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...

In June of this year, Facebook announced its plans to launch a cryptocurrency dubbed Libra. However, the company has since seen a backlash, with regulators and the media grilling the project for a variety of reasons. With this in mind, let’s explore at least five reasons why Libra may not launch – something that is considered entirely possible within the cryptocurrency community. Regulatory Pressure It didn’t take long for Facebook’s future cryptocurrency project to grab regulators’ attention. Unfortunately, much of that attention was rather negative. The French finance minister and a German member of the European Parliament were among the first to react, calling for a discussion on Libra. Moreover, both countries agreed to block the project, stating that “no private entity can claim monetary power, which is inherent to the sovereignty of nations.” Months later, the situation surrounding Libra has gotten worse, and it has brought attention to the cryptoc...

We may think nothing of filling out forms and providing data to ecommerce sites, social media sites, and public forums, but thieves and swindlers are ready to take advantage of our lapses. Online danger comes in all kinds of packages, from romance scams to phishing schemes.   Even huge companies are not immune to security breaches. An example of such is the eBay attack, where cyber attackers stole names, addresses, even passwords from eBay’s entire database of over 145 million users. Although the incident was reported in May 2014, the hackers were active for almost the entire prior year. Another example is the Yahoo Bust, where Yahoo lost the personal information of about 1.5 billion user accounts between 2013 and 2016.   So how do you stay safe online? The only way to make absolutely sure your data is safe online is to stop using the internet. That would be taking it too far, though. For most of us, the benefits of going online far outweigh the risks – we just ha...

The Investor Relations Vice President of PayPal, one of the world’s largest online payment processors, has said that Facebook’s Libra is consistent with PayPal’s ambitions when it comes to banking the unbanked. She also said that there’s a lot of work to be done on the project before it becomes something more than just an idea. PayPal Bullish on Libra Earlier this year, Facebook, the world’s largest social media website, announced its future cryptocurrency project, Libra. While it received mixed reactions from institutions and the crypto community, it remains one of the most widely discussed topics in the field. Weighing in on the matter was the Investor Relations Vice President of PayPal, Gabrielle Rabinovitch. Rabinovitch termed her company’s commitment to the project as non-binding and noted that “there’s a lot of work to happen before we get to that point where it becomes something more than just a very exciting idea.” However, she added that Libra’s goals ar...

In a recent tweet, Changpeng Zhao, the CEO of the world’s leading cryptocurrency exchange, Binance, recently emphasized the potential profits that Binance Coin offers its holders. While a tweet of the kind might appear innocuous, it could also have an impact on the BNB price, given Zhao’s influence on the community, making the entire thing questionable. After all, we’ve witnessed prominent CEOs getting sued for propping up the value of their companies. How long will it be until the crypto industry is similarly scrutinized? CZ Emphasizes the Value of Holding BNB It’s safe to say that Binance Coin (BNB) has seen better days. Over the past few months, the cryptocurrency lost almost half of its value, plummeting from its all-time high of around $40 in June to $21. Interestingly enough, the decline comes amid seemingly massive developments for Binance and its overall ecosystem. Yet, all of that seems to have had no impact on investors. Against this backdrop, Zhao posted...