ELECTRONEUM Price Prediction Today: Daily (ETN) Value Forecast – June 20

ETN/ market may concentrate its choppy movements around the B0.0000065 median point and the B0.00006 lower for a while. The bulls may find their way back into the market if the bears fail to take advantage of the market in its current consolidation moving mode around B0.0000066 and B0.000062 marks in the short-term run. ETN/ […]
Source: bitcoinexchangeguide
ELECTRONEUM Price Prediction Today: Daily (ETN) Value Forecast – June 20

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Libra Testnet Peeks At The Crypto Future That Facebook Is Building

libra


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has recently announced its blockchain/altcoin project named , going viral on many best cryptocurrency news sites for launching a complete blockchain with new programming language in a matter of months. The official document, the Libra , details all of the documentation that is released with the project, giving a lot of insight into its philosophy and design of the new blockchain.

Named Libra and not “GlobalCoin” as previously dubbed, Facebook is navigating towards a bright cryptocurrency future. The chain sports a new programming language (just like Ethereum did in the altcoin news before) – called Move.

With this, Facebook says that it aims to create a “safe” place for people to develop with digital assets. In the cryptocurrency terms, that is called the Libra testnet. Nonetheless, Facebook is one of the more developer-friendly blockchain projects that you will see – with a vast documentation including gems such as the following:

“Libra is built on a secure, scalable, and reliable blockchain. It is backed by a reserve of assets designed to give it intrinsic value and is governed by the independent Libra Association tasked with evolving the ecosystem.”

With this, developers will be able to write programs in the Move language which can run on the Libra blockchain. As the Libra testnet also notes, anything that you can imagine would be possible – from opening a savings account to opening a merchant account to maybe even some kind of lottery system, the latest cryptocurrency news show.

It is evident that Facebook plans to build an economy outside of the regular government view – and a digital currency which could open many doors around the world. From another perspective, it is definitely not absurd for governments to consider the Libra testnet and accept the coin for certain services.

As the Libra whitepaper shows:

“For too many, parts of the financial system look like telecommunication networks pre-internet. Twenty years ago, the average to send a text message in Europe was 16 cents per message.3 Now everyone with a smartphone can communicate across the world for free with a basic data plan. Back then, telecommunications prices were high but uniform; whereas today, access to financial services is limited or restricted for those who need it most — those impacted by cost, reliability, and the ability to seamlessly send money.”

The big question that everyone has is the following…

Are we on the verge of a new era of peer-to-peer commerce?

The post Libra Testnet Peeks At The Crypto Future That Facebook Is Building appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
Libra Testnet Peeks At The Crypto Future That Facebook Is Building

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LIBRA Launched, Facebook officially announced its cryptocurrency Libra

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Source: Bitcoincash
LIBRA Launched, Facebook officially announced its cryptocurrency Libra

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US Banking Committee Senate Sets Hearing For Facebook’s Crypto Project

us banking committee


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The Senate has officially set a hearing in which it will hear testimony on the mega popular cryptocurrency project which is everywhere in the coming altcoin news. Set for July 16, the hearing will address many questions in regards to the new cryptocurrency.

As the economic news site MarketWatch reported on June 19, the social media giant released the white paper for its Libra token yesterday. This stablecoin will operate on a native eponymous blockchain and will apparently be backed by a basket of reserve assets that are “designed to give it intrinsic value” and mitigate some volatility fluctuations.

Following the official release of the project, he US banking committee and regulators from it expressed their concern about the project’s possible effects towards financial stability. For example, Rep. Maxine Waters, who is a chairwoman of the United States House of Representatives’ Financial Services Committee, demanded that Facebook should halt the project’s development during this in-depth regulatory investigation.

“Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action.”

On July 16, the US Banking Committee will hold a hearing titled “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations.” Jerome Powell, who is the head of the US Federal Reserve, was featured on many best cryptocurrency news sites for his recent announcement in which he :

“[Facebook] has made quite broad rounds around the world with regulators, supervisors and lots of people to discuss their plans and that certainly includes us.”

As government officials in other countries noted, there is a lot of doubts and concerns about the new Facebook project. One of them was the French Minister of Economy and Finance Bruno Le MAire, who noted that the government intends to “ask for guarantees” from Facebook in regards to its Libra cryptocurrency project.

Earlier today, other altcoin news spread showing that the Chairman of the Russian State Duma Committee on Financial Markets, Anatoly Aksakov, said that the country won’t legalize the use of Facebook’s Libra cryptocurrency.

The post US Banking Committee Senate Sets Hearing For Facebook’s Crypto Project appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
US Banking Committee Senate Sets Hearing For Facebook’s Crypto Project

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Australian Bank Fears Facebook’s Libra, Seeing It As ‘A Threat’

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One of the largest banks in Australia is apparently sweating over ’s upcoming altcoin and cryptocurrency release which got an official name – the project. The named National Australia (or NAB) which is a member of the ‘big four’ banks in the country, has been in constant fear due to a potential collapse of the system.

It seems like many other banks are sharing the same feelings, as the latest cryptocurrency news show. They are now shaking at the sight of the Facebook Libra coin. While some are excited about the cryptocurrency and the opportunities that it will bring, others are apparently concerned because of the potential efficacy of the cross-border payments done at the tap of a single button.

