Day: December 28, 2018

How Facebook’s Relationship With Crypto Changed Over 2018

boss

On Dec. 20, Bloomberg reported that Facebook is making a stablecoin for WhatsApp users. The cryptocurrency will reportedly be used for money transfers made within the messaging app and will focus on the Indian market. The move provides a curious juxtaposition for the social media giant, which banned cryptocurrency-related advertising across its network back in January and then partly reversed it in June. Here’s how Facebook’s relationship with cryptocurrencies and blockchain has been developing in 2018 — overall, it has been a patchy road. January: Zuckerberg is being bullish about…

Too Soon for Blockchain Benefits in 2019, Says UPS Executive

boss

Senior executives at United Airlines (UA) and logistics giant UPS think 2019 will not be the year blockchain goes mainstream, the Wall Street Journal reported on Dec. 28. Speaking to the publication, UPS chief engineering and information officer Juan Perez and UA’s executive vice president of technology and chief digital officer Linda Jojo remained level-headed on blockchain’s prospects. “We have a small team looking at blockchain, but we are still searching for the killer use case,” Jojo said. As 2018 draws to a close, blockchain has faced mixed reviews in…

Africa Conducts Over 17,000 Peer-to-Peer Trades Per Day Using Gift Cards

boss

Paxful, the peer-to-peer alternative to LocalBitcoins, has reported to CCN that over 17,000 peer-to-peer trades per day take place in Africa using their platform. The majority of these trades take place with iTunes and Amazon gift cards as the payment methods. You read that right: people in Africa are acquiring Bitcoin by using gift cards, which they can buy in their local fiat. Africa is the top market for Paxful at present time, and they have gone a long way to acknowledge as much. As CCN recently reported, they are…

Research Team Demonstrates Hard Wallets Vulnerabilities, Trezor Promises Firmware Update

boss

Researchers have reportedly shown how they were able to hack the Trezor One, Ledger Nano S and Ledger Blue at the 35C3 Refreshing Memories conference. The demonstration of the hacks was published in a video on Dec. 27. The research team behind the dubbed “Wallet.fail” hacking project is made up of hardware designer and security researcher Dmitry Nedospasov, software developer Thomas Roth and security researcher and former submarine officer Josh Datko. During the conference, the researchers announced that they have been able to extract the private key out of a…

$4 Billion Lawsuit Against Craig Wright Moves Forward as Judge Declines Dismissal Request

boss

A United States court has rejected repeated requests from nChain chief scientist Craig Wright to dismiss a $4 billion lawsuit against him, documents revealed Dec. 27. In the latest stage of an ongoing legal battle over Wright’s alleged theft of Bitcoin (BTC) from the estate of deceased crypto developer David Kleiman, a South Florida District Court judge denied an application to have the charges thrown out. The case originally came to court in February, with Kleiman’s family alleging Wright stole up to 1.1 million BTC after he passed away. Wright,…

Major Crypto Exchange Huobi To Cut Staff, Will Other Startups Follow Suit?

boss

For much of 2018, crypto startups seemed invincible. As Bitcoin (BTC) collapsed, falling to new multi-month lows each and every month, this industry’s participants barely flinched. Yet, as 2018 has come to a head, a number of industry heavyweights have ostensibly fallen victim to financial shortcomings, dropping the guise of fortitude in a hot second, so to speak. Bitmain and Huobi, both juggernauts in this nascent industry, are the most recent firms to have succumbed to the bear market blues. Crypto Giant Huobi To “Optimize Staffing” Many in America may not realize it,…

Bitcoin Will Bottom when the Price Plunges below $3K, Says BTC Zealot Anthony Pompliano

boss

Photo: QuoteInspector / Flickr This year Bitcoin hasn’t managed to show such excellent results that it had in 2017. Nevertheless, it’s still not a reason to put it to pasture. And the end of the year is definitely quite an appropriate time to speak about the future of this crypto. Bitcoin: New Decrease? According to a world-famous Bitcoin zealot Anthony Pompliano, despite the fact that last week Bitcoin reached the mark of $4,000, it still may fall further. Anthony Pompliano, who is also known among the crypto community as Pomp,…

Bitcoin for $22K and Blockchain Erasing Industries’ Barriers: Biggest Predictions for 2018

boss

Photo: Pavlos Giorkas / Flickr In the controversial world of cryptocurrencies, everybody tries to make guesses and predict future market tendencies, prices, estimate the prospects of some projects, etc. Some of those predictions are true, some are not. It’s time for us to have a look at all the hopes and fears of 2018 and see what predictions were true, and what guesses were wrong. Guesses that Came True At the beginning of 2018, Ari Paul, the co-founder of the large-scale cryptocurrency hedge fund Block Tower, provided a number of crypto-related predictions…

PR: ACD and Bitcoin.com Have Teamed up to Launch Payments With Bitcoin Cash

boss

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. December 28th, 2018Bitcoin.comACD Inc Bitcoin.com CEO Roger Ver has announced a strategic partnership within the cryptocurrency space between his company and the Tokyo-based ACD Inc (funded by ANA Holdings). Based on this alliance, ACD’s token will be launched on the Bitcoin Cash network as a…

Third-Largest Crypto Exchange Huobi’s Derivative Market Now Includes EOS

boss

Cryptocurrency exchange Huobi’s derivative market now supports altcoin EOS, according to an official press release shared with Cointelegraph on Dec. 28. Huobi is currently the third-ranked cryptocurrency exchange by adjusted volume on CoinMarketCap, with around $505 million in 24 hour volume at press time. Traders will reportedly be able to take both long and short positions on EOS. The decision to create the derivative contract is part of the exchange’s “ongoing efforts to address customer demand.” According to the press release, the contract will support price limit, order limit and…