June 2019 | Page 6 of 132 | Last Cryptocurrency News Feed

Blockchain Association Takes Over Kik’s ‘Defend Crypto’ Crowdfunding Effort

news Canada-based social media company Kik is relinquishing control of its legal defense crowdfunding campaign to the Blockchain Association in an effort to broaden the initiative’s reach. Kik and the Blockchain Association announced Friday that the D.C.-based lobbyist group would be taking over “Defend Crypto,” the crowdfunding initiative that Kik previously launched to raise funds…

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Binance Talking to Facebook About Libra Listing: Reports

news According to reports in the crypto press Thursday, cryptocurrency exchange Binance is talking to Facebook about getting involved in the social media giant’s upcoming Libra project. Finance Magnates says it spoke to Binance at the FinTech Junction event in Israel on Thursday, with the exchange’s CSO, Gin Chao, saying that early discussions have taken place with Facebook over…

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Steve Forbes Tells Zuckerberg: Use Gold to Back Libra, Call It the ‘Mark’

Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, published on June 25 an open letter to Mark Zuckerberg, advising to back Facebook’s cryptocurrency Libra with gold.In the letter, Forbes strongly encouraged Facebook’s crypto initiative, emphasizing Libra’s potential to become one of the greatest inventions in the world, which eventually “could replace the U.S. dollar as…

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Multiple Exchanges, One Account: Crypto Platform Aggregates Popular Services in One Place

A crypto company is launching an aggregated exchange that enables users to trade across multiple platforms while using a single account.TokenClub says its unified system is designed to tackle four problems currently facing the industry: convenience of trading, quality, costs and risks.The new service means access to platforms such as Bittrex, Binance and OKEx is…

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Bitmain IPO Plans May be Rekindled With Crypto Winter’s End

Toward the end of June 2019, news emerged that the mining giant Bitmain might be reviving its initial public offering (IPO) plans. As Bloomberg reports, the China-based cryptocurrency mining hardware producer is allegedly preparing to file documents with the United States Securities and Exchange Commission (SEC) to hold its share sale on U.S. soil.Bitmain —…

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Goldman Sachs ‘Looking at Potential’ of Creating Virtual Currency, CEO Reveals

Goldman Sachs is performing “extensive research” on tokenization, the group’s chief executive told France’s Les Echos newspaper on June 27.David Solomon said he believes global payment systems are heading in the direction of stablecoins — cryptocurrencies pegged to fiat assets such as the U.S. dollar.Although he stopped short of confirming whether Goldman Sachs has had…

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Trader Who Called Current Bitcoin Rally Warns of Altcoin ‘Dot Com Bubble’

Bitcoin (BTC) will continue to grow but altcoins will not feel the benefits, veteran trader and author Peter Brandt predicted in a new market forecast on June 27.Writing on social media, Brandt, who has become a vocal source on cryptocurrency prices, said that unlike the previous bull market cycle in 2017, bitcoin’s gains would not…

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Bitcoin’s Recent Raging Volatility: The Good and the Bad

Bitcoin markets have been known to be volatile. Historically, the cryptocurrency has experienced major moves in both directions. As such, there’s been a constant debate as to whether or not this volatility is a positive trait or a massive disadvantage. As always, a case can be made in favor of either side. Bitcoin’s Volatility Can…

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Goldman Sachs CEO Hints Bank Might Launch ‘JPM Coin’-Like Crypto

news Goldman Sachs may ultimately take part in the crypto disruption of finance, according to its CEO, David Solomon. In interview with French news source Les Echos on Friday, Solomon said the bank “absolutely’ could follow JPMorgan Chase in launching a cryptocurrency. He further said that Goldman Sachs is carrying out “extensive research’’ on asset tokenization and stablecoins. Solomon…

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Bitcoin Heading for Fifth Month of Gains Despite Price Correction

markets View Bitcoin is still on track to close with gains for the fifth straight month, despite having witnessed a double-digit technical correction in the last 36 hours. The hourly chart shows the pullback has ended and prices could revisit recent highs over the weekend. With a reward halving due in May 2020 and increased…