The Libra charter has been signed by 21 organizations, just days after several high-profile payment processing and e-commerce companies withdrew from the controversial stablecoin project led Facebook. The Libra Association named its board of directors and formed the consortium’s executive team during a conference held in Geneva, Switzerland. Facebook is moving forward with Libra along Read more…
Social media giant Facebook has been on the receiving end of a barrage of regulatory pressure since announcing its crypto project Libra earlier this year. As the digital ship starts to spring leaks before it is even launched, the rats are already deserting it. PayPal Pulls Out Global payments giant PayPal has announced its departure Read more…
If you have been in the world of cryptocurrencies for a long time, you should have experienced the evolution of the business models. In the initial phase, there were many business models linked to advertising. The already known “faucets”, and the PTCs (Paid To Click) were a viable way of acquiring small portions of cryptocurrencies Read more…
ECB President Not Too Worried About Crypto… Yet Earlier this year, Facebook famously unveiled Libra to the world. The cryptocurrency project, billed as a way to empower billions, quickly became the talk of the town, with the phrases “Libra” and “Facebook’s crypto/blockchain” gracing the notifications of the phones of millions. Unsurprisingly, central banks, governments, and Read more…
Since cryptocurrencies proved to be investing instruments able to generate returns, a lot of people currently trading stocks are thinking to add them in their portfolio. Some want to know how to get started in stocks while also diversifying using crypto to profit from both markets. Today we’re going to bust the myth claiming that Read more…
Despite operating its own largely unsuccessful, state-backed cryptocurrency, the petro, the central bank of the Bolivarian Republic of Venezuela is also considering adding bitcoin to its balance sheets, giving state institutions the ability to settle payments in cryptocurrencies. Cryptocurrency mining has been especially popular in Venezuela for several years, due to factors such as the Read more…
Despite its wild volatility and mounting regulatory pressure in the US, another company has joined the ranks of those offering crypto trading services. SoFi Enters Crypto Arena San Francisco based student loan refinancing firm SoFi announced this week that it would offer crypto trading for three major digital currencies. According to CEO Anthony Noto, the Read more…
Cybercriminals have launched a new malware conceived to steal data from crypto wallets. ThreatLabZ, a Zscaler team of security experts, has identified the malware as a RAT (Remote Access Trojan), which they named InnfiRAT. Malware Continues to Rise Malware using backdoors methods to gain unauthorized access to computers and other electronic appliances continue to pose Read more…
Are Millennials and Gen Zers (post-millennials) driving the growth in adoption of cryptocurrencies? A growing amount of recent research suggests that the overall increase in society’s acceptance of the technology is exponential and is concentrated among the youngest cohort of the population. If you’ve been to cryptocurrency conventions or meetups, you’ll be aware that this Read more…
Fresh reports have revealed that France wants to block Facebook’s Libra cryptocurrency in Europe. Meanwhile, financial regulators in Switzerland say they are open to international cooperation in the creation of a regulatory framework for the proposed cryptocurrency project. Libra Shall Not Pass London-based City A.M. has released a report purportedly from AFP that regulators in Read more…