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Facebook Hires Coinbase Board Member

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Facebook’s Founder, Mark Zuckerberg after being summoned by the U.S. Senate committee on user privacy issues, have resulted to the Blockchain technology to solve its problems. The Cambridge Analytica Data leak has been the major reason why Facebook has been under heavy scrutiny especially after evidence of Russia’s interference through advertising during the 2016 U.S presidential elections.

The Facebook CEO has taken a bold step to safeguard the efforts put in over the years and also the future of social interaction by appointing Coinbase Board member, David Marcus to head the Blockchain team.

David Marcus, who recently joined the board of Coinbase in December 2017, a cryptocurrency exchange based in the U.S. would resign his role and would report to Mike Schroepfer, Facebook CTO, while Chunovsky will report to Chris Cox, Chief product officer. The team comprises of a hand full of very successful tech professionals which includes James Everingham, vice president of engineering at Instagram, and Kevin Weil, Instagram’s vice president of product. This reorganization is the largest restructuring at the social media giant till date.

According to Marcus, “Facebook’s move into blockchain will bring new credibility to the cryptocurrency industry. While Facebook will not necessarily create its own cryptocurrency, the company could well find new uses for blockchain technology, such as encrypted data storage.”

This move by the Facebook CEO to study decentralized technologies, specifically cryptocurrencies, is in a bid to solve its privacy issues.
Zuckerberg published a message detailing his “personal challenge” – similar to a resolution – for the new year, accompanied by a pledge to study technologies “like encryption and cryptocurrency.” Furthermore, this move is a welcomed boost for the cryptocurrency space, as the tech giants banned ads earlier this year that “promote financial products and services that are frequently associated with misleading or deceptive promotional practices.” which included cryptocurrencies.
This is move would clear the doubts in the minds of people about the benefits and untapped potential of the blockchain technology.

 

Would Mark Zuckerberg find the solution to his problem using blockchain?  Let’s hear what you think. Leave your comments below.
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Bitcoin Cash Support Added to HTC Flagship Smartphone, the Exodus 1

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Image: Bitcoin.com

Bitcoin Cash support has been added to the Exodus 1, the flagship smartphone of HTC as part of a new partnership between the Taiwanese smartphone consumer electronics manufacturer and Bitcoin.com

The Exodus 1 which is an Android powered mobile phone is the first native web 3.0 mobile devices with architecture that secures crypto assets. The device has an easy to use digital wallet, Zion Vault whose software interfaces with the device’s hardware security.

The wallet allows users to store and make transactions using the bitcoin cash cryptocurrency without having to be exposed to remote system penetration.

According to Bitcoin.com, the partnership will see HTC pre-loading the firm’s popular wallet app on the device. In turn, Bitcoin.com will offer for sale the Exodus 1 Flagship device and other lower device from the manufacturer on the Bitcoin.com online store. The lower priced device Exodus 1s will also feature same native bitcoin cash support which the flagship users are to enjoy.

Speaking on the partnership, Bitcoin.com CEO Stefan Rust said “There are so many synergies between Bitcoin.com and HTC. We are very excited to be on this incredible journey together.”

Roger Ver, the Executive Chairman contributed saying  “Bitcoin.com’s partnership with HTC will enable Bitcoin Cash to be used as peer to peer electronic cash for the millions of HTC smartphone users around the world.”

Based on the news reporting arm of bitcoin.com, HTC sees great promise in cryptocurrency and that is the reason why it has added support for bitcoin cash.

The Taiwanese firm’s Decentralized Chief Officer Phil Chen speaking on the importance of the partnership between both organizations said “Smartphones are everywhere and have proliferated across the planet. It’s very important for the adoption of crypto that it is easy to store and use, no matter which cryptocurrency is preferred by people. So the fact that BCH, one of the biggest cryptocurrencies, is now easy to use on our smartphone is very important for us. Together, HTC and Bitcoin.com are helping to bring crypto to the masses.”

He went further saying HTC believes in user ownership of, control of their data and cryptocurrency presents the best opportunity to start the journey into owning personal data. Understanding the fear of users owning and controlling access to their data, Phil Chen believes this will significant impact the business models and revenues of these ‘powerful firms’.

HTC believes the smartphone will be the tool which will allow users manage, access, store their digital assets.

Bitcoin.com revealed that future plans of the partnership includes offering discounts when paying for goods in BCH as well as sales of the Exodus phones on store.bitcoin.com

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Businesses Can Now Accept Ether as BitPay Add Support for Ethereum

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Largest global blockchain payment processor Bitpay has announced customers will soon be able to safely, securely and compliantly accept Ethereum for purchases without the need for any further integration.

