Day: May 9, 2019

Facebook May Announce FB Coin Stablecoin in Q3, Say Anonymous Sources

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Social networking giant Facebook is hiring PayPal staff ahead of its alleged cryptocurrency launch, Bloomberg reported on May 8. Facebook, which has courted rumors over its planned entry into blockchain and payments for around a year, could launch its own token as soon as Q3 2019, anonymous sources told the publication. The company began hiring for a dedicated blockchain team last year, under the auspices of David Marcus, himself a former president of PayPal. Now, around 20% of the team’s 50 members come from the payments platform, a situation reminiscent…

Bitcoin Breaks $6,000, US Stock Index Futures See Lower Open

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Thursday, May 8 —  after a brief market falter yesterday following the $40 million hack of major crypto exchange, crypto markets are showing resilience, with bitcoin (BTC) rallying above the $6,000 mark, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin is outperforming all of the other top ten cryptocurrencies and has seen 3.4% growth on the day to break back above the psychological price point of $6,000 — for the first time in almost six months (Nov. 14, 2018). To press time, the top coin is trading at…

Facebook’s Secret Cryptocurrency Led by PayPal Alumni Targets India Launch

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By CCN.com: Facebook’s much-hyped cryptocurrency project, dubbed Project Libra, may launch in India within a matter of months, according to a Bloomberg report. The secretive blockchain project, led by a team of PayPal alumni, is expected to launch a stablecoin for sending peer-to-peer payments to friends and family as well as integrating with major e-commerce players. Famed investor Mike Novogratz this week called Facebook’s looming service “stunningly important” to the crypto space. If executed correctly, he said, Facebook’s payment service will be a “big, big deal” and lend credibility to…

Facebook’s Secret Cryptocurrency Led by PayPal Alumni Targets India Launch

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By CCN.com: Facebook’s much-hyped cryptocurrency project, dubbed Project Libra, may launch in India within a matter of months, according to a Bloomberg report. The secretive blockchain project, led by a team of PayPal alumni, is expected to launch a stablecoin for sending peer-to-peer payments to friends and family as well as integrating with major e-commerce players. Famed investor Mike Novogratz this week called Facebook’s looming service “stunningly important” to the crypto space. If executed correctly, he said, Facebook’s payment service will be a “big, big deal” and lend credibility to…

Is Bitcoin About to Surge to $6,400 – 2018’s Most Traded Price?

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The day after the world’s most prominent crypto exchange gets hacked Bitcoin breaks the psychologically significant $6,000 barrier. The big question now is will it continue upwards to the most traded price of 2018, $6,400. Unlike in previous situations, Bitcoin and crypto markets ignored the negative news and media FUD following the Binance hack. Over the past 24 hours BTC has surged to a new six month high of $6,080. During Asian trading a few hours ago Bitcoin finally broke above the $6,000 barrier showing no signs of retreat in…

Bitcoin Price Crosses $6000 Levels for the First Time in 2019

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Bitcoin price surges past its crucial resistance of $6000 as the bulls take the charge to push the world’s largest cryptocurrency northward. Today, May 9, the world’s largest cryptocurrency Bitcoin (BTC) price has achieved a new milestone for 2019. Breaking its major resistance, Bitcoin has surged past $6000 levels for the first time in 2019. At the press time, Bitcoin (BTC) is trading at $6100 with a market cap of $107 billion. The last time Bitcoin was trading above this level was on November 15, 2018. But just within a…

3 ways insurtech is disrupting the industry

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By 2025, 75% of the workforce will be composed of millennials. Millennials are digital natives. Essentially, that means they are the native speakers of the digital language, and they value innovative solutions driven by technology. With that in mind, across the globe, industries are scrambling to incorporate technology in their delivery of services and products as a way of appealing to millennials. The insurance industry, in particular, which for years has relied on traditional modes of operation complete with minimal technology is at the forefront trying to adopt emerging technologies.…

PayPal Still Isn’t Sold on Bitcoin Being The Future of Payments

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Photo: Shutterstock Recently PayPal CFO John Rainey said something about PayPal’s crypto plans that revived the whole story about “PayPal Mafia” in general. While Rainey said that he doesn’t think that Bitcoin is mainstream enough to be a big focus for them claiming that PayPal added Bitcoin to the list of their payment options for merchants years ago, another group has organized themselves being more crypto-proactive. What Rainey actually said was that due to the immense level of volatility in the crypto market, retail businesses would instantly convert Bitcoin to…

Bitcoin, Ether, and XRP Weekly Market Update: May 9, 2019

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The total crypto market cap is $13.5 billion up for the seven-day period and now stands at $188.8 billion. The top 10 currency are mostly in green for the same time frame with Bitcoin (BTC) being the biggest gainer with 13.2 percent increase, while Cardano (ADA) lost 6.4 percent of its value. By the time of writing bitcoin (BTC) is trading at $6,035 while ether (ETH) stands at $170. Ripple’s XRP is at $0.298. BTC/USD Bitcoin formed a green candle to $5,322 on May 1 and moved above the important…

Bitcoin Price Skyrockets to New 2019 High as Traders Anticipate $6,400

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By CCN.com: The bitcoin price has increased by more than five percent in the past 24 hours from around $5,800 to $6,098, breaking out of the $6,000 resistance level for the first time in 2019. The bitcoin price has increased by around 5 percent in the past 24 hours (source: coinmarketcap.com) Following the high profile security breach of Binance, investors expected fear, uncertainty, and doubt (FUD) to drive the market down in the near-term. However, the market swiftly recovered from an initial fall to around $5,500, ultimately recording a $600…