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18.06.2019
21:48 Yahoo.com BusinessAnalyst Says Facebook’s Crypto Can See Bigger Adoption Than Bitcoin

By CCN Markets: On June 18, Facebook and the Libra Association formally announced their plans to release Libra, a crypto asset backed by the Libra Reserve to maintain a stable value. By 2020, Facebook has said it plans to integrate Calibra, a crypto wallet designed to support Libra, into WhatsApp and Messenger, introducing the asset to billions of users worldwide by 2020. According to Michael Levine of Pivotal Research, Libra could see bigger mainstream adoption than bitcoin, especially among merchants due to its stable value. But, are Libra and bitcoin comparable? Bitcoin and Libra Are Not Comparable At CNBC’s Closing

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21:45 CNBC technologyFacebook created a 'gateway drug' to introduce billions to cryptocurrency, experts say

Long-time blockchain technologists say Facebook's Libra digital currency will introduce billions to cryptocurrencies, but the company's problems with trust and privacy remain an obstacle.

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21:36 ValueWalk.comBitcoin Breaks $9,000; Uptrend In Adoption And Institutional Support

A commentary on the recent Bitcoin price movements from leaders in the blockchain space. Sky Guo, CEO and Co-Founder at Cypherium, an enterprise-ready blockchain protocol, said, “The analytics have shown us that a huge number of retail investors who entered […]
The post Bitcoin Breaks $9,000; Uptrend In Adoption And Institutional Support appeared first on ValueWalk.

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21:35 CryptoCoinsNews.com$10,000 Bitcoin Price Imminent in ‘the Days of Bitcoin Bug’: Analyst

By CCN Markets: On CNBC’s Fast Money, Cornerstone Macro’s Carter Worth stated that based on technicals, the trend of bitcoin is seemingly positive and is aiming for 2018 levels. Year-to-date, the bitcoin price has risen by 146 percent against the U.S. dollar from around $4,000 to $9,150 following a strong start to the second quarter of 2019. Why technical indicators show bitcoin is on a positive trend According to Worth, the bottom established by bitcoin in December 2018 at $3,150 has acted as an important support level for the dominant crypto asset. If key support levels continue to hold up
The post $10,000 Bitcoin Price Imminent in ‘the Days of Bitcoin Bug’: Analyst appeared first on CCN Markets

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21:35 CryptoCoinsNews.comAnalyst Says Facebook’s Crypto Can See Bigger Adoption Than Bitcoin

By CCN Markets: On June 18, Facebook and the Libra Association formally announced their plans to release Libra, a crypto asset backed by the Libra Reserve to maintain a stable value. By 2020, Facebook has said it plans to integrate Calibra, a crypto wallet designed to support Libra, into WhatsApp and Messenger, introducing the asset to billions of users worldwide by 2020. According to Michael Levine of Pivotal Research, Libra could see bigger mainstream adoption than bitcoin, especially among merchants due to its stable value. But, are Libra and bitcoin comparable? Bitcoin and Libra Are Not Comparable At CNBC’s Closing
The post Analyst Says Facebook’s Crypto Can See Bigger Adoption Than Bitcoin appeared first on CCN Markets

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21:34 Reuters.com TechnologyFacebook reveals Libra cryptocurrency, sparking new privacy concerns

Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.

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21:32 ReutersFacebook reveals Libra cryptocurrency, sparking new privacy concerns

Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.

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21:26 TheVerge.comFacebook’s cryptocurrency has a trust problem

From the beginning, cryptocurrency was about trust. “The root problem with conventional currency is all the trust that’s required to make it work,” Satoshi Nakamoto wrote in the first public announcement of the bitcoin system. “The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” Most of what we associate with cryptocurrency — the dense technology, the mining gold rush, the alarming price swings — is the direct result of that basic refusal to trust a central financial authority.

Now, that power is in Facebook’s hands. This morning, Facebook announced an ambitious new cryptocurrency called Libra, to be managed by an association of tech and finance companies...
Continue reading…

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21:23 CNBC technologyHere's the tech behind Facebook's Libra cryptocurrency

Facebook and other groups are behind a new programming language for working with the Libra blockchain.

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21:14 Yahoo.com BusinessFacebook Reveals Revolutionary Cryptocurrency

The currency will be called Libra and will be managed by the new Facebook (FB) subsidiary, Calibra. Calibra's digital wallet containing Libra is expected to be launched in Messenger, WhatsApp and as a standalone app in the first half of 2020.

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21:12 Zdnet.comCryptocurrency 101: What every business needs to know

There’s promise and peril in the still-evolving world of cryptocurrencies such as Bitcoin and Ether. Here's everything individuals and businesses need to know about the basics of wallets, exchanges, and the next directions in this expanding ecosystem.

