Why each Libra member’s mutiny hurts Facebook

There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into their Libra […]

EBay, Stripe and Mastercard drop out of Facebook’s Libra Association

Oof — a week after PayPal announced plans to part ways with Facebook’s Libra cryptocurrency project and the related association of the same name, three more names are reportedly breaking away: eBay, Stripe and Mastercard. (Update: and now Visa!) In a comment to TechCrunch, a Stripe spokesperson leaves the door open for them to potentially […]

Coinbase is launching Coinbase Pro mobile app

Cryptocurrency exchange company Coinbase is launching a mobile app for its advanced users today. You can now download the Coinbase Pro mobile app on iOS — the Android version is coming soon. Coinbase Pro is the company’s exchange that lets you set up advanced order types, such as limit orders. Those are fairly standard features […]

Robinhood revives checking with new debit card & 2% interest

This time it actually has insurance. Zero-fee stock-trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the ability to spend it through a special Mastercard debit card. The waitlist opens today in the U.S. with the first users to be admitted […]

Daily Crunch: Facebook faces government pressure over encryption

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Facebook is being leaned on by US, UK, Australia to ditch its end-to-end encryption expansion plan U.S. Attorney General William Barr, […]

Coinbase users will earn rewards on USDC holdings

Cryptocurrency exchange Coinbase wants to foster USDC adoption by letting you earn rewards when you keep USDC on your Coinbase account. Essentially, if you’re a U.S. customer, your Coinbase account has become an uninsured savings account with a 1.25% APY rewards rate. If you’re not familiar with USDC, it’s a stablecoin backed by CENTRE, a […]

Meet SoundCloud rival Audius, free & anti-takedowns

“It was SoundCloud’s opportunity to lose and now it’s ours” says Audius CEO Roneil Rumberg. Plenty of musicians and fans are sick of SoundCloud’s expensive hosting costs, haphazard content takedowns, and lagging user experience as the site’s status withers. Audius wants to be the opposite, and offer a new home for artists where they’ll eventually […]

Elliptic banks $23M to shrink crypto risk, eyeing growth in Asia

Crypto means risk. To UK company Elliptic it also means business. The startup has just closed a $23M Series B to step up growth for a crypto risk-management play that involves selling tech and services to help others navigate the choppy darks of cryptocurrencies. The round was led by financial services and asset management firm […]

Facebook is working with HackerOne on a bug bounty program for its Libra cryptocurrency

Facebook and its partners are moving ahead with their Libra cryptocurrency project and announced they are working with HackerOne on a bug bounty program for applications built on its blockchain. The move comes even as government regulators have called for the company to suspend the project while they assess its legality and the potential threat […]

Binance launches Venus, which it calls an “independent, regional version” of Facebook’s Libra

Binance, the world’s largest cryptocurrency exchange, announced today that it will launch an open blockchain project called Venus to develop regional stablecoins pegged to fiat currencies (or traditional currencies usually issued and backed by a government). Based in Malta, Binance launched its decentralized trading service, Binance Chain, earlier this year, and since then has issued […]