Category: Facebook

Noise.cash: Social Microblogging App Fueled by Bitcoin Cash Tips Gathers Traction

Noise.cash: Social Microblogging App Fueled by Bitcoin Cash Tips Gathers Traction

For quite some time now, bitcoin cash users have been leveraging the web portal read.cash in order to write blog posts, connect with like-minded individuals, and earn bitcoin cash for providing popular content. Now the creators of read.cash have introduced another application called noise.cash, which is similar to the parent platform, but allows people to […]

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Crypto Industry’s Favorite Messaging App Telegram Surpasses 500 Million Active Users

Crypto Industry’s Favorite Messaging App Telegram Surpasses 500 Million Active Users

Telegram, a popular messaging app within the cryptocurrency space, surpassed 500 million monthly active users during the first week of January, according to Telegram chief executive officer Pavel Durov. In the last 72 hours, said Durov, the app has seen a massive surge in new users, with an additional 25 million people signing up to […]

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Big Tech’s Freedom of Speech Purge Pushes People to Censorship-Resistant Blockchain Social Media

Big Tech’s Freedom of Speech Purge Pushes People to Censorship-Resistant Blockchain Social Media

During the last few days, the world has watched the Big Tech and social media crackdown after the incident that took place at Capitol Hill a few days ago. During the last 48 hours, U.S. President Donald Trump, a great number of right-wing supporters, and literally anyone who speaks out against the U.S. government has […]

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Bitcoin Now Larger Than Facebook’s Market Cap — ‘Money Network More Valuable Than Social Network’

Bitcoin Now Larger Than Facebook’s Market Cap — ‘Money Network More Valuable Than Social Network’

The surge in bitcoin’s price on Friday has propelled the cryptocurrency past Facebook’s market cap. Next, bitcoin stands to flip Tesla, Google, Amazon, Microsoft, and then Apple. Bitcoin Surpasses Facebook in Market Cap Bitcoin’s frequent rise past all-time highs this week has made the size of the cryptocurrency larger than Mark Zuckerberg’s Facebook. The price […]

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Bank of England governor on Facebook-backed Diem: ‘Where’s the business model?’

Bank of England governor on Facebook-backed Diem: ‘Where’s the business model?’

Andrew Bailey, governor of the Bank of England, has publicly questioned the business model of stablecoin project Diem. During questioning from MPs as part of a Treasury Committee panel on January 6, Bailey was asked by Conservative MP Steve Baker about privacy concerns relating to central bank digital currencies, or digital currencies that are backed […]

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Org Chart: The Diem Association

Org Chart: The Diem Association

Quick Take The Facebook-backed Diem Association hopes to launch its stablecoin payment project sometime this year, awaiting regulatory approval Diem has made a spree of strategic executive hires to emphasize the Diem Association’s independence from Facebook. The Block has mapped out the Diem Association’s organizational structure and has highlighted the leadership of each of these […]

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9 Trillion vs. 100 Trillion: Billionaire Mike Novogratz Asks Which Cryptocurrency Will Win the Payments Race

9 Trillion vs. 100 Trillion: Billionaire Mike Novogratz Asks Which Cryptocurrency Will Win the Payments Race

On December 31, billionaire investor Mike Novogratz asked his Twitter followers which blockchain coin has the best chance of winning the payments race and offered four choices. Novogratz said there are lots of “contenders” and listed off Facebook’s diem, tether, bitcoin cash, and Circle’s popular stablecoin. This week Mike Novogratz asked his Twitter followers out […]

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Coinbase nabs Facebook investor relations director ahead of IPO

Coinbase nabs Facebook investor relations director ahead of IPO

Ahead of its hotly anticipated initial public offering, crypto exchange operator Coinbase has hired an investor relations executive from Facebook to serve as its face to Wall Street. Anil Gupta, previously a director of investor relations at the social media giant, announced Monday on LinkedIn that he is joining the crypto exchange to “lead their […]

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IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves. Advances in Financial Technologies In addition to the […]

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Bitcoin Gets Away From $20K: The Crypto Weekly Market Update

While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn’t appear as bright in the short-term as it draws away from $20,000. Over the past seven days, the cryptocurrency lost over $1,000 of its dollar value, charting a decrease of about 5%. During the week, BTC managed to […]

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