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20:51 Yahoo.com BusinessMoneyGram, Ripple Tie Up to Enhance Cross-Border Payments

MoneyGram's (MGI) partnership with Ripple is likely to enhance its cross-border payments business and boost revenue growth.

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20:51 Yahoo.com BusinessEurope wary as Facebook takes up cryptocurrency challenge

European financial leaders on Tuesday vowed vigilance after Facebook announced it was diving into the cryptocurrency market, as analysts warned the social media giant could face major regulatory questions. French Finance Minister Bruno Le Maire, whose government initiated a new tax on digital giants like Facebook that has angered the United States, said such digital money could never replace sovereign currencies of governments and insisted Facebook's plan required guarantees. Bank of England Governor Mark Carney said Facebook's new currency would have to withstand scrutiny of its operational resilience and not allow itself to be used for money laundering or terror financing.

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20:50 CoinDesk.comCFTC Lawsuit Alleges $147 Million in Bitcoin Defrauded from Trading Scheme Investors

22,858.822 bitcoin were misappropriated under Control-Finance's Ponzi-like scheme.

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20:49 Phys.orgEurope wary as Facebook takes up cryptocurrency challenge

European financial leaders on Tuesday vowed vigilance after Facebook announced it was diving into the cryptocurrency market, as analysts warned the social media giant could face major regulatory questions.

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20:39 CryptoCoinsNews.comTom Lee Says This Investment Trust Could Soar Alongside Bitcoin

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 is expected to fuel gains in the Grayscale Bitcoin Trust (GBTC), which “tracks bitcoin’s market
The post Tom Lee Says This Investment Trust Could Soar Alongside Bitcoin appeared first on CCN Markets

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20:15 CoinDesk.comA New Bitcoin Exchange Point On the Colombian-Venezuelan Border Will Help Refugees

Refugees can use a new POS to purchase goods, food, and services when they leave Venezuela.

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20:14 CNBC technologyWestern Union shares drop on fear new Facebook cryptocurrency will take money transfer business

Shares of Western Union fell on excitement around the potential of sending money internationally without fees with Facebook's new cryptocurrency.

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20:10 Techcrunch.ComDaily Crunch: Facebook unveils Libra cryptocurrency

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Facebook announces Libra cryptocurrency: All you need to know Facebook has finally revealed the details of its cryptocurrency Libra, which will […]

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20:02 CNBC technologyAnalysts love Facebook's cryptocurrency: 'Empower billions,' 'watershed moment'

The major Wall Street analysts say Facebook's Project Libra has a bright future.

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19:52 Yahoo.com BusinessBitcoin Falls Near $9,000 as US Stock Market Sees Gains

Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls Near $9,000 mark again. Bitcoin is currently down about 3% on the day, trading around $9,045 at press time, according to Coin360.

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19:50 FT.com TechnologyFacebook mints Libra crypto currency

Cannes content concerns, dark sky wars, cyber hackers on the march

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19:40 Yahoo.com BusinessBitcoin Evangelist Andreas Antonopoulos Says Facebook’s Libra Isn’t a Real Blockchain

By CCN Markets: Bitcoin educator and promotor Andreas M. Antonopoulos published a new video today in which he pointed out that Facebook’s Libra project doesn’t amount to a “real” blockchain. Is Facebook's Libra a real blockchain? No. Will it compete against #Bitcoin and truly open, public blockchains? Never. #LibreNotLibrahttps://t.co/MQkpPUuedE — Andreas M. Antonopoulos (@aantonop) June 18, 2019 The professional speaker has spoken at length in the past about the oppressive nature of KYC and “blacklisting” bitcoins. Facebook’s Coin Is Just Another Token Fungibility is an issue at the heart of cryptocurrency – if some coins are good, but others are

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19:28 InvestorPlace.comMoneyGram News: MGI Stock Skyrockets on Ripple Deal

InvestorPlace - Stock Market News, Stock Advice & Trading Tips
MoneyGram news about a deal with Ripple that will have them working together on cross-border payments has MGI stock flying high on Tuesday.
The post MoneyGram News: MGI Stock Skyrockets on Ripple Deal appeared first on InvestorPlace.
More From InvestorPlace 4 Top American Penny Pot Stocks (Buy Before June 21) 5 Red-Hot IPO Stocks to Buy for the Long Run 5 Stocks to Buy for $20 or Less 4 Dow Jones Stocks Ready to Rise

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19:28 CryptoCoinsNews.comBitcoin Evangelist Andreas Antonopoulos Says Facebook’s Libra Isn’t a Real Blockchain

