Australian Reserve Bank Official Advises Caution in Anticipation of Libra

Governor of the Reserve Bank of Australia (RBA), Philip Lowe, cautions that Facebook’s announced virtual currency—Libra—may not attain mainstream usage in the near future, according to a report by Bloomberg on June 20 The report quotes Lowe as follows regarding Libra: “There’s a lot of water under the bridge before Facebook’s proposal becomes something we’re using all the time […] There are a lot of regulatory issues that need to be addressed and they’ve got to make sure there’s a solid business case, so we’ve got to be careful before…

BREAKING: Bitcoin Price Tops $10K for First Time Since 2018

Bitcoin’s price soared above $10,000 on cryptocurrency exchanges for the first time in 15 months. At press time, the top cryptocurrency by market capitalization is trading at $$10,080.49 – the highest level since March 8, 2018 – representing month-to-date gains in excess of 13 percent, according to CoinDesk’s Bitcoin Price Index.  On a 24-hour basis, BTC is outshining most top 10 cryptocurrencies with 7 percent gains. The price rise is backed by a 12 percent jump in trading volumes. As per data source CoinMarketCap, $21 billion worth of bitcoins have traded…

Bitcoin Breaks $10,000 for First Time Since March 2018

Bitcoin (BTC) has continued its steady rally in price over the past three months to break $10,000 today for the first time in over a year, according to Coin360. Market visualization courtesy of Coin360 Bitcoin broke the $10,000 mark today after trading in the $3,000-$4,000 range for the first four months of this year. As of press time, Bitcoin is up 6.53% on the day and trading at $10,153. Bitcoin 1-year price chart. Source: Coin360 Bitcoin’s recent price rally has seen commentators like Fundstrat’s Tom Lee predict new record prices…

How Ben Mezrich Writes About the Winklevoss Twins

Molly Jane Zuckerman is the head of news at Cointelegraph. The views expressed here are her own and do not necessarily represent the views of Cointelegraph. This article contains spoilers. The irony of a book about the Winklevoss twins’ journey into cryptocurrency — which stresses over and over again how important it has been to their legacy to eclipse their past dealings with Facebook and Mark Zuckerberg — getting published less than a month before Facebook’s secretive cryptocurrency project was unveiled to the world is almost too obvious a way…

Grayscale’s Ethereum Security Now Listed on OTC Markets

Grayscale’s Ethereum-based security, Grayscale Ethereum Trust (ETHE), is available for trading on OTC Markets, according to an official blog post from Grayscale Investments on June 20.   According to the post, ETHE is “an open-ended trust that holds Ethereum.” As further noted, this is a means of investing in Ethereum without having to actually hold the cryptocurrency. This means that the “first U.S.-based publicly quoted security solely invested in and deriving value from the price of Ethereum is available.”   Grayscale’s Director of Investments and Research Matt Beck commented on…

Ethereum (ETH) Price Surge 13.1% As Cloudflare Launchs A Gateway

Ethereum (ETH) rally, up 13.1 percent Cloudflare launches an Ethereum gateway The promise of Ethereum 2.0 is bliss for ETH holders. As Cloudflare positions itself, prices are rallying. Week to date, ETH is up 13.1 percent and could blast above $300 as buyers take charge. Ethereum Price Analysis Fundamentals The path for a “better” Ethereum is on, and ETH investors stand to reap huge benefits. Trading below $300, Vitalik is brimming with confidence. It all has to do with the recent update of Phase Zero of the Beacon Chain. Comprised…

What to Expect From the Telegram Open Network: A Developer’s Perspective

Recently, new materials surfaced about the lite client for the Telegram Open Network (TON) blockchain, powered by encrypted instant messaging service Telegram. Based on the content of these documents, it is possible to make a lot of assumptions about its future, especially in regard to comparing TON with competitors — such as the Cosmos network, Polkadot and Ethereum 2.0 — as well as the overall impact of the blockchain ecosystem. Polkadot, Cosmos and TON will definitely compete for users and developers. Moreover, in 2019, every blockchain really needs to have…

FATF to Strengthen Control Over Crypto Exchanges to Prevent Money Laundering

Today’s Financial Action Task Force’s (FATF) announcement focused on digital currency’s role in money laundering and heightened regulation, as Secretary Steven Mnuchin noted in his closing remarks. The FATF — an intergovernmental organization that focuses its efforts on fighting money laundering — is planning to strengthen control over cryptocurrency exchanges to preclude digital currencies from being used in money laundering and related crimes. U.S. Secretary of the Treasury Steven Mnuchin said that the new measure will require that crypto assets service providers comply with anti-money laundering (AML) and combating the…

Mike Novogratz’s Galaxy Digital to Launch Crypto Options Contracts Trading: Report

Mike Novogratz’s crypto investment bank Galaxy Digital is expanding its services to offer crypto options contracts trading, industry media outlet The Block reports on June 21. According to the report, Galaxy Digital’s new initiative is made in response to increasing demand from institutional investors in order to hedge the high volatility that is a calling card of crypto assets. Bitcoin (BTC) options are a type of crypto derivative that are a wide-spread method of profiting from a highly volatile market by strategically hedging risks such as reducing portfolio risks, and…

Ripple (XRP) Undervalued, Libra Is A Wake-Up Call For Banks

Ripple (XRP) adds 10.3 percent Brad Garlinghouse bullish on Bitcoin At the backdrop of Facebook and its coin Libra, XRP is steady. While volatility is low and volume shrinking, a break above 50 cents is likely. Such a move will cement bulls of early May and catalyze a race for 80 cents or higher. Ripple Price Analysis Fundamentals Reiterating his previous stance, Brad Garlinghouse is once again reminding the community that he is a supporter of Bitcoin. As the first of its kind, Bitcoin did open the doors for further…