Facebook is edging closer to launching its own cryptocurrency, with an aim to launch as soon as next year.
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Unlike bitcoin, Facebook’s aim with GlobalCoin is not to bring down the established financial system, but to co-opt it.
The US Copyright Office awarded self-proclaimed bitcoin inventor Craig Wright registrations for the whitepaper and early computer code underlying the original cryptocurrency.
Bitcoin may have got ahead of itself with its recent rally, according to JPMorgan Chase & Co.
Bitcoin true believers will tell you they never lost faith, but a 50% rally earlier this month has awakened the animal spirits that roamed in the halcyon days of 2017.
Mainstream financial institutions are adopting cryptocurrencies in what is perhaps the most profound development since the birth of bitcoin a decade ago.
John McAfee, the eccentric antivirus pioneer known for publicity stunts and brushes with the law, announced he must “go dark” on Twitter, where he frequently comments on cryptocurrencies.
Crypto enthusiasts at this year’s Consensus conference might feel disappointed that some of the most optimistic speculation underpinning surging token prices isn’t panning out.
Bitcoin jumped to almost $8 000 and didn’t look back, as its longest winning streak since 2013 continued to rekindle the global cryptocurrency market.
Bitcoin surged more than $1 000 this weekend to the highest level since August, as cryptocurrencies extended their rebound from a slump last month.