By CCN Markets: Bitcoin educator and promotor Andreas M. Antonopoulos published a new video today in which he pointed out that Facebook’s Libra project doesn’t amount to a “real” blockchain. Is Facebook's Libra a real blockchain? No. Will it compete against #Bitcoin and truly open, public blockchains? Never. #LibreNotLibrahttps://t.co/MQkpPUuedE — Andreas M. Antonopoulos (@aantonop) June 18, 2019 The professional speaker has spoken at length in the past about the oppressive nature of KYC and “blacklisting” bitcoins. Facebook’s Coin Is Just Another Token Fungibility is an issue at the heart of cryptocurrency – if some coins are good, but others are
The post Bitcoin Evangelist Andreas Antonopoulos Says Facebook’s Libra Isn’t a Real Blockchain appeared first on CCN Markets

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19:08 ArsTechnica.comFacebook launches cryptocurrency with Visa, MasterCard, Uber, and others

Facebook plans to bring payments to Whatsapp and Messenger in 2020.

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19:04 BitcoinMagazine.comAsian Markets’ Appetite for Crypto on the Rise, Pushing Bitcoin Premium Surge

Amid the bullish trend in the bitcoin market, bitcoin’s popularity seems to be on the rise particularly in Asian markets.
The post Asian Markets’ Appetite for Crypto on the Rise, Pushing Bitcoin Premium Surge appeared first on Bitcoin Magazine.

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18:52 Yahoo.com BusinessFacebook’s Cryptocurrency Project: Who’s In and Who’s Out

(Bloomberg) -- Facebook Inc. made a renewed push into payments on Tuesday, announcing plans for a cryptocurrency called Libra.Read More: Facebook Wants Its Cryptocurrency to One Day Rival the GreenbackIt will be governed by the Libra Association, a group of companies that will have an equal say in how the cryptocurrency is managed. Almost 30 firms have joined and Facebook hopes another 70 or more will enter the fold in the future.Read Facebook’s Project Libra white paper hereWho’s In:Visa Inc. and Mastercard Inc., the world’s largest payments networks, as well as PayPal Holdings Inc. are on board. For Visa and Mastercard, it’s a chance to offer the world of cryptocurrencies the same services they provide in card payments. All three companies know the challenges of building a network and can offer expertise in

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18:52 Washingtonpost.comFacebook’s Libra Wanders Into the Bitcoin Bear Trap

Putting aside all of the cryptocurrency risks, there are already lots of ways to transfer cash digitally. Does Libra offer anything new?

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18:45 Techcrunch.ComHow Facebook’s Libra is similar in concept and motivation to Kik’s Kin cryptocurrency

Facebook unveiled its Libra cryptocurrency initiative today, which is part of an alternative financial system (including new subsidiary and wallet ‘Calibra‘) it aims to build alongside industry and academic partners including MasterCard, PayPal, Visa, Uber, Andreessen Horowitz and Creative Destruction Lab. Facebook’s plans for Libra sound ambitious, risky and novel – but a predecessor exists […]

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18:28 TheNextWeb.comCrypto Twitter responds to the reality of Facebook’s Libra ‘cryptocurrency’

Following months of speculation, Facebook finally confirmed the release of Libra next year. The tech giant also unveiled details about Calibra, its corresponding custodial digital wallet, but failed to provide specifics about its launch plans. Given the buildup to the announcement, it didn’t take long for Twitter to go into meltdown, with many commentators rushing to share their views with the world. Some good, other less so. Libra twitter pic.twitter.com/5M1fgZP2QU — Neeraj K. Agrawal (@NeerajKA) June 18, 2019 Peter Todd, a well-known industry figure and an applied cryptography consultant, didn’t mince his words. I think it’s safe to say Facebook‘s… This story continues at The Next WebOr just read more coverage about: Facebook,Twitter

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18:28 TheVerge.comEuropean regulators are already pressing Facebook about its cryptocurrency

As Facebook unveiled its cryptocurrency project today, European officials quickly called for scrutiny of the plan, raising concerns over whether the project was sufficiently regulated.

According to comments reported by Bloomberg, French Finance Minister Bruno Le Maire said Facebook’s cryptocurrency, called Libra, must not “become a sovereign currency.”
Must not “become a sovereign currency”

“It can’t and it must not happen,” he told Europe 1 radio. Le Maire reportedly called for G7 banking officials to issue a report on Facebook’s plan next month.

A German member of the European Parliament expressed similar concerns, according to Bloomberg, saying Facebook was at risk of becoming a “shadow bank” and that companies “must not be allowed...
Continue reading…

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18:25 Reuters.com TechnologyExplainer: 'Stablecoins' in the spotlight as Facebook unveils Libra cryptocurrency

The original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of alternative digital coins emerging as developers race to build cryptocurrencies able to enter mainstream commerce and finance.

