Cryptocurrency News

Proof-of-Stake (PoS) consensus protocol has been actively replacing Proof-of-Work (PoW) as the go-to model in the crypto space. Without going into too much detail,…

There is no doubt that Facebook’s so-called “crypto opportunity” comes with high expectations. People in the digital currency space are anticipating what the social media giant’s upcoming project has to offer. Interestingly, analysts from RBC have some interesting remarks.

According to a note sent out to clients on Thursday, June 13, Mark Mahaney and Zachary Schwartzman, analysts at RBC Capital Markets, Facebook Inc.’s cryptocurrency initiative may be one of the company’s most important in its history, which could end up unlocking new engagement as well as revenue streams for the social media giant.

According to a market research report published on June 13 by Reportlinker, the blockchain technology market in the aerospace as well as auto industries will grow to $20 billion by the year 2029. The analysis conducted by the firm forecasts that applications of the technology will grow at a compounded annual rate of 60.35% for the next 10 years.

Helium, Napster creator’s Shawn Fanning’s new company, released its wireless IoT (Internet of Things) hotspot devices that have a blockchain incentives program. The news was published on Helium’s blog on June 12.

According to a mainstream media report released on June 11, the US-based major wallet service and cryptocurrency exchange Coinbase launched its Visa debit card in another 6 countries in Europe. The exchange had debuted this card in the United Kingdom in April earlier this year.

According to a blog post published by Trend Micro on June 10, attackers have been taking advantage of a bug in Oracle’s WebLogic server and using it to install a Monero (XMR) mining malware. The malware also uses certificate files to obscure its trail.

The major cryptocurrency exchange Bittrex published a blog post on June 07, announcing that it would be blocking the trading of 32 cryptocurrencies for its United States-based users. The blog stated that after June 21, cryptocurrency traders based out of the US would not be able to access 32 of the coins listed on its platform, including STORJ (Storj) and QTUM (Quantum).

It is no secret that Facebook is wanting to join the big crypto race. The social media giant, despite its efforts to keep everything under wraps, has somehow given proof to its highly anticipated digital currency. Here is everything we know about it right now.

According to multiple tweets by Whale_alert.io, the cryptocurrency transaction tracker, a part of the Bitcoin (BTC) that had been stolen from the cryptocurrency exchange Bitfinex in 2016 was moved from the hackers’ wallets to a new, but unknown address on June 7.