Coins

US Congress Calls for Facebook to Halt Cryptocurrency Project, Libra

June 19th, 2019

The US Government has spoken on the release of the Whitepaper on Facebook’s cryptocurrency, and it does not sound like good news. Reportedly, a U.S. Senate-House lawmaker has asked for ceasing all developments on Libra until a company executive testifies before the Congress. Maxine Waters, who chairs the House Financial Services Committee has passed the…

Winklevoss Twins Bet Beyond FB Cryptocurrency to FAANG; XRP Challenges GlobalCoin/Libra

June 18th, 2019

The release of Facebook’s cryptocurrency is due today, and the crypto-community is very eagerly waiting for all the details. Globalcoin/Libra will mark a milestone event for the emerging industry. Facebook sees a net profitable move by introducing its cryptocurrency. Winklevoss twins, the arch-rivals of Mark Zuckerberg are currently leading the cryptocurrency industry with their Gemini…

XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resort for Both Firms?

June 18th, 2019

Ripple bought a share issue from MoneyGram worth $30 million at $4.10 per share to acquire 8-10% of the company. MoneyGram would also have an option of infusing another $20 million over the next two years. A strategic partnership will now ensue where Ripple will become the critical service provider for cross-border payment and foreign…

Bitcoin Vs Facebook Coin: Should Bitcoin Hodlers Care About Facebook Coin?

June 17th, 2019

Peter Schiff took to twitter the other day to blast Bitcoin yet again. This is hardly new for the Gold Evangelist, as Schiff has essentially made his entire living promoting the return of the gold standard and investing in the precious metal. This time, however, Schiff pointed to the looming threat of Facebook’s GlobalCoin (also…

Libra/Globalcoin: Facebook Stock Price Target; eBay, Vodafone and Coinbase in List of Validators

June 17th, 2019

Project Libra, the cryptocurrency initiative of Facebook has also led to the formation of an Association to facilitate the decentralization of the cryptocurrency. These are called nodes or validators; the validators are made to pay a hefty fee and promised returns on it. Moreover, it works on distributed consensus, i.e., numerous validators working on a…

Cryptocurrency Exchange Lists 75 Tokens to be Blocked for US Customers

June 15th, 2019

Cryptocurrency market regulations in the US are surely drawing out a clear distinction between the cryptocurrencies it wishes to allow. Binance announced a significant shift of its operations in the US from the original Malta-based exchange to a domestic Binance Exchange in the US. While the move seems trivial at the moment, the reason for the…

Bitcoin Price Analysis: Breaks Barriers Zooming Past $8,700 but Double-Top Pattern Hints Reversal

June 15th, 2019

Bitcoin has once again proved to the investors that the bull rally is here to stay and that it is not going to stop at $8,000. Bitcoin was for more than a week faced with indecision in a narrow range between $7,500 and $8,100. The $600 range saw the bulls lose hope in the uptrend…

Facebook’s Cryptocurrency: A Friendly Bet and Immunization from Privacy Laws

June 15th, 2019

A centralized entity launching a cryptocurrency was a far-reaching dream only a couple of years ago with the crypto-space being usually criticized. Nevertheless, the believers in Bitcoin and the underlying technology had already placed huge bets in the area. Entrepreneurs and Venture Capitalist went out of their way to help in the growth of the…

“I Believe in Bitcoin”, says Edith Yeung As She Talks About Rising Institutional Interest

June 15th, 2019

Bitcoin [BTC] witnessed robust growth during the past day as it broke above $8700 resistance. The total market dominance of Bitcoin also increased by about a percent as altcoins adjusted to the growth in Bitcoin [BTC]. The total market capitalization of Bitcoin has added about $10 billion in the past two days. Institutional Interest with…

Litecoin Defies Fundstrat Analyst’s Green Rating: Retraces below $130

June 14th, 2019

Litecoin was given a strong buy signal by one of the leading analysts associated with Fundstrat’s, Tom Lee research firm. The analyst said that with Litecoin breaking above $125 critical resistance, it had launched itself towards a bull rally that was going to break $150. LTC/USD 1-hour chart Chart source: Tradingview  Meanwhile, a look at…