Day: June 19, 2019

Facebook Launching Its Cryptocurrency Libra In 2020

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Putting an end to all speculations doing the rounds for sometime now, Facebook said it plans to launch its cryptocurrency Libra in 2020. Towards this, the social media giant formed a subsidiary called Calibra to run the Libra network, powered by blockchain technology. As a first step, Calibra will introduce a digital wallet for Libra, that can be used to buy goods and services online and send money. Facebook has partnered with 28 companies, including financial services giant Mastercard and PayPal Holdings, tech giants Uber Technologies and Spotify Technology, and blockchain…

Blockchain Experts Slam Facebook’s Crypto Libra

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Published: 19/06/2019 08:33 EST. Journalist: By CCN Markets: A lot has already been said about Facebook’s Libra cryptocurrency and its ambition to disrupt the finance world. But what about the blockchain technology that powers it? Blockchain experts have poured over the technical documents and played with the Libra protocol testnet. Suffice to say, they’re not convinced about Libra’s claims. Facebook launched the Libra protocol blockchain testnet on Tuesday, but experts aren’t convinced. Source: Libra “A disaster in slow motion” Bitcoin developer Tamas Blummer offered the most damning assessment of the…

Big Four Auditing Firm PwC Releases Cryptocurrency Auditing Software

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Big Four auditing firm PwC announced the release of a cryptocurrency auditing software solution in a press release published on June 19. Per the release, the tool newly added to PwC’s Halo auditing suite can be used to “provide assurance services for entities engaging in cryptocurrency transactions.” The firm claims that, with the new addition, the Halo suite permits PwC to provide independent evidence of private-public key pairing (to establish crypto asset ownership), and gather information about transactions and balances from blockchains. PwC further notes that it is already employing…

Bitcoin to Surge Past $20,000? Facebook’s Libra Could Send BTC Flying

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By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as “Crypto Twitter”, yesterday was a “turning point” for the entire industry. If you’ve been living under a rock, here’s a recap. Related Reading: Bitcoin (BTC) Price Uptrend Intact: Bulls Sighting Fresh Increase During the wee hours of Tuesday morning, Facebook, making good on months of rumors and speculation, unveiled Libra, the world’s first Silicon Valley-backed cryptocurrency. True to leaks published over recent months, the project was revealed…

Bitcoin to Surge Past $20,000? Facebook’s Libra Could Send BTC Flying

boss

By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as “Crypto Twitter”, yesterday was a “turning point” for the entire industry. If you’ve been living under a rock, here’s a recap. Related Reading: Bitcoin (BTC) Price Uptrend Intact: Bulls Sighting Fresh Increase During the wee hours of Tuesday morning, Facebook, making good on months of rumors and speculation, unveiled Libra, the world’s first Silicon Valley-backed cryptocurrency. True to leaks published over recent months, the project was revealed…

Litecoin Price Gains Despite Facebook’s Libra Stealing Altcoins’ Thunder

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Published: 19/06/2019 07:37 EST. Journalist: By CCN Markets: Litecoin (LTC) entered a positive territory on Wednesday while other top cryptocurrencies trended flat as investors became cautious following the introduction of the Facebook token, Libra. The LTC-to-dollar exchange rate established an intraday high of $139.66, up more than 3 percent since the Asian session open. The upside action neutralized the pair’s losses in the past seven days. At the same time, it brought Litecoin’s month-to-date gains to 26 percent, with a market value of approx $3.94 billion. Litecoin Price Surging Higher…

Litecoin Price Gains Despite Facebook’s Libra Stealing Altcoins’ Thunder

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Published: 19/06/2019 07:37 EST. Journalist: By CCN Markets: Litecoin (LTC) entered a positive territory on Wednesday while other top cryptocurrencies trended flat as investors became cautious following the introduction of the Facebook token, Libra. The LTC-to-dollar exchange rate established an intraday high of $139.66, up more than 3 percent since the Asian session open. The upside action neutralized the pair’s losses in the past seven days. At the same time, it brought Litecoin’s month-to-date gains to 26 percent, with a market value of approx $3.94 billion. Litecoin Price Surging Higher…

Libra Coin May Push Winklevoss Twins and Facebook to Bridge Their Divide

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Photo: TechCrunch / Flickr Now that Facebook has released its Libra white-paper, Winklevoss twins have become more cautious with their cryptocurrency business. They want to be “frenemies” with Mark Zuckerberg, which means friendly enemies, as reported by CBS’ “Sunday Morning”. “There’s so much pie to grow, I mean, at this point, we need to be frenemies,” they said on CBS. The both parties have a very complicated past behind them. Earlier the Winklevoss twins accused Mark Zuckerberg of stealing their idea of a social network back when they went to…

Bitcoin’s Price Snaps Longest Daily Win Streak Since 2018

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View Bitcoin fell 2.87 percent on Tuesday, ending the longest stretch of daily gains since July 2018. The long-term outlook, however, remains bullish with the 3-day chart calling a move to $10,000. On the way higher, BTC may face resistance at the key Fibonacci retracement level of $9,642. The hourly and 4-hour charts are reporting bearish indicator divergences. As a result, a correction to key support at $8,600 could be seen before a potential rally to $10,000. Bitcoin’s (BTC) price closed on a negative note on Tuesday, snapping the longest…

Bitcoin’s Price Snaps Longest Daily Win Streak Since 2018

boss

View Bitcoin fell 2.87 percent on Tuesday, ending the longest stretch of daily gains since July 2018. The long-term outlook, however, remains bullish with the 3-day chart calling a move to $10,000. On the way higher, BTC may face resistance at the key Fibonacci retracement level of $9,642. The hourly and 4-hour charts are reporting bearish indicator divergences. As a result, a correction to key support at $8,600 could be seen before a potential rally to $10,000. Bitcoin’s (BTC) price closed on a negative note on Tuesday, snapping the longest…