Recap | Running Facebook GlobalCoin node will cost $10 million in licensing fees | Bitcoin mining migrating from China to the United States
|CryptoSlate||Jun 6, 2019|| 3|
GlobalCoin, Facebook’s own cryptocurrency, will reportedly be announced this month. According to a report in The Information, the social media giant is set to provide more details about the coin and could allow its employees to take their salary in the form of the new token.
NEO upgraded its consensus mechanism ahead of the scheduled move to NEO 3.0 in 2020. Often referred to as “Chinese Ethereum,” the company has been making moves in 2019 to increase its global footprint.
There are signs that Bitcoin mining is beginning to gain a foothold in the United States—a win for the decentralization of the cryptocurrency ecosystem.
Gold is known as one of the best long-term wealth storing assets during economic crises because of its reliably rare supply, which makes it maintain its value without much depreciation.
Drew Stone, a developer working on Edgeware, returned 2000 ETH ($500,000) to its rightful owner after the funds were mistakenly sent to the wrong smart contract on the Ethereum Mainnet.
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