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18:18 TomsHardware.com Facebook Developing Libra Cryptocurrency to Reinvent Money

Facebook announced a new subsidiary focused on financial services, Calibra, and the accompanying Libra cryptocurrency.

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18:15 FoxNews.comMoneyGram shares double on deal with Ripple

MoneyGram shares have more than doubled in premarket trading after it announced a partnership with the cryptocurrency company Ripple.

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18:15 CryptoCoinsNews.comBitcoin Basher Nouriel Roubini Labels Facebook’s Libra a ‘Monopoly Scam’

By CCN Markets: Avowed Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has found another target – Facebook’s upcoming cryptocurrency Libra, on the day of its announcement. According to the New York University economics professor, Libra is ‘blockchain in name only’. Roubini: Libra is just another profit driver for Facebook Further, Roubini argued that Facebook’s cryptocurrency was only designed to grow the social media giant’s profits. Per Roubini, Libra is a ‘monopoly scam’ given that Facebook boasts of billions of users spread across the world. It will start as a private, permissioned, not-trustless, centralized oligopolistic members-only club. So much for calling it
The post Bitcoin Basher Nouriel Roubini Labels Facebook’s Libra a ‘Monopoly Scam’ appeared first on CCN Markets

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17:56 NewScientist.ComLibra: What is Facebook's new cryptocurrency and can we trust it?

Your questions answered on Facebook's cryptocurrency Libra. What will it be used for, can we trust it, and what's the point?

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17:51 CryptoCoinsNews.comBritish Bitcoin Scammer Pleads Guilty for Defrauding US Victims of $50 Million

By CCN Markets: Renwick Haddow, the operator of the fake crypto trading platform Bitcoin Store and the fraudulent shared office space Bar Works, admitted to the charges against him with one of his fellow collaborators found guilty by US court. According to the US Department of Justice (DOJ), the British man and his accomplices caused victims a total of $50 million of damages. Renwick Haddow aka. “Jonathan Black” Before Haddow had started his fraudulent schemes in the US, the UK’s Financial Conduct Authority (FCA) had disqualified the British man from managing a company in the European country in 2008 for
The post British Bitcoin Scammer Pleads Guilty for Defrauding US Victims of $50 Million appeared first on CCN Markets

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17:48 RT.comFacebook announces entry into cryptocurrency market with Libra

Facebook has announced its intention to make cryptocurrency mainstream with the launch of its own digital currency, Libra, which will be overseen by new financial services subsidiary Calibra. Read Full Article at RT.com

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17:40 Benzinga.comMid-Morning Market Update: Markets Open Higher; MoneyGram Shares Jump After Partnering With Ripple

Following the market opening Tuesday, the Dow traded up 1.17% to 26,417.20 while the NASDAQ rose 1.77% to 7,983.65. The S&P also rose, gaining 1.14% to 2,922.62.
Leading and Lagging Sectors
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17:39 CoinDesk.comFacebook’s Cryptocurrency Wants to Take on Banks, Not Bitcoin

George McDonaugh is CEO and co-founder of KR1 plc, a London listed cryptocurrency and blockchain investment company. Facebook is creating its own cryptocurrency – something that even those of us necking the crypto Kool Aid back in the early bitcoin days never in our wildest dreams thought would happen. The details are emerging, but what […]

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17:27 Benzinga.comXRP/USD On Full Throttle Amid Stalling Cryptocurrency Prices

Ripple heads towards $0.50 supported by positive sentiments and strong technical levels. Overwhelming bullish pressure is expected on breaking above the critical $0.482 hurdle. read more

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17:25 Reuters.com TechnologyFacebook takes aim at e-commerce with Libra cryptocurrency

Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments.

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17:22 ReutersExplainer: 'Stablecoins' in the spotlight as Facebook unveils Libra cryptocurrency

The original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of alternative digital coins emerging as developers race to build cryptocurrencies able to enter mainstream commerce and finance.

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17:22 ReutersFacebook takes aim at e-commerce with Libra cryptocurrency

Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments.

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17:15 Yahoo.com BusinessFacebook’s cryptocurrency Libra decried by French finance minister, saying it ‘must not happen’

Facebook’s cryptocurrency Libra was only officially unveiled earlier today, but has already been the target of vociferous opposition from France’s finance minister Bruno Le Maire, according to a Bloomberg report on Tuesday.The post Facebook’s cryptocurrency Libra decried by French finance minister, saying it ‘must not happen’ appeared first on The Block.

