Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report

Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported on June 14. Per the report, Facebook and dozens of its partners will unveil the Libra Association — which will be based out of Geneva — as the entity that will oversee the company’s Libra cryptocurrency project. During the event, the company is also expected to launch the testnet of its blockchain. The Block claims to have seen an unspecified blog post from Facebook, according…

New Report Reveals Details of Telegram’s TON Blockchain

A new report on the Telegram Open Network (TON) by Russian research agency Aton — published today, June 14, on Cointelegraph — reveals new details about one of the most anticipated projects in the crypto space. TON is a blockchain platform developed by encrypted instant messaging service Telegram, which is widely regarded as one of the primary means of communication within the blockchain and crypto community. The blockchain network reportedly aims to gain wide usage due to the active, crypto-friendly Telegram community. According to the report, TON will facilitate internal…

Few Women Are Contributing Code to Major Crypto Projects, Report Finds

Using data collected from from Github, a study found the top 100 blockchain projects in the cryptocurrency ecosystem showed deep lack of gender diversification, with women committing only about five percent of code. The study, conducted by journalist Corin Faife, reportedly checked over 1 million code commits in GitHub to identify participation of open-source contributors that could be identified as women. The investigation showed a total of 4.64% of female names in the main branches for each of these projects, a percentage that isn’t unusual in the cryptocurrency world. Minding the…

Less Than 5% of Crypto Code Commits on Github Made By Women: Report

Less than 5% of the code committed to the top 100 cryptocurrency projects on Github were contributed by women, according to a Medium article posted by journalist Corin Faife on June 10. The author gathered more than 1,026,804 code commits for his research. While 691,134 were made by developers with a male name, just 47,678 were made by a female name. A further 287,992 were pseudonymous or produced by someone with a name that could be of either gender. Faife found that Github users with a male name contributed two-thirds…

New Report Reviews Blockchain Applications by US Federal Government

The research organization Data Foundation and IT firm Booz Allen Hamilton have published a report with five proposed questions to guide the United States federal government on where and how to implement blockchain initiatives. Their research was published in the report “Bringing Blockchain Into Government: A Path Forward for Creating Effective Federal Blockchain Initiatives” on June 10. According to the report, blockchain solutions make the most sense when applied to some sort of procedure with a predetermined level of consistency and a low level of agility, assuming that the immutable…

Binance Confirms Stablecoin Offering Coming Soon: Report

Binance, the top crypto exchange by adjusted trading volume, has confirmed it will soon issue its own stablecoins. In a phone interview with Bloomberg, Binance’s chief financial officer, Wei Zhou, said the first stablecoin will be launched on the platform “in a matter of weeks to a month or two.” According to Zhou, the token will be called Binance GBP, which will be fully backed by reserves of British pounds. More coins tied to other fiat currencies will follow, he said, while Binance will also work with partners wanting to…

Crypto Market Outlook Downgraded to ‘Uncertain’ in New SFOX Volatility Report

The current outlook for the cryptocurrency market has been downgraded from mildly bullish to uncertain, SFOX’s latest volatility report concluded on June 6. While the report acknowledged that crypto prices recovered substantially last month, the authors described overall sentiment is at a tipping point — and warned it was unclear how much of the growth is due to FOMO (fear of missing out). SFOX echoed recent comments made by Digital Currency Group founder, Barry Silbert, and said bitcoin’s (BTC) rally on Monday, May 13 may have been linked to developments in the trade war…

Facebook Set to Reveal Own Cryptocurrency in June, Report Says

Social media giant Facebook is said to reveal its own cryptocurrency later this month. According to a report from The Information on Wednesday, Facebook is poised to unveil its cryptocurrency to the public later in June, which is aimed to allow users to process transactions via the social media channel, and will be offered to Facebook employees who want to be paid in the form of the cryptocurrency. The report added Facebook is also planning to have physical portals for users to purchase the cryptocurrency, which, according to previous reports, is called GlobalCoin. In addition,…

Ex-Bitmain CEO Jihan Wu Set to Launch Crypto OTC Platform Next Month: Report

Ex-Bitmain CEO Jihan Wu could launch his newest venture next month, according to a report by The Block on June 5. One unnamed source told the website that the crypto services startup, called Matrix, “will be the biggest over-the-counter (OTC) desk and asset manager overnight.” Matrix’s OTC offering is likely to be boosted by its close ties to bitcoin (BTC) mining company, Bitmain. The new business will reportedly offer custody and lending services to the Beijing-based giant, receiving a liquid pool in return. Another of the four unnamed sources told…

Most Blockchain Platforms Will Need Replacing in a Couple Years: Report

By CCN: Most enterprise blockchains have been mistargeted. They will need replacing in a couple of years. Gartner did a study that found up to 90% of the blockchains in use today will need to be replaced in just a couple short years. “By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, according to Gartner, Inc.” Gartner says the blockchain market is fragmented. | Source: Twitter Impact to Business: $200 Billion The report isn’t all doom and…