Crypto Currency

Facebook is building a cryptocurrency to be used in WhatsApp, report says

Facebook is working on a cryptocurrency that will let users of WhatsApp — the messaging service that the social network giant acquired in 2014 — send and receive money, Bloomberg reported Friday, citing people familiar with the matter.  The initial focus of this effort would be the remittances market in India, the report says, and…


Facebook is working on a cryptocurrency that will let users of WhatsApp — the messaging service that the social network giant acquired in 2014 — send and receive money, Bloomberg reported Friday, citing people familiar with the matter. 

The initial focus of this effort would be the remittances market in India, the report says, and the cryptocurrency would be a stablecoin — a special type of cryptocoin which has its value pegged to some real world asset, such as the U.S. dollar.

According to the report, this stablecoin might not launch for quite some time, as Facebook hasn’t yet decided on key aspects, including the currency or currencies the stablecoin would be pegged to. 

Stablecoins have been a popular crypto-niche in 2018, as they solve one key issue that prevents Bitcoin and other major cryptocurrencies being usable for payments and microtransactions: volatility. S

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Crypto Currency

Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup

Crypto-friendly billionaire Elon Musk is known for his cryptic social media posts. This time, his online activity triggered a dramatic pump-and-dump of cryptocurrency.Read more…

Crypto-friendly billionaire Elon Musk is known for his cryptic social media posts. This time, his online activity triggered a dramatic pump-and-dump of cryptocurrency.Read more…
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Crypto Currency

Do Kwon Pleads Not Guilty to Fraud Following Extradition to US: Reuters

Kwon’s Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion…

Kwon’s Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion…
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Crypto Currency

Exclusive: Coinbase Acquires BUX’s Cyprus Unit; Is the Crypto Giant Entering CFDs?

Coinbase, the US-listed cryptocurrency exchange giant, has acquired the Cyprus unit of BUX (formerly Stryk) and renamed the entity Coinbase Financial Services Europe, Finance Magnates has learned.Yorick Naeff, CEO of BUX, also confirmed the deal, saying: “We are pleased with the sale of our MiFID licensed entity…

Coinbase, the US-listed cryptocurrency exchange giant, has acquired the Cyprus unit of BUX (formerly Stryk) and renamed the entity Coinbase Financial Services Europe, Finance Magnates has learned.Yorick Naeff, CEO of BUX, also confirmed the deal, saying: “We are pleased with the sale of our MiFID licensed entity…
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Crypto Currency

KuCoin Launches KuCoin Pay

Reading Time: 2 minutesCrypto exchange KuCoin has launched KuCoin Pay, a payment system designed for merchants and individuals to facilitate cryptocurrency transactions The platform prioritizes real-time transactions, enhanced security, and user-friendly interfaces to advance the adoption of crypto in everyday commerce KuCoin Pay accommodates a variety of cryptocurrencies…

Reading Time: 2 minutesCrypto exchange KuCoin has launched KuCoin Pay, a payment system designed for merchants and individuals to facilitate cryptocurrency transactions The platform prioritizes real-time transactions, enhanced security, and user-friendly interfaces to advance the adoption of crypto in everyday commerce KuCoin Pay accommodates a variety of cryptocurrencies…
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