cryptocurrency - updates

Rappler's latest stories on cryptocurrency


Facebook wallet for Libra digital coins renamed 'Novi'

May 27, 2020 - 11:36 AM

The rebranding replaces the original name of 'Calibra' for the Facebook digital wallet which would work with the planned virtual currency Libra

NOVI. Image from Facebook

Singapore sovereign fund Temasek joins Facebook-backed Libra

May 15, 2020 - 9:32 AM

Along with Temasek, US-based cryptocurrency investment firm Paradigm and private equity group Slow Ventures join Libra

Encrypted messenger Telegram ends cryptocurrency project

May 13, 2020 - 6:41 PM

Telegram ends its 'Telegram Open Network' platform project, following a legal battle with US regulators

NO MORE CRYPTOCURRENCY. This illustration picture taken on April 6, 2018 in Moscow shows the Telegram messenger application displayed on the screen of a smartphone. File photo by Alexander Nemenov /AFP

Bitcoin rises after eagerly awaited 'halving'

May 13, 2020 - 2:49 PM

The 'halving' is expected to hit the profitability of mining bitcoin as more work will be needed to achieve the same reward – but analysts say this could be offset if the unit's value rises

BITCOIN HALVING. In this file photo taken on January 26, 2020, The photo shows a physical imitation of a Bitcoin in Dortmund, western Germany. Photo by Ina Fassbender/AFP

Facebook-backed Libra appoints chief executive

May 07, 2020 - 8:38 AM

Stuart Levey has been the chief legal officer at HSBC Holdings since 2012, and once served as the first under secretary of the US Treasury for terrorism and financial intelligence

LEVEY. Stuart Levey is a former US Treasury official who headed a team fighting financial crime. Photo by Jim Watson/AFP

U.S. indicts 2 Chinese for allegedly laundering around $100M in cryptocurrency

Mar 03, 2020 - 1:11 PM

Tian Yinyin and Li Jiadong are accused of working with Lazarus Group, which was blamed for an April 2018 cryptocurrency hack in which about $250 million was stolen

'Legal basis' an 'absolute prerequisite' for digital monies like Libra – G7

Oct 18, 2019 - 10:26 AM

'Ambiguous rights and obligations could make the stablecoin arrangement vulnerable to loss of confidence – an unacceptable risk, especially in a payment system of potentially global importance,' the G7 report says

LIBRA. Silhouettes are seen beneath a sign of Libra, the cryptocurrency project launched by Facebook during a conference at marketing and communication school CREA in Geneva on September 26, 2019. Photo by Fabrice Coffrini/AFP

Group behind Facebook's Libra coin announces 21 founding members

Oct 15, 2019 - 1:24 PM

Libra initially hopes the number of companies backing it would increase from an initial 28 to 'well over 100.' Instead, the list has shrunk following criticism from regulators.

PayPal abandons Facebook-backed Libra cryptocurrency group

Oct 05, 2019 - 1:23 PM

'We remain supportive of Libra's aspirations and look forward to continued dialogue on ways to work together in the future,' PayPal says

PAYPAL. The logo of online payment company PayPal is pictured during LeWeb 2013 event in Saint-Denis near Paris on December 10, 2013. AFP File photo by Eric Piermont/AFP

Russian man sues Apple for 'turning him gay'

Oct 04, 2019 - 7:31 AM

The man files suit in a Moscow court after an incident this summer in which a cryptocurrency called 'GayCoin' was delivered via a smartphone app, rather than the Bitcoin he had ordered

Facebook-backed Libra group pledges to 'reassure' regulators

Sep 27, 2019 - 12:32 PM

Governments and officials have raised concerns over how the currency would be regulated, specifically on matters concerning laundering and terrorism financing

Silhouettes are seen beneath a sign of Libra, the cryptocurrency project launched by Facebook during a conference at marketing and communication school CREA in Geneva on September 26, 2019. Photo by Fabrice Coffrini/AFP

Messaging app Kik to shut down as company focuses on Kin cryptocurrency

Sep 24, 2019 - 8:15 PM

Kik Interactive CEO Ted Livingston says it wants to increase Kin blockchain's ability 'to support a billion consumers making a dozen transactions a day with sub 1 second confirmation times'

France will block development of Facebook Libra cryptocurrency

Sep 12, 2019 - 8:14 PM

France wants to block the development of Libra because it says it threatens the 'monetary sovereignty' of governments

Telegram secretly plans 'Gram' cryptocurrency

Sep 04, 2019 - 11:37 AM

Reports say Russian-founded Telegram aims to create an accessible service that is easier to use than various cryptocurrencies like Bitcoin

