It’s not entirely clear what exactly is going on in Facebook’s nascent cryptocurrency division, but several reports suggest that something is afoot. Facebook Meets with Cryptocurrency Project Stellar The first comes from Business Insider, who reports that Facebook’s blockchain research group recently met with Stellar to discuss how the social media conglomerate could leverage distributed ledger technology (DLT) […]

According to financial blog Philosophy of Metrics cryptocurrency will ‘swallow’ the current gold market within the next year. The author posits that gold, as a source of global capital liquidity, is being phased out and notes that cryptocurrency is at a good position to take its place. The author cites a number of countries which have stopped […]

A white hat hacker has discovered a major vulnerability in decentralized prediction market Augur, perhaps the most highly-touted decentralized application (dApp) built on the Ethereum network. The bug, disclosed through bug bounty platform HackerOne by security researcher Viacheslav Sniezhkov, would have allowed an attacker to inject fraudulent data into Augur’s user interface, potentially leading to a significant […]

South Korean financial holding company KB Financial Group Inc. has released an Aug. 6  report on crypto investments in 2018, finding the majority of domestic respondents revealed no intention to invest in crypto. KB Financial Group Inc. is headquartered in Seoul, South Korea and focuses on a range of banking and related financial services. Their survey involved […]

Almost half of Russians have heard of cryptocurrencies, and 13 percent claim to have a good understanding of them, a survey conducted by research holding Romir revealed August 7. Romir, a representative of the Gallup International Association in Russia, asked 1,500 Russian residents about their knowledge of cryptocurrency, as well as their plans to interact with the industry. Of […]

Are you a bitcoin maximalist? Convinced that EOS is the “Ethereum killer?” Soon, you’ll have the opportunity to put your money where your mouth is, thanks to a new ethereum derivatives product from decentralized fintech startup dYdX. The open-source platform, built on top of decentralized exchange (DEX) protocol 0x, uses smart contracts to allow investors to trade ether for […]

Two bank employees have been working on setting up a new cryptocurrency trading desk in Barclays, one of the UK’s ‘Big Four’ banks. At least, that’s what it says on their LinkedIn profiles. Business Insider reports that Chris Tyler’s profile stated that he’s been “hired to produce a business plan for integrating a digital assets […]

Bitmain, the world’s largest bitcoin miner and mining equipment maker has announced construction plans for a new blockchain data center and cryptocurrency mining facility in the city of Rockdale in Milam County, Texas. CCN earlier reportedthat the company released plans to construct a data center in Texas as part of an ongoing North American expansion drive. […]

A group of Japanese cryptocurrency exchanges have formally submitted a detailed proposal to form a self-regulatory organization to the nation’s Financial Services Agency (FSA). The Japan Virtual Currency Exchange Association (JVCEA), which was formed by 16 exchanges in March and registered with the FSA in April, has applied to become a “certified fund settlement business […]

Contrary to reports in mainstream media, Starbucks has clarified that it will not be accepting direct bitcoin payments at coffee retail outlets. As reported by CCN on Friday, Starbucks is part of a new cryptocurrency venture with Microsoft and the Intercontinental Exchange (ICE) dubbed “Bakkt”, a regulated Wall Street platform that could fundamentally bring cryptocurrencies like bitcoin […]