Crypto Currency

Facebook is building a cryptocurrency to be used in WhatsApp, report says

Facebook is working on a cryptocurrency that will let users of WhatsApp — the messaging service that the social network giant acquired in 2014 — send and receive money, Bloomberg reported Friday, citing people familiar with the matter.  The initial focus of this effort would be the remittances market in India, the report says, and…


Facebook is working on a cryptocurrency that will let users of WhatsApp — the messaging service that the social network giant acquired in 2014 — send and receive money, Bloomberg reported Friday, citing people familiar with the matter. 

The initial focus of this effort would be the remittances market in India, the report says, and the cryptocurrency would be a stablecoin — a special type of cryptocoin which has its value pegged to some real world asset, such as the U.S. dollar.

According to the report, this stablecoin might not launch for quite some time, as Facebook hasn’t yet decided on key aspects, including the currency or currencies the stablecoin would be pegged to. 

Stablecoins have been a popular crypto-niche in 2018, as they solve one key issue that prevents Bitcoin and other major cryptocurrencies being usable for payments and microtransactions: volatility. S

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Crypto Currency

Bitcoin ETFs Trigger Massive Miner Outflows, Over $1 Billion Moved to Exchanges

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Crypto Currency

Litecoin (LTC) and Solana (SOL) holders are going crazy over this new token

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Crypto Currency

ARK Invest CEO Cathie Wood Believes Bitcoin Will Overtake Gold, Here’s Why

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Crypto Currency

Ripple Initiates Large XRP Transactions Post Legal Setback

Ripple Labs, a leading cryptocurrency payment firm, has been seen moving millions of XRP tokens following the United States Securities and Exchange Commission’s (SEC) recent victory in a legal dispute. Ripple Moves Millions Of XRP As Price Holds Steady According to a recent report, Ripple Labs moved a whopping 120 million XRP tokens valued at

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