Bitcoin Price (BTC) Watch: Here Is Why Upsides Could Be Capped

Bitcoin price is currently correcting higher and is trading above $9,650 against the US Dollar. The price is struggling to break the $9,800 and $9,880 resistance levels. There is a major bearish trend line forming with resistance near $9,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could only turn bullish after it captures the $9,900 and $10,000 resistance levels. Bitcoin price is facing a lot of barriers near $9,900 and $10,000 against the US Dollar. BTC could trim recent gains if it fails…

WATCH: The Facebook Libra Hearings: Everything You Missed in 5 Minutes

  “It’s not a surprise to me that inevitably corporations are going after creating their own tokens but for Facebook to be one of the first big ones is is pretty much a surprise,” said Lukka CEO Jake Benson told us when news of Libra began to spread. The world shared his surprise when Facebook unveiled its wild cryptocurrency dreams last month. But that surprise quickly turned into concern and condemnation as politicians started thinking about what it meant for a company to run its own mint. Facebook’s reaction to the hearings…

WATCH: Former CFTC Advisor Sees ‘Mistrust’ as Libra’s Fatal Flaw

Jeff Bandman, Lecturer in Global Affairs at Yale University, is a advisor at the U.S. Commodity Futures Trading Commission (CFTC) where he spun up LabCFTC. In this chat with CoinDesk’s Pete Rizzo, he talks about “murder boards” and what it took for Facebook’s David Marcus to face off the Federal Government. “After I had started working at the CFTC all of a sudden on my calendar I’d get these invitations and so I go to our Hill liaison and I’d say ‘Corey what are these death-squads that have just appeared…

WATCH: ‘Mother of Blockchains’ Defends Facebook’s Choice of Controversial Swiss Foundation

Joshua Ashley Klayman Kuzar, founder and CEO, Klayman LLC and Inflection Point Blockchain Advisors, is one of the best known cryptocurrency lawyers. In her chat with CoinDesk Editor Pete Rizzo she talks about how uniquely odd and exciting this moment is for cryptocurrency as a whole. “If you actually look at the companies involved I mean I think that’s a huge differentiator,” she said. “We’ve never seen congressional hearings about a start-up proposing a token sale in the manner that we’re seeing this now. We haven’t been seeing so much…

WATCH: Former ConsenSys Fintech Lead Says Facebook Will Rule Crypto Payments

Before Libra, Juan Llanos still saw some outsiders who could have taken on the payments and remittance markets. Now, after Libra, he’s not so sure. “When Libra was announced mid-June … the first thing that came to mind after reading the White Paper, obviously, is that the payments use case is already theirs,” he said. In this video, Llanos, a FinTech and RegTech Advisor, explores the things that Libra will potentially change. He says that Facebook has essentially sewn up the payments market for years to come and warns startups…

WATCH: Investor Nisa Amoils Expects Libra to Reduce Regulatory Risk

Like so many other crypto thinkers, venture capitalist Nisa Amoils feels Facebook’s Libra is a 100-ton payments elephant in the middle of the crypto space. However, it isn’t changing the way she invests. “It doesn’t really change my thesis,” she said. “It only really changes a thesis if your focus pretty much on investing in payments because Facebook, if it gets approved, becomes a dominant player and then any other startup and that space can’t compete.” Instead, she said, Libra reduces the risk associated with cryptocurrency. After all, if the world’s…

Bitcoin (BTC) Price Watch: Fresh 2019 High On The Cards?

Bitcoin price stayed above the key $9,000 support and traded higher recently against the US Dollar. The price traded above the $9,300 resistance and it recently tested the $9,400 resistance area. There was a break above a major contracting triangle with resistance near $9,130 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb sharply higher once it clears the $9,390 and $9,400 resistance levels. Bitcoin price is trading with a bullish tone above $9,300 against the US Dollar. BTC is likely…

Watch Facebook’s Libra Videos: An Inside Look At the Calibra Wallet

Facebook’s Libra cryptocurrency has captured the imaginations of experienced blockchainers but how can you explain it to people who don’t know much about technology? Thankfully, Facebook posted a few easy-to-follow videos about the Libra ecosystem and even the new Calibra wallet. First up we see a short demo of the Calibra app running on iOS. The app looks very similar to other apps like PayPal and Venmo and Facebook will also embed its services into WhatsApp and Messenger. The most interesting thing? You won’t need a Facebook account to use…

Franck Muller Releases Luxury Watch With Bitcoin Cold Wallet Functionality

High-end Swiss watchmaker Franck Muller has partnered with alternative assets investing firm Regal Assets to release the bitcoin (BTC) storage watch “Encrypto,” according to a report by Cointelegraph Brasil on May 23. In addition to being a high-end fashion accessory, with a price ranging from $9,800 to $50,600, the watch reportedly also functions as a cold wallet for BTC. The watch is reported to be engraved with a public address on its dial and comes paired with a private key on a USB drive. According to the firm, the “deep…

World’s Oldest Watch Manufacturer to Use Blockchain for Tracking Timepieces

Swiss luxury watch and clock manufacturer Vacheron Constantin will start using blockchain technology to track its timepieces, lifestyle magazine Robb Report reported on May 24. Founded in 1755, Vacheron Constantin is recognized as the world’s oldest watch manufacturer. The company plans to issue a paper and digital certificate to each of its vintage watches, and will use blockchain tech to integrate additional information into the certificate, including a complete history of the product and manufacturer. Vacheron Constantin reportedly said that blockchain will help fight counterfeiters and guarantee authenticity of its…