By CCN Markets: Facebook has managed to lure some big names to support its cryptocurrency endeavor. According to a report in the Wall Street Journal, payment giants Visa and Mastercard in addition to PayPal and Uber have all jumped onto Mark Zuckerberg’s crypto bandwagon. They are each going to pour $ 10 million into the project for the opportunity to be part of the governance structure of the new cryptocurrency. They even have a name and will be part of what Facebook is calling the Libra Association in a nod to the codename of crypto project. It’s understandable why payment companies
Chinese-based cryptomining firm Bitmain is shutting down the operations of Bitmaintech Israel, its research and development (R&D) center in Ra’anana, Israel, according to reports from local news outlet Globes.
The R&D center, which produced Bitmain’s first Israeli mining pool ConnectBTC, was launched in 2016 to explore meaningful use cases of blockchain technology, as well as artificial intelligence for the company’s Sophon project.
As the market continues its bearish run, Bitmaintech will reportedly close down its operations and lay off 23 of its employees, including Gadi Glikberg, Bitmain’s vice president of international sales and marketing, who held a managing role at the center.
Last week, Poloniex, a top-15 cryptocurrency exchange by trading volume, began offering users the option to trade the two planned Bitcoin Cash (BCH) protocols pre-fork: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV). Today, Hong Kong-based crypto exchange Bitfinex came out to announce a similar product, called Chain Split Tokens (CSTs), including BAB/USD, BAB/BTC, BSV/USD and BSV/BTC trading pairs. These tokens are […]
The game of crypto exchange one-upmanship continued this week as Circle Invest, the retail cryptocurrency trading platform of Circle, announced that it has listed Basic Attention Token (BAT), the token associated with the privacy-focused Brave browser, roughly a week after Coinbase. BAT (Basic Attention Token) has landed! That brings us to 12 coins. Pick up a #crypto dozen today! https://t.co/mh9Y2UfI7f […]
Bitcoin Cash (BCH) staged an unlikely comeback September 27, rising almost 25 percent after news mining giant Bitmain had finally filed for an initial public offering (IPO).
BCH Hits Multiweek Highs
Data from Coinmarketcap shows BCH 00 beating out competition from all of the top twenty cryptocurrency assets for the 24 hours to press time, hitting $ 564 – its highest value since September 5.
Bitmain’s public flotation had been widely anticipated since leaked documents about its pre-IPO investor deck sparked controversy over both its and Bitcoin Cash’s perspectives.
Cryptocurrency exchange Binance has signed a deal with the stock exchange of its new home Malta to host traditional assets using blockchain-based security tokens.
Malta ‘Taking The Helm’
In a press release September 11, MSX, the fintech and digital asset subsidiary of the Malta Stock Exchange confirmed it had signed a memorandum of understanding (MoU) with Binance to launch the security tokens trading platform.
“Malta is taking the helm of regulating blockchain technology and cultivating a center of excellence within the global digital innovation landscape,” Malta Stock Exchange chairman Joe Portelli commented.
Microsoft Corp. announced earlier this week that its native search engine, Bing, will ban all cryptocurrency-related ads by July of this year.
The announcement was made in an official blog post in which the company’s Advertiser Policy Manager, Melissa Alsoszatai-Petheo, made it known to users that in the spirit of “constant work-policy evaluation” and in order to ensure that customers were being provided with the safest and smoothest online experience, Microsoft would ban all crypto-related ads.
The blog post read:
Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.
Coinbase, the largest US Bitcoin exchange, has effectively shut off the account of WikiLeaks Shop as the latter has supposedly been ‘engaged in a prohibited use in violation’ of the platform’s Terms of Service.
WikiLeaks Shop’s Coinbase account has been effectively suspended for being in violation of the platform’s terms of agreements. The original announcement was made by the official Twitter page of the shop itself:
ANNOUNCE: Coinbase has blocked the official @WikiLeaks shop from its platform without notice or explanation. You can continue to donate #Bitcoin to WikiLeaks at https://t.co/lvhoyhlqUa. #Coinbase #DefendWL #Cryptocurrency #Ethereum #BitcoinCash #ReconnectJulian pic.twitter.com/4BSS023OOk