Facebook Acquires Blockchain Startup Chainspace

According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed, and privacy.” According to its website, the company says that it is excited to be “moving onto something new.” Assumedly this is its new venture with Facebook. Facebook Acquires Chainspace? Facebook has confirmed that it…

Kraken Advances U.K. Expansion With the Acquisition of Futures Platform

U.S.-based cryptocurrency exchange platform Kraken has completed the largest transaction in its history after it made its foray into the futures trading world with the acquisition of London-based Crypto Facilities. Jesse Powell, chief executive officer of Kraken, stated, “I’m thrilled to welcome the Crypto Facilities team into the Kraken family. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019.” Kraken reports that it paid “nine figures” for Crypto Facilities, a company that…

Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse

Phil Potter, previously an executive at Bitfinex and Tether, and crypto finance firm XBTO are launching what they describe as a clearinghouse for stablecoins. Still in development, the platform – called Stablehouse.io – is aimed to addresses patchy liquidity, stability and accessibility that currently “prevent the stablecoin market from reaching critical mass,” according to an announcement. Stablehouse will act like a traditional central clearing counterparty, or CCP, allowing the exchange of stablecoins at “a liquid market price and for a fixed minimal fee.” The platform will launch with support for transactions between USDT, GUSD,…

Palestinian Fundamentalist Group Hamas Receives Funding via Bitcoin

In a particularly interesting case study for the consequence of Bitcoin’s global impact, the internationally recognized terrorist group Hamas has announced that it will accept bitcoin to fund itself. The de facto ruling party of the Gaza Strip since the reconciliation agreement with rival group Fatah, Hamas holds a majority of seats in the Palestinian Legislative Council and attempts to act as a government. As Palestine is not internationally recognized as a country, Hamas’ militant arm frequently clashes with Israeli forces. Just recently, spokesmen for the group made an appeal…