Facebook to Develop Stablecoin for WhatsApp

Company plans to launch a service in the Indian market, where WhatsApp has about 200 million active users
21 December 2018   575

The social network Facebook is developing a dollar based stablecoin for users of the popular WhatsApp messenger, Bloomberg reported, citing informed sources.

Company plans to launch a service in the Indian market, where WhatsApp has about 200 million active users. In addition, the volume of the money transfer market in the country in 2017 amounted to $ 69 billion, which brought the country to the first place in the world.

At the same time, Facebook Inc. also is working on the concept of custodial solutions for currency reserves at the base of stablecoin, sources say.

Facebook has opened five vacancies for blockchain specialists, including the positions of a researcher and data engineer, as well as a manager of a team of blockchain specialists.

Development of blockchain solutions on Facebook is the responsibility of former PayPal president David Marcus, who for some time served on the board of directors of the American cryptocurrency company Coinbase.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   87

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."