XRP stolen in Gatehub hack, Facebook GlobalCoin node will cost 10 million USD to run, Benfica starts accepting crypto payments and the Bitcoin rally seems to be losing steam
Today’s market moving and interesting crypto news brought to you by the Crypto2Cash team
XRP stolen in Gatehub hack
Hackers reportedly compromised nearly 100 XRP wallets on cryptocurrency wallet service GateHub. The service revealed in a statement that it was notified by its users that funds on their wallets had been stolen.
GateHub is investigating the matter and has identified an increased amount of API calls by a small number of IP addresses as the possible security breach.
Running a Facebook GlobalCoin node will cost 10 million USD in licensing fees
Facebook will reportedly be announcing its own cryptocurrency later this month. They hired a former Paypal executive as their chief blockchain officer and it’s rumored that Facebook employees would be allowed to take their salary in form of the new token.
Sources also revealed that Facebook is soliciting third-party organisations to act as nodes for managing the cryptocurrency. This would make the Facebook GlobalCoin a digital asset and not a cryptocurrency, as it’s not fully decentralized. Facebook has discussed charging a substantial licensing fee of 10 million USD for the rights to operate a Facebook GlobalCoin node.
Portuguese football club accepts cryptocurrency for club merchandise
S.L. Benfica is allowing fans to purchase its merchandise with cryptocurrency. The decision to accept cryptocurrency payments is based on upgrading the soccer team’s e-commerce strategy and expanding its global fan base.
The team recognizes that their supporters are digital users first and the addition of cryptocurrency also gets rid of common issues with credit card payments, like chargebacks and fraudulent payments.
Bitcoin rally losing steam
The major Bitcoin rally that started in May could be loosing steam. Reports suggest that the latest rally was triggered by FOMO (fear of missing out) instead of actual sustainable growth. Meanwhile, the price of Bitcoin is hovering around 7.950 USD
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