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17:15 Benzinga.comPositive Vibe Ahead Of Fed Decision, And Facebook Creates Buzz With Cryptocurrency

After several days of lackluster trading, it feels like there’s a little more energy in the air today as the Fed begins its two-day meeting. The positive vibe stemmed partly from comments European Central Bank (ECB) President Mario Draghi made Tuesday about the possibility for more stimulus.
read more

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17:01 Phys.orgFrance demands 'guarantees' on Facebook's cryptocurrency plan

France's finance minister said Tuesday that strong guarantees were needed over the use of cryptocurrencies after Facebook announced it was leaping into the market with its own digital money.

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16:51 Yahoo.com BusinessAustria Post Launches ‘Crypto Stamp’ Collectibles on the Ethereum Blockchain

By CCN Markets: Stamp collecting just entered the 21st century, as the Austrian Post Office unveiled its limited edition ‘crypto stamp’ collectibles, powered by the Ethereum blockchain. Send Your Stamp, Keep A Collectible Crypto Stamp A limited 150,000 unit run of five different stamps – black, red, blue, yellow, black – allows the owner to use a physical stamp, but then save its image in their wallet. According to a Reddit user, the distribution is as follows: 1,500 red stamps; yellow, 10,000; blue, 20,000; green, 40,000; black, 78,500. The stamps retail for 6.90 Euro, meaning the entire project will bring

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16:48 Phys.orgHow cryptocurrencies can replace other pay options

Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money.

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16:48 CNBC technologyFacebook's cryptocurrency chief says if you don't trust our digital wallet use our competitors

"We painstakingly removed ourselves from governing this network," says Facebook's David Marcus.

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16:38 Yahoo ScienceFacebook’s Cryptocurrency Project: Who’s In and Who’s Out

(Bloomberg) -- Facebook Inc. made a renewed push into payments on Tuesday, announcing plans for a cryptocurrency called Libra.Read More: Facebook Wants Its Cryptocurrency to One Day Rival the GreenbackIt will be governed by the Libra Association, a group of companies that will have an equal say in how the cryptocurrency is managed. Almost 30 firms have joined and Facebook hopes another 70 or more will enter the fold in the future.Read Facebook’s Project Libra white paper hereWho’s In:Visa Inc. and Mastercard Inc., the world’s largest payments networks, as well as PayPal Holdings Inc. are on board. For Visa and Mastercard, it’s a chance to offer the world of cryptocurrencies the same services they provide in card payments. All three companies know the challenges of building a network and can offer expertise in

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16:38 Yahoo.com BusinessFacebook’s Libra cryptocurrency: where are the banks?

When looking at a new money or payments system meant to replace an old one, one need only look at who is missing from the list of partners to understand what is being replaced.The post Facebook's Libra cryptocurrency: where are the banks? appeared first on The Block.

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16:37 CoinDesk.comBinance 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.

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16:36 FT.com TechnologyMoneyGram shares more than double on Ripple deal

Blockchain group will invest up to $50m under cryptocurrency partnership

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16:26 Fin24.comFin24.com | Facebook unveils global cryptocurrency

Facebook has announced it is launching its own cryptocurrency called ''Libra," in a move aimed at creating a low-cost global payment system available through smart devices.

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16:26 Benzinga.comRBC Says Facebook's Libra Could Be A 'Watershed Moment' For Cryptocurrency

Facebook, Inc. (NASDAQ: FB)'s launch of its own branded digital currency called Libra could prove to be a "watershed moment," according to RBC Capital Markets.
Latest Ratings for FB View More Analyst Ratings for FB View the Latest Analyst Ratings
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16:25 CryptoCoinsNews.comAustria Post Launches ‘Crypto Stamp’ Collectibles on the Ethereum Blockchain

By CCN Markets: Stamp collecting just entered the 21st century, as the Austrian Post Office unveiled its limited edition ‘crypto stamp’ collectibles, powered by the Ethereum blockchain. Send Your Stamp, Keep A Collectible Crypto Stamp A limited 150,000 unit run of five different stamps – black, red, blue, yellow, black – allows the owner to use a physical stamp, but then save its image in their wallet. According to a Reddit user, the distribution is as follows: 1,500 red stamps; yellow, 10,000; blue, 20,000; green, 40,000; black, 78,500. The stamps retail for 6.90 Euro, meaning the entire project will bring
The post Austria Post Launches ‘Crypto Stamp’ Collectibles on the Ethereum Blockchain appeared first on CCN Markets

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16:14 Yahoo.com BusinessHyperledger Gains Microsoft and Ethereum Foundation Among Raft of New Members

Microsoft, Salesforce and the Ethereum Foundation are among the major new companies joining enterprise blockchain platform Hyperledger. The company’s executive director, Brian Behlendorf, confirmed the news to Cointelegraph ahead of a public unveiling at the ongoing Synchronize Europe conference in London on June 18. Part of a monthly update on new members of Hyperledger, Behlendorf said June’s rollout included the Ethereum Foundation as a non-profit member, while supply chain standards body GS1 is also now on board.

