Wednesday, June 19Your Daily Bitcoin & Altcoin News Portal

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Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked

Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked

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Please share if you find this article interesting. Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked You don’t have to have a Facebook account to use Libra. That’s the hands-off approach the social media giant is working toward as it announces its new blockchain and the token of the same name that will run on top of it. While Tuesday’s announcement is still early days, the scope of the project is far-reaching. It includes a new Facebook subsidiary, Calibra, and an independent consortium, Libra Association, backed by some of tech’s biggest names. “Implied in this project is that wherever the Visa or Mastercard logo are accepted, Libra would follow suit,” Dante Disparte, head of policy and communications for the Libra Association, told CoinDesk in an exclusive i
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Facebook’s Libra Cryptocurrency: A Technical Deep Dive

Facebook’s Libra Cryptocurrency: A Technical Deep Dive

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Please share if you find this article interesting. Facebook’s Libra Cryptocurrency: A Technical Deep Dive Facebook announced Tuesday that its highly anticipated cryptocurrency, Libra, will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. Twenty-eight node-running members are currently on board. The Libra blockchain will go live in 2020, with the Libra Association – a Switzerland-based non-profit – tasked with leading the cryptocurrency’s ongoing development. In a white paper released Tuesday, the organization detailed how the Libra blockchain will be Byzantine fault-tolerant, meaning faulty behavior by some of the actors in the network will not compromise the security of the broader network. It states: “[The Libra blockchain makes] it
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3 Reasons Bitcoin’s Price is Rallying Above $9K

3 Reasons Bitcoin’s Price is Rallying Above $9K

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Please share if you find this article interesting. 3 Reasons Bitcoin’s Price is Rallying Above $9K Bitcoin rose above $9,000 over the weekend, taking cumulative year-to-date gains to more than 150 percent. The leading cryptocurrency by market value clocked a 13-month high of $9,391 on Bitstamp on Sunday and was last seen trading at $9,200, representing 22 percent gains on last Monday’s low of $7,524. Cryptocurrency market experts and investors are associating the sharp price gains seen over the last six days with a number of factors, the most prominent being Facebook’s coming foray into cryptocurrencies. Facebook to launch ‘GlobalCoin’ The social media giant is set to unveil its very own stablecoin, reportedly called GlobalCoin on Tuesday, June 17, with a launch to follow in 2020
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Above $9.3K: Bitcoin’s Price Prints 13-Month High

Above $9.3K: Bitcoin’s Price Prints 13-Month High

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Please share if you find this article interesting. Above $9.3K: Bitcoin’s Price Prints 13-Month High The price of bitcoin (BTC) hit a 13-month high above $9,300 on Sunday. The leading cryptocurrency by market capitalization rose to $9,381 at  05:55 UTC – the highest price since May 10, 2018, according to CoinDesk’s Bitcoin Price Index. BTC was last seen trading at $9,250 representing 6.4 percent gains on the day. On a month-to-date basis, the cryptocurrency is up 8 percent. More than $19 billion worth of bitcoin has been traded across cryptocurrency exchanges in the last 24 hours, according to Messari data. Meanwhile, major exchanges included in the calculation of Bitwise’s “real” bitcoin trading volume are currently reporting the 24-hour volume figure at $867,697,751. With the p
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Bitcoin Surpasses 1 Million Daily Active Addresses

Bitcoin Surpasses 1 Million Daily Active Addresses

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Please share if you find this article interesting. Bitcoin Surpasses 1 Million Daily Active Addresses Bitcoin just passed an interesting milestone today, one we haven’t seen since November 27, 2017. According to CoinMetrics.io, there are now over a million daily active addresses, a number that is defined as the number of unique “from” or “to” addresses used per day. Image via CoinMetrics Kevin Rooke noticed the move and Tweeted: When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23. Yesterday 1 BTC was $8,230 and the median tx fee was $1.33. While DAA doesn’t mean much in practice, it’s an important metric in that it shows actual, unique transfers separate from the various direct transfers to and from bigger exchang
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Smart Contract Startup Tapped By Google As Blockchain Partner

