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Facebook Is Developing a Cryptocurrency for WhatsApp Transfers

Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter. The company is developing a stablecoin -- a type of digital...

Peter Thiel Invest in Crypto Platform Layer1

Crypto investment and infrastructure platform Layer1 announced today the closing of $2.1 Million in Seed Funding backed by world-class investors, including Peter Thiel, Digital Currency Group, Jeffrey Tarrant, and more. Layer1 takes concentrated bets on promising blockchain protocols and builds critical technology to support...

Pros Are Ditching the Bitcoin Market, JPMorgan Says

The prolonged digital-asset slump is scaring off institutional players, according to JPMorgan Chase & Co., suggesting a fulcrum for cryptocurrency markets is giving way. “Participation by financial institutions in Bitcoin trading appears to be fading,” analysts including Nikolaos Panigirtzoglou wrote in a research note dated...

Blockchain Transparency Institute: Crypto Exchange Volumes Report

Methodologies for our reports have evolved since our initial report focusing primarily on web traffic, followed by our November report, in which we added data collected from exchanges on mobile app usage and API trading. For our December report we’ve taken a deeper dive into...

Egypt’s Central Bank Studies Issuing Digital Currency

Egypt’s central bank is studying issuing a digital currency, its sub governor Ayman Hussein said at conference in Abu Dhabi on Sunday. The central bank is conducting the feasibility studies in cooperation with a number of international financial institutions, Hussein said, without disclosing names or...

Porsche arranges acquisition finance loan on BBVA blockchain

BBVA has negotiated and closed a EUR150 million term loan for Porsche Holdings using blockchain technology. The transaction is the latest in a number of notable DLT-based deals conducted by the Spanish bank with corporate customers, including the arrangement of a EUR150 million syndicated...