Cryptocurrency 

Libra Will Not Hit the Market Without US Approval, Says Zuckerberg

The crypto sphere is known for being a disruptive force, but even this sector got a disruptive jolt of its own when Facebook (NASDAQ:FB) announced it would be launching its own cryptocurrency, Libra, in 2020. However, ever since the company announced the launch of its own stablecoin, it has come under fire from regulators from all over the world. Major Setback? As a matter of fact, even the United States President slammed the project and asked the company to instead apply for a banking license. It has now emerged that…

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Blockchain 

Bakkt’s First Week Trading Volumes Hit Just $5 Million USD

Bakkt, the highly anticipated Bitcoin futures contract, recorded just $5 million USD in total trading during its first week. The long-awaited Bitcoin futures platform from The Intercontinental Exchange (ICE) launched last week to considerably underwhelming fanfare given the hype surrounding the project since it was initially announced last year. According to ICE, which is also the parent company of the New York Stock Exchange, just 623 Bitcoin futures contracts were traded during the first week of Bakkt. Each of Bakkt’s futures contracts represents one Bitcoin, so just over $5 million…

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Blockchain 

Facebook’s Libra Wants to Hit the Market in Early 2020

It has been a hugely eventful year in the crypto sphere, and perhaps one of the most important developments has been the announcement of Facebook’s Libra. However, as soon as it was announced that it was going to be launched next year, plenty of influential regulators expressed their doubts about the cryptocurrency straightaway. Important Progress They are still doing so, and in a new development, it has emerged that Facebook (NASDAQ:FB) is going to go ahead with the launch of Libra next year as planned notwithstanding any misgivings from regulators. Regulators have…

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Blockchain 

Blockchain Technology Revenue Expected to Hit $10 Billion in 2023

Last year the cryptocurrency industry experienced a harsh industry-wide drop in asset prices. However, the prices have since recovered, and the blockchain technology is expected to rack billions of dollars in growth. Blockchain Revenue to Hit $10 Billion in 2023 ABI Research conducted a study, and its findings indicated that there are big things ahead for blockchain technology. The firm has predicted that blockchain revenues will grow in the next six years. Categories that will drive blockchain revenue include industrial blockchain applications, financial services, as well as consulting services. ABI…

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Blockchain 

Crypto Adoption has Yet to Hit the Masses

The cryptocurrency industry may be popular, but that doesn’t mean it has seen mass adoption. Even Vitalik Buterin, the creator of Ethereum, agrees. Speaking to The Toronto Star recently, the 25-year old multimillionaire provided reasons why he thinks crypto adoption has yet to catch on. Crypto Adoption: Why Hasn’t It Happened Yet? Yesterday, The Star posted an article focusing on Buterin’s thoughts on why crypto adoption has yet to happen and what the industry can do to boost the adoption of virtual currencies. One of the main issues Buterin discussed…

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Cryptocurrency 

Facebook Warns Libra Currency May Not Hit the Market

The month of July has been one of turmoil and chaos in the crypto sphere, and one of the big reasons behind such a state of affairs was the announcement of the Libra coin, the cryptocurrency that is to be introduced by Facebook (NASDAQ:FB) next year. As soon as it was announced, it sent alarm bell ringing among regulators all across the world. The head of the United States Federal Reserve, Jerome Powell, expressed his skepticism, while the President of the United States, Donald Trump, did the same in a…

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Blockchain 

Bitcoin Bull Dan Morehead Predicts BTC to Hit $42K By End of 2019

Bitcoin bulls are indeed out there. Most recently, Pantera Capital founder Dan Morehead, in a discussion with Unchained Podcast, said how he believes Bitcoin could hit $42,000 by the end of 2019. He even believes the digital coin has the potential to reach $356,000 within a couple of years. Nothing like some good faith to spur on a Bitcoin rally. Currently, the coin is trading up 3% and selling for $10,023 USD. Bitcoin Bull Predicts In a discussion held on July 23, Morehead predicted BTC will hit $42,000 by the end…

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Blockchain 

Bitcoin (BTC) Takes a Hit

The cryptocurrency space may have been having a great time this year so far as Bitcoin started on one of its strongest bull runs since 2017 and other crypto tokens gained as well. However, it needs to be kept in mind that there are a lot of things that can disrupt the crypto space and perhaps the biggest disruption was Facebook’s recent announcement that it was going to launch its own cryptocurrency. While that was a disruptive development on its own, nothing perhaps readied the crypto sphere for an attack…

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Blockchain 

Bitcoin Price to Hit $7,200 After Demonstrating Bullish Signs?

Yesterday crypto markets dropped following reports that leading cryptocurrency exchange Binance had been hacked. However, the impact of the developments is minimal, and Bitcoin price managed to hold steady at more than $5,800, continuing the upwards trend towards the $6,000 mark. BTC Holds Above $5,800 A popular analyst has projected that if BTC continues with the upward momentum, its price could soon hit $7,000—a definitive sign that the bullish run has already begun. Currently, Bitcoin price is up marginally at $5,980 after the daily low of $5,800 occurred moments before…

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Cryptocurrency 

Crypto Theft Could Hit $1.2 Billion in 2019, Says Cipher Trace

Crypto theft has greatly reduced this year compared to last year as regulators continue to enhance their scrutiny and the enforcement of anti-money laundering controls. Crypto Theft Could Hit $1 billion Mark Despite being $500 million less than last year, crypto theft could still go well beyond a billion dollars by the end of this year. A quarterly report released on May 1 by Cipher Trace indicates that investigatory specialists had found that over $356 million worth of crypto had been stolen in Q1 2019. The amount stolen includes the CoineBene…

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