Facebook’s Mysterious Crypto Project Is Approaching: Facebook hasn’t revealed its plans yet, but the New York Times has looked into the matter. Reportedly, Facebook plans to allow users to send money between family and friends with a crypto-based payment tool.
The world’s biggest social network is in hot water over privacy rights yet again, with another controversy involving user data revealed this week. Facebook revealing they’ve been using an app, called “Facebook Research,” to track the behavior of its users, many teenagers. The app was a voluntary download, with users 13-to-35 receiving compensation in exchange […]
QuadrigaCX, the largest bitcoin exchange in Canada, has lost $190 million worth of crypto after it lost access to its cold storage wallets. An affidavit filed on January 31 with the Supreme Court of Nova Scotia revealed that $190 million in Bitcoin, Bitcoin Cash, Bitcoin Cash SV, Bitcoin Gold, Litecoin, and Ethereum were lost. How Did the Bitcoin Exchange Lose All of its Crypto Funds……
Cryptocurrency has come a long way since its inception. As the industry developed, the volatility has dropped significantly. We saw evidence of that in the second half of 2018 when the market has traded sideways for over 3 months. Specifically, there was very little volatility in September through mid November. Many traders would assume that there is little profit to be made during such a market, however nothing could be further from the truth…….
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At Bitcoin.com, our web portal hosts a developer section aimed at providing Bitcoin Cash (BCH) developers with the resources and tools to program killer applications using the BCH protocol. The developer.Bitcoin.com section has now added an educational resource for newcomers and veterans called Mastering Bitcoin Cash. The documentation offers a comprehensive overview of BCH basics and technical operation of the protocol. The developer section of our website has recently added some literature based on the Creative Commons licensed book mastering bitcoin written by the well-known cryptocurrency educator Andreas Antonopoulos. Bitcoin luminary Antonopoulos has been educating the masses on this technology for years and his work has changed the lives of many individuals in the crypto space…Read more….
After some resistance to blockchain and nonacceptance of the technology, Facebook, the social networks giant, has got down to developing its blockchain team and is currently looking for fresh talents to welcome to growing blockchain unit. In this regard, there have been rumors about launching Facebook’s own digital currency. They are reportedly true.
Those familiar with the matter have revealed that the company is working on developing a so-called stablecoin, digital currency pegged to the US dollar, that will allow users of the messaging app WhatsApp to transfer money on the platform.
As was reported by Bloomberg, Facebook is far from releasing the coin, as at the moment the company is “working on the strategy, including a plan for custody assets, or regular currencies that would be held to protect the value of the stablecoin.” Moreover, the focus will initially be “on the remittances market in India.”
The government of India is implementing a policy of demonetization and adoption of the blockchain technology. In September this year, mobile banking transactions worth of $6.8 million were processed, which marked a new monthly high. The country also leads the world in remittances. As the World Bank estimated, people sent $69 billion home to India in 2017.