Facebook is preparing to launch its own cryptocurrency in 2020, it has been reported. The social media giant will set up the digital payment system in about 12 countries in the first three months of next year, according to the BBC. Facebook founder Mark Zuckerberg has reportedly discussed the plan with Bank of England governor…
The launch of a crypto-like-currency by social media giant Facebook has been the topic of many discussions in the Bitcoin and digital asset space recently. However, little was known about it outside of the company developing a mysterious blockchain department and rumours about a WhatsApp-based digital coin being launched by the firm. According to a…
Even for something as notoriously volatile as bitcoin, the cryptocurrency's recent price fluctuations have been extraordinary. Its value surged from $4,000 at the start of April to $8,000 by mid May, before yoyo-ing between $7,000 and $8,000 over the last few days. Cryptocurrency experts have attempted to explain the rollercoaster market, citing a combination of recent good news…
Celebrated economist Joseph Stiglitz has recently spoken out against cryptocurrencies. The Nobel Prize winner even went as far as to say that crypto needed to be “shut down”. Evidently, Stiglitz doesn’t fully comprehend just what it would take to “shut down” most cryptocurrencies, let alone Bitcoin. Planning a war against a target with few perceivable…
Elon Musk has taken to Twitter to promote a bitcoin-style cryptocurrency called Dogecoin. The Tesla and SpaceX chief executive posted a satirical news article about "crazy imaginary internet money" and a meme with the caption "Dogecoin rulz". He also changed his Twitter biography to read: "CEO of Dogecoin". We’ll tell you what’s true. You can form your own view. From 15p €0.18 $0.18 USD…
Bitcoin's dramatic price gains over the last 24 hours have prompted cryptocurrency experts to predict a shift in market sentiment among investors and traders. A 20 per cent rise in value to $5,082 (£3,900) on Tuesday morning came after months of stagnating prices for bitcoin and other major cryptocurrencies like ethereum and ripple. Speaking to The Independent, several market…
Cryptocurrency exchanges are charging their customers more than what an average mainstream stock exchange does, according to Alex Krüger. The cryptocurrency analyst broke down the fee structure of some of the most popular crypto spot trading platforms. He compared the commissions charged for the lowest volume trades with those imposed by traditional brokers and exchanges,…
Facebook is reportedly preparing to launch its own version of bitcoin for use in its messaging applications, WhatsApp, Messenger and Instagram. Could this “Facecoin” be the long-awaited breakthrough by a global technology giant into the lucrative market for retail financial services? Or will it be yet another exaggerated “crypto” project, buying into the continuing excitement about…
As Bitcoin moves ever closer to its block reward reduction, analysts are becoming more and more convinced that BTC will rally into the quadrennial event. One analyst notes that as this market nears the auspicious shift in issuance, the cryptocurrency could double by value, especially considering historical trends. Related Reading: Analysts Widely Bearish on Bitcoin as…
The US Marshals Service is appealing for help disposing of seized or forfeited cryptocurrency. The government body is looking for firms to provide feedback on appropriate methods to store, liquidate, or potentially return Bitcoin and other cryptos involved with financial crimes. A request posted on FedBizOpps details a potential position with the US Marshals for…