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PayPal Casts Doubt On Libra: Claims Facebook Crypto Still Needs Work

Many in the crypto community were shocked in June when Facebook unveiled the firms backing Libra — Visa, Mastercard, PayPal, Uber, Spotify, Coinbase, Xapo, and countless other pro-innovation companies and investors. While the marketing material — which showed the Libra emblem enclosed by the logos ..

PayPal: ‘A Lot of Work’ Still Needs to Happen for Libra to Become Real

News PayPal representatives have said they remain cautious about the future of Facebook’s planned stablecoin Libra, according to a Sept. 14 report from Agence France Press (AFP). PayPal investor relations vice president Gabrielle Rabinovitch reportedly emphasized that the firm’s membership of the ..

Need For Bitcoin Accentuated as Tone Vays Talks PayPal Fees

For decades now, PayPal has been a staple of the digital payment ecosystem. If you buy goods online or deal with independent digital merchants, they likely use the formerly eBay-owned service. This should come as no surprise, as PayPal sports over 250 million users, located in dozens of countries ac..

Police Seize $15K Crypto Thief After He Mistakenly Disclosed Identity

News Connecticut police caught a man who had stolen over $15,000 worth of digital currency in a mobile phone theft after he mistakenly sent an apology email to a detective heading the investigation. Back in April, a Connecticut resident fell victim to a cryptocurrency theft by New Jersey citizen D..

BitTorrent to Begin Alpha Testing Blockchain-Based Streaming Platform

News Major file sharing company BitTorrent, a subsidiary of blockchain company Tron, is going to internally test its blockchain-based live streaming platform in Q3 2019. Platform overviewBitTorrent announced the news in an official blog post on Aug. 27. According to the announcement, the streaming..

Facebook Covert Audio Sharing Casts Doubt Over Libra Privacy

Facebook used third-party contractors to listen to user audio without telling them, in a move which raises questions about the third-party sponsors of its libra cryptocurrency.Facebook Shared Messages With Third Parties As Bloomberg reported on August 13, Facebook confirmed it had used middleman ..

BlockFi Raises Over $18M in a Round Led by PayPal Co-Founders’ VC Firm

News American cryptocurrency lender BlockFi has secured $18.3 million in a funding round led by Valar Ventures. The Series A funding round saw participation from a number of crypto-focused investors, including Winklevoss Capital and Galaxy Digital, according to a press release shared with Cointele..

PR: Cred and Bitcoin.com Join Forces to Boost Crypto Lending

By John Yearwood Cred Correspondent Amid a dramatic Bitcoin bull run, two of the most influential names in the blockchain finance industry have launched a platform to expand global lending and earning on investments in cryptocurrency. The partnership between Bitcoin.com and Cred allows Bitcoin.com..

Ethereum Co-Founder Mihai Alisie Concerned Over Libra Centralization

News Ethereum’s co-founder Mihai Alisie is extremely concerned that Facebook is attempting to hoodwink regulators into approving a centralized “cryptocurrency,” according to a report by Bloomberg on July 11. In an interview with Bloomberg, Alisie stressed that Facebook is attempting to get regulat..

‘PayPal is F*cked’: BitMEX CEO Says Facebook Libra Will Make Banks ‘Dumb Nodes’

News Facebook’s Libra payment protocol could make central and commercial banks irrelevant, but PayPal has no future anyway, the CEO of derivatives giant BitMEX thinks. Arthur Hayes made the comments in a new interview with Taiwanese news network BlockTempo TV on July 9. Speaking during this year’s..

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