*By Alex Heath*
Facebook said Friday that it won’t partner with the crypto firm Stellar, despite a report that the two companies recently held talks.
“We are not engaged in any discussions with Stellar, and we are not considering building on their technology,” a Facebook spokesperson told Cheddar.
Business Insider [reported](https://www.businessinsider.com/facebook-is-talking-to-cryptocurrency-stellar-about-making-a-big-move-into-crypto-2018-7) Friday that Facebook had discussed creating its own variant of the Stellar blockchain network. Stellar didn’t respond to Cheddar’s request for comment on the report.
Stellar’s cryptocurrency asset, called Lumens, is the sixth most valuable at around $4.3 billion. After the Business Insider report, the price of Lumens spiked by roughly 10 percent on Binance, the world’s largest crypto exchange.
On Friday, before the Business Insider report, Facebook vice president David Marcus [stepped down from the board](https://www.coindesk.com/facebooks-david-marcus-steps-down-from-coinbases-board/) of the crypto exchange Coinbase citing a conflict of interest.
Earlier this year, Marcus was put in charge of forming a group of Facebook employees dedicated to developing blockchain technology, and [Cheddar reported](https://cheddar.com/videos/facebook-plans-to-create-its-own-cryptocurrency) that the group was exploring the creation of a Facebook cryptocurrency.
“Because of the new group I’m setting up at Facebook around blockchain, I’ve decided it was appropriate for me to resign from the Coinbase board,” Marcus said in a statement to Cheddar. “I’ve been thoroughly impressed by the talent and execution the team has demonstrated during my tenure, and I wish the team all the success it deserves going forward."
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
Mariah Carey is facing a second lawsuit claiming copyright infringement over her song, "All I Want For Christmas is You."
Apple posted better-than-expected results for the third quarter but continued to report soft revenue. Cheddar News breaks it all down.
Thousands of hospitality workers across 18 casinos in Las Vegas have announced they are set to strike if a new contract agreement is not reached by Friday, November 10.
Mariah Carey, the 'Queen of Christmas,' is teaming up with Victoria's Secret for a new holiday collection.
Stocks jumped Friday after a jobs report showed a higher slowdown in hiring, giving hope to an end in rate hikes.
A new study found greater productivity in companies with a higher gender balance.
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.
