BayPay Members Blogs

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Facebook’s Libra Cryptocurrency: Bad for Privacy, Bad for Competition


Scott A. Shay is co-founder and chairman of Signature Bank of New York and the author of In Good Faith: Questioning Religion and Atheism (Post Hill Press, 2018). Allowing Facebook to...
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Scammers Target Libra Fans With Fake Sites, Zuckbucks

Several exploitative websites launched over the weekend aiming to separate credulous Libra investors from their cash. Though Libra has not seen its public debut, the media buzz around it has piqued...
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Pot Startup Uses the Blockchain to Smoke Out Weed Strains

In what amounts to interesting – and very cannafuturoid – word salad, a Panamanian company called TheraCann has begun to add “DNA tag-based forensic traceability and authenticity with TruTrace’s Industry Blockchain...
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Second US Congressional Hearing Is Scheduled on Facebook’s Libra Crypto

The U.S. House Financial Services Committee will host a hearing on Facebook’s libra cryptocurrency next month, one day after the Senate Banking Committee holds its previously announced hearing. Maxine Waters, chair...
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Two Israeli Brothers Arrested for Phishing Fraud, Bitfinex Hack

The Israeli Police cyber unit arrested two brothers, Eli and Assaf Gigi, for allegedly perpetrating a multi-year phishing scheme and participating in a 2016 hack of Bitfinex. Israeli news outlet Ynet reports...
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Mozilla Closes Holes That Led to Coinbase Hacks

A pair of simple Mozilla vulnerabilities made it easier for hackers to phish Coinbase employees. The exploit, detailed by ZDNet , was a remote code execution attack that could force machines...
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Malta to Register All Rent Contracts on Blockchain

Joseph Muscat, the Prime Minister of Malta, announced on Sunday that every rental contract in Malta would be registered on the blockchain. The announcement came during an interview on Radio One...
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Russia May Allow Crypto Trading in Upcoming Legislation: Official

As Russia’s cryptocurrency bill slowly inches forward, a government official has hinted at what may lie ahead when the legislation is finally passed. According to a report from local news source...
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SWIFT Gives Blockchain Platforms Access to ‘Instant’ GPI Payments Following R3 Trial


Global interbank messaging giant SWIFT has revealed it will allow blockchain firms to make use of its Global Payments Innovation (GPI) platform for near real-time payments. In a report published late last...
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TechCrunch Founder Sells $1.6 Million House on Crypto Real Estate Platform

Propy , a blockchain based real estate platform, announced the sale of a $1.6 million San Francisco property owned by the venture capital fund CrunchFund, co-founded by Michael Arrington. The announcement...
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Facebook Seeking Crypto Wallet Data Engineer, Regulatory Policy Expert


Social media giant Facebook, which recently revealed details of an ambitious plan to roll out a cryptocurrency called Libra, is seeking a data professional to work on the new network’s wallet...
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Bitcoin on Track for Best Second Quarter Price Gain on Record




View Bitcoin’s 165 percent gain so far this quarter is the best second quarter performance on record and the highest quarterly percentage gain since the end of 2017. The stellar gains...
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BIS Wants ‘Level Playing Field’ for Banks Amid Threat from Facebook

The Bank for International Settlements (BIS), often described as the bank for central banks, has issued its annual report for 2019, expressing concerns over the expected disruption as big tech firms...
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This Ethereum Lottery Perfectly Explains How Facebook’s Big Corporate Backers Will Profit from Crypto

To understand how early investors in Facebook’s new Libra blockchain will make money over time, it helps to dig into a new lottery going live on ethereum mainnet Monday. It’s a...
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A Monumental Fight Over Facebook’s Cryptocurrency Is Coming

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in  CoinDesk Weekly ,...
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Bitcoin Tops $11.3K to Hit Fresh 2019 Highs


Bitcoin has set a new price high for 2019, reaching as high as $11,304 today before conceding a short-term period of profit taking. At 21:00 UTC on June 23, the world’s...
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TrendMicro Detects Crypto Mining Malware Affecting Android Devices

A new cryptocurrency-mining botnet has been detected exploiting Android Debug Bridge ports, a system designed to resolve app defects installed on a majority of Android phones and tablets. The botnet malware,...
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Meeting Bitcoiners Online When They Live in the Same City

Meeting Bitcoiners Online When They Live in the Same City - YouTube Watch Queue Queue __count__/__total__ Loading... Transcript The interactive transcript could not be loaded. Loading... Rating is available when the...
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Howey Schmowey – The Real Answer is to Update Securities Regulations

David Weisberger is co-founder and CEO of CoinRoutes and a veteran of building trading desks and financial technology businesses. The opinions expressed in this article are his own, and do not...
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Why Ethereum’s Privacy Matters and What’s Being Built to Support It

Mixers. Computational data layers. Zero-knowledge proofs: these are just a few of the technologies being leveraged to enhance privacy on the ethereum blockchain. Privacy for a public blockchain network is a...
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