Facebook's Libra currency could undermine European Central Bank – official

Sep 02, 2019 - 8:59 PM

Yves Mersch, a board member at the Frankfurt institution, hopes Europeans don't leave traditional payment solutions for the 'beguiling but treacherous promises of Facebook's siren call'

Swiss privacy watchdog seeks details on Facebook Libra cryptocurrency

Jul 24, 2019 - 3:50 PM

Switzerland's financial watchdog FINMA plans to conduct oversight of the Geneva-based Libra Association

Libra: What consumers need to know about Facebook’s new cryptocurrency

Jul 20, 2019 - 8:00 AM

One concern is that Libra may herald a shift away from traditional government taxes and banking fees to a new international monetary system controlled by corporate entities like Facebook and Uber

Shutterstock photo

Facebook's Libra prospects dim, but cryptocurrencies roll on

Jul 18, 2019 - 12:06 PM

The US government wants the dollar to be the global reserve currency, and will oppose any 'threat to that,' says one analyst

Facebook's Libra currency under fire

Jul 15, 2019 - 5:49 AM

Libra, which is widely regarded as a challenger to dominant global player Bitcoin, is expected to launch in the first half of 2020

China police bust bitcoin miners for stealing $3 million in electricity

Jul 12, 2019 - 8:35 PM

Police in Zhenjiang in eastern Jiangsu province say officers confiscated almost 4,000 mining devices from an illicit bitcoin operation that stole nearly 20 million yuan or about $2.91 million in power

Japan firm says $32 million missing in cryptocurrency hack

Jul 12, 2019 - 4:54 PM

The apparent hack is discovered after an error appeared in the firm's outgoing funds transfer system on Thursday night, July 11

Trump says cryptocurrency is 'not money'

Jul 12, 2019 - 2:29 PM

'I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,' Trump tweets

U.S. Fed to look 'carefully' at Facebook virtual coin Libra

Jun 26, 2019 - 1:15 PM

Federal Reserve chairman Jerome Powell becomes the latest official to voice concern over the global virtual currency unveiled last week by Facebook

Swiss watchdog 'in contact' with Facebook cryptocurrency backers

Jun 20, 2019 - 7:07 PM

Given Facebook's international reach, global regulators are unlikely to leave supervision of the Libra cryptocurrency entirely to the Swiss

With 'Libra,' Facebook takes on the world of cryptocurrency

Jun 18, 2019 - 5:22 PM

Libra, described as 'a new global currency' set to roll out next year, is being backed by about 25 partners, including nonprofits and firms in financial services and online commerce

Facebook to unveil new cryptocurrency

Jun 17, 2019 - 6:39 PM

The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of 'blockchain' technologies such as bitcoin

Facebook making independent foundation for its cryptocurrency run – report

Jun 06, 2019 - 6:53 PM

A report mentions Facebook is reaching out to financial institutions and tech companies who may want to 'contribute capital and help govern the digital currency'

Facebook plans cryptocurrency launch in 2020 – BBC

May 24, 2019 - 7:53 PM

'GlobalCoin' would work with a new digital payments system in about a dozen countries, starting in the first quarter of 2020, BBC says on its website

Plans for blockbuster cryptocurrency IPO shelved amid bitcoin slump

Mar 27, 2019 - 5:56 PM

Bitmain Technologies says it allowed its IPO application to lapse 6 months after it was initially filed in September

Mark Karpeles: Bitcoin baron brought down with a bump

Mar 13, 2019 - 2:42 PM

In many ways, the trajectory of Mark Karpeles mirrors the volatile rise and fall of the bitcoin currency itself

KARPELES. French national Mark Karpeles, former CEO of collapsed Bitcoin exchange MtGox, attends a press conference after his first hearing in Tokyo on July 11, 2017. Photo by Quentin Tybeghien/AFP

Coinhive cryptocurrency miner shutting down in March

Feb 28, 2019 - 6:35 PM

All Monero mining operations using Coinhive will cease working after March 8, while users can still cash out using their dashboards until April 30

SHUTTING DOWN. Coinhive is discontinuing its services due to a variety of factors. Screenshot of announcement from Coinhive website.

Cryptocurrency exchange loses $145 million as founder's death locks out investors

Feb 05, 2019 - 3:35 PM

'After Gerry’s death, Quadriga’s inventory of cryptocurrency has become unavailable and some of it may be lost,' Cotten’s widow Jennifer Robertson says in an affidavit

Bitcoin falls below $5,000 for first time since 2017

Nov 20, 2018 - 12:19 PM

The still-nascent sector is not completely transparent and analysts have struggled to understand what precisely prompted the latest drop

BITCOIN. A picture taken on February 6, 2018 shows a visual representation of the digital crypto-currency Bitcoin, at the "Bitcoin Change" shop in the Israeli city of Tel Aviv. Photo by Jack Guez/AFP

Cryptocurrency bitcoin marks 10 years

Oct 23, 2018 - 1:14 PM

It's been nearly 10 years since bitcoin first came on the scene. Here's what you need to know about its development.

