Facebook: We’re Not Building a Cryptocurrency on Stellar

Social media conglomerate Facebook denied reports that its blockchain task force is considering launching a cryptocurrency project through a partnership with Stellar. Citing a Facebook spokesperson, financial news outlet Cheddar reports that the company will not be building on the Stellar protocol, nor has its cryptocurrency division held discussions with the project about forking Stellar The post Facebook: We’re Not Building a Cryptocurrency on Stellar appeared first on CCN

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Facebook Taps Coinbase Board Member to Lead Blockchain Initiative

David Marcus will be leaving his leadership role at Messenger to oversee a new Facebook team focused on blockchain technology, according to Recode. The team, which will reportedly have less than a few dozen employees, will include James Everingham, vice president of engineering at Instagram, and Kevin Weil, Instagram’s vice president of product. Stan Chudnovsky, … Continued The post Facebook Taps Coinbase Board Member to Lead Blockchain Initiative appeared first on CCN

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