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16:13 Entrepreneur.comFacebook's Cryptocurrency: Everything We Know So Far

Facebook's big blockchain play will reportedly create a crypto-based payments ecosystem across Facebook, Messenger, Instagram, WhatsApp and beyond.

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16:02 Yahoo.com Business4 Stocks to Win Big as Bitcoin Nears $10,000

Bitcoin steers past the $9,000 mark and is approaching $10,000 on reports that Facebook is soon set to launch its own cryptocurrency.

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15:50 Yahoo.com BusinessRipple (XRP) Flexes Weakly Despite $50 Million MoneyGram Deal

By CCN Markets: Blockchain payment company Ripple on Monday announced that it is going to buy up to $50 million worth of stakes in MoneyGram, the second largest money transfer service in the world. The news helped Ripple’s native token XRP rise by more than 8 percent on the day. The blockchain asset established an intraday high towards $0.463 but, down the road, failed to continue the upside action. The XRP-to-dollar exchange rate today corrected by as much as 7.15 percent, falling to an intraday low of $0.430 on Coinbase exchange. As of 0810 UTC, the pair was attempting a

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15:50 Washingtonpost.comFacebook’s Libra Cryptocurrency Needs More Friends

Advertisers don’t look convinced by the social network’s plans for a stablecoin.

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15:36 CryptoCoinsNews.comRipple (XRP) Flexes Weakly Despite $50 Million MoneyGram Deal

By CCN Markets: Blockchain payment company Ripple on Monday announced that it is going to buy up to $50 million worth of stakes in MoneyGram, the second largest money transfer service in the world. The news helped Ripple’s native token XRP rise by more than 8 percent on the day. The blockchain asset established an intraday high towards $0.463 but, down the road, failed to continue the upside action. The XRP-to-dollar exchange rate today corrected by as much as 7.15 percent, falling to an intraday low of $0.430 on Coinbase exchange. As of 0810 UTC, the pair was attempting a
The post Ripple (XRP) Flexes Weakly Despite $50 Million MoneyGram Deal appeared first on CCN Markets

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15:25 FoxNews.comBitcoin fans spy opportunity in Facebook Libra launch

Bitcoin’s backers are adamant that Facebook Inc.’s FB 4.24% coming digital currency, Libra, won’t spell the demise of other cryptocurrencies. To the contrary, many believe the launch of Libra spells opportunity.

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15:23 CNBC technologyFacebook's Libra cryptocurrency could alleviate some security challenges, introduce new ones

Experts expect Facebook's cryptocurrency venture to alleviate some security issues, while introducing new ones.

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15:01 Benzinga.comMoneyGram Shares Up 130% After Partnering With Ripple

Blockchain payments firm Ripple has made an investment in MoneyGram International, Inc. (NASDAQ: MGI) and will also allow the group to use its XRP cryptocurrency as part
read more

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15:01 9to5google.comFacebook confirms cryptocurrency plans: Libra currency, Calibra wallet

Facebook has confirmed its long-rumored plans for a cryptocurrency, to be named Libra and launch at some point next year. It will launch a cryptocurrency wallet called Calibra at the same time …
more…
The post Facebook confirms cryptocurrency plans: Libra currency, Calibra wallet appeared first on 9to5Google.

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15:01 9to5mac.comFacebook confirms cryptocurrency plans: Libra currency, Calibra wallet

Facebook has confirmed its long-rumored plans for a cryptocurrency, to be named Libra and launch at some point next year. It will launch a cryptocurrency wallet called Calibra at the same time …
more…
The post Facebook confirms cryptocurrency plans: Libra currency, Calibra wallet appeared first on 9to5Mac.

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14:49 Yahoo.com BusinessBitcoin Price Trades Flat on Facebook Libra Blockchain Launch

Bitcoin is struggling to gather upside traction following Facebook's official announcement of its Libra cryptocurrency project.

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14:49 DigitalTrends.comFacebook’s crypto isn’t a new Bitcoin, it’s Disney Dollars for a new world order

Facebook has already secured tens of millions in investments for its new cryptocurrency for Facebook known as Libra. The platform is still being developed, but has already brought in backing from Visa, Mastercard and PayPal.

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14:29 NewScientist.ComFacebook plans to launch a new cryptocurrency called Libra

Facebook is launching a cryptocurrency called Libra. It says people will be able to use the currency to pay for goods from within WhatsApp

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14:13 Yahoo.com BusinessHow cryptocurrencies can replace other pay options

Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money. The new digital currency will be overseen by a nonprofit association and backed with real assets to serve as a reliable, stable form of globally accepted money that lives essentially on smartphones. To use currencies like Libra, people will need to install software referred to as a digital wallet.

