Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report

Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported on June 14. Per the report, Facebook and dozens of its partners will unveil the Libra Association — which will be based out of Geneva — as the entity that will oversee the company’s Libra cryptocurrency project. During the event, the company is also expected to launch the testnet of its blockchain. The Block claims to have seen an unspecified blog post from Facebook, according…

Crypto Market Rallies $15 Billion: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap gained momentum and broke the key $252.0B resistance area. Bitcoin price surged above the $8,500 and $8,650 resistance levels. Litecoin (LTC) price remains in a strong uptrend and is trading nicely above $134. Bitcoin cash price is grinding higher towards the $420 and $425 resistance levels. EOS price is back above the $6.50 level and it may even break the key $6.75 resistance area. Stellar (XLM) price is about to gain momentum above the $0.1250 level. The crypto market cap gained sharply, with positive moves…

Appetite for Blockchain Tech Builds Among Korean Banks, but Without Crypto

In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up with the change of the times. The banks, however, are not looking into an important part of blockchain, which is digital assets, says one influential Korean advocate of alternative currency. In order to assess the Korean blockchain space, it is important to understand how the trend affects existing…

Bitcoin Price Jumps Above $8,700 following Binance US Closure

Bitcoin is becoming a hedging instrument even against the rest of the cryptocurrency market. The largest cryptocurrency profited as much as 6 percent on Friday to close above $8,700. At the same time, other leading cryptocurrencies, such as Ethereum, Litecoin, and EOS, trended in negative territory. The massive contrast between the bitcoin and the rest of the cryptocurrency market indicated a capital flight. Traders suggestively exchanged a bulk of altcoins for bitcoin as a safety measure against the latest Binance announcement. The Malta-based cryptocurrency exchange, which accounted for the highest global cryptocurrency…

Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist

A Bitcoin halvening is a fixed event and will occur after every 210,000 blocks are mined, or confirmed, by the system. StillMark Capital analyst Alyse Killeen thinks that there will be even greater demand for Bitcoin. The largest cryptocurrency, Bitcoin seems to have something to worry about. This week it was literally swept off by one of its biggest rivals – Litecoin. Mati Greenspan, senior market analyst at brokerage eToro said: “If Litecoin is indeed the leader, let’s look out for a Bitcoin breakout this week.” Even though we cannot…

Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist

A Bitcoin halvening is a fixed event and will occur after every 210,000 blocks are mined, or confirmed, by the system. StillMark Capital analyst Alyse Killeen thinks that there will be even greater demand for Bitcoin. The largest cryptocurrency, Bitcoin seems to have something to worry about. This week it was literally swept off by one of its biggest rivals – Litecoin. Mati Greenspan, senior market analyst at brokerage eToro said: “If Litecoin is indeed the leader, let’s look out for a Bitcoin breakout this week.” Even though we cannot…

Russian Citizens Apparently So Rich They’ll Pay Internet Taxes for Google

Russian Citizens Apparently So Rich They’ll Pay Internet Taxes for Google June 15, 2019 by Jeff Fawkes Russian citizens will pay Google’s taxes — since the government doesn’t care where the money comes from. Notably, it’ll come directly from the population of the country, not from Google head office in the U.S. How can you perform such a “patriotic” tax trick? Let’s find out. Also read: Using Bitcoin Could Lead to 10 Years’ Jail in India: Rumor or Reality? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts…

Russian Citizens Apparently So Rich They’ll Pay Internet Taxes for Google

Russian Citizens Apparently So Rich They’ll Pay Internet Taxes for Google June 15, 2019 by Jeff Fawkes Russian citizens will pay Google’s taxes — since the government doesn’t care where the money comes from. Notably, it’ll come directly from the population of the country, not from Google head office in the U.S. How can you perform such a “patriotic” tax trick? Let’s find out. Also read: Using Bitcoin Could Lead to 10 Years’ Jail in India: Rumor or Reality? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts…

Ethereum to Skyrocket by 70 Percent Against Bitcoin, Predicts Analyst

By CCN Markets: On May 21, a pseudonymous cryptocurrency technical analyst named “Rampage” posted on Twitter that ETH/BTC is about ready to catch up to ETH/USD. In a tweet, the attached an image in which the price action of two markets is overlaid in a single chart. The analyst predicts that Ethereum will move higher against bitcoin and follow the price action of its USD counterpart: Looks like it’s time for $ETH| $BTC to catch up to $ETH| $USD pic.twitter.com/3KDafuWYCG — 𝓡𝓪𝓶𝓹𝓪𝓰𝓮 🦍 (@Thrillmex) May 21, 2019 We’re covering this…

Altcoin Crypto Trading Axed For Americans as Bittrex Follows Binance

News that the world’s largest crypto exchange by trading volume, Binance, has curtailed services to US customers sent shockwaves across the crypto community yesterday. Today it is the turn of Bittrex which has followed suit by announcing that certain markets will no longer be accessible to US clients. Crypto Assets Moving to Bittrex International In an email to its users and an official announcement on its website, Seattle Washington-based Bittrex stated that it would be making major market availability changes for US customers on June 28. What followed was a…