Tag: cryptocurrency
Facebook officially launches Libra despite defections
Facebook has officially moved forward with its plans to create a new digital currency called Libra, despite several high-profile defections from the project and intense criticism from US regulators and politicians. The Libra Association, the non-profit group that will govern the currency, officially signed 21 charter members on Monday at the organisation’s inaugural meeting in…
Visa and Mastercard pull out of Facebook’s Libra currency
Visa and Mastercard have announced their departure from Facebook’s Libra project in a potentially fatal blow to the social network company’s plan for a worldwide digital currency. Along with the two payment giants, several other large companies have said they are exiting Libra. Payment processing company Stripe said it is stepping back, as well as…
How many applications can cryptocurrencies have?
Today, there are many different reasons to use cryptocurrencies instead of the standard currencies we’re all familiar with. For starters, you can use them for a lot of the things you’d use normal currencies for – you can buy home goods, you can get a VPN, you can buy food, or get all kinds of…
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,…
Facebook ‘considering its own bitcoin for payments’
Facebook is planning a cryptocurrency-based payment system that it could launch for billions of users worldwide, according to reports. The Wall Street Journal said the system would use a digital coin similar to bitcoin, but different in that Facebook would aim to keep the coin’s value stable. Bitcoin and similar cryptocurrencies have been susceptible to…
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…
The rising trend of gambling in live VR online casinos
Virtual reality (VR) has been around for a long time. If you accept that the concept of VR is the idea of making an illusion that you are visually present in a place where you are not physically located, the earliest attempts would have to be the 360-degree murals that were created in the 1800s.…
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…
