cryptocurrency

Facebook Considering Currency-Backed Stablecoins For Libra

Following the departure of several major backers of Facebook’s Libra cryptocurrency, Reuters is reporting the social media giant is considering a compromise. Initially, Facebook proposed a synthetic unit for the cryptocurrency. The company’s efforts have been met with widespread suspicion and criticism from governments around the world. In what is no doubt an effort to …

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How Libra Will Change Social Media Marketing

Mark Zuckerberg has already changed the way we market. The rise of Facebook, with its mixture of detailed personal demographics and ongoing engagement, has forced marketers to create new ways of building relationships with leads and customers. As the platform has grown, we’ve all grown used to creating posts, producing videos, broadcasting live, answering questions, …

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Like Libra But Without Facebook

In the wake of reports that Facebook’s Libra currency is losing backers, Mashable is reporting that OpenLibra is being positioned as an alternative, “an open platform for financial inclusion. Not run by Facebook.” The new cryptocurrency was announced in Osaka, Japan at the Ethereum Foundation’s Devcon 5 conference. The currency will share the same Move …

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Facebook Libra Backers Back Out

A week ago we covered a Wall Street Journal article highlighting potential trouble for Facebook’s Libra cryptocurrency, as multiple backers were reconsidering their commitment to the project. Fast-forward a week and things have only gone from bad to worse. As Bloomberg reports, PayPal was the first to announce they were leaving on October 6, with …

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Why each Libra member’s mutiny hurts Facebook – TechCrunch

There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into their Libra …

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Big blow to Facebook’s Libra: Mastercard, Visa, Stripe, eBay and Mercado Pago all pull out

The floodgates opened today on Facebook Inc.’s Libra Association as no fewer than five more companies exited the group overseeing the social network’s proposed cryptocurrency: Mastercard Inc., Visa Inc., eBay Inc., Stripe Inc. and Mercado Pago. Reports that some companies were looking to withdraw their support from Libra surfaced Oct. 1, with PayPal Holdings Inc. becoming the first to …

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How is Blockchain Revolutionizing the Hiring Process

There is no denying that blockchain technology has the potential to revolutionize all industries across the business spectrum completely. The most notable revolution of this technology is in the cryptocurrency trade. Crypto trade has made it easy and convenient for investors to verify financial transactions. The crypto-technology safeguards Bitcoin data against malicious tampering in the …

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Libra Currency Backers Reconsidering Involvement

The Wall Street Journal (WSJ) is reporting that financial backers of Facebook’s cryptocurrency, Libra, are having second thoughts. According to sources familiar with the situation, Visa and Mastercard—both members of the Libra Association created by Facebook to oversee the project—are having doubts about continuing to back the currency amid criticism from various governments. Neither of …

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Side-Channel Attack Shows Vulnerabilities Of Cryptocurrency Wallets

What’s in your crypto wallet? The simple answer should be fat stacks of Bitcoin or Ethereum and little more. But if you use a hardware cryptocurrency wallet, you may be carrying around a bit fat vulnerability, too. At the 35C3 conference last year, [Thomas Roth], [Josh Datko], and [Dmitry Nedospasov] presented a side-channel attack on …

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Learning From Silicon Valley About Blockchain Adoption

One of Silicon Valley’s most compelling attributes is its lack of interest in the traditional bottom line. While most companies focus on revenue and profitability, Silicon Valley leaders tend to view valuation as a success barometer. Because of this mindset, Valley-based companies don’t mind taking significant risks as long as they help achieve big-picture visions. …

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Craig ‘Satoshi’ Wright to appeal $5B bitcoin court ruling

Craig Wright, the man who on several occasions has claimed to be bitcoin creator Satoshi Nakamoto, is appealing a court ruling that ordered him to hand over around $5 billion in bitcoin to the estate of former business partner David Kleiman. Southern District Court of Florida magistrate Bruce Reinhart ruled in late August that Wright (pictured) should not …

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French ‘cybergendarmes’ take down huge cryptomining botnet

French police have managed to take down a botnet of more than 850,000 computers that were being used to mine the Monero cryptocurrency. The operation, led by a team from France’s C3N digital crime-fighting center dubbed “cybergendarmes,” targeted the botnet after being tipped off earlier this year to its existence by antivirus firm Avast Software s.r.o., the BBC reported last …

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