It also revealed that wallet users will be able to store and use the second largest cryptocurrency by market cap  in their wallet and BitPay Prepaid Visa Cards holders can top up debit cards.

BitPay formerly supports Bitcoin and Bitcoin Cash and has now added Ethereum to its list of supported digital assets on its payment processing platform.

Accesses to foreign exchange in some jurisdiction is a challenge to businesses and with the advent of bitcoin, businesses can easily and effortlessly receive payments from all over the world from users with the three supported cryptocurrencies.

BitPay speaking on the achievement was quoted saying “It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems,” said Vitalik Buterin, founder and creator of Ethereum. “This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real world use cases for cryptocurrencies.”

BitPay offers stable coin settlement with Circle CENTRE USDC, Gemini Dollar (GUSD), and the PAX as well as in 12 currencies and direct deposits in 37 countries.

According to BitPay, it calculates prices displayed on invoices in 150 countries and can settle in over 200 countries. It further said that, for merchants who desire to be settled by bank transfer, the transfer is initiated the next day and cryptocurrency is settled the next day.

BitPay was founded in 2011 as the pioneer bitcoin and blockchain payment with large number of merchants already using its payment processor such as Microsoft, Newegg, Dish Networks etc. It enables users to manage digital assets with the BitPay walllets and turn digital assets into dollars with the BitPay Visa Card.

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Binance Announces Additional JEX Token Airdrop for Binance.com Users

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Cryptocurrency exchange and blockchain ecosystem Binance has announced additional JEX token airdrop for users of its Binance.com platform.

Users are expected to use their Binance.com login credentials to claim the tokens. The claim is available from the 11th of September, 2019 at 6:00AM (UTC) to 18th of same month at 6:00AM (UTC).

Users are to login to the Binance JEX and upon the first time of login, they will be rewarded with a random airdrop of between 10-100 JEX tokens.

The rules for the airdrop were presented in a list by the exchange in a blog post published today 16th of September, 2019.

According to Binance, users are expected to login to Binance JEX with their Binance.com login information and the account must have trading records and a minimum balance of at least 0.01BTC before 3:59AM (UTC) on the 10th of September.

Users may only qualify for the airdrop the first time they use their Binance.com account to login to Binance JEX.

It also revealed that the quantity of JEX tokens awarded from the airdrop after logging in to Binance JEX for the first time will be seen immediately.

Binance assured users who have login to Binance JEX before the promotion was announced will still qualify for the JEX token airdrop the first time they access their Binance JEX account with their Binance.com credentials during the promo period.

Binance JEX formerly JEX is a spot and derivative crypto trading platform run by JEX Technology Co, Ltd. Binance announced the acquisition of the trading platform and added it to its growing platform businesses. JEX also offers other than derivatives, futures contracts.

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Top Cryptocurreny Exchange Latoken List Kenyan based digital currency OnyxCoin

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Image: Latoken

Kenya based cryptocurrrency OnyxCoin has been listed on global cryptocurrency exchange Latoken. The digital asset Onyx is the native token of the OnyxPay decentralized exchange and it is owned by Kwakoo Group.

The Onyx is a digital asset with its own blockchain the OnyxChain built to facilitate universal payments. Through the decentralized exchange platform, Onyx will provide scalable, secure and safe payments in any fiat currency and across broad spectrum of service and industries by converting into a stable digital fiat currency, the OnyxCash.

Launched in August 1st, 2019, It allowed users to create accounts on the fifth day post launch.

In July 22, Latoken tweeted it will be listing the Onyx token on its’ exchange. With several hundreds of trading digital assets and large user base cutting across various continent, Latoken has listed the Onyx Coin on its’ exchange platform.

Based on a comment made to local media house, BitcoinKE, a representative of Onyx was quoted speaking on the Listing process “The process is quite hectic for native tokens that are not ERC-20.

The asset is currently listed against two industry dominant trading pairs. The BTC and ETH trading pairs.

Latoken is currently listed as No. 9 of the top cryptocurrency by coinmarketcap data with a daily volume of over $700 million.

 

 

 

Latoken is a cryptocurrency exchange with native token LA offering users spot trading, instant exchange, Crypto-Fiat gateway. It also offers crypto entrepreneurs IEO crowdsale services allowing founders to raise funds from the public. The LA is currently listed on OkeX, Hitbtc and Kucoin.

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