How a Crypto Cold War Could Arise From Central Bank Competition
Last year social media giant Facebook put the world’s central banks into a panic with its crypto currency ambitions. This year they are scrambling to launch their own digital...
PayPal Expands With $4 Billion Honey Acquisition
PayPal has finalized the purchase of the Honey deal finder startup, for a consideration of $4 billion. This latest move pushes the payment processor well ahead of crypto-friendly...
PayPal Files Lawsuit Against CFPB Over ‘Confusing’ Digital Wallet Rules
PayPal, the leader in online wallet payments, has filed a suit against the US Consumer Financial Protection Bureau (CFPB) over new rules requiring overly strict and constraining...
Crypto Worth $6.7 Million Seized from Kiwi Programmer
During a movie piracy setup crackdown, Hamilton Police seized $6.7 million in cryptocurrency from a software programmer. According to recent reports, law enforcement officers in...
Bitcoin Solves This: Ex-PayPal CFO ‘Fired as Customer’ by Bank of America
There are many use cases for bitcoin but the primary one is to cut out centralized banks. The banking system as we know it is on the verge of collapse, but that is not all. They also...
US Senators Threaten CEOs: Dump Libra or Face Regulatory Wrath
Facebook’s crypto woes are deepening as more partners are jumping the Libra ship before it even sets sail. It appears that US senators are urging them to do so as letters to CEOs...
U.S. Congress Wants to Grill Zuckerberg Again Before January 2020
The U.S. House of Representatives wants Facebook CEO Mark Zuckerberg to appear in its Financial Services Committee to discuss the Libra cryptocurrency project before January 2020...
Facebook Covert Audio Sharing Casts Doubt Over Libra Privacy
Facebook used third-party contractors to listen to user audio without telling them, in a move which raises questions about the third-party sponsors of its libra cryptocurrency...
Visa, Paypal Say They’ll Pay $10 Million to Run ‘Facebook Coin’ –...
Big companies like Visa and PayPal are reportedly willing to pay millions for the privilege of running a node on the Facebook cryptocurrency network. Facebook’s foray into crypto has...
EBay Ads Tell World It Will (Finally) Accept ‘Virtual Currency’
Cryptocurrency users were celebrating fresh rumors about a major adoption push this week after hints suggested eBay might accept Bitcoin and altcoins. eBay: ‘Virtual Currency Is...
‘Facebook Coin’ Will Be More Like Bitcoin Than Starbucks Rewards, Says Analyst
Speculations about the purpose of Facebook’s planned digital coin are getting wilder. Ignoring key features like independence and decentralization, one analyst predicts that...
PayPal Says It’s a ‘Little Early’ To Embrace Bitcoin (With Its 125,000%...
PayPal CFO John Rainey says it is “too early” for the company to invest in Bitcoin – despite the fact the cryptocurrency has appreciated 125,000 percent in 7 years. PayPal...