Facebook’s Libra Crypto Code Draws Critiques and Clones on GitHub

The early-access code for Facebook’s Libra cryptocurrency hit GitHub two weeks ago – and in that time, critics and would-be trollers have taken aim at the project. Spun up by the social media giant and presently managed by the non-profit Libra Association, the project on GitHub has been saved or “starred” by close to 10,000 users, signifying an early wave of interest among open-source participants. Additionally, over 1,000 clones of the codebase have been created thus far as technologists sit down to experiment with Libra’s code. In fact, some of…

Bitcoin’s ‘Kimchi Premium’ Returns With $1K Price Spreads on Crypto Exchanges

Bitcoin may be back over $10,000, but the price increase is bringing with it similar market inconsistencies as seen in the cryptocurrency’s meteoric 2017 ascent. At press time, bitcoin prices in South Korea are once again trading at a notable premium to Western exchanges. The spread, popularly known as the “Kimchi Premium” after a Korean preserved food dish, rose to $1,048 on Sunday, the highest level since Feb. 24, 2018, according to data from cryptocurrency exchanges Bithumb and Coinbase. Bithumb is South Korea’s largest cryptocurrency exchange while Coinbase, headquartered in…

S&P 500 Gains Can Earn You Bitcoin on New Bain Capital-Backed Exchange

Crypto investors have a new way to bet on the price of bitcoin – or on traditional assets – with the formal launch of EverMarkets Exchange (EMX)’s derivatives platform. The Palo Alto, California-based startup was founded two years ago and opened the exchange to a restricted audience at the end of May 2019. Effective Monday, the market is now available to participants worldwide – though U.S. residents are excluded. Co-founder Craig Austin told CoinDesk that the company wants to give customers access to a “world market” by trading derivatives tied…

Bitcoin Charts Hint At Price Pullback to Below $10K

View Bitcoin could fall below $10,000 this week as a strong sign of buyer exhaustion have emerged on the weekly chart in the form of “gravestone doji” candle. A bear cross of short-term moving averages and weakening buy pressure on the daily chart also suggest scope for a drop. The case for a price retreat into the four digits would weaken if bitcoin jumps above $12,450, invalidating a bearish pattern on the 4-hour chart. That would open the doors to a retest of the recent high of $13,880. With the…

Bitcoin Price Rally Fizzles after Most-Bullish Quarter since 2017

The price of bitcoin (BTC) is going down despite registering its most incredible quarter performance since December 2017. The BTC-to-dollar instrument was trading at $10,875 on Monday, 07:50 UTC, down more than 8.5 percent on a 24-hour adjusted timeframe. The move downhill dragged the bitcoin’s market capitalization close to $193.41 billion. At its highest, the cap was $313.82 billion. Bitcoin price has been soaring in 2019. | Source: TradingView Over the past five days, the bitcoin price has witnessed a sharp decline of more than 21 percent from its 2019 high.…

Bitcoin News Summary – July 1, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  A video surfaced this week of an Iranian Bitcoin mining operation running inside a mosque, buildings which receive free electricity in the country. It was reported that $260k worth of Bitcoin has been mined inside 100 different Iranian mosques. Meanwhile, the government is shutting off power to identified Bitcoin miners and seized about 1,000 ASIC miners from two abandoned factories.   Square’s Cash App is launching bitcoin deposits. Cash App users can purchase and sell Bitcoin and they can…

Bitcoin And Crypto Market Cap Testing Support: BCH, XLM, EOS, TRX Analysis

The total crypto market cap declined recently, but stayed above the $280.0B support area. Bitcoin price is down more than 8% and it recently tested the $10,800-11,000 support area. BCH price is trading above the $400 support area and is facing hurdles near $425 and $430. EOS price is struggling to settle above the key $6.000 and $6.100 resistance levels. Stellar (XLM) price is trading well below the $0.1150 pivot level. Tron (TRX) price stayed above the main $0.0320 support area. The crypto market cap and bitcoin (BTC) are trading…