The Libra Association has formed a five-member board and set ground rules for its governance today at a meeting in Switzerland. The Libra Association, the governing body of Facebook’s proposed stablecoin, held its inaugural meeting today in Geneva, Switzerland. According to a report from Reuters on Oct. 14, the consortium reaffirmed their interest in creating…
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Most major cryptocurrencies are in a consolidation, which will soon result in a large directional move. How should traders be placed in order to benefit from it? A draft report by the G7 group of nations outlined the risks associated with “global stablecoins.” The report said: “No stablecoin project should begin operation until the legal,…
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Leading online travel company Booking Holdings has ditched the Libra Association, a non-profit Facebook established to pursue the promotion of its Libra stablecoin. Leading online travel company Booking Holdings has ditched the Libra Association, the governing consortium of Facebook’s proposed Libra stablecoin. Booking Holdings has thus become the latest in an array of companies that…
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A test of resilience for Bitcoin price now revolves around an area with $7,400 as its bottom, one market analyst suggests. Bitcoin price (BTC) returned to sideways trading on Oct. 14 after a sudden dip on Sunday evening saw markets lose 2% in minutes. Cryptocurrency market daily overview. Source: Coin360 Bitcoin claws back lost ground…
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South Korean social media platform Cyworld has shut down operations prompting concerns about the future of its Clink cryptocurrency. South Korea’s Cyworld social media platform shuttered its services on Oct. 1 without giving any prior notice, English-language local media The Korea Times reported on Oct. 14. What’s more, the website for its Clink (CKCT) crypto-asset…
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As Litecoin celebrated its eighth birthday on Oct. 13, its founder Charlie Lee fended off criticism about LTC and the Foundation’s finances. As Litecoin (LTC) celebrated its eighth birthday on Oct. 13, its founder Charlie Lee had to fend off crypto Twitter’s FUD — fear, uncertainty and doubt — about the altcoin. Lee’s original post…
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The SEC halts Telegram’s $1.7 billion token offering in a massive setback for TON, and Mark Zuckerberg is going to testify in front of Congress. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions…
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A few of the top 5 performers are showing promise and are likely to start an uptrend. Which are those? Let’s study the charts. The United States Securities and Exchange Commission (SEC) has been in the thick of the action over the past week. First, the SEC rejected the Bitcoin ETF application from Bitwise Asset…
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Privacy-focused coin Zcash is showing interest in accessing Ethereum’s decentralized finance ecosystem. The privacy-focused cryptocurrency Zcash (ZEC) is seeking access to Ethereum’s decentralized finance (DeFi) ecosystem. Zcash’s shielded addresses on the Ethereum network On Oct. 13, Coindesk reported that the topic of interoperability was the theme of the now concluded Devcon 5 developer conference in…
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The majority of the top-20 coins by market cap see losses today, while Bitcoin price failed to hold $8,400. Saturday, Oct. 12 — following a minor price rally earlier this week, crypto markets are trading sideways as the top-20 coins by market cap report mixed signals. At press time, 8 out of the top 20…
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