CryptoCurrency News: Examining Facebook’s Claim Its Crypto Is for the Unbanked

The excitement about Libra is premature. Maybe Zuck’s got more to share, but right now there’s very little information, and Libra has a lot to prove.

via CoinDesk

CryptoCurrency News: Bitcoin Price Breaches $9.6K to Hit 400-Day High

At 18:00 UTC on June 20, the world’s largest cryptocurrency by market capitalization broke from a bullish triangle pattern on the daily chart, after being held beneath $9,348 for an extended period of time.

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CryptoCurrency News: Bitcoin ATMs Go Live at 20 Circle K Convenience Stores

The company has expanded to 250 locations in 25 states.

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CryptoCurrency News: Libra Could Be Unbalanced by Indian Crypto Laws

Facebook reportedly has not filed an application with the RBI, which seeks to ban cryptocurrencies.

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CryptoCurrency News: Lightning Labs Mobile App Gets 2,000 Downloads in 24 Hours

The new mainstream-friendly mobile wallet from Lightning Labs saw 2,000 downloads on Day 1. Next up for the company: merchant services.

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CryptoCurrency News: Craig Wright Provides New Details on Bitcoin Trust at Heart of US Lawsuit

A court document filed on May 8 details Craig Wright's bitcoin holdings prior to Dec. 31, 2013.

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CryptoCurrency News: Rep. Maxine Waters Says US Can’t Let Facebook’s Libra ‘Compete With the Dollar’

Appearing on CNBC Thursday, the chair of the U.S. House Financial Services Committee doubled down on her calls for Facebook to halt Libra development.

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CryptoCurrency News: PwC Unveils New Tool for Auditing Crypto Transactions

'Big Four' firm PwC has launched a new tool for auditing cryptocurrency transaction data.

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CryptoCurrency News: Ethereum Classic’s Next Crypto Code Upgrade Is Back on for September

After dissent earlier this month, ethereum classic developers decided today to recommit to a hard fork activation date in September.

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CryptoCurrency News: ‘Billions’ Could Be Saved By Tokenized Assets Backed With Central Bank Money: BoE Chief

Bank of England governor Mark Carney spoke positively about the Utility Settlement Coin project, now dubbed Fnality, during a appearance Thursday.

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CryptoCurrency News: Coinbase Launches Mobile Push Alerts for Crypto Price Swings

The opt-in feature notifies users of significant fluctuations in the 22 assets supported by Coinbase.

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CryptoCurrency News: Roll Wants to Take Power From YouTube With Cryptos for Content Creators

"Social money" startup Roll raised a $1.7 million seed round from BitMEX CEO Arthur Hayes, Gary Vaynerchuk and Techstars.

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CryptoCurrency News: QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer Funds

QuadrigaCX CEO and founder Gerald Cotten reportedly created fake accounts at other crypto exchanges and funded them with his customers' money.

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CryptoCurrency News: Bitcoin Price Rally Stalls as Open Futures Hit Record Highs

Bitcoin is struggling to find acceptance above $9,300 even as futures listed on the Chicago Mercantile Exchange are witnessing record open bets – a sign of increased institutional interest.

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CryptoCurrency News: MIT’s ‘Fiat Cryptography’ System Automates the Process of Securing Almost Anything

Gone are the days of manual encryption as MIT researchers create a way to automatically generate security algorithms.

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CryptoCurrency News: Italy’s Banking Sector Will Boost Reconciliations With Blockchain

Italy's "Spunta" Project will launch in March, 2020 to improve the efficiency of interbank transfers.

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CryptoCurrency News: LINE’s Crypto Exchange Could Win Japan License This Month, Report Says

Japanese messaging giant LINE may soon be able to open a cryptocurrency exchange for its 80 million users based in the country.

via CoinDesk