Sunday, 20 October 2019

Tag Archives: cryptocurrency

Mastercard, Visa, eBay and others exit Libra Cryptocurrency Group

LONDON: A week after PayPal left Facebook’s Libra Association, Visa, Mastercard, eBay, Stripe and Mercado Pago too have all withdrawn from the project. The Libra Association is a project which Facebook plans to launch, what it envisions as a global currency. The project was launched in June with 28 members. ...

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Bakkt introduces cryptocurrency

NEW YORK: The parent company of the New York Stock Exchange (NYSE) offer investors the option to trade Bitcoin, giving the pioneer cryptocurrency further mainstream recognition. Operations will begin at the opening of the electronic financial market at 8:00 pm in New York. Brokers will then be allowed to trade ...

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Telegram To Launch Gram Cryptocurrency Within 2 Months

MOSCOW: The Telegram messaging service is planning to issue its first native cryptocurrency, dubbed Gram, within the next two months, The New York Times reported, citing investors. According to the report, the company is planning to make Gram digital wallets available to 200-300 million of messenger users worldwide. The newspaper ...

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Facebook’s Libra currency under fire

LONDON (AFP) – Facebook’s planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism among the wider cryptocurrency community as well. One theme – besides Brexit – dominated discussion among the movers and shakers from London’s financial technology or FinTech industry as ...

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Bitcoin trades above $11,000

LONDON: Bitcoin tested 15-month highs after jumping more than 10pc over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. The original cryptocurrency hit $11,247.62 on the Bitstamp exchange, its highest since March last year. It later ...

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Facebook to unveil new cryptocurrency

LONDON: Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world’s biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility ...

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Facebook secretly developing cryptocurrency for WhatsApp users

CALIFORNIA: Tech giant Facebook is secretly working on developing a cryptocurrency that will let users transfer money on WhatsApp. Initially it will be launched in India, people familiar with the matter say. Bloomberg reported that the company is developing a stablecoin – a type of digital currency pegged to the ...

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Cryptocurrency bitcoin marks 10 years

LONDON: October 31, 2008 marked the birth of bitcoin. Ten years on, the world’s first cryptocurrency is at the forefront of a complex financial system viewed warily by markets and investors. From its first evocation amid a global financial crisis, in a white paper written by Satoshi Nakamoto, an unknown ...

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Bitcoin Rises to Over $7,000

NEW YORK: Bitcoin’s price soared over the psychological level of $7,000. For most of August, it has been hovering within the $6,000 bracket. Back in July, it rose to over $8,000 for the first time in months. This was following news that the SEC was thinking of approving the first ...

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