Facebook’s Libra Is Here. But It Might Not Be What You Think.

Libra — sometimes referred to as “Facecoin” or “Zuckcoin” — is self-billed as “a simple global currency and financial infrastructure that empowers billions of people.” The introduction waxes cypher-poetic about the liberating nature of the internet and the potential for an online currency to unfetter financially disenfranchised populations around the world from the shackles of the inefficient and parasitic banking system. “The world truly needs a reliable digital currency and infrastructure that together can deliver on the promise of ‘the internet of money.’”   — Facebook Libra white paper If…

Fundstrat: Bitcoin (BTC) Will Easily Surpass $20,000 Eventually

Fundstrat’s Lee Extremely Bullish on Bitcoin As news of Facebook’s Libra broke, every mainstream outlet began to cover it and Bitcoin (BTC) in general. So, it comes as no surprise that this morning, CNBC “Futures Now” called on Tom Lee, the head of research at Fundstrat Global Advisors, to talk cryptocurrency in his latest appearance of dozens on the segment. After discussing how Facebook’s latest venture is complementary to Bitcoin, in that BTC will continue to act as a reserve cryptocurrency, he was asked to give a price target. Staying…

IBM Announces New Multicloud Update to Blockchain

IBM has announced upgrades to its Blockchain Platform, according to a report by Ledger Insights on June 18. The new IBM Blockchain Platform will reportedly be able to run on multiple cloud networks, such as major tech corporation Microsoft’s Azure or Amazon Web Services (AWS). This is apparently the main upgrade over its previous iteration, which was available solely through IBM’s cloud. The multicloud platform will be available via Kubernetes, a container program that will reportedly allow users to scale their blockchain networks as needed. One of the main upshots…

Tom Lee Says This Investment Trust Could Soar Alongside Bitcoin

Published: 18/06/2019 13:30 EST. Journalist: By CCN Markets: With all of the crypto attention currently centered on Facebook’s Libra cryptocurrency, bitcoin could be gearing up for its best run to date. Fundstrat Co-Founder Thomas Lee believes that it is headed much higher in the near future, predicting that a fear-of-missing-out, or FOMO, will catapult the bitcoin price to $40,000 sooner than later. According to a Bloomberg report, Fundstrat’s latest report suggests that a higher bitcoin price is being supported by “market transparency and integrity.” In turn, a rising BTC price…

Asian Markets’ Appetite for Crypto on the Rise, Pushing Bitcoin Premium Surge

This article was originally published by 8btc and written by Lylian Tang. Bitcoin has surged above $9,000 to set a fresh year-to-date high since Sunday and the uptick in momentum is still going on these days. Amid the bullish trend in the bitcoin market, bitcoin’s popularity seems to be on the rise, particularly in Asian markets. According to crypto analyst Mati Greenspan, bitcoin is currently trading at a premium of about $160 in Hong Kong. Greenspan said that one bitcoin is going for 73,120 HKD ($9,337) on the local crypto…

Binance to Launch Bitcoin-Pegged Token on Its Own Blockchain

Binance will issue a number of tokens pegged to leading cryptocurrencies on Binance Chain to boost the number of trading options on its platform. The tokens are also likely to be extended to Binance DEX, the firm’s recently launched decentralized exchange, as they create the potential to in effect move cryptos from different blockchains onto its network. The company said in a blog post that it expects to release the first such token – one pegged to bitcoin and to be listed as BTCB – in the coming days. A trading…

70% of Crypto Exchanges Have Complied With CoinMarketCap’s Transparency Initiative

Crypto data provider CoinMarketCap says most listed exchanges have complied with its transparency-boosting mandatory data requests. The news marks the end of the first phase of the site’s Data Accountability & Transparency Alliance (DATA) initiative, which pushes for stricter disclosures, which include live trading and order book data. More accurate, timely and unbiased information will enable site users to draw more informed conclusions from CoinMarketCap data, the firm said in a statement. “The new and detailed criteria for listings will provide clear and concrete guidelines for everyone looking to be listed on CoinMarketCap,”…

Microsoft, Salesforce Join Hyperledger Enterprise Blockchain Consortium

Two of the world’s largest top-10 enterprise software companies by revenue have joined the Hyperledger blockchain consortium. Microsoft and Salesforce are among the eight new members announced by Hyperledger Tuesday. The recruits also include Norilsk Nickel (Nornickel), a Russian metal company; Gloscad, a Polish tech company developing solutions for the agriculture industry; and Milligan Partners, a U.S.-based consulting firm focused on tech solutions for supply-chain management. As members, these companies will pay dues based on their size to Hyperledger, an umbrella project for various business blockchains run by the Linux…

Bitcoin Trend Overwhelmingly Bullish: Dips In BTC Remain Supported

Bitcoin price traded to yet another 2019 high near $9,470 and corrected lower against the US Dollar. The price is trading nicely above the $9,200, $9,150 and $9,000 support levels. There is a key breakout pattern forming with support near $9,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct towards the $9,150 or $9,000 support before it starts a fresh rally. Bitcoin price is showing a lot of bullish signs above $9,000 against the US Dollar. BTC currently traded towards $9,500 and…