• Facebook seeks to MySpace Bitcoin. What, too soon? (Composite image by Modern Consensus.)
    Libra

    Facebook’s Libra seeks to MySpace Bitcoin

    The social media giant’s new stablecoin will harness its 2.7 billion users to bring the new cryptocurrency mainstream

    Facebook wants to do to Bitcoin—and maybe even the dollar, euro, and yen—what it did to MySpace and Friendster by launching a new cryptocurrency called libra, announced on Tuesday after months of anticipation and speculation.

  • That XRP logo is moving very fast (via Shutterstock).
    Ripple,  XRP

    Ripple and MoneyGram announce deal

    The partnership can cut the cost of remittances from as much as $30 to fractions of a cent

    Ripple has announced a partnership that will bring blockchain technology to MoneyGram, a leading global money transfer firm that operates in more than 200 countries. As part of the deal, Ripple has committed $50 million to MoneyGram, which it can draw on in exchange for equity over the life of the two-year deal.

  • Craig Wright behind glass, not behind bars.
    Bitcoin

    Craig Wright faces jail for contempt of court

    Federal Judge Bruce Reinhart orders Wright to produce evidence he is Satoshi Nakamoto on Monday

    Craig Wright’s assertion that he cannot provide a Florida court with a complete list of his bitcoin holdings is a bunch of hooey, and he’ll go to jail if he doesn’t pony up.