Facebook, the giant of social networking, plans to launch its own digital payment system with a cryptocurrency called GlobalCoin in the first quarter of 2020, reports the BBC. It is expected that Facebook will reveal more detailed information about its cryptocurrency plans in the summer. Testing the company's token should begin before the end of the year. According to the BBC, Facebook founder Mark Zuckerberg (Mark Zuckerberg) last month met with Bank of England Governor Mark Carney to discuss regulatory issues, opportunities and risks associated with launching cryptocurrency. Facebook also consulted on this topic with officials of the US Treasury…
Author: BlockchainJournal
More than half of the full nodes in the main Bitcoin network still have not installed the Bitcoin Core client update, which eliminated a critical vulnerability that allowed sabotaging the work of 90% of the nodes for double spending. This was reported at the beginning of the month by the Cointelegraph, citing developer Luke Dash Jr. However, today the situation has not changed. 44.3% […]
The State Duma has completed the preparation of proposals for the regulation of the cryptocurrency industry, based on the requirements of the Financial Action Task Force on Money Laundering (FATF). This writes the TASS with reference to the statement of the head of the State Duma Committee on the Financial Market Anatoly Aksakov. Earlier this week, Aksakov reported that the adoption of the law on digital financial assets in the Russian Federation was “stuck” due to the demands put forward by the FATF. "Recently there was a session of FATF, which proposed to resolve the issue related to cryptocurrency ,…
On May 23, an unknown user made a transaction at 8.881 LTC, but paid a commission in the amount of 200.00360600 LTC (about $ 20 thousand at the time of writing). This was probably done by mistake. Thus, the commission for KB of data in the block was 83.2 LTC. This triggered a temporary increase in commissions on the network to the highs of December 2017 – around $ 0.70. Note, […]
Binance, one of the largest crypto exchanges in the world, is preparing to launch margin trading on its platform. The company announced its plans on Twitter-blog – a publication from Binance also presented a screenshot that shows what the future interface of the platform for margin trading will look like. It is already known that users will not only have access to the light mode, but also the dark one. Changpeng Zhao, the general director of Binance, first spoke about such an intention of the crypto-exchange. He reported on the support of margin trading during the online broadcast, which was…
The rating agency Weiss Ratings published an article whose author analyst Juan Vellaverde believes that now is the best time to buy Bitcoin and other digital currencies. This expert compared the current situation on the cryptocurrency market with the situation in 2015 and came to the conclusion that Bitcoin (BTC) is preparing to take a big run. At any time, a sharp correction may begin, which will be the first phase of the ascent of the coin. Today's BTC price is the best in terms of potential market entry. After the bitcoin jump to $ 8400 on May 16, the…
Cryptocurrency industry has undergone a fundamental change. A number of leading opinion leaders in the cryptocurrency and blockchain industries have made comments this week about the state of the industry. So, billionaire Tim Draper spoke on CNBC, said he witnessed the Internet boom, and now sees a bitcoin boom. He is confident that we are not talking about a financial “bubble”, and he does not abandon the forecast that the cryptocurrency will eventually rise in price to $ 250,000. According to the expert, such growth will correlate with the pace of technological innovations associated with the blockchain , smart contracts…
The Russian State Duma has prepared proposals for the regulation of cryptocurrencies, prepared in accordance with the requirements of the Financial Action Task Force on Money Laundering (FATF). About this on Friday, May 24, announced the head of the State Duma Committee on the financial market, Anatoly Aksakov, reports TASS. “Recently there was a FATF session, which proposed to resolve the issue related to cryptocurrency, and therefore we slowed down a bit [with consideration […]
In the network of Monero cryptocurrency oriented privacy, a new PoW consensus algorithm called RandomX from the developer of decentralized Internet Arweave can be implemented. It all depends on the results of the audit of the new protocol, according to Cointelegraph. At the moment, Monero developers implement hard forks every six months to avoid network capture by ASIC miners, however, this approach is considered controversial in the community. So, Arweave […]
In the cryptocurrency business of Jack Dorsey, company Square, made a loud statement. As it became known, Jack Dorsey, who is not only the head of the social network Twitter, but also the owner and head of the cryptocurrency company Square, intends to bring to the market an application that, finally, as many in the cryptocurrency community have been waiting for, can lead to a truly mass accepting cryptocurrency worldwide. This was stated in Square itself, recalling that Dorsey had recently announced that he had hired specialists in Square who are working on this new product. Indeed, for the first…