Facebook’s GlobalCoin Could be Launching as Soon as Next Year

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries. Here’s everything we know. Facebook’s GlobalCoin Hitting the Market Soon? According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant,…

Bestmixer.io Seized by Europol | Money Laundering

Europol indicated that on Wednesday the Dutch Fiscal Information and Investigation Service had seized Bestmixer.io which is a bitcoin transaction mixer. A statement from Europol referred to the action as the “first law enforcement action of its kind against such a cryptocurrency mixer service.” Europol, FIOD and Luxembourg Authorities Seize Bestmixer.io The operation that was carried out jointly by Europol, FIOD and Authorities in Luxembourg was started in June last year after Bestmixer services were flagged by Internet security firm McAfee. Following the crackdown, six servers were seized in Luxembourg…

The Abyss Platform Partners With Epic Games

Epic Games—the developer behind the global success Fortnite—is partnering with blockchain game distribution platform, The Abyss. The company made the announcement earlier today. Epic Games and The Abyss Blockchain The Abyss blockchain is a new digital gaming platform that offers MMO’s (Massively Multiplayer Online games) and other video games. Offering a Platform-as-a-Service (PaaS) business model, it gives indie-studios the ability to develop, run, market and manage their games. There is no interference from a third party. Further, users can generate income via “the unique multilevel referral program which serves as…

Bitcoin Price | Brian Kelly Tells CNBC Watch for Rising Price

Bitcoin enthusiast and crypto fund manager Brian Kelly has told CNBC that Bitcoin price could rise further in the coming months. His prediction isn’t unfounded; there is an impending supply cut on the horizon and this should help to push prices higher. Brian Kelly Predicts Bitcoin Price will Rise In an interview on CNBC’s Fast Money program yesterday, May 21st, Kelly explained that “the halvening,” which is due to take place in 2020, will cut mining rewards in half. As such, he expects miners to begin hoarding BTC if they aren’t…

Tether Partly Backed by Bitcoin, Court Transcription Reveals

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets. This revelation is the latest in legal proceedings between the New York Attorney General (NYAG) and Bitfinex, a leading cryptocurrency exchange which shares management with Tether. Bitfinex and the NYAG have gone back and forth in a battle of…

Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested

Summary: The market is seeing a current rejection of the weekly level outlined in 2018’s bull market. The zone between $8,300 and $8,400 has a strong point of interest in the previous bear market and we are currently seeing high levels of supply surface as people take profit. If we fail to break the $8,400 level, we can expect to see a retest of $7,400 and potentially even a deeper dive into the $6,800s as this represents another macro, weekly level and has yet to see a very strong test…

Bitcoin and Blockchain: The Tangled History of Two Tech Buzzwords

“I’m interested in blockchain, not bitcoin.” Admit it, you’ve heard this hundreds, if not thousands, of times. (You might have even said it yourself.) And sure, people know what you’re saying, you’re talking about the “technology underlying bitcoin” and you sound smart enough. Once it became known – or at least presumed – that you could apply cryptography in finance, in ways similar to how it’s used in bitcoin, everyone started making sure that statement fell from their lips. And that refrain – kicked off by bitcoin itself – remains…

Platform Allows Users to Send and Receive Cryptocurrency With Gadget of Their Choice

The team behind a private digital currency for secure payments says its goal is to make every consumer their own bank — enabling them to send and receive crypto with the gadget of their choice. Xeonbit says its peer-to-peer technology ensures that every user’s accounts and transactions are “out of reach to any prying eyes.” A feature known as “ring signatures” means public keys are shuffled in order to ensure that particular users cannot be identified once a transaction has taken place. The startup says this is not at the…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 17

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin witnessed a flash crash on Bitstamp exchange when it plunged to a low of $6,178. The fall was triggered by a sell order of about 5,000 bitcoins at $6,200. Some people speculate that the order might have been mistyped $6,200 instead of $8,200.…

Bitcoin Cash Hard Fork | Segwit Recovery & Schnorr Signatures

A Bitcoin Cash hard fork was implemented earlier today as of block 58268. Although the network-split initially met with a hiccup, the upgrade has now successfully completed. Bitcoin Cash Hard Fork The hard fork sees the Bitcoin Cash network implement two new features. They are Segwit recovery and Schnorr signatures. The Segwit recovery means network participants can now recover funds that were sent accidentally to Segwit addresses. Before today, this was impossible due to the “enforcement of the new CLEANSTACK rule” which was implemented in the last upgrade in November. The…