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Facebook Releases Whitepaper of Upcoming Payment Service Libra

By Coinstats’ Portfolio Management App: Facebook today released the whitepaper of its upcoming payment service dubbed as Libra. The social media giant stated that Libra will be a non-volatile, blockchain-based cryptocurrency, whose goal will be to bank all the unbanked people across the world. The project, according to the whitepaper, has received support from global…

Bitcoin Price Could Fall Back to $6,500: Market Analyst

Price of bitcoin on Monday established a fresh year-to-date high of $9,281, according to data provided by Coinstats’ coin portfolio management app. The move stretched bitcoin’s year-to-date gains by 155 percent which, as Morgan Creek Capital co-founder Anthony Pompliano called, the end of a bear market. At the same time, Tyler Winklevoss, the co-founder of…

Tron (TRX) Price Update: Justin Sun’s Brainchild Eyeing Strong Recovery

Tron’s TRX coin has surged up 0.68 percent against the dollar in the last 24 hours, according to CoinStats’ cryptocurrency portfolio tracker. The TRX-to-dollar exchange rate on Monday established an intraday high of $0.033, bringing its 7-day gains to 5.26 percent. The move helped the cryptocurrency’s market capitalization balloon from $2.11 billion to $2.18 billion….

Bullish: Binance Introduces Bitcoin-Pegged Token Following US Closure

Binance, the world’s leading cryptocurrency exchange by volume, on Monday announced that its native blockchain would start issuing tokens backed by bitcoin. Dubbed as BTCB, the new token will represent the net amount of bitcoins that Binance would hold in reserves. The exchange confirmed that it would make those reserve addresses public, which would allow…