As reported in the Sydney Morning Herald, the Australian Bank NAB has made comments regarding the Facebook Libra launch in which they state:

“They’re not the first company to launch a crypto payment solution, but they do have immense reach obviously through their Facebook platform. With a billion plus users on its platform, it is clearly a threat.”

Right now, Facebook’s intentions are clear from the fact that it has not included a single bank in the Libra Association. The inclusion of different payment processors and other tech upstarts – including crypto exchanges – clearly indicates that the company is looking to bypass the banking network in an attempt to knock down the barriers and get direct with the consumers.

Many best cryptocurrency news sites have reported on this Facebook coin. They that it will be very beneficial for users who wouldn’t need a bank account to fund their Uber ride, as they can simply use Libra to do the same thing using a simple payment processor (such as Visa or PayU). Just like that, payments will be made easier and more accessible to users.

This is exactly the reason why the Australian bank NAB is fearing the project. Since Facebook Libra is on track to replace as the global banking industry’s current biggest threat, the reach is massive. According to reports by Statista, Facebook had nearly 2.38 billion users at the end of the first quarter of 2019.

Libra is covered in many altcoin news sections as the hottest upcoming cryptocurrency that is about to launch.

The post Australian Bank Fears Facebook’s Libra, Seeing It As ‘A Threat’ appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
Australian Bank Fears Facebook’s Libra, Seeing It As ‘A Threat’

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US Fed Chair: Facebook's Libra Carries Both Benefits and Risks

Jerome Powell, the head of the United States Federal Reserve, has that he recognizes both potential benefits and risks to ’s recently-unveiled project


Source: cointelegraph
US Fed Chair: Facebook’s Libra Carries Both Benefits and Risks

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Line Said to Receive Crypto Exchange Licence in Japan Soon

could approval as early as this month from Japan’s Financial Services Agency.
Source: financemagnates
Line Said to Receive Crypto Exchange Licence in Japan Soon

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After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit Rrecord

Coinspeaker
After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit Rrecord

Since in March the Chicago Board Options Exchange () announced they were ending its Bitcoin products, the Chicago Mercantile Exchange (CME Group) has seen a huge flood of derivatives volumes.

In May, CME’s bitcoin futures surpassed 33,000 contracts ($1.3 billion notional value) in one day. Also, CME’s open interest for its bitcoin derivatives positions smashed an all-time record high of 5,190 contracts. Bare in mind that June volumes are just starting to pick up and so are contracts in July.

This huge rise came probably as a result of increased institutional investment coming into the market in the last quarter. The truth is there happened huge developments in the crypto space over the last few months: Bitcoin climbed to $9K, stepped into the blockchain space and Fidelity their crypto custodian service.

Analysts find this record quite important because for many years the crypto market had been driven by retailers in an unregulated environment, which lacked the legitimacy and liquidity to tempt in bigger players from the traditional financial space. Even though the arrival of institutional investment is regarded as a huge advantage for the crypto market, it is also more than likely to cause an increase in CME gaps and forced liquidations that have an overriding effect on BTC volatility. At the time of writing Bitcoin was up by 1.08% to $9,255.87.

In addition to the record numbers, CME Group published a new report on June 5 analyzing of the CME CF Bitcoin Reference Rate (BRR). The report explains how the BRR system works and how the bitcoin-based index avoids manipulative practices and gives an accurate representation of price.

The report says:

“There is liquidity in the BRR, in the 1 year to March 2019, over USD 3 billion worth of bitcoin trades were executed, over 1.8 million trades were included in the BRR based on a total of 607,000 bitcoins traded, this shows credibility in the computation of the BRR.”

CBOE, on the other hand, was the very first exchange in America which had listed Bitcoin futures one year and six months ago.

During its launch, CBOE Global Markets’ then-COO (Chief Operating Officer) and President Chris Concannon had stated how they thought derivatives would bring about changes in the conventional finance sector and accelerate the acceptance of digital currencies.

While CME is noticing increased interest and positions, the Cboe Global Markets settled its last bitcoin futures contracts yesterday, 3 p.m. Chicago time.

After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit Rrecord


Source: coinspeaker
After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit Rrecord

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Debt-Plagued Millennial Parents Are Starting To Save For College Earlier

- Parents Are Starting to Save for College Earlier than Past Generations New survey by CollegeBacker.com shows the greater their own college debt burden, the more likely Millennials are to start saving early nastya_gepp / Pixabay (San Francisco, CA) — parents, many of whom are reeling under the burden of their own college […]
Source: bitcoinwarrior
Debt-Plagued Millennial Parents Are Starting To Save For College Earlier

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As Altcoins Consolidate, All Eyes Bitcoin BTC- Investors get Ready, Bitcoin BTC Might Just Experience a… – OBN

As Consolidate, All Eyes - Investors get Ready, BTC Might Just Experience a…  OBNFor the past 24 hours the crypto market has remained in consolidation. Most of the altcoins have consolidated and total market capitalization remains at $225 …
Source: worldnewsoffice
As Altcoins Consolidate, All Eyes Bitcoin BTC- Investors get Ready, Bitcoin BTC Might Just Experience a… – OBN

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