Facebook’s Blockchain Division Has a New Director of Engineering

Social media giant Facebook has recently promoted senior engineer Evan Cheng to director of engineering for its recently-launched blockchain division. Earlier in May, Facebook put together a team led by David Marcus, Coinbase board member and former president at PayPal, to explore blockchain technology and its potential use cases for the platform. The team consisted of less than a few dozen people and included senior executives from Instagram. The team was said to directly report to Mike Schroepfer, CTO of Facebook. In an executive reshuffle, Facebook appointed Evan Cheng as…

Crypto Second Half of 2018

Crypto Second Half of 2018: Investors were not pleased with the first half of 2018. While some focused on the S&P 500 (it’s up 1% YTD, instead of the usual 3.5%), others focused on cryptocurrencies. In particular, investors watched Bitcoin, which notched up a 16- fold increase in 2017, only to drop by 55% between the start of 2018 and June 27th.  Now, as of July 1, we are in the second half of 2018. Which means if things are going to change, now is the time to get going. But…

Crypto Markets Hold Weekly Gains Amidst Little Action

Saturday, July 7: there is little action on the crypto markets today, with most coins either up or down by small percentages over the last 24 hours, according to Coinmarketcap. The total market capitalization is up by a little under $1 billion since the same time yesterday. Market visualization from Coin360 Bitcoin (BTC) is hovering around $6,635 as of press time. While it is experiencing almost no movement either up or down, it has still managed to keep this week’s gains, as it is up around 4 percent since last…

Crypto Trading Platform Releases an Arbitrage Trading Soft for Beginners

Having launched in November 2017, Arbitao, a London-based startup, has introduced its platform for arbitrage trading — the term comes from professional trading and refers to buying and selling the same asset and making profits on differing prices. The platform is already available for experienced users, as well as for novice traders with smaller budgets. Wide coverage The company representatives say that the platform has been tried and tested by initial investors since late 2017. “A lot of initial coin offering (ICO) projects don’t have a working product and probably…

Facebook Director of Engineering Moves to Same Position at Company’s Blockchain Team

Evan Cheng, Facebook’s Director of Engineering of three years, has now moved to the same position at the company’s recently established blockchain team, TechCrunch reported Friday, July 6. The software engineer has updated his LinkedIn profile to reflect the newly acquired position, and the change has also been confirmed to TechCrunch by Facebook. Prior to this, Cheng was heading Programming Languages and Runtimes at Facebook for about three years. Before joining the social media company, Cheng was working on back end engineering for the tech giant Apple for almost ten…

‘I Hope They Burn in Hell’

Co-founder of Ethereum (ETH) Vitalik Buterin criticized centralized exchanges, saying that he hopes they will “burn in hell,” in an interview with a TechCrunch journalist Jon Evans, July 6. Buterin has reiterated his positive stance on decentralization, claiming that by developing “better” decentralized platforms, the  crypto community should be able to take away the “stupid King making power” from centralized crypto exchanges. “I definitely personally hope centralized exchanges burn in hell as much as possible.” The creator of Ethereum criticized centralized platforms for having the ability to decide which cryptocurrencies…

Trends of the Rollercoaster ICO Market in 18 Months

Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by ICObazaar. Stats on where ICOs are mostly coming from, and what they are mostly about, paint an interesting insight into the ecosystem. As does the data on how the ICO market has changed into 2018. The biggest month for ICO investment was just four months ago, and 2018 has also seen the time taken to complete and…

FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution

The FedEx Institute of Technology has announced its partnership with pharmacy services company Good Shepherd Pharmacy to develop new blockchain-based infrastructure to help cancer patients get medications, news outlet Commercial Appeal reported July 6. The FedEx Institute of Technology is an organization that serves as a promoter of interdisciplinary research in emerging technologies that operates in tandem with the research infrastructure of the University of Memphis. The institutions launched the Institute in February of this year in order to make University of Memphis a center of technology and research. Memphis-based…

Winklevoss’ Gemini Exchange Recruits NYSE Chief Information Officer

Cryptocurrency exchange Gemini Trust Company, LLC (Gemini) has announced that former Chief Information Officer of the New York Stock Exchange (NYSE) Robert Cornish has joined the company, according to a press release published July 6. Cornish will join Gemini, which was founded by the Winklevoss brothers, as its first-ever Chief Technology Officer. Cornish has previously held various senior positions at the International Securities Exchange, and was named by Institutional Investor as a “Trading Technology Top 40” Financial Services executive. At Gemini, Cornish will be responsible for leading technology initiatives and…

EOS, IOTA, Litecoin, Stellar Lumens, Tron Technical Analysis

Most coins under our focus have been on a slide for the better part of the year. It seems like it may continue at IOTA especially if sellers continue to push prices below $1 and 90 cents in the days to come. Like $110 and $90 is important for Litecoin, 90 cents which is a key support line for our analysis is important for IOTA. EOS Daily Chart by Trading View The success of any blockchain depends on protocol developments and that’s perhaps the reason why EOS occupies top spot…