Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project. Four companies abandon ship On Oct. 11, Bloomberg reported that Ebay, Stripe and Mastercard had decided to drop out of Facebook’s Libra cryptocurrency project. Within minutes, Visa said it had also decided not to join the Libra Association, according to The Block. The news comes one week after payment processor PayPal announced its withdrawal from the Libra stablecoin project as regulators continue to scrutinize the project. The companies have expressed respect for Facebook’s vision and claim to see …

A physical bitcoin (BTC) is selling on eBay for $99,000, a listing on July 1 shows. The seller claims the “collector’s must have” is a Casascius brass token that was created in 2011. According to the listing, the physical coin is loaded with one BTC that has not been redeemed, and all of the seals remain intact. Payment can be made in crypto or cash, and the seller says they will also consider trading it for real estate. However, the listing adds that “Cars and boats = no.” The seller says they made the purchase back in 2012 and have …

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Million Liquidated on BitMEX Major crypto exchange Bitstamp launched an investigation this week after a large bitcoin (BTC) sell order heavily impacted its order book. Bitstamp reported on the execution of the large bitcoin sell order from BTC to United States dollars, without specifying …

EBay has denied rumors that it is going to start accepting cryptocurrency as a payment method, according to a Bloomberg report on May 14. Speculation has been mounting since the e-commerce giant took out ads at the Consensus conference in New York City. One of the billboards said: “Virtual Currency. It’s happening on eBay.” It has been suggested that this week’s surge in crypto prices, which has happened without explanation, was linked to hopes that eBay was preparing to embrace crypto. Given how the online auction site bills itself as “the world’s largest marketplace,” such a move would have been …

Top Stories This Week Owner of ICO That Never Happened Attempts to Sell Project on eBay for $60,000 The owner of a crypto-related startup dubbed Sponsy, which never launched its initial coin offering (ICO), is attempting to sell the project on eBay for $60,000. The project is described as a blockchain-related identity that is able to launch both an ICO and a security token offering (STO), with the author of the posting claiming that the project was both audited by an investment firm and approved by several investment banks. Sponsy also claims to have a solid social presence, although its …

The owner of a startup that never launched its initial coin offering (ICO) is trying to sell the project on eBay for $60,000, according to an offer on the e-commerce website that expires Friday, March 29. The startup, named “Sponsy,” is described as a blockchain project that is fully prepared to launch both ICO and security token offerings (STO). The author of the offer claims that the project was audited by an investment firm and approved by investment bankers. Moreover, the advertisement states that the solutions developed by Sponsy comply with European Union and United States regulations. In addition, the …

South Korea's leading virtual currency exchange Bithumb has partnered with Asian e-commerce giant Qoo10 to provide a cryptocurrency payment service, according to an official announcement Nov. 7. Qoo10, the so called “Asian Amazon,” is a leading South Korean e-commerce company in pan-Asian markets such as Singapore, Hong Kong, China, and Indonesia. The press release notes that the partnership will expand the Bithumb cash payment service as a global payment method. The two companies initially signed a contract in August and proceeded to work with the Qoo10 settlement service and Bithumb Cache system. Introduced by Bithumb this spring, Bithumb Cache is …

EBay.com president Devin Wenig has stated he is “very open” to Bitcoin and that eBay “will probably experiment” with the digital currency in the future. In an interview with the Wall Street Journal, Weng explained that PayPal’s current activities in the space would be mimicked due to the companies’ “long-term” ongoing cooperation. He said: “Both eBay and PayPal are open to [Bitcoin]—PayPal is experimenting with it—and through our relationship we’re likely to do the same. I am very open to it.” The declaration comes as the future of the eBay-PayPal relationship is in planning following the split earlier this year. …

EBay is freeing payment subsidiary PayPal, spinning it off into its own company by 2015. We're all wondering: could this separation affect Bitcoin? PayPal has a developing relationship with cryptocurrency. Since the two are squeezing into the same space – digital payments – the relationship was in the spirit of competition, although, truthfully, for most of its history Bitcoin has been nothing more than a blip on PayPal's radar. “I think Ebay is seeing the writing on the wall and the dynamics of financial privacy, encryption and decentralized markets like Open Bazar are inevitable,” Tone Vays commented to Cointelegraph. “It …