Putting an end to all speculations doing the rounds for sometime now, Facebook said it plans to launch its cryptocurrency Libra in 2020. Towards this, the social media giant formed a subsidiary called Calibra to run the Libra network, powered by blockchain technology. As a first step, Calibra will introduce a digital wallet for Libra, that can be used to buy goods and services online and send mo
Bitcoin price hit a new 2019 high, and moved above the $9,000 mark for the first time in more than a year.
Bitcoin, which was on a strong recovery path from its 2018 lows, nearly reached the important benchmark on May 27, but then dwindled.
It lost heavily since then, hitting as low as $7500, shedding around $1400.
Bitcoin reversed the trend, and has been on a steady rise all along the past we
It has been a progressive week for Bitcoin, which climbed back to the crucial $8000 mark to reach $8,417 on Friday.
The most popular cryptocurrency is faring far better than recent lows near $7,500 on June 9, and scaled back by nearly $900, or 9 percent over the week.
In the second half of the week Bitcoin was moving in a bullish pattern.
Despite a recovery in price, lower trade volumes - a sig
Facebook has tapped investments from major companies Visa, Mastercard, PayPal and Uber, among others, to support its efforts to build its planned new cryptocurrency, the Wall Street Journal reported. The social media giant is now in deal with more than a dozen companies for its blockchain project for the digital currency, Libra. These companies will invest around $10 million each in the consortium
306 new Bitcoin ATM machines (BATM) were installed across the world last month, according to Coin ATM Radar.
With 98 machines closing in the same period, a total of 4898 BATMs are currently operational.
The number of new machines continued to grow at a relatively stable rate, following the rise of the Bitcoin price, the monitor said in its monthly report.
In May, General Bytes and Genesis Coin
The annual carbon emission generated by Bitcoin is comparable to the levels generated by countries such as Jordan and Sri Lanka, which is comparable to the level of Kansas City, according to a study published in the Joule journal. The study was aimed at gauging the external costs related to Bitcoin and to provide information on the costs and benefits of cryptocurrencies.
The University of British Columbia (UBC) announced that it is launching Canada's first blockchain course for graduate students in January next year. The blockchain and distributed ledger technology training path for graduate students aims to build capacity for existing master's and PhD students in this area and help scale Canada's blockchain industry, UBC said in a statement. The first in Canada
Cryptocurrency news website CCN.com announced that it is ceasing operations after Google's recent search rankings update caused a deep cut in its mobile traffic.
In a note published on the website, its founder Jonas Borchgrevink said that after Google's June 2019 Core Update was released on June 3, CCN's traffic from Google searches dropped more than 71 percent on smart phones overnight, and dail
Coinbase Earn, educational portal of crypto exchange Coinbase, added MakerDao's Ethereum-backed DAI stablecoin to its platform for its earn program. The move comes close on the heels of the platform adding EOS support on June 1. DAI is the first stablecoin to be added to Coinbase Earn platform. It already supports EOS, Stellar Lumens (XLM), Zcash (ZEC), Basic Attention Token (BAT) and Ox (ZRX).
A meeting of G20 Finance Ministers and Central Bank Governors has passed a resolution to apply recently amended FATF (Financial Action Task Force on Money Laundering) guidelines to cryptocurrencies.
"We reaffirm our commitment to applying the recently amended FATF standards to virtual assets and related providers for AML and CFT," says the resolution, passed in the Japanese city of Fukuoka.
The
U.S.-based cryptocurrency exchange Bittrex announced that 32 cryptocurrencies will no longer be accessible to customers in the U.S., effective on June 21. The unavailable cryptos include STORJ, QTUM, PTOY, SWT, BOXX, BLOCK, ADT, AMP etc. The exchange said these crypto's will transition to Bittrex International on June 21, 2019.