Samsung is another big-name company to consider issuing its own cryptocurrency. Similar stories have already emanated from the likes of Facebook and JPMorgan Chase, with analysts speculating on various use cases for these cryptocurrency tokens. While not yet confirmed officially, a “Samsung Coin” could find application as a payment means on the company’s app store and traded on cryptocurrency exchanges. The company has revealed that its flagship Galaxy S10 smartphone will have a built-in cryptocurrency wallet. With these mega-corporations delving into the blockchain scene, it is perhaps important to see how their virtual currency implementation compares with each other and …

American rapper Lil Pump has started accepting bitcoin (BTC) payments through his merchandise store Unhappy, according to his website. Fans of the 18-year-old, known for his catchphrase “Esskeetit” and his most recent album Harverd Dropout, can select crypto as a payment option at the checkout. The rapper has 17.8 million followers on Instagram, 1.2 million followers on Twitter and 2.3 million likes on Facebook. Shoppers can either choose to pay off-chain using a BTC Lightning Network wallet or on-chain through a standard bitcoin wallet. Selecting one of these options generates a QR code, which can then be scanned to complete …

Top Stories This Week NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with the matter, said that Facebook is seeking $1 billion to develop its cryptocurrency project, which itself has not been publicly confirmed by the company. The Times reporter also noted that the project involves a stablecoin that would be pegged to a basket of foreign currencies …

Billionaire VC investor Tim Draper is planning to meet with Facebook execs to discuss investing in the social media’s rumored crypto project, Bloomberg reports April 12. According to the report, Draper revealed to Bloomberg that he is “interested to hear the story” around the project, claiming that he is ready to “see if it is a fit.” The move comes on the heels of recent news that the social media giant is reportedly seeking a $1 billion investment from various venture capital firms to develop its supposed cryptocurrency project. On April 8, New York Times tech reporter Nathaniel Popper revealed …

Facebook is controversial, if nothing else. The world's fifth-biggest company by market cap, it's also the biggest social network by a comfortable margin. Yet, despite the fact that most of us use it, we've become increasingly suspicious of what it's been doing with our personal data. Ever since the Cambridge Analytica scandal (and probably long before), we've feared that such data isn't particularly secure or private, so we've been pushing back against the social media giant, as witnessed with last year’s #DeleteFacebook campaign. But at the same time, those with an interest in cryptocurrency also have an appreciation that, for …

Facebook is reportedly seeking support from various venture capital (VC) firms to develop its supposed digital token, New York Times (NYT) tech reporter Nathaniel Popper tweeted on April 8. Citing sources familiar with the matter, Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project. He states that seeking outside investment could keep the project more in line with the crypto community’s decentralized ethos: “Given that one of the big allures of blockchain projects is the decentralization, getting outside investors could help Facebook present the project as more decentralized and less controlled by Facebook.” Popper …

Facebook’s HQ in Menlo Park, California, has opened five new positions in its blockchain department, according to listings posted today, March 29. The new jobs were posted in the company’s LinkedIn account. According to the announcements, the company is now seeking a growth product manager, product manager, data scientist, software engineer and business operations manager to join its blockchain team. The description of the positions also hints at the possible areas in which the firm may implement the technology: “The blockchain team is a startup within Facebook and we're exploring lots of areas of interest across all facets of blockchain …

Central banks should leave issuance of digital currencies to corporations such as Facebook and JPMorgan, according to a blockchain and financial partner at PwC France, Forbes reports March 22. According to PwC France’s Pauline Adam Kalfon, central banks should stay away from the issuance of central bank digital currencies (CBDCs) until large corporations test out the tokenization of fiat currencies themselves. Only when cryptocurrencies are "battle-tested by corporations,” should central banks make a move towards the crypto space, Kalfon argued, adding that it will reduce the likelihood of potentially negative consequences on the economy arising from any central bank issuing …

Facebook is seeking to hire a senior lawyer with experience in both blockchain and payments, a job description uploaded to its website this week confirms. Facebook, which has hinted about plans involving blockchain, cryptocurrency and payments across its social media ecosystem, now wants a Lead Commercial Counsel to guide the rollout of new offerings. “You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally,” the job description reads. It continues: “You will also advise clients on the various legal risks, business …

This sponsored article has been removed due to noncompliance with Cointelegraph’s internal policies. We apologize for the following situation. 03/19/2019 at 10:10 a.m. PST — This sponsored article was published. 03/19/2019 at 10:20 a.m. PST — We were internally notified that this project might be considered as “questionable”. We decided to conduct a second background research. The task was assigned to the Legal Department for additional due diligence, which indicated that the project doesn’t comply with Cointelegraph’s policy. 03/20/2019 at 9:00 a.m. PST — This sponsored article was removed. Due to this unpleasant incident, we have strengthened our review process …

Jeremy Allaire, co-founder and CEO of payments company Circle, has said that as the sector continues to see new market entrants, stablecoins using an open standards approach will prevail. Allaire made his remarks during an interview with Fortune’s crypto-focused segment The Ledger on March 19. As reported, Circle launched its USD-backed, ERC-20 stablecoin USD Coin (USDC) last fall, via the consortium Centre, which counts crypto exchange Coinbase and mining firm Bitmain as members. Centre is also the name for the token’s open network and open source protocol, which provides interoperability in a bid to secure wide ecosystem support for the …

Tyler and Cameron Winklevoss, Bitcoin (BTC) bulls and founders of the Gemini crypto exchange, say that while Facebook’s secretive crypto project is positive for the industry, ultimately crypto will usher in something greater than the social networking era. The twins made their remarks during an interview with British broadsheet The Telegraph on March 17. The Winklevoss twins have a famously antagonistic history with Facebook founder Mark Zuckerberg, having sued him for allegedly stealing the idea for the social network from them during the trio’s student days at Harvard. The case was eventually settled, with the twins receiving $20 million and …