Facebook Will Build ‘Most-Used Product in Crypto’: Morgan Creek

Morgan Creek’s Anthony Pompliano has declared that, contrary to the expectations of some in the blockchain space, Facebook will eventually build the “most used product in crypto.” Responding to a tweet by The Block founder Mike Dudas inferring that Facebook is hiring blockchain engineers without a clearly defined role or purpose for them, Pompliano stated …

Crypto to Get Regulatory Certainty in South Africa in Payment System Review

Authorities in South Africa are seeking comments on proposed policy changes that could, among other things, offer cryptocurrencies regulatory certainty. Per the South African Reserve Bank (SARB) and the National Treasury, an overhaul of the national payment system (NPS), a set of infrastructures and arrangements which allow the transfer of funds between individuals and entities, …

Bitcoin Price Will Likely Fall to $1,500: Bloomberg Analyst

On the back of a grueling quarter, the bitcoin price could still see tougher times ahead. One analyst over at Bloomberg sees the flagship cryptocurrency possibly heading toward $1,500. Indeed, bitcoin had a dismal November, as part of a difficult year overall for the crypto market, though the past few days have seen slightly more …

Dash Claims Crypto Industry First with Automatic InstantSend Transactions

2018 hasn’t been the best of years for crypto. The sprint for mass adoption has converted into a triathlon in which contestants are starting to sink in the water. One of the (multiple) issues is scaling blockchains for wider use. But if we want more users, we can’t expect payments to take longer than they …

Just 9 Crypto Networks Have $1 Billion Market Caps

According to the latest statistics, there are now fewer than 10 blockchains or crypto token networks worth much more than $1 billion. At time of writing, Cardano’s ADA token was struggling to retain three-comma status, having dipped and recovered multiple times over the course of daily trading. The top value blockchain is still, of course, …

Deutsche Money Laundering Scandal Shows Biased Crypto Narrative

Germany’s largest financial institution Deutsche Bank had its Frankfurt headquarters raided by the local authorities under the suspicion of money laundering. While crypto continues to be targeted by the press for the alleged usage of decentralized systems by criminals, a growing number of banks are being investigated for processing payments for criminal organizations. On November …

Is Tether Trying to Price Itself out of the Stablecoin Wars?

Bitfinex recently moved toward “Tether neutrality,” breaking its special bond with Tether (wherein it was the most reliable way to redeem USDT for USD) and in turn, Tether, with nearly $2 billion it outstanding units, had to re-establish direct redemption for USDT holders to USD. Those still wanting to use the Bitfinex method will have …