Facebook's cryptocurrency may be 'one of the most important initiatives' in its history, RBC says

RBC expects Facebook will release a white paper on June 18 to explain the company's long-term strategy for the cryptocurrency, or"token." "We believe this may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams," RBC analysts Mark Mahaney and Zachary Schwartzman say in a note to investors. […]

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Bitcoin Improves Position In China’s Crypto Ranking Index

China’s Center for Information Industry Development (CCID), under the Ministry of Industry and Information Technology, released the 12th edition of its state-endorsed cryptocurrency and Blockchain ratings. Chinese altcoin EOS continues to be on top of the latest Global Public Chain Technology Evaluation Index. New cryptocurrency Tron has been ranked second, while Ethereum remains in the third place. Bitcoin improved its […]

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Bitcoin Tanks By $1000

The highly volatile and unpredictable nature of Bitcon was once again on display during trading this week, as it fell down sharply from record heights within a few days. It was a dream run for Bitcoin in the first half of this week by shooting above $8000 Monday. But in the last two days it lost heavily, by around $1000. […]

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PCF Capital To Launch $250 Mln Digital Securities Offering On Blockchain

Australian capital advisory firm PCF Capital Group is set to launch a blockchain-powered $250 million digital securities offering. This is claimed to be the world’s largest capital raise for the mining sector utilizing digital securities. PCF Capital focuses on serving clients in the mining and resource sector. PCF Capital has chosen the KoreConX all-in-one, AI-based blockchain platform. It manages issuance, […]

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Seed CX To Add Support For 3 US Dollar-Backed Stablecoins

U.S.-based cryptocurrency exchange Seed CX, backed by Bain Capital, is set to add support for three U.S. dollar-backed stablecoins to its platform to offer institutional investors more options to fund their trade obligations. The exchange will list Paxos Standard (PAX), TrueUSD (TUSD), and USDCoin (USDC) stablecoins as tradable pairs. Institutions generally trade only on regulated digital assets exchanges. The move […]

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Urgent warning as Brits are conned out of thousands each by clever scammers

Last year criminals stole at least £27 million from honest Brits by tricking them into putting cash into "investments" promising huge rewards. That worked out at an average loss of £14,600 each, the Financial Conduct Authority has revealed. The FCA's Mark Steward said: "We're warning the public to be suspicious of adverts which promise high returns from online trading platforms. […]

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BitPay Hires Former Worldpay US CFO Glen Braganza As New Finance Chief

Bitcoin payment processor BitPay hired former US CFO of U.K.-based peer Worldpay, Glen Braganza, as its new chief financial officer. Braganza has about 15 years of experience in private equity and public markets with emphasis on payment processing and helping high-growth companies. This, BitPay expects, will help it leverage blockchain for fast consumer transactions and easy global payments. Braganza joins […]

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