German financial services giant Wirecard crashed after the company acknowledged €1.9 billion on its balance sheets never existed
Recent investigations led experts to think that the one of the greatest heist in history – the theft of around US$534 million worth of New Economic Movement (NEM) cryptocoins – might be linked to Russian hackers, instead of North Korean ones as previously suspected.
Egypt has loosened its grip on cryptocurrencies. A ban issued in January 2018 by the current Grand Mufti, Shawki Allam, has now been lifted.
On May 2, the Wall Street Journal reported that social media giant Facebook had recruited financial firms and merchants to build its own cryptocurrency. On the same day, Libra Networks was registered in Geneva, Switzerland.
If there’s one only thing that discourage companies and retailers to implement crypto-based payments for their products is the extreme volatile nature of cryptocurrencies.
In 2017, SoftBank’s Vision Fund was established with $100 bn to invest in emerging technologies, such as: AI, robotics and the Internet of Things.