Facebook will launch the "GlobalCoin" cryptocurrency in 2020

Facebook will launch the “GlobalCoin” cryptocurrency in 2020

The coin, called GlobalCoin, would enable 2.4 billion monthly Facebook users to exchange dollars for other international currencies that can then be used to make payments and transfer money without having a bank account.

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Facebook founder Mark Zuckerberg last month met with Bank of England Governor Mark Carney to discuss this plan.

Zuckerberg also discussed the proposal “Libra Project” with US Treasury officials and is in talks with several money transfer firms including Western Union to develop in a simple, less costly way for people who want to transfer money.

A report last year said that Facebook is developing a cryptocurrency that would allow WhatsApp users to transfer money.

To make the value of stable cryptocurrency, Facebook plans to link its value to some of the world’s strongest currencies, including the US dollar, the euro and the Japanese yen.

A Facebook movement in financial services has long been expected, especially after employing PayPal president David Marcus. The latter is also a board member of Coinbase, running Facebook’s initiative in the blockchain.

At the beginning of the month, the US Senate sent an open letter to Zuckerberg to ask about how the cryptocurrency will work and how consumers will be protected.

In February, JPMorgan became the first US bank to create its own JPM Coin counterpart as a way to ease payments and transfers.

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neOadviser – TECH

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Bitcoin (BTC) to Energy (NRG) - TOP 5 Anonymous Crypto Converters,

Bitcoin does not stop, raises to $8,000

Bitcoin was exchanged with $8,000 this Tuesday, reaching the highest point since last July.However at these moments we write the value of bitcoin is pulled below this level to $ 7,960 according to CoinMarketCap.com.

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Experts say this powerful performance can signal a future that is worth investing in bitcoin. However, the volatile currency price and controversial history has spurred many skepticism.

Still bitcoin is far from the 2017 record when it exchanged to $20,000. Some experts called the downfall a correction of the speculative mania that accompanied the currency.

The currency also faces charges of price manipulation. Two academics at the University of Texas studied the possibility that the value of bitcoin be manipulated through the coin currency.

Today bitcoin and blockchain have become more usable. One of the largest banks in the world JPMorgan introduced a cryptographic currency. Together with Microsoft, they announced a partnership to expand blockchain platforms. ICE, the NYSE stockbroker, has scheduled the release of bitcoins and cryptomones on the stock exchange.

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neOadviser – TECH

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Binance loses 40 million dollars in Bitcoin

Binance loses 40 million dollars in Bitcoin

Binance, one of the most popular cryptocurrency market in the world, has claimed to have lost nearly 7,000 bitcoins worth $40 million after a hacker attack.

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Bitcoins were placed in a hot portfolio of internet-connected portals used to process transactions, Bloomberg reported.

It contains 2% of Binance assets and was stolen with a single transaction said Binance. According to the company, hackers had used a series of phishing techniques, viruses and other attacks.

Binance promised to cover all losses using the security fund for the users, a security reserve used for these situations.

According to Bloomberg, the attack had activated an alarm within the company even though it failed to prevent the attack.

Industry media CoinDesk said that cryptocurrency received a blow to the value immediately after the news. In December 2017 bitcoin was estimated at $20,000 before it fell below $5,800.

The industry is involved with fraud, speculation, attacks, and dubious business practices. Researchers say the big increase in bitcoin in 2017 has come as a result of market manipulation.

American authorities recently said that this manipulation was carried out using the “stablecoin” Tether.

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neOadviser – TECH

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ALL ABOUT FULL NODES : THINGS TO CONSIDER

Bitcoin reaches the highest point since the end of November

Bitcoin rose to $5,000 this Tuesday, the highest point since the end of November, while other cryptocurrencyes also increased.

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On the Bitstamp Stock Exchange in Luxembourg, bitcoin increased by 20% and for a few moments touched the $5,000 price to fall to $4,730.

It’s still the biggest increase in a day since April last year. Ethereum and XRP, two other major currencies also increased.

The reasons for this rapid growth remain unclear. The market value of bitcoin has increased significantly by 5.1 billion to 78.8 billion dollars.

It is the highest point since November 2018. It is a significant increase since it successfully passed three resistance levels of 4,200, 4,420 and 4,567 dollars.

Bitcoin is just one of the growing cryptocurrency. Ether and litecoin increased by 5.5% and 8.1% respectively.

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The important update for Etherum has been postponed to late February

The important update for Ethereum has been postponed to late February

Although the users were willing to change the app, it was announced that this important update was postponed to February 27,reports Telegraph.

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The creator of the platform, Peter Szilagyi, wrote a short post on Twitter about this news.

“The change that would have to be made at Blockhouse 7,280,000 has been postponed for late February. Although we have set for date 27, there may be slight postponements, due to the potential load, “Szilagyi wrote.

With the installation of Constantinopele, it is expected that five updates will be activated, which make Ether much more practical and efficient. Opening, at the same time, the way for new updates, to make cheaper transactions and stop any potential virus.

This update is very important, as it will come before Casper will be asked this year, which will cause Etherum a lot of positive changes.

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neOadviser – TECH

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