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14:13 Yahoo.com BusinessEthereum 2.0 Phase 0 set to launch on 3rd January 2020

The Ethereum Foundation has released a more detailed timeline for the first "Zero" phase of its new, updated chain, dubbed Ethereum 2.0, according to a recent Implementer's Call.The post Ethereum 2.0 Phase 0 set to launch on 3rd January 2020 appeared first on The Block.

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14:13 Washingtonpost.comWith Calibra, Facebook launches cryptocurrency network

The goal is to provide financial services to billions of people around the world who currently lack access to banking.

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14:12 CoinDesk.comBitcoin Price Unfazed By Unveiling of Facebook’s Libra Crypto

Bitcoin is struggling to gather upside traction following Facebook's official announcement of its Libra cryptocurrency project.

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14:02 TheNextWeb.comFacebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy

Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members of the Libra Association (which maintains the network) and other accredited investors. Money raised by selling the Libra Investment Token is said to be placed in low-risk assets, and revenue generated is to go towards supporting operating expenses of the Libra Association itself and other development costs, including grants to non-profits. Once those are paid for, some of the remaining returns will be distributed to Libra Association members in the form of… This story continues at The Next WebOr just read more coverage about:

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14:01 Yahoo.com BusinessFacebook Reveals Its Cryptocurrency Play: CEO Daily

Facebook Reveals Its Cryptocurrency Play: CEO Daily

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13:59 Zdnet.comFacebook debuts Libra cryptocurrency: a Bitcoin killer?

The social network’s rumored cryptocurrency has landed, but how it will be received remains to be seen.

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13:49 Yahoo.com BusinessLibra White Paper Shows How Facebook Borrowed From Bitcoin and Ethereum

Cryptocurrency, at scale. That's Facebook's vision as laid out in the long-awaited, just-released Libra white paper.

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13:49 HuffingtonPost.inFacebook Announces Libra Cryptocurrency: What You Need To Know

SAN FRANCISCO/NEW YORK — Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.
Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association, which will govern its new digital coin set to launch in the first half of 2020, according to marketing materials and interviews with executives.
Facebook has also created a subsidiary called Calibra, which will offer digital wallets to save, send and spend Libras. Calibra will be connected to Facebook’s messaging platforms Messenger and WhatsApp, which already boast more than a billion users.
The Menlo Park, California-based company has big aspirations for Libra, but consumer privacy concerns or regulatory barriers may present significant hurdles.
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13:37 FinancialExpress.comFacebook unveils global cryptocurrency ‘Libra’

Facebook is taking the lead on building Libra and its underlying technology; its more than two dozen partners will help fund, build and govern the system.

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13:35 TechInvestorNews.comFacebook just took the wraps off Libra, a new cryptocurrency that will let anyone in the world pay (Rob Price/Business Insider: Finance)

Rob Price / Business Insider: FinanceFacebook just took the wraps off Libra, a new cryptocurrency that will let anyone in the world pay - Facebook is teaming up with an array of heavyweight multinational companies to launch a new digital currency called Libra in an ambitious push to provide financial services to billions of unbanked people around the world. On Tuesday, the Silicon Valley social networking giant officially announced what its buzzy and secretive ...

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13:13 Yahoo.com BusinessFundstrat s Lee Sees Bitcoin Quadrupling, And This Fund With It

(Bloomberg) -- Bitcoin bull Thomas Lee says the biggest digital currency is primed for a “Fear Of Missing Out” rally that could see it hit as high as $40,000 within a few months.Better market transparency and integrity is supportive of higher prices and a breach of the $10,000 level could trigger “FOMO,” wrote Lee, the managing partner and head of research with Fundstrat Global Advisors, in a note to clients Monday. A surge could spark even greater returns in the Grayscale Bitcoin Trust, he said.Lee, a noted permabull, as well as other crypto prognosticators from BitMEX’s Arthur Hayes to Galaxy Digital’s Mike Novogratz, had a difficult time forecasting the price of Bitcoin amid a 74% slump last year. Most were far too bullish as the crypto mania of 2017 gave way to a year dominated by concerns about increased

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13:13 CoinDesk.comLibra White Paper Shows How Facebook Borrowed From Bitcoin and Ethereum

Cryptocurrency, at scale. That's Facebook's vision as laid out in the long-awaited, just-released Libra white paper.

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13:09 NewYork TimesFacebook Plans Global Financial System Based on Cryptocurrency

Despite skepticism and concern about Facebook’s reach, the company envisions an alternative financial system based on a new cryptocurrency called Libra.

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13:08 International Herald TribuneFacebook Plans Global Financial System Based on Cryptocurrency

Despite skepticism and concern about Facebook’s reach, the company envisions an alternative financial system based on a new cryptocurrency called Libra.