Smart Contract Startup Tapped By Google As Blockchain Partner

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Please share if you find this article interesting. Smart Contract Startup Tapped By Google As Blockchain Partner Google has tapped a startup token project, Chainlink, as an official Cloud Partner and the relationship suggests a deep and detailed interest in blockchain technology by the Mountain View giant. The partnership, described in a detail Google Cloud blog post, aims to place BigQuery data on the blockchain using a “Chainlink oracle smart contract.” BigQuery is Google’s data warehousing and business intelligence solution. Founders Sergey Nazarov and Steve Ellis created
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Bitfinex Is Starting to Buy Back and ‘Burn’ Its LEO Exchange Token

Bitfinex Is Starting to Buy Back and ‘Burn’ Its LEO Exchange Token

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Please share if you find this article interesting. Bitfinex Is Starting to Buy Back and ‘Burn’ Its LEO Exchange Token Cryptocurrency exchange Bitfinex has announced a transparency initiative that will see it put on full view the buying back and “burning” of its LEO exchange token. In an announcement Friday, the firm said as part of its token redemption process, the UNUS SED LEO Transparency Initiative will allow the public to see parent firm iFinex use its gross revenues to purchase circulating LEO tokens at market rates. These will then be destroyed, or burned, as the firm effectively pays back those who bought the exchange token in a $1 billion sale early last month. Bitfinex appears to have launched the sale to cover an $850 million shortfall flagged by the New York attorney g
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Bull Trap? Bitcoin’s Price Rise to $8,300 Isn’t Backed by High Volumes

Bull Trap? Bitcoin’s Price Rise to $8,300 Isn’t Backed by High Volumes

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Please share if you find this article interesting. Bull Trap? Bitcoin’s Price Rise to $8,300 Isn’t Backed by High Volumes View Bitcoin has rallied more than 9 percent in the last nine days, but on low volumes – a sign of low investor confidence. As a result, the gains could be short lived. The bearish volume divergence indicates BTC could dive out of a “rising wedge” bearish reversal pattern seen on the 4-hour chart. A wedge breakdown, if confirmed, could see a return to $8,000 or lower. If trading volumes pick up in the next 24 hours, prices may rise above $8,500 over the weekend, validating a bearish channel breakout witnessed earlier this week. A clear divergence between prices and trading volumes on the charts suggests bitcoin’s (BTC) recent $800 rally could be short-lived. P
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The Stolen Binance Bitcoin Is On the Move Again

The Stolen Binance Bitcoin Is On the Move Again

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Please share if you find this article interesting. The Stolen Binance Bitcoin Is On the Move Again Hackers are now accessing wallets containing cryptocurrency stolen from Binance in May. Coinfirm, the company that tracked the original few moves in early May has spotted a massive outflow from the original hoard of wallets created on May 7, 2019. Coinfirm’s CEO, Grant Blaisdell, wrote: The attack was conducted using diversified techniques including viruses and phishing. According to Binance, stolen funds constituted approximately 2% of total BTC holdings of the exchange. In order to prevent user’s funds from being affected and guarantee stable work of the platform, Binance used its SAFU fund to cover the loses. The Secure Asset Fund for Users was established on July 14, 2018 and c
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Bitcoin Price Eyes Chart Pattern That Kicked Off Bull Market in 2015

Bitcoin Price Eyes Chart Pattern That Kicked Off Bull Market in 2015

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Please share if you find this article interesting. Bitcoin Price Eyes Chart Pattern That Kicked Off Bull Market in 2015 View Bitcoin’s 50- and 100-candle moving averages on the three-day chart look set to produce a bullish crossover – a sign of bull market momentum. Back in October 2015, the same cross marked the start of a long-term bull market. This time, BTC has already rallied more than 180 percent ahead of the bull cross. As a result, we may not see a big move to the higher side immediately following the confirmation of the bull cross. Prices could rise to $8,400 in the next 24 hours, having witnessed a bearish channel breakout on Wednesday. A break below key 4-hour chart support at $7,910 would weaken the case for a rise to $8,400. A long-term bitcoin (BTC) price indicator