Breaking: Facebook Crypto Project Acquires Blockchain Startup Specializing in Smart Contracts

Facebook’s secretive crypto division has reportedly made its first acquisition, quietly onboarding most of the research team from a blockchain startup that specializes in smart contract development. Facebook Acqui-hires Chainspace Researchers Citing unnamed sources, financial news outlet Cheddar reports that Facebook acquired Chainspace, a blockchain firm founded by University College London researchers. The Chainspace website describes its project as “a planetary scale smart contracts platform” that uses a “distributed web of blockchains for scalability, speed and privacy.” A banner at the top of the website reads: “We’re excited to announce that the team is moving on to something new. Chainspace

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TEMCO is the first project to be powered by Bitcoin, through RSK’s smart contracts. “In the end, the benefits of Bitcoin outweigh the potential of any other network. Bitcoin’s network is the largest, most dominant, and secure network”.

TEMCO is the first project to be powered by Bitcoin, through RSK's smart contracts. "In the end, the benefits of Bitcoin outweigh the potential of any other network. Bitcoin’s network is the largest, most dominant, and secure network". submitted by /u/yurikatt
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Bitcoin – The Currency of the Internet

Bakkt Will Begin Trading Bitcoin Daily Futures Contracts Dec. 12

Bakkt Will Begin Trading Bitcoin Daily Futures Contracts Dec. 12

Bakkt has announced the date it will turn on the lights and begin utilizing the ICE exchange family of networks to trade Bitcoin futures contracts. The date is set as December 12, 2018.

Bakkt is considered by many (including its well-heeled investors: Fortress Investment Group, Eagle Seven, Galaxy Digital, Horizons Ventures, Alan Howard, Pantera Capital, Protocol Ventures, and Susquehanna International Group, LLP) as the flagship institutional organization pressing into the digital asset space.

Tier 1 global investment banks are either in current discussions with Bakkt to use their familiar exchange architecture or are watching the launch very, very closely.

A short reminder of what Bakkt is on the cusp of executing:

Bakkt is designed to enable consumers and institutions to seamlessly buy, sell, store and….

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Bitcoin – The Currency of the Internet