Libra — sometimes referred to as “Facecoin” or “Zuckcoin” — is self-billed as “a simple global currency and financial infrastructure that empowers billions of people.” The introduction waxes cypher-poetic about the liberating nature of the internet and the potential for an online currency to unfetter financially disenfranchised populations around the world from the shackles of the inefficient and parasitic banking system. “The world truly … [Read more...] about Facebook’s Libra Is Here. But It Might Not Be What You Think.
Leading cryptocurrency data provider CoinMarketCap has announced that 70.3 percent of the exchanges listed on its platform have complied with its mandatory exchange data requests aimed at boosting transparency in trade volume reporting. 95 percent of the trade volumes reported by CoinMarketCap were fake according to a report released in April 2019 by Bitwise Asset Management. It suggested that CoinMarketCap reported approximately $6 billion … [Read more...] about CoinMarketCap Transparency: 70% of Exchanges Complied With Exchange Data Request
Many commentators believe that the tech giants (e.g., Facebook) are going to supplement banks, pointing out their plans to create new payment and token solutions (e.g., Facebook’s libra currency). Also likely, these companies are going to use their customer data and platform services to become banks themselves. The post Cartoon: Join the Club appeared first on Bitcoin Magazine. … [Read more...] about Cartoon: Join the Club
This article was originally published by 8btc and written by Lylian Tang. Bitcoin has surged above $9,000 to set a fresh year-to-date high since Sunday and the uptick in momentum is still going on these days. Amid the bullish trend in the bitcoin market, bitcoin’s popularity seems to be on the rise, particularly in Asian markets. According to crypto analyst Mati Greenspan, bitcoin is currently trading at a premium of about $160 in Hong … [Read more...] about Asian Markets’ Appetite for Crypto on the Rise, Pushing Bitcoin Premium Surge
Noncustodial crypto wallet Breez has launched a beta version of its Lightning payments app for the iPhone, which runs on a Neutrino-based client. The iOS version is available for testing on Apple’s publishing platform for beta apps, TestFlight, per a Medium post from Breez CEO Roy Sheinfeld. Sheinfeld claims that the Breez app could be a pivotal step in establishing a Lightning economy. He notes that the open beta for the Android version of … [Read more...] about Breez Announces Beta Version of iOS Lightning Payments App