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Hodler’s Digest, June 17–23: Top Stories, Price Movements, Quotes and FUD of the Week

CryptocurrencyJun 23, 2019 02:21PM ET
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Hodler’s Digest, June 17–23: Top Stories, Price Movements, Quotes and FUD of the Week

Four big reasons bitcoin’s price will probably not stop at $20K this timeBitcoin crossed $11,000 in under 24 hours after breaking the important level of $10,000 on Friday, ETH hit a 10-month high, while crypto markets see solid green by the end of the week. Cointelegraph explores the main factors driving the rally this time, and why they are very different than they were in late 2017. Thus, bitcoin futures show growing signs of institutional interest, Bitcoin’s hash rate hit a new all-time high at over 65,000,000 TH/s, the planned Bitcoin block reward halving set for May 2020 is still 333 days away, while the overall microeconomic picture sees investors dumping ever-depreciating fiat currencies for hard-capped “digital gold.”

Facebook (NASDAQ:FB) releases cryptocurrency white paper for Libra currencyFacebook released the white paper this week for its long-awaited, highly secretive cryptocurrency and blockchain-based infrastructure. The global stablecoin, dubbed “libra,” will operate on the native and scalable Libra blockchain and be backed by a reserve of assets that will give the coin intrinsic value as well as mitigate volatility fluctuations. Facebook’s new crypto will be governed by a Swiss-based not-for-profit consortium called the Libra Association, which already has Mastercard (NYSE:MA), PayPal, Visa (NYSE:V), Stripe, eBay (NASDAQ:EBAY), Coinbase, Andreessen Horowitz and Uber (NYSE:UBER) among its founding members. The association will have around 100 members in total, each with a $10 million investment securing the entity one vote on the Libra council.

Ripple to invest up to $50M in MoneyGram following new partnershipBig Four auditing firm PwC releases cryptocurrency auditing softwareQuadrigaCX co-founder used user deposits for his own trading, created fake accountsSatoshi Nakamoto apparent author of two upcoming books on AmazonFundstrat’s Tom Lee: Bitcoin is easily going to reach new highsU.S. CFTC brings action against $147M bitcoin investment schemeRecent Firefox’s zero-day flaw was used in attacks against Coinbase’s employeesU.S. authorities seek extradition of alleged crypto scammerRound-up of crypto exchange hacks so far in 2019 — how can they be stopped?What to expect from the Telegram Open Network: A developer’s perspectiveHow Tyler Winklevoss converted his biographer into a Bitcoin believerContinue Reading on Coin Telegraph

Hodler’s Digest, June 17–23: Top Stories, Price Movements, Quotes and FUD of the Week
 

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