Facebook’s cryptocurrency will make its debut next year, according to a BBC report. Testing on the coin, which is referred to as GlobalCoin internally, will begin at the end of this year. The Menlo Park-based company has already begun talks with regulators around the world about the coin. The BBC report mentions Facebook CEO Mark Zuckerberg’s meeting with Bank of England Governor Mark Carney last … Continue reading Facebook To Launch its Crypto Next Year: BBC
Telecom giant AT&T announced yesterday that it has begun accepting Bitcoin for bill payments. The company has partnered with bitcoin payments company BitPay to facilitate the transactions. According to Kevin McDorman, vice president, AT&T communications, AT&T already has customers who use cryptocurrency. “…we are happy we can offer them a way to pay their bills with the method they prefer,” he stated in a press … Continue reading AT&T Goes Crypto, Begins Accepting Bitcoin for Bill Payments
Bitcoin price continued its ascendant path today, breaching the $8,000 price for the first time since the end of last July. As of this writing, the original cryptocurrency is trading at $8,154.27, up 10.91% from its price 24 hours ago. Just last week, it was changing hands for $5860.40 at the same time. With the exception of stablecoin Tether, all other cryptocurrencies in the top … Continue reading Bitcoin Price Breaches $8,000 Mark, Up 11% in 24 Hours
The worlds of cryptocurrency, which promises anonymity and privacy, and identity theft through SIM hijacking collided in a curious case of theft recently. The Department of Justice unsealed an indictment against nine individuals last week for stealing cryptocurrencies worth approximately $2.4 million through identity theft. The individuals, who called themselves “The Community”, conducted seven attacks against the victim’s phones, eventually taking over control, and used … Continue reading Hackers Use Identity Theft To Steal Cryptocurrencies
Buying coffee with Bitcoin has long been considered a holy grail for cryptocurrencies. Thanks to a partnership between cryptocurrency exchange and custody company Gemini and blockchain payment network Flexa, that goal might be closer to reality. According to a press release today, consumers will be able to spend four cryptocurrencies – Bitcoin, Ether, Gemini Dollar, and Bitcoin Cash – for purchases at mainstream retail stores … Continue reading Gemini Partners With Payment Network Flexa To Enable Retail Purchases With Crypto
In the last week, Bitcoin price has spiked by 39%. In monetary terms, the increase translates to a jump of approximately $2,000. The cryptocurrency’s gains are even more impressive when you consider its low of $3,497 in January this year, the current price representing a 90% increase from the start of this year. So, does the latest price jump mean that Bitcoin is on the … Continue reading Bitcoin Price Rises Again: False Alarm or Start of Another Bull Run?