Crypto Investment Up 300% in Third Quarter, Grayscale Reports
Grayscale Investments, which offers investors access to Bitcoin and other cryptocurrencies in the form of shares, on Tuesday reported a record third-quarter inflow of over a quarter of a billion dollars.
Monday was supposed to be a big day for Facebook's Libra. Instead, it lost another partner
Monday was supposed to be an exciting day for Libra. Its governance organization, the Libra Association, held an inaugural meeting to select members for its leadership team — a critical milestone for the Facebook (FB)-developed cryptocurrency project.
China wants centralised digital currency after bitcoin crackdown
As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency—one that could allow the government and the central bank to see what people spend their money on, according to analysts.
Uber and Spotify Among Partners to Officially Join Facebook in the Libra Association
Facebook’s remaining partners in its digital currency project signed paperwork Monday to officially join the Libra Association, a new governing body that will oversee the social media giant’s proposed global cryptocurrency, Libra.
UBS implements we.trade blockchain
The platform targets small- and mid-sized corporate clients in Europe with bank payment guarantees and invoice financing. It is a bid to negotiate global contracts without the usual load of paperwork.
How Cryptocurrency And Decentralization Could Change The Entertainment Industry
Streaming giants such as Spotify and Youtube have taken over the entertainment industry in the last decade. With over 19 billion dollars generated in 2018, the music industry has turned into a goldmine for streaming platforms and advertisers.
Bitcoin’s Existential Risks; New Crypto Tax Rules
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Bitcoin And Ethereum Suddenly Soar Despite SEC Blow
Bitcoin and ethereum, the two biggest cryptocurrencies by market value, suddenly soared yesterday despite the U.S. Securities and Exchange Commission (SEC) rejecting the latest attempt at creating a bitcoin exchange-traded fund (ETF).
IRS’s New Cryptocurrency Rules Create ‘Messy’ Problems for Industry
For the first time since 2014, the Internal Revenue Service on Wednesday offered formal guidance on cryptocurrencies like Bitcoin—and not everyone is happy. While the new information clears up some long standing accounting questions, it also could expose anyone who owns cryptocurrency to unpleasant tax predicaments.
UNICEF Expands Use Of Blockchain To Help Deliver For Children
Since 2015, UNICEF has been exploring ways to leverage blockchain technology to support its global humanitarian efforts and accelerate results for children. Blockchain supports new systems of exchange that allow users to send value in the form of cryptocurrency — “crypto” for short — directly from one party to another, without the need for intermediaries. These exchanges are often referred to as smart contracts.
PayPal abandons Facebook-backed Libra cryptocurrency group
Pioneering digital payments firm PayPal on Friday said it is abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators.
Exploring cryptocurrency and blockchain in Iceland
Imagine a hairdryer running on high, continuously, for 24 hours a day, seven days a week. The energy it drains—about 40 kilowatts per hour—equals what one extremely powerful specialized computer uses to mine cryptocurrency. A single six-building data center outside a small town in northern Iceland houses nearly 30,000 of these machines.
Facebook To Be Quizzed By Central Banks Over Libra Cryptocurrency
Facebook faces further scrutiny over its plans to launch its own currency, with representatives of the tech giant set to meet with global regulators on Monday.
Facebook and JP Morgan meet with global central banks to discuss cryptocurrencies
Facebook and J.P. Morgan met with skeptical global central bank officials on Monday to discuss the emergence of new cryptocurrencies designed to maintain a stable value.
France will block development of Facebook Libra cryptocurrency
France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.