Facebook Messenger Unlikely to Support Cryptocoins

According to Facebook Vice-President of messaging, there are still too many problems, related to crypto
07 February 2018   472

Facebook Vice-President David Marcus said that in the foreseeable future the company does not plan to launch a system of cryptocurrency payments on the platform, reports Coindesk.

According to Marcus, while there are too many problems and negative factors with existing cryptocurrencies, including high remittance fees and low transaction confirmation rates.

Once the industry self regulates a lot better and you have better more legit products that want to be advertised on the platform. When we get to that stage, we'll figure out a way to reintroduce these things.

David Marcus

Facebook Vice-President of messaging

It is worth noting that at the end of 2017 he joined the board of directors of the largest American crypto-exchange platform Coinbase. According to Marcus, if the development community "corrects all problems", then Facebook can reconsider its position.

This statement was made a few days after Facebook banned the advertising of Crypto-Currency and ICO. It is also worth reminding that this adblock doesn't work properly.

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   70

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.