Facebook is reportedly making a cryptocurrency for users of the messaging service WhatsApp, Bloomberg reports on Dec. 20. The token will purportedly be used for money transfers made within the app, and will focus on the remittances market in India. Citing sources familiar with the matter, Bloomberg states that Facebook is developing a stablecoin. The sources further stated that the …
Apparently, Christmas has come a week early for the crypto market! More festive green across the trading screens as Bitcoin (BTC) breaks above resistance at $3,630 and Ethereum (ETH) climbs back above $100. Short-covering appears to be the main catalyst, with BTC now up more than 20% from its recent lows. In fact certain market participants have been quite open …
Global blockchain platform Waves has raised $120 million in a private funding round for its new project called Vostok, according to an official blog post published Dec. 19. The Vostok project is a “universal blockchain solution” that combines two basic components — its own private blockchain platform, and the Vostok system integrator, a tool for developing and optimizing the platform. …
Here in Stockholm, we’ve entered the long months of winter. In the next few weeks, the sun won’t rise until 9:00 a.m. and it will set just four hours later. Perhaps it’s some combination of our location and temperate climate which makes Swedes both innovative and practical. We have a track record here on commercializing technologies (Stockholm is second only …
Coinbase wants to incentivize the public to learn more about cryptocurrencies – by paying them with crypto. The exchange announced Wednesday that it was launching Coinbase Earn, a new system where Coinbase users can earn 0x tokens by completing various educational tasks, including watching videos and taking quizzes. The platform is invite-only at launch, though anyone can sign up to a …
Crypto startup TrustToken announced Wednesday that its smart contract has passed three independent security audits conducted by Certik, SlowMist and Zeppelin, with no vulnerabilities found. Moreover, its TrueUSD stablecoin has now exceeded $1.1 billion in monthly trading volume, with a $200 million market cap, according to the firm’s data. As part of its efforts to maintain the stablecoin’s security, TrustToken …
Crypto data startup Nomics just secured $3 million in funding from investors including Coinbase Ventures. The company announced Tuesday that the Series A investment will be used to flesh out its engineering team, as well as continue working to index 95 percent of all data pertaining to how crypto assets are traded. Led by Arthur Ventures, the round also saw CoVenture …
Bitcoin (BTC) could be in for a stronger recovery rally ahead of New Year as the recent major sell-off looks to be fading. The leading cryptocurrency by market value had been trading near $3,200 early yesterday, representing an 83 percent drop from the record high of $20,000 reached the same date in 2017. However, BTC, which had been ignoring extreme …
If there’s any doubt institutions are moving fast on crypto asset adoption, take it from a teacher. In developing the syllabus for Fordham Law and Gabelli School of Business, which both offered my new course on blockchains and crypto assets, I was all too aware of the dramatic changes the industry underwent. The ever-shifting landscape and break-neck pace meant that the class, …
As governance becomes more and more prevalent in discussions around consensus protocols, it is clear that Satoshi Nakamoto’s original vision of “one-CPU-one-vote” shaped the entire crypto industry into thinking governance centered around machines, not people. But if artificial intelligence (AI) is indeed a threat to humanity as Elon Musk and Sam Altman frequently warn, why are we risking giving AI …
