Facebook May Face Age Problem With GlobalCoin

According to Diar research, most of the Facebook users are over 35 and cryptocurrency is not very popular among them
29 May 2019   507

Cryptocurrency, beeing developed by the world's largest social network Facebook, may be faced with a shortage of investors, as the audience of the platform is becoming increasingly age. This assumption was made by researchers of Diar.

As noted in the report, more than half of Facebook users are over 35 years old, who are often not as knowledgeable about cryptocurrencies and their capabilities as the younger generation.

In addition, to launch own Facebook coin, they’ll probably be looking to countries with underdeveloped financial infrastructure, similar to how the company did it earlier in India with WhatsApp Pay.

With only 10% of Facebook’s user base in the US, the most likely scenario would be to address as many fiat currencies as possible.

Diar Research

According to media reports, Facebook intends to launch the GlobalCoin in the first quarter of 2020.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   63

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."