Facebook Explains $1B Libra Cryptocurrency Initiative

Facebook has unveiled the details for Libra, its new global cryptocurrency. The social network is launching the currency, similar to Bitcoin, with partners like Spotify, Paypal, Uber, Visa and Mastercard, among others. However, since Facebook is currently under federal scrutiny for its privacy practices and the subject of a new…

Spotify To Back New Facebook Cryptocurrency [REPORT]

Labels, publishers and artists may soon have the option of receiving streaming royalties in cryptocurrency, as Spotify is reportedly one of the early backers of Facebook’s cryptocurrency initiative. Cryptocurrency could solve many of the issues that a company like Spotify has when paying tens of thousands of rights holders in…

The Bitfury Group Unveils Music Industry Open-Source Blockchain Platform

Will The Bitfury Group’s blockchain ‘solution’ succeed where many other companies have yet to do so? Global Bitcoin mining giant The Bitfury Group has broken into the music industry. Earlier today, the company confirmed the launch of Bitfury Surround, …