Bitcoin News Bulletin 09/11/19: Of Bakkt, Lightning Network, Libra, and More

Presenting you the most trending bitcoin stories of the last 24 hours. Bakkt Seeks $3.9K Pledge for Bitcoin Futures Contracts Investors will be able to purchase Bakkt’s daily and monthly bitcoin futures effectively from September 23. But there is a catch. The Intercontinental Exchange-backed digital assets platform has introduced the initial hedge and speculative margin…

Facebook Goes Cold Feet on Libra Cryptocurrency

Facebook is doubtful about the launch of its controversial cryptocurrency Libra. The social media giant said in its SEC filing that they might not go ahead with their plans due to “significant regulatory scrutiny.” It also noted that Libra could adversely affect its business, reputation, or financial results. “Market acceptance of such currency is subject…

Bitcoin Slips Below $10,000; Where It Would Go Next?

Bitcoin price fell on Tuesday as investors wrapped their heads around increased financial regulations. The bitcoin-to-dollar exchange rate today established an intraday low of $9864.99, down 5.67 percent on a 24-hour adjusted timeframe according to data provided by CoinStats’ cryptocurrency portfolio management app. The move downhill came as a part of a broader downtrend, which…

Bitcoin Price Slips Below $9,500 Following Facebook Hearing

The price of bitcoin fell below the $9,500 level soon after US lawmakers questioned Facebook executive David Marcus on its cryptocurrency plans. The BTC/USD exchange rate established a fresh intraday low of $9,426.61, down 13.17 percent from the market open. The downside price action brought the pair 31.94 percent lower from its year-to-date high of…

Facebook’s “Shadow Bank” Attracts Flacks from European Politicians

Just fourteen months ago, Facebook founder Mark Zuckerburg was facing criticism from the US Senate Committee over his platform’s alleged role in manipulating the 2016’s presidential election. The 35-year old entrepreneur apprehensively answered to a long string of questions about whether or not Facebook tackled the fake news or sold online advertisements to Russian propagandists….

Facebook Libra is Not a Cryptocurrency, Says Quantitative Analyst

Facebook’s plans to launch its own digital currency, Libra, might have posed competition to bitcoin, but their new product lacks the essential elements to function as a real cryptocurrency, according to Bart Smith of Susquehanna International Group, LLP. The head of digital assets said in an interview to CNBC that Libra is nothing but a…

Facebook, Fed Shoot Bitcoin Price to Near $10,000

Bitcoin is getting closer the $10,000 rate per unit for the first time in 14 months. The BTC/USD exchange rate on Friday settled an intraday high towards $9,899, according to CoinStats’ cryptocurrency portfolio tracker app. The upside move took the cryptocurrency’s market capitalization to near $176 billion, which now makes almost 58 percent of the…

Facebook Cryptocurrency Sends Shivers Across Politicians and Regulators

Not everybody is happy with Calibra, Facebook’s hugely-awaited cryptocurrency platform. Soon after the social media behemoth unveiled the technical paper of its global currency project, it scared a handful of politicians and regulators across the world. Lawmakers from Europe were the first ones to issue stern feedbacks, with French Finance Minister Bruno Le Maire stating…

Bitcoin Trades Flat as Facebook Unveils Its Libra Blockchain

The uptrend in the bitcoin market has paused following the introduction of Libra, a blockchain-based cryptocurrency unveiled by Facebook. As of 1255 GMT today, the BTC/USD exchange rate was trading at $9,241 on CoinStats’ crypto portfolio management app. That brought the pair more than 3 percent lower from its 2019 top of $9,353. Bitcoin’s upside…

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…