Business

Facebook’s Libra Isn’t a “Cryptocurrency”

In mid-June, Facebook — in cahoots with 28 partners in the financial and tech sectors — announced plans to introduce Libra, a blockchain-based virtual currency. The world’s governments and...

Facebook’s cryptocurrency has a trust problem

From the beginning, cryptocurrency was about trust. “The root problem with conventional currency is all the trust that’s required to make it work,” Satoshi Nakamoto wrote in the first public announcement of...

Everything we know about Facebook’s Libra crypto plan

Rumours have been swirling around Facebook’s cryptocurrency for months, but now the company finally appears to be ready to reveal what it's been working on. Mark Zuckerberg's firm is expected to release...

Why FinCEN Has The Guns Out For P2P Crypto Exchangers

In the last few months, FinCEN has started to issue some more definitive guidance in how it intends to treat businesses operating in the cryptocurrency trading and exchange space. Previously, we looked ...

Blockchain reduce the need in intermediary banks – the CEO of Blockstream

Blockchain technology is a step towards building open networking as it allows processing international transactions without third-party banking institutions with questionable creditworthiness, according to the CEO of Blockstream Adam Black.

Russia’s Rosneft Could Accept Cryptocurrencies As A Means Of Payment

Igor Sechin, the head of the Russian oil conglomerate Rosneft, has hinted that his company might start to pay for oil using cryptocurrencies. Sechin mentioned that there is an increasing global awareness...

SoftBank’s Masayoshi Son lost $130m in mistimed bitcoin bet

NEWYORK/TOKYO/LONDON (Financial Times) -- Masayoshi Son, founder of SoftBank Group, lost more than $130m in a personal bet on bitcoin, buying near the cryptocurrency's record high and selling after it tumbled, according to...

China Approves 197 Blockchain Firms, Baidu and Alibaba Listed

China’s top-level internet censorship agency has unveiled the first round of firms that were successful in their applications to begin their blockchain-related services in the country. Besides start-up companies,...

Texas Representative Wants to Ban the Anonymous Use of Cryptocurrency

A Republican member of the Texas House of Representatives, Phil Stephenson, has just introduced a bill that would require residents of the state to identify themselves if they wish to use...

Japan’s banks launch digital coin – but blockchain is nowhere to be seen

Japan's goal of creating a cashless society has got one step closer with the release of J–Coin Pay — a smartphone-based digital wallet that uses QR codes to provide payment services.