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Facebook Continues Global Expansion of Its Blockchain Team Before Unveiling 'Bitcoin Killer'

  • Alex Morris
    📰 News

    🔥🔫🔍The social media behemoth is tight-lipped about its crypto ambitions, but its Blockchain team continues to expand


Facebook Continues Global Expansion of Its Blockchain Team Before Unveiling 'Bitcoin Killer'
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Facebook, whose market capitalization exceeds $477 bln, is further diving into the innovative Blockchain sector. Globes reports that the social media juggernaut is currently looking for a product manager for a new team that will operate from the company’s research and development (R&D) center that is based in Tel Aviv (Israel).

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Silent expansion

Facebook’s Blockchain team, which is spearheaded by former PayPal president David Marcus, has been active since last May, and it’s constantly growing. The company’s careers site shows 18 Blockchain-related jobs, with the above-mentioned product manager vacancy being the only offering outside of the US.

With that being said, Facebook never explicitly shared any details about its plans in relation to the disruptive technology (apart from improving the lives of people around the globe).


Crypto ambitions  

While Facebook is tight-lipped about its crypto ambitions, there have been numerous reports that spilled all the beans. As reported by U.Today, one of the biggest companies in the world is expected to launch its own cryptocurrency in the first half of 2019 (Bloomberg revealed earlier that it could be a dollar-pegged stablecoin).

There have been countless projects that brand themselves ‘Bitcoin killers’. However, the fact that the coin will be allegedly integrated into Instagram, Messenger and WhatsApp proves that Facebook could be the first serious contender to shatter the throne.
 

Cover image via u.today
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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    📰 News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchange’s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

‘Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,’ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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