Facebook Bans All Bitcoin & ICO Ads stirring Rumors of another Cryptocurrency coming to Facebook

Facebook’s ban on cryptocurrency adverts has added fuel to rumurs that the social network may take a foray into the world of digital coins.  Facebook said its new policy, which prohibits adverts that relate to cryptocurrencies or initial coin offerings (ICOs) from the 2bn-user social network, is because they are “frequently associated with misleading or deceptive promotional practices”. On the surface it appears…

Japanese App Provider Line Corp to Launch Cryptocurrency Services

The provider of a popular messaging app in Japan, Line Corporation, has announced the launch of a new company that will provide digital currency services. The new company, dubbed Line Financial Corporation, will provide a platform to transact and exchange digital currencies, insurance and loans, a company release states. In a move intended to build its position…

IOTA Cryptocurrency secures Taipei Agreement for Smart City Projects

The IOTA Foundation has signed a partnership agreement with Taipei city on Tuesday [pictured]. The deal will see IOTA and Taipei work together to explore ways how IOTA’s Tangle, a ‘blockless’ protocol which enables machines to securely transact data and money with each other, can be integrated into the smart city project. “We are so excited about teaming…

Samsung CONFIRMS it’s manufacturing ASIC chips for Cryptocurrency mining

It’s incredibly difficult to find a mid-range or high-end graphics card that isn’t selling way above MSRP right now, and that is a direct result of cryptocurrency mining. Maybe (hopefully) that will change once Samsung starts shipping hardware designed specifically for mining. We’re not holding out hope that Samsung will prove a savior for gamers,…

South Korea will NOT ban cryptocurrency exchanges, uncovers $600 million illegal trades

South Korea’s finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China’s tough action in blocking virtual coin platforms.   The comment by Kim Dong-yeon on Wednesday comes as traders at home and around the world have been spooked…