Key Facts Of The Day 11.05.2018

Facebook Can Issue Its Own Cryptocurrency

According to the portal Cheddar, cryptocurrency is intended to make user payments and purchases within the platform. The publication notes that Facebook does not plan to conduct an ICO and implementation of the plan may take several years. Previously, David Marcus, the former head of Facebook Messenger, and ex CEO of PayPal, said he was setting up a small internal team dedicated to exploring blockchain.

South Korea Investigates Upbit

South Korean Upbit, the fourth largest cryptocurrency exchange, is under investigation by local prosecutors and ten investigators, Chosun reported today. Allegedly, Upbit executive account has been receiving funds from customer accounts and the market of сryptocurrency on Friday is rapidly becoming cheaper due to these events. So, pressure tests Bitcoin (TIKER: BTC.EXANTE), seeing its value from the beginning of the day decreasing by almost 5%. Meanwhile, Cardano has fallen in price by 18.22%. According to experts, the upcoming weekend does not promise anything pleasant to crypto traders as the cost of digital money will continue to decline.

CryptoFacilities to Launch ETH/USD Futures

The UK trading platform crypto facilities has launched Ethereum Futures, according to the official website. Timo Schlaefer, the CEO of Crypto Facilities, said: “Ether is the second most liquid cryptocurrency after Bitcoin, trading in the billions of dollars daily, and we are excited to be launching ETH futures.”

Bitfury Has Hired a Veteran of the U.S. Department of Justice

Michael DuBose, who led the DoJ's Computer Crime and Intellectual Property section from 2000-2011, will be joining the blockchain services provider as president of Crystal USA. "Crystal makes it much easier to identify and track criminal activities on the blockchain, thereby providing a vital service to law enforcement agencies, financial institutions and other groups across the United States," - DuBose said.

KuCoin Exchange Will Start KYC Checks On Users

According to the exchange representatives, the new measure is to ensure KuCoin remains compliant with the developing regulations in the crypto industry. To complete this procedure, the user must provide portrait photo, documents confirming the address and identity, and indicate the source of income. Data validation should take from five to ten working days.

Bacardi

Lady Monika Bacardi has Invested $100 Million in TaTaTu, a blockchain-powered social entertainment platform. She is quoted by the company as saying that the platform “reinforces [her] bullish stance on the promise of blockchain technology and cryptocurrency.”

Total cryptocurrency market capitalization stands at $383 095 092 449

By Ekaterina Ulyanova