Category: Cryptocurrencies
Libra cryptocurrency users don’t have to trust Facebook, says social media giant
Facebook will not control the new Libra cryptocurrency it has launched or the network around it, the social media giant’s lead on the project has said. David Marcus said Facebook will have no “special rights or privileges” around Libra or the Calibra digital wallet linked to it, as he defended the company’s new project. The…
Facebook Libra cryptocurrency – your questions answered
Facebook has announced its own form of cryptocurrency called Libra alongside a digital wallet named Calibra. Together, they will allow users to pay for everyday items directly using their smartphone. Martyn Landi reports... Here is a look at how the new digital currency will work. What is Libra? Libra is the name of the new…
Facebook plans to launch ‘GlobalCoin’ cryptocurrency next year
Facebook is edging closer to starting its own cryptocurrency, with the aim to launch as early as next year, a report has claimed. Chief executive Mark Zuckerberg is thought to have met Bank of England governor Mark Carney last month to discuss the plans, according to the BBC, as well as speaking to the US…
Hackers steal nearly £31 million in Bitcoin from online exchange
Hackers have stolen nearly £31 million in Bitcoin from Binance, one of the world’s largest cryptocurrency exchanges, its chief executive has said. Binance said hackers were able to withdraw 7,000 Bitcoin (£30.9m) in one transaction after using “a variety of techniques, including phishing, viruses and other attacks”. The Japan-based exchange’s chief executive Changpeng Zhao,…
One in five Brits now never carries cash around, survey reveals
Researchers who polled 2,000 UK adults found many are now opting to pay using different methods such as contactless card and smartphone payments such as ApplePay. Half believe cash is 'on the way out' and will ‘soon’ be superseded by alternative ways of paying for goods and services. Three quarters revealed they now expect ALL retailers…
HTC hope to revive fortunes with Blockchain smartphone, Exodus
HTC has unveiled its flagship blockchain-focused smartphone, the Exodus 1, as the manufacturer looks to shift its strategy to focus on new technology. The Exodus 1 has been rolled out initially for an early access period, currently only available to users who pay in cryptocurrency – either Bitcoin or Ethereum. The Taiwanese firm said it…
Six transformative ICO-funded companies which are definitely worth watching
This time last year the investing world was abuzz with tales of ICOs (Initial Coin Offerings) and how small companies were raising millions off the back of half an idea and a cleverly worded white paper. Mercifully the hype surrounding ICOs seems to have well and truly receded, and now the dial has shifted towards…
3 of the Leading FinTech Trends in the UK
In the UK, the FinTech industry is continuing to grow. In fact, it seems there is little that can slow down the British financial technology businesses, not even Brexit. During the first half of 2017, FinTech startups in the UK received a record £433 million from investors, representing a 37% increase from the same period…
Will micro states like San Marino become new home for blockchain businesses?
Might the future of technology be developed in micro states that can react quickly to new innovations and offer infrastructure and technological support that will attract entrepreneurs? It will be interesting to keep an eye on San Marino, pictured above, the tiny state surrounded by Italy, which this week unveiled ambitious plans to become one…
Everything you need to know about blockchain technology
Online transactions are fraught with risk. Entering your credit card details into a page may be second nature, but false frontages, Trojan viruses and advanced spyware can soon leave your bank account suspended or even emptied with a few quick moves from cybercriminals using ever more readily available hacking and spying technology. The good news…
