Jack Dorsey, founder and CEO of social media giant Twitter and mobile payments company Square, announced that he is hiring a handful of full-time employees for the latter who will work on open-source contributions to the Bitcoin and cryptocurrency ecosystem. He added that the work done by this team, made up of three or four engineers and one designer, will be independent of Square's business objectives and all resulting work will be open and free.
CoinMarketCap, a popular cryptocurrency ranking website, has added Flipside Crypto's Fundamental Crypto Asset Score (FCAS) to its platform. The metric reportedly provides letter grades for cryptocurrencies based on factors like developer activity and transaction data.
Jeff Garzik, a former developer for Bitcoin Core and the founder of Bloq, was summoned to testify about the alleged theft of more than one million bitcoin. The lawsuit stems from Ira Kleiman, who claims that Craig Wright — a programmer who has identified himself as Satoshi Nakamoto to widespread skepticism — stole the bitcoin from his brother, the late mathematician Dave Kleiman, who has also been purported to be Satoshi. Garzik will be asked to provide information about Silk Road, Mt. Gox, interactions with Roger Ver and other details about the early days of cryptocurrency and bitcoin.
Coinbase has announced it now accepts inbound transfers of XLM, the tokens used on the Stellar network. In the announcement, the exchange also wrote that once a sufficient supply of XLM is established, it will enable XLM/USD, XLM/EUR and XLM/BTC trading. Stellar is designed as an open-source protocol for exchanging one type of currency for another around the world.