Facebook will reportedly launch its own cryptocurrency this month, but plans to hand over control of it to outside backers (FB)
- Facebook could debut a cryptocurrency system as early as this month, according to The Information.
- The company is planning to hand over control of the payments system to outside backers.
- Facebook is also exploring the option to obtain the currency through ATMs.
- Facebook is preparing to launch its own cryptocurrency as soon as this month, according to The Information.
The company plans to hand over control of the currency system to outside backers as part of a move to reassure financial regulators, the report says. Facebook has reportedly been in discussions with dozens of financial institutions and tech companies that will oversee the new cryptocurrency and contribute funding to the program. The payment system would be free of transaction fees and is designed to be used all over the world, especially in developing nations, The Information reports.
https://www.businessinsider.com/facebook-cryptocurrency-launching-in-june-report-2019-6?IR=T
Binance Cryptocurrency Exchange Testing British Pound Stablecoin
Major cryptocurrency exchange Binance is apparently testing a British pound stablecoin on its native blockchain, Binance Chain.
Twitter user CryptosBatman noticed that the listing “$BGBP” appeared on the Binance platform.
Binance CEO Changpeng Zhao has commented on the tweet, confirming that a pound stablecoin is in the testing phase, with only £200 minted.
https://cointelegraph.com/news/binance-cryptocurrency-exchange-testing-british-pound-stablecoin
Kadena’s ‘Pact 3.0’ Opens Conversation Between Public And Private Blockchains
Pact 3.0, the newest version of Kadena’s enterprise blockchain programming language, will allow developers to deploy simple executable distributed code contracts that can share data between public and private chains.
https://www.ethnews.com/kadenas-pact-3-0-opens-conversation-between-public-and-private-blockchains
SEC Confirms Ethereum As Legal Usable Currency, Terms KIN Token As Securities In A Lawsuit
The legality of Bitcoin and Ethereum as a legit currency has been under the scanner for a long time. However, speculations were ended on June 5, when the Securities and Exchange Commission (SEC) confirmed Ethereum as a legal tender and usable foreign currency.
Electron Cash Users Can Now Send Bitcoin Cash to Mobile Phones
The developers behind the Bitcoin-Cash-based Electron Cash light client have added a slew of new features to the latest 4.0.6 version. Now Electron Cash users can send bitcoin cash to mobile phones via the Cointext service. In addition to this new functionality, the Cashshuffle implementation within the wallet now permits up to 99.9999 BCH per shuffle, instead of the default 50 BCH the platform previously allowed.
https://news.bitcoin.com/electron-cash-users-can-now-send-bitcoin-cash-to-mobile-phones/
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