The announcement of Libra, Facebook’s new cryptocurrency, has run into immediate political opposition in Europe, according to a report by Bloomberg. French Finance Minister Bruno Le Maire said Libra can’t be seen as a replacement for traditional currency. “It is out of question’’ that it...
For bitcoin — and for cryptocurrency brethren — a stretch of calm before the storm? The official debut of a new cryptocurrency, Libra, may have stalled a rally in the marquee name in digital coins. Libra is the currency that will ride the new permissioned...
In an effort to let shoppers make purchases on Amazon via Ethereum, CLIC Technology, Inc. and B2B platform Opporty are set to roll out a progressive browser extension. The technology is powered by off-chain processing of assets that are on-chain, according to a press release from CLIC....
According to reports out in The Wall Street Journal this morning, Facebook has found some big-name backers for its Libra cryptocurrency project set to debut next year. Facebook reportedly plans to give the world the first sneak peak at the product next week. The project...
AT&T has announced that customers can now pay bills with cryptocurrency using BitPay, a crypto payment service, according to reports. “We’re always looking for ways to improve and expand our services,” said Kevin McDorman, vice president of AT&T Communications Finance Business Operations, in a statement....
Crypto hubs are creating digital currencies to bolster local commerce within cities: Tel Aviv, for instance, is distributing cryptocurrency in an experimental rewards program. Customers who make purchases through an app from Colu designed to support local payments at businesses will get 25 coins in...
OneCoin has sent a letter to the press denying that it is a “hybrid Ponzi-pyramid scheme” and scam. In March, United States prosecutors announced criminal charges against the leaders of OneCoin: Konstantin Ignatov, 33, and his sister Ruja Ignatova, 38, known as the “Cryptoqueen.” Prosecutors...
All businesses need capital to survive. That is especially true for embryonic firms with untested business models or products or services. The lack of access to capital can truncate firms’ ability to grab onto new opportunities, to gain scale, to build an audience or even...
Fundamentals? Or merely a blip? A 60 percent surge in a month – for anything, really, be it stock or bond or digital currency – is nothing to sneeze at, but it could be something to see with wonder. Or to make one wonder why....
