PayPal is reportedly wary of Libra’s future.

International news agency Agence France-Presse (AFP) has reported that PayPal is being quite cautious regarding the future of Facebook’s proposed cryptocurrency project, Libra. On the company signing on to the Libra Association, Gabrielle Rabinovitch, Investor Relations VP, PayPal, said: “It’s a non-binding commitment, and obviously, I think there’s a lot of work to happen before […] The post PayPal is reportedly wary of Libra’s future appeared first on AMBCrypto. origin »

Bitcoin Inches Lower, but $10,800 Target Remains.

Bitcoin and the aggregated crypto markets have been facing a period of consolidation after posting a decent sized rally earlier this week. Although this rally has stalled in recent times, it is important to note that BTC’s main level of resistance still exists at $10,800. origin »

US sanctions against 3 North Korean cyber groups accused of targeting financial institutions and crypto exchanges.

The US shares a complicated relationship with North Korea and it is getting, even more, complex. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Friday, sanctions against three North Korean hacking groups accused of attacking important institutions, malicious cyber-attacks and stealing millions from cryptocurrency exchanges to financial institutions. origin »

SoftBank Doubles Down on Its WeWork Loss.

Legendary investment firm SoftBank, which was once but a Japanese telecom provider, plans to plow another $750 million into the WeWork IPO, according to a report in The Wall Street Journal. This would be in addition to the $2 billion it invested earlier. origin »

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UK committee condemns loot boxes (‘surprise mechanics’) as gambling.

The UK Parliament’s Digital, Culture, Media and Sport Committee today released their conclusions from their investigation into addictive game mechanics. While the report is a long one not solely focused on games or loot boxes, the committee firmly condemns the use of such mechanics, in spite of attempts by gaming reps to spin them the other way. origin »

MoviePass is effectively dead and will shut down September 14.

If you’re still a Movie Pass subscriber for some reason, it appears tonight is your last chance to use the service. In an “I hope no one notices” late Friday press release, the company announced it “would be interrupting the MoviePass service for all its subscribers effective September 14, 2019,” and it is “unable to predict if or when the MoviePass service will continue. origin »

The $699 iPhone 11 Means Apple Is Caving to Market Pressure.

Earlier this week, Apple unveiled its new line of iPhone 11 smartphones. While most of the spotlight was shown on the camera-heavy iPhone 11 Pro model, the $699 standard version of the phone might just be its most compelling iPhone launch in years — and shows that the American multinational technology company might finally be […] The post The $699 iPhone 11 Means Apple Is Caving to Market Pressure appeared first on CCN.com origin »

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NBA Star to Convert His $34M Contract into a Digital Investment.

An NBA basketball player for the Brooklyn Nets, Spencer Dinwiddie, is converting his multi-million dollars contract into a digital token investment vehicle, according to The Athletic’s sources. Dinwiddie To Securitize NBA Contract The disruptive effects of cryptocurrencies and blockchain technology are permeating all industries and sectors, including the world of sports. origin »

Dow Runs Out of Gas on Tired Trade War Deja Vu.

The Dow Jones eked out a weak gain on Friday, failing to capitalize fully on positive trade war news as China steps up its purchases of US farm goods. Michigan consumer sentiment and retail sales were strong, and yet the Dow dragged sideways as tech giant Apple tumbled after an abysmal forecast from Goldman Sachs. origin »

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