Blockchain

According to a report from the Financial Times, Facebook-backed cryptocurrency Libra could launch in January. More interestingly, the Libra Association, the consortium created by Facebook, could scale back its ambitions once again. When it was first unveiled, the Libra cryptocurrency was supposed to be a brand new currency tied to a basket of fiat currencies…

PayPal in mid-October announced it would soon allow users in the US to buy, hold and sell cryptocurrency directly from their PayPal accounts. On Thursday, the payments processor made good on its promise.

A hacker identified only as Individual X had been sitting on a cryptocurrency gold mine for seven years before the IRS came knocking.

Trump supporters targeted by cryptocurrency scammers

President Trump’s campaign website was briefly and partially hacked Tuesday afternoon as unknown adversaries took over the “About” page and replaced it with what appeared to be a scam to collect cryptocurrency. There is no indication, despite the hackers’ claims, that “full access to trump and relatives” was achieved or “most internal and secret conversations…

Rally’s new cryptocurrency is getting support from soccer star Keisuke Honda, esports organization Gen.G, and crypto influencer Joon Ian Wong.

The end is in sight for Quibi, PayPal adds cryptocurrency support and Netflix tests a new promotional strategy. This is your Daily Crunch for October 21, 2020. The big story: Quibi is shutting down The much-hyped streaming video app led by Jeffrey Katzenberg and Meg Whitman, which raised nearly $2 billion in funding, is shutting…

Bitcoin‘s price (BTC) jumped 8% on Thursday to almost break $13,000, its highest point since July last year. The rally comes hours after PayPal revealed it would soon support buying, selling, and holding BTC, Ethereum, Litecoin, and Bitcoin Cash. Today’s Bitcoin’s price peak means the world’s most popular cryptocurrency has now eclipsed gold and silver to become the…

The sale and promotion of derivatives of bitcoin and other cryptocurrencies to amateur investors is being banned in the UK by the financial regulator, the Financial Conduct Authority (FCA). It is a further blow to the burgeoning cryptocurrency market, coming days after the US authorities indicted the owners of leading crypto derivatives exchange BitMex for…