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12:51 TheNextWeb.comBritish Bitcoin scammer nets $50M running fake Bitcoin trading site

A British Bitcoin scammer based in the United Arab Emirates has admitted to a con that duped people, all over the world, out of $50 million. In US courts last week, the perpetrator, identified as 50-year old Renwick Haddow, admitted to running a fake Bitcoin trading platform that defrauded hundreds of investors form around the globe. It’s also recently come to light that some 150 victims came from the UAE, and were hit for around $15 million, Arabian Business reports. Haddow was apprehended in Morocco in 2017 and extradited to the US. Alongside operating a fake Bitcoin trading platform, the… This story continues at The Next WebOr just read more coverage about: Bitcoin

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12:50 Yahoo ScienceFacebook Wants Its Cryptocurrency to One Day Rival the Greenback

(Bloomberg) -- Facebook Inc. unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar.Called Libra, the new currency will launch as soon as next year and be what's known as a stablecoin -- a digital currency that's supported by established government-backed currencies and securities. The goal is to avoid massive fluctuations in value so Libra can be used for everyday transactions in a way that more volatile crypotcurrencies, like Bitcoin, haven’t been.Read More: Facebook’s Cryptocurrency Project: Who’s In and Who’s OutLibra is the culmination of a year-long effort to devise an easy way for Facebook users to send and receive money through its messaging services. Private

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12:38 Yahoo.com BusinessThe 10 most important things you need to know about Facebook’s new cryptocurrency, Libra

After months of anticipation, Facebook has just unveiled its cryptocurrency, dubbed Libra. There is a lot of information to unpack, and The Block has distilled the announcement into most important points to save our readers time.The post The 10 most important things you need to know about Facebook’s new cryptocurrency, Libra appeared first on The Block.

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12:26 Yahoo.com BusinessFacebook releases plan for its Libra cryptocurrency to ‘meet the daily financial needs of billions of people’

In 2004, Harvard University drop-out Mark Zuckerberg launched Facebook, a dorm-built site that would trigger and drive the social-media revolution. 15-years later Zuckerberg’s Facebook is hoping to breed a new revolution with its own cryptocurrency, finally revealing their plans in detail today.The post Facebook releases plan for its Libra cryptocurrency to 'meet the daily financial needs of billions of people' appeared first on The Block.

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12:26 CryptoCoinsNews.comBreaking: Facebook Releases Libra Cryptocurrency Whitepaper and Testnet

By CCN Markets: Facebook has revealed the white paper for its much-hyped cryptocurrency, “Libra.” After months of speculation, Facebook has outlined the vision for its crypto project and released the test-net for its blockchain. “Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people.” Facebook’s cryptocurrency will operate through its Messenger app and WhatsApp to power peer-to-peer transfers and retail payments. Facebook claims the Libra cryptocurrency is built on a secure, scalable and reliable blockchain, backed by a reserve of real assets. The ecosystem will be governed by the Libra Association, a consortium
The post Breaking: Facebook Releases Libra Cryptocurrency Whitepaper and Testnet appeared first on CCN Markets

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12:24 Reuters.com TechnologyFactbox: Facebook's new cryptocurrency Libra and digital wallet Calibra

Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020.

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12:24 Reuters.com TechnologyFacebook reveals Libra cryptocurrency, with lofty goals

Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.

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12:23 NYT TechnologyFacebook Plans Global Financial System Based on Cryptocurrency

Despite skepticism and concern about Facebook’s reach, the company envisions an alternative financial system based on a new cryptocurrency called Libra.

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12:14 CoinDesk.comFacebook’s Libra Cryptocurrency: A Technical Deep Dive

Technical details of Facebook's Libra blockchain were published Tuesday in a white paper by the Libra Foundation. Here's what stands out.

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12:14 CoinDesk.comFacebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked

Facebook's newly unveiled Libra blockchain is tackling remittances at first, but it could have a much broader impact.

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12:14 FinExtra.comOKCoin and Simplex team up for dollar deposits

OKCoin (www.okcoin.com), a leading fiat-focused digital asset exchange, announced today that it has...

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12:10 TheFintechTimes.comFacebook Wants to Take on Banks, Not Bitcoin

By George McDonaugh, CEO and Co-Founder of KR1 plc Facebook is creating its own cryptocurrency something that even those of us necking the crypto cool aid back in the early Bitcoin days never in our wildest dreams thought would happen. The details are thin on the ground but what we...
The post Facebook Wants to Take on Banks, Not Bitcoin appeared first on The Fintech Times.

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12:10 ReutersFactbox: Facebook's new cryptocurrency Libra and digital wallet Calibra

Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020.

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