Altcoins News

Story: Facebook Backed by Big Guys – Major Altcoins – Google Software – Ethereum Apps Builders

By Dan Saada

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Facebook has listed a dozen companies which includes Mastercard Inc, Visa Inc, Paypal Holdings, and Uber Technologies Inc to back its cryptocurrencies.

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According to people familiar with the matter, each of the companies involved in the consortium will be donating $10 million. This money will be used for the creation of the coin.

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There are chances for the employees involved in this project to be paid in the cyber currency.

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David Marcus, the Messenger Chief at Facebook, is already exploring the blockchain technology and its potential for the use of the platform.

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US Commodity and Futures Trading Commission (CFTC) was pulled in to a loop concerning the discussion about the crypto Stable coin initiative of Facebook.

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With big backers, the Facebook coin is expected to exert a major influence in the cryptocurrency market.

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Major Altcoins except for Litecoin is currently showing substantial gains. The BTC/USD showed a sharp upside move on Wednesday.

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Ethereum app builders who are using the Google software will be able to integrate the data from the outside sources of blockchain via a partnership with Chainlink, which provides…

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This can be particularly useful when it comes to sorting speculative bets in prediction based market places.

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The maturity of the cryptocurrency market has been of increased concern to the SEC.  During a Fintech conference, the SEC commissioner stated that the concern is not about…

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