BITCOIN. This file picture taken on February 28, 2014 shows a man talking on a mobile phone in a shop displaying a Bitcoin sign during the opening ceremony of the first bitcoin retail shop in Hong Kong. File photo by Philippe Lopez/AFP

[OPINION] Can the PH be a crypto country?

Oct 20, 2018 - 10:25 AM

Mainstream adoption may lower cost of remittances, extend financial inclusion to the unbanked, and accelerate digital commerce

Plastic surgeon buys top South Korea Bitcoin exchange

Oct 12, 2018 - 6:07 PM

Singapore-based BK Global Consortium bought a 50% stake plus one share in Bithumb, the country's biggest virtual currency exchange, from shareholder BTC Holdings for about $353 million

$60 million in virtual currency hacked in Japan

Sep 20, 2018 - 1:46 PM

Reports identify three types of cryptocurrencies stolen in the hack: bitcoin, bitcoin cash, and monacoin

NSA leak fuels rise in hacking for crypto mining – report

Sep 19, 2018 - 11:51 PM

The Cyber Threat Alliance reports a 459% increase in the past year of illicit crypto mining – a technique used by hackers to steal the processing power of computers to create cryptocurrency

[ANALYSIS] The Philippines' cryptocurrency opportunity

Aug 30, 2018 - 2:21 PM

Financial technology innovations that could well benefit the 'unbanked' and others who would benefit from greater access to capital could well be stymied by well-intended regulations in the Philippines

North Korean hacker group targets macOS with cryptojacking malware

Aug 27, 2018 - 12:51 PM

Security firm Kaspersky Lab claims this is the first time that the cybercrime group, Lazarus, distributed malware that targets macOS users

Cryptominers dreaming of rebound after price crash

Aug 27, 2018 - 9:45 AM

After last year's cryptocurrency boom, cryptomining profitability has significantly dropped in 2018

Hackers target smartphones to mine cryptocurrencies

Aug 22, 2018 - 3:13 PM

Cryptocurrency mining is expensive. Some hackers are secretly exploiting phones to help them mine

Actual usage precipitates blockchain understanding, say entrepreneurs

Aug 20, 2018 - 6:55 PM

Many understand the internet through applications such as email, social media, or video streaming. To understand blockchain, use it, get a cryptocurrency wallet, and try making a few transactions, say Brock Pierce and Serry Osmeña

Regulator unveils plan to monitor cryptocurrency threat

Jul 16, 2018 - 9:17 PM

While the Financial Stability Board believes crypto-assets do not yet pose a material risk to global financial stability, it urges major economies to scrutinize cryptocurrencies due to a lack of solid data on their use

Russian intelligence agents allegedly used Bitcoin in U.S. election hack

Jul 16, 2018 - 3:59 PM

'The use of bitcoin allowed the conspirators to avoid direct relationships with traditional financial institutions, allowing them to evade greater scrutiny of their identities and sources of funds,' the indictment reads

Cryptocurrency exchange Bithumb stops deposits, withdrawals after hack

Jun 20, 2018 - 3:00 PM

Bithumb notices 35 billion Korean won ($31 million) in currency missing between Tuesday evening, June 19, and Wednesday morning, June 20

Bitcoin 'whales' and market manipulation, plus 3 more things in cybersecurity this week

Jun 16, 2018 - 3:19 PM

From bitcoin's silently powerful minority directing the value of the cryptocurrency to cyberattacks against Singapore during the Trump-Kim summit, it's your weekly roundup of Cybersecurity news

Bitcoin 'whales' pulling cryptocurrency strings

Jun 13, 2018 - 2:06 PM

Bitcoin 'whales' – a word popularly used for big money players in financial markets – 'literally control the currency,' says Bob McDowall, an expert in cryptocurrencies

Blockchain Association of the Philippines established

May 22, 2018 - 6:50 PM

The association seeks to spread understanding and adoption of blockchain technology among Filipino entrepreneurs and fintech professionals

BITCOIN. Blockchain's poster boy, Bitcoin, has often been seen as a way to get rich quick. The Blockchain Association of the Philippines is seeking to spread a better understanding of the technology behind it, Blockchain. Photo by Jack Guez/AFP

US SEC launches fake cryptocurrency 'sale' to educate about scams

May 17, 2018 - 11:21 AM

'Fraudsters can quickly build an attractive website and load it up with convoluted jargon to lure investors into phony deals,' says Owen Donley, US SEC Chief Counsel

PHONY. The US SEC has set up a fake website mimicking scam websites preying on individuals looking to make a quick buck from cryptocurrencies. Screenshot from