Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week
Cointelegraph
Published Apr 14, 2019 05:37PM ET
Updated Apr 14, 2019 06:02PM ET
Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week
NYT Reporter: Facebook (NASDAQ:FB) Seeking $1 Billion in Venture Capital for Crypto Project
According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with the matter, said that Facebook is seeking $1 billion to develop its cryptocurrency project, which itself has not been publicly confirmed by the company. The Times reporter also noted that the project involves a stablecoin that would be pegged to a basket of foreign currencies held in bank accounts.
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