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Facebook's cryptocurrency-based payments system gets big backers
Fri, Jun 14, 2019
Facebook Inc has enlisted more than a dozen companies including Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back its new cryptocurrency, the Wall Street Journal reported.
Deal in cryptocurencies? Draft bill proposes 10 year jail term
Mon, Jun 10, 2019
A recent draft bill that proposes jail term for a person dealing in cryptocurrencies continues to call mixed reactions in India and the cryptocurrency market around the world.
Facebook may introduce its cryptocurrency in June
Thu, Jun 06, 2019
Given Facebook`s infamous security management, the blockchain would supposedly be "far more centralised" than Bitcoins and the company would tap outside firms to help run the system.
Facebook may launch its cryptocurrency this month
Thu, Jun 06, 2019
Facebook may finally launch its long-rumoured cryptocurrency later in June. The cryptocurrency, under Facebook`s "Project Libra", is reportedly aimed at allowing Facebook`s global users to transfer money across borders and to make online purchases.
Facebook plans to launch its own cryptocurrency next year: Report
Sat, May 25, 2019
Facebook's currency would be "stablecoin", a digital unit pegged to the dollar in contrast to more anarchic means of virtual payment such as bitcoin, according to earlier reporting by Bloomberg and the Wall Street Journal among others.
Facebook sets up Libra Networks to create its own cryptocurrency
Mon, May 20, 2019
Facebook wants to be part of the exciting world of digital currency and before any other technology giant takes the leap, the social networking service has reportedly started working on its virtual money in Switzerland. According to a Swiss news site Handelszeitung, Facebook has set up a company called Libra Networks in Geneva that will help CEO Mark Zuckerberg build the cryptocurrency.The company is owned by Facebook Global Holdings II in Ireland and will focus on developing the hardware and software for digital currency-related functions including payments, financing, identity management, big data, analytics, and blockchain.
Bitcoin tops $8,000 as it hits highest since July 2018
Tue, May 14, 2019
Bitcoin was last up nearly 17% at $8,131 on the Bitstamp exchange, the largest daily percentage jump since early April. It hit a high of $8,167.50, a roughly 10-month peak.
Cryptocurrency thefts, fraud hit $1.2 billion in first quarter, says a report
Wed, May 01, 2019
Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018.
Bitcoin jumps to a six-month high as 2019 rally grows
Tue, Apr 23, 2019
Other major cryptocurrencies that tend be correlated to bitcoin such as ethereum and Ripple`s XRP also gained.
Cryptocurrency companies use 'backdoor' listings to ease into mainstream markets
Fri, Feb 22, 2019
In the most recent deal, US crypto broker-dealer Voyager Digital on Feb. 11 achieved a "backdoor" listing on Toronto`s Venture Exchange after it bought control of mineral exploration firm UC Resources.
Mystery deepens over dead CEO with $145 mn worth cryptocurrency passwords
Sat, Feb 09, 2019
"In an application to probate the will, filed on December 21, 2018, Robertson confirmed that the gross value of Cotten`s personal property - all of which was left to her - was $9.6 million. She was granted the right to administer his estate as executor on January 2," the report claimed.
Cryptocurrency firm Robinhood wins New York trading license
Fri, Jan 25, 2019
Robinhood is an online brokerage platform that allows retail investors to trade U.S. stocks and exchange traded funds, without paying any commissions. It competes with established brokerage houses such as TD Ameritrade and E*Trade Financial Corp.
Cryptocurrency fraud: Beware! Save your money - How not to fall into this cheating trap
Thu, Jan 10, 2019
Cryptocurrency fraud: Next time someone approaches you to invest in virtual currency, beware!
Jammu and Kashmir Police warns against investing in cryptocurrency
Wed, Jan 02, 2019
The Reserve Bank of India (RBI) has not given any license and authorisation to any entity and company to operate in such schemes or deal with bitcoin or any virtual currency, and such cryptocurrencies do not have any regulatory permission or protection in India, the advisory stated.
Bitcoin under $3,500 now! This cryptocurrency's journey is hair-raising
Mon, Nov 26, 2018
Bitcoin, the virtual currency which had made many millionaires after it witnessed a steep rise in its value last year has, since then, has made many others poorer by same amounts over the recent weeks.
Bitcoin falls below USD 5,000 for first time since Oct 2017
Tue, Nov 20, 2018
Bitcoin is now down more than 30 percent since last Thanksgiving, when it gained household-name status and became a common topic around dinner tables.
Nasscom calls Cryptocurrency illegal; asks players to obey the law and seek govt clarification
Thu, Oct 25, 2018
Ghosh said from Nasscom perspective, it was very clear that cyptocurrencies were illegal.
Japanese messaging app operator Line to launch cryptocurrency
Fri, Aug 31, 2018
The company said the digital coin "LINK" will be given as rewards to users of its services and could be traded with other cryptocurrencies at its crypto exchange, BITBOX. The coin is not available for users in Japan and the United States for regulatory reasons, it said.
Singapore's Golden Gate Ventures launches $10 million cryptocurrency fund
Fri, Aug 10, 2018
Singapore-based venture capital firm Golden Gate Ventures said on Friday it will launch a $10 million fund to invest in cryptocurrency and blockchain technology startups.
Bitcoin is trash? See how Mastercard CEO Ajay Banga blasted cryptocurrencies
Thu, Jul 26, 2018
"I think crypto-currency is junk .The idea of an anonymized currency produced by people who have to mine it, the value of which can fluctuate wildly - that to me is not the way that any medium of exchange deserves to be considered as a medium of exchange," Mastercard President and CEO Ajay Banga said.