Facebook reveals plans for Libra cryptocurrency, targeting first half of 2020 for launch
Facebook Inc. revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments. Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association, which ...
How cryptocurrencies can replace other pay options
Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money. The new digital currency will be overseen by a nonprofit association and backed with real assets to serve as a reliable, stable form of globally accepted ...
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 ...
Nonprofits turn to cryptocurrency to help needy Venezuelans amid hyperinflation
Andreina Cordero started the year skipping meals so her three kids could eat. Her husband, a construction worker, was out of a job. And the family's savings had been devastated by the nation's hyperinflation, limiting Cordero's children to a diet of rice, beans, pasta ...
Binance, one of the world's largest cryptocurrency exchanges, said hackers withdrew 7,000 bitcoin worth about $40 million via a single transaction in a "large scale security breach," the latest in a long line of thefts in the digital currency space. The hackers used a "variety ...
Solving the world's largest bitcoin heist
"Imagine someone stole everything in your store and you reported the crime to the police," says Nobuyasu Ogata, defense lawyer for Mark Karpeles. Karpeles, 33, is the former CEO of Mt. Gox, once the largest bitcoin exchange in the world. "A year later," Ogata says, ...
Bitcoin's sudden, puzzling surge propels it above $5,000, as other cryptocurrencies rally
Bitcoin climbed suddenly Tuesday to the highest level since November, leading a surge in virtual currencies and ending three months of calm in the $160 billion market. Traders struggled to pinpoint a reason for the rally, which increased the value of digital assets tracked by ...
Mark Karpeles, who headed Mt. Gox, a Japan-based bitcoin exchange that went bankrupt after a massive hack, is appealing his conviction on charges of manipulating electronic data. Karpeles' lawyer Nobuyasu Ogata said Friday his client was just trying to reduce risks for Mt. Gox users. The ...
Mark Karpeles gets a suspended term for data manipulation related to the scandalous disappearance of 850,000 bitcoins in 2014 but is found not guilty of embezzlement.
Tripling in value of Binance Coin, the cryptocurrency of the hour, echoes bitcoin's glory days
The cryptocurrency boom appears to be alive and well for Binance, the world's largest digital-asset exchange by trading volume. One of the hottest coins right now is the Malta-based exchange's eponymous token, Binance Coin, which has more than tripled in value in the last three ...
An 18-year-old boy was referred to prosecutors Thursday for allegedly stealing about ¥15 million ($134,300) worth of cryptocurrency last year by hacking a digital currency storage website, police said. The case is the first in Japan in which criminal charges have been pursued against a ...
The former high-flying head of collapsed bitcoin exchange Mt. Gox will learn his fate Friday as a Tokyo court hands down its verdict on charges of faking digital data and embezzling millions of dollars. Prosecutors have called for a 10-year jail sentence for French-born Mark ...
