Facebook Releases Cryptocurrency White Paper for Libra Currency

Facebook has released the white paper for its stablecoin project. Social media giant Facebook has released the white paper for its long-awaited cryptocurrency and blockchain-based financial infrastructure project today, June 18. According to the paper, Facebook’s global stablecoin, dubbed “libra,” will operate on the native and scalable Libra blockchain, and be backed by a reserve […]

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Source: South American Online Marketplace Working With Facebook on Crypto Project

South America’s major e-commerce network is reportedly a partner on Facebook’s cryptocurrency project South American online marketplace Mercado Libre is working with Facebook on the social network’s Libra cryptocurrency project, Cointelegraph Brazil reports on June 14. A MercadoLibre executive told Cointelegraph Brazil that the purported cryptocurrency will be integrated into the e-commerce platform as a […]

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Hodler’s Digest, June 10–16: Top Stories, Price Movements, Quotes and FUD of the Week

Bitcoin is reportedly producing as much carbon emissions as Kansas City, while Facebook gets some new backers for its crypto project. Top Stories This Week CCN casts doubt on shutdown plans as Google appears to correct visibility Cryptocurrency news outlet CCN (formerly CryptoCoinsNews) is apparently not going through with its total shutdown, as reported earlier […]

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Report: Facebook Secures Support From Dozens of New Firms for Its Crypto Project

Social media platform Facebook has reportedly secured support from dozens of players in the cryptocurrency and blockchain sector for its forthcoming digital currency. Social media platform Facebook has reportedly secured support from dozens of players in the cryptocurrency and blockchain sector for its forthcoming digital currency. The overall roster was announced by technology-focused media outlet […]

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Major Insurance Broker Aon Secures Crime Coverage for Crypto Custody Solutions Firm

Aon will reportedly provide crypto custody solutions provider Metaco with crime insurance coverage via a group of predominantly European insurers. Aon — a leading insurance broker that purports to occupy 50% of the crypto-insurance market — will reportedly provide crypto custody solutions provider Metaco with crime insurance coverage via a panel of London insurers. The […]

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Coinbase President and COO Departs From the Company

American major cryptocurrency exchange Coinbase’s president and chief operating officer Asiff Hirji has reportedly left the company. American major cryptocurrency exchange Coinbase’s president and chief operating officer (COO) Asiff Hirji has left the company, Bloomberg reported on May 31. A source familiar with the issue told Bloomberg that Coinbase named Emilie Choi, vice president of […]

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Ivy League Universities Set to Boost the Crypto Industry With an Injection of Institutional Investment

So far, Havard and Yale lead the pack of institutional money in the crypto world, with multi-million dollar investments in cryptocurrency-related companies. Despite the crypto volatility, the widely publicized regulatory concerns and a lack of liquidity in the cryptocurrency market, reports show that university endowments worldwide are dipping their toes into cryptocurrencies. Recently, a survey […]

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