The price of ethereum’s native cryptocurrency ether (ETH) surpassed $300 today to hit ten-month highs. The world’s second largest cryptocurrency by market capitalization climbed above the psychological hurdle at 01:10 UTC and extended gains further to $306 – a level last seen on August 19, 2018. As of writing, ETH is changing hands at $304,
The cryptocurrency regulation debate is expected to be at the center of the upcoming G20 summit where representatives from various countries will evaluate the new legal action course that has been proposed by the International Financial Action Task Force. The FATF is expected to release the proposals for new international standards governing cryptocurrency business on
On Tuesday, Facebook and its partners unveiled its new cryptocurrency dubbed Libra coin that will transform how its over 2.38 billion users perceive the use of crypto to make purchases. Libra to Bring “Unbanked” Individuals to the System The project is offering a stable digital currency that expects to bring more unbanked individuals into the
Visa announced today that it is entering the $125 trillion money-transferring market and using blockchain technology to do so. Its new product, Visa B2B Connect, is newly launched and allows businesses to transfer money across the globe faster and safer. Let’s check this out. Visa B2B Connect The company has its sights set on cross-border,
In the crypto space, it’s not uncommon to see a crypto wallet get hacked. It’s unfortunate, of course, but not unusual. And the latest crypto wallet hack came this week. On Thursday, GateHub said more than 100 customers have had their ledger wallets hacked, resulting in their funds being stolen. Here’s everything we know. GateHub
According to CNBC, Facebook will announce its cryptocurrency later in June. Further, those working on the project will be able to take their salary in its new currency—the Facebook coin. Let’s check this out; here’s what we know. Facebook Coin: To Be Announced in Late June Rumors have surfaced for months now about Facebook’s new
Some weeks back, Facebook indicated that it was launching a cryptocurrency payment service called Project Libra. The company has had a series of talks with various e-commerce companies as well as financial firms seeking support for the payment service. The latest discussions involve the US Commodity and Futures Trading Commission regarding Facebook’s stable coin initiative: GlobalCoin.
While not official, it looks like we’re going to see Facebook’s GlobalCoin sometime soon. And yet, if this rollout does happen, new research has indicated that the Facebook cryptocurrency will struggle to gain traction. Here’s why. Facebook’s GlobalCoin Hits Roadblock The most recent piece of news about Facebook’s GlobalCoin came out last week, on May 24.
EOS still maintains the top spot in China’s cryptocurrency rankings list. The superpower updated its list last week, proving that EOS is still the favorite. Bitcoin has climbed up three places and now sits in 12th position. Considering Bitcoin is up 10% to press time and approaching the $9k mark, its a wonder why it
Earlier this week, there were rumors that eBay (NASDAQ:EBAY) is going to start accepting cryptocurrency as a form of payment. While the e-retailing giant did not confirm these rumours at the time, many thought it was true: the company’s banners at the Consensus conference indicated so. But it’s not true. And the company has now
There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in
Epic Games—the developer behind the global success Fortnite—is partnering with blockchain game distribution platform, The Abyss. The company made the announcement earlier today. Epic Games and The Abyss Blockchain The Abyss blockchain is a new digital gaming platform that offers MMO’s (Massively Multiplayer Online games) and other video games. Offering a Platform-as-a-Service (PaaS) business model,
Europol indicated that on Wednesday the Dutch Fiscal Information and Investigation Service had seized Bestmixer.io which is a bitcoin transaction mixer. A statement from Europol referred to the action as the “first law enforcement action of its kind against such a cryptocurrency mixer service.” Europol, FIOD and Luxembourg Authorities Seize Bestmixer.io The operation that was
Bitcoin enthusiast and crypto fund manager Brian Kelly has told CNBC that Bitcoin price could rise further in the coming months. His prediction isn’t unfounded; there is an impending supply cut on the horizon and this should help to push prices higher. Brian Kelly Predicts Bitcoin Price will Rise In an interview on CNBC’s Fast
The top ten cryptocurrencies are all in green boasting moderate gains. For example, Ethereum is up 2% and Bitcoin Cash up 4.38%. Leading coin by market value, Bitcoin, is 1.75% in the green, nearing $8,000 USD per coin—much to the excitement of the bulls. However, its hard to ignore the not-so-moderate gains that Bitcoin SV is
Weekly trading volume for the world’s second largest cryptocurrency by market value, Ethereum (ETH), reached its highest notional value in over 17-months on the popular exchange Coinbase. In Coinbase’s two most popular ETH markets, ETH/BTC and ETH/USD, a combined total of 3,675,570 units of ETH changed hands from May 13 to May 19, which at