Bland, President of ICE Futures U.S said that since it launched last week, the Bakkt Bitcoin Futures has achieved several milestones,...

As we’re learning, there are multiple uses for blockchain technology (i.e. supply chain data), and IKEA Iceland is proof of that.IKEA and Ethereum: A Solid Match?The furniture conglomerate’s Icelandic offices recently settled an invoice on the Ethereum blockchain, and payment was issued in virtual currency. Ethereum is often sought after for its smart contract capabilities, making it one of the top blockchain to build new coins and decentralized apps on.Unfortunately, according to co-founder...

As we have seen in the crypto world, nobody is safe from crypto-based ransomware, and in the case of one Spanish city – Jerez de la Frontera – that lesson is being learned all over again.Jerez Under FireA hacker has apparently taken an entire city hostage. The computer network of Jerez de la Frontera has been locked up by a malicious actor who is demanding bitcoins in exchange for loosening his or her hold on the system. The attack first began on Tuesday night with what were deemed small...

Eccentric millionaire John McAfee is in the news again. This time, the 2020 presidential candidate found himself mocking Justin Sun on Twitter, saying that he had a bad habit of hyping up events that ultimately never occur.McAfee Points the Finger at SunMcAfee is referring to the $4.5 million lunch Sun allegedly had planned with Berkshire Hathaway CEO Warren Buffett. Over the summer, the lunch was marketed in a way one might advertise a bitcoin hard fork. The situation was being looked at by...

Coinbase, that is a well-known large crypto exchange based in the U.S., has taken a decision to reinstated GBP moves targeted at its UK users. This has become known from the recently published official blog post.The company has further incorporated full support for five brand new crypto assets: XRP, Stellar (XLM), Augur (REP), 0x (ZRX) and Basic Attention Token (BAT) – to GBP digital wallets as the firm reported on a material day. Successful Cooperation between Coinbase and Clearbank Last...

Photo: Vanguard / LinkedInThe Vanguard Group is currently running tests on a new foreign exchange (FX) service which is powered by blockchain technology and will run peer-to-peer. The mutual fund giant is doing this to encourage asset trading and make this activity easier for managers, letting them trade currencies without the costs associated with involving the big investment banks.Bloomberg reports that a familiar source close to the project has revealed that the platform has already been...