Tech Tic Technologies

It’s safe to say that the cryptocurrency market has seen better days. In just a few days, it lost around $20 billion of its total capitalization and it currently stands at $218 billion – a decrease of more than 8%. All of the top 20 cryptocurrencies are trading in the red with absolutely no exception. Regardless of whether it’s against the USD or against Bitcoin, altcoins are bleeding. TRON (TRX) has lost the most over the past 24 hours as it’s down by 6.63%, followed by Binance Coin (BNB) with 6.52% and Cardano with 6.06%. On the contrary, Tezos is the best-performing altcoin amid the recent declines as it’s down by only 0.02% on the day. XTZ’s performance in November has been nothing short of impressive, as the cryptocurrency is up more than 33% since the beginning of the month. The spike came as Coinbase, the largest US-based cryptocurrency exchange, announced that users will be able to stake XTZ and receive rewards for it. This latest retrace comes as Bitcoin broke below

Facebook has faced a maelstrom of criticism ever since it announced the Libra cryptocurrency. Lawmakers and bankers have been quite vocal in their negative views towards the developing stablecoin. However, it seems that Facebook is not waiting for Libra to launch a global payment platform as they have now introduced Facebook Pay . Cross-Platform Payments Facebook Pay is not a virtual currency. It is a payment system that uses credit cards, debit cards, and PayPal as options. Users can use Facebook Pay to buy items from shops, send money to other users, and donate to charity. The payments system can be used across the stable of apps associated with Facebook: Messenger, Facebook, WhatsApp, and Instagram. The payments will be processed on existing platforms, such as Stripe and PayPal. Facebook Pay will launch this week in the United States on Facebook and Messenger. No timetable has been announced for when the system will launch on the other apps or in other countries. No L

Xfers, a fin-tech company from Singapore, is set to launch a stablecoin called StraitsX by partnering with blockchain platform Zilliqa. The token will be pegged to the Singaporean Dollar, and it would be available in December 2019. StraitsX: A New Stablecoin on Its Way Xfers is a Singapore-based company focusing on online financial services like payment transactions. It provides a transparent and secure infrastructure for all sorts of businesses. By partnering with the popular blockchain platform Zilliqa and launching StraitsX (XSGD), Xfers aims to contribute to a more open financial ecosystem within Southeast Asia. The product is set to launch in December this year, and it will be pegged to the Singaporean dollar. Commenting on the matter was CEO, Tianwei Liu, who said: Additionally, the project should also receive the support of other major companies in the region, including Sparrow, WoWoo Exchange, Binance Singapore, and CoinHako. Xfers is also backed by F