Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Hodler’s Digest, June 17–23: Top Stories, Price Movements, Quotes and FUD of the Week

Published 06/23/2019, 02:06 PM
Updated 06/23/2019, 02:21 PM
Hodler’s Digest, June 17–23: Top Stories, Price Movements, Quotes and FUD of the Week

Hodler’s Digest, June 17–23: Top Stories, Price Movements, Quotes and FUD of the Week

Four big reasons bitcoin’s price will probably not stop at $20K this timeBitcoin crossed $11,000 in under 24 hours after breaking the important level of $10,000 on Friday, ETH hit a 10-month high, while crypto markets see solid green by the end of the week. Cointelegraph explores the main factors driving the rally this time, and why they are very different than they were in late 2017. Thus, bitcoin futures show growing signs of institutional interest, Bitcoin’s hash rate hit a new all-time high at over 65,000,000 TH/s, the planned Bitcoin block reward halving set for May 2020 is still 333 days away, while the overall microeconomic picture sees investors dumping ever-depreciating fiat currencies for hard-capped “digital gold.”

Facebook (NASDAQ:FB) releases cryptocurrency white paper for Libra currencyFacebook released the white paper this week for its long-awaited, highly secretive cryptocurrency and blockchain-based infrastructure. The global stablecoin, dubbed “libra,” will operate on the native and scalable Libra blockchain and be backed by a reserve of assets that will give the coin intrinsic value as well as mitigate volatility fluctuations. Facebook’s new crypto will be governed by a Swiss-based not-for-profit consortium called the Libra Association, which already has Mastercard (NYSE:MA), PayPal, Visa (NYSE:V), Stripe, eBay (NASDAQ:EBAY), Coinbase, Andreessen Horowitz and Uber (NYSE:UBER) among its founding members. The association will have around 100 members in total, each with a $10 million investment securing the entity one vote on the Libra council.

Ripple to invest up to $50M in MoneyGram following new partnershipBig Four auditing firm PwC releases cryptocurrency auditing softwareQuadrigaCX co-founder used user deposits for his own trading, created fake accountsSatoshi Nakamoto apparent author of two upcoming books on AmazonFundstrat’s Tom Lee: Bitcoin is easily going to reach new highsU.S. CFTC brings action against $147M bitcoin investment schemeRecent Firefox’s zero-day flaw was used in attacks against Coinbase’s employeesU.S. authorities seek extradition of alleged crypto scammerRound-up of crypto exchange hacks so far in 2019 — how can they be stopped?What to expect from the Telegram Open Network: A developer’s perspectiveHow Tyler Winklevoss converted his biographer into a Bitcoin believerContinue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.