Libra’s much-anticipated unveiling has generated significant enthusiasm amongst followers of both the digital-asset economy and traditional markets. For an industry grappling with a lack of mainstream acceptance during its formative years, watching Facebook and its consortium of corporate partners enter the fold is sure to be viewed as a vindication of blockchain and cryptocurrency.
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The happy days are here again for bitcoin traders and HODLers, as the godfather coin continued its rapid appreciation. BTC has topped the $11k mark on enormous volume, and appears headed higher.
Meanwhile, ether is at $311 at mid-day and also has its own momentum building.
Bitcoin continued on a roll today, rising as high as $9,800 on extraordinarily high volume. Given the momentum, it’s likely the coin may breach the magic $10,000 mark in the next few days, barring some black swan pullback.
The news was equally good among the top ten in alt-coins.
The digital asset landscape has undergone some significant changes since the dramatic price surges of December 2017 as a result from users becoming more interested in blockchain technology. The market turbulence that followed has undercut the perception of cryptocurrencies in the eyes of many, with erosion of the virtues of trust and security taking place due to price volatility and the actions of some illegitimate projects.
Bitcoin is now above the $9,300 mark, up slightly more than two percent on the day and continuing its strong surge. Trading volume was again enormous, as the godfather cryptocurrency appears poised to test the $10,000 mark.
Alt-coins didn’t fare as well. Ether was up less than one percent to $268,
After months of rumors, Facebook today unveiled its plans for its own cryptocurrency, which the company called Libra. The social media network is launching with support from partners including PayPal, Uber, Spotify, Visa and Mastercard and plans to debut Libra sometime in the next six to 12 months.
While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges. That’s a notable increase from a year ago, when there were 208.
Taxing cryptocurrencies has been quite a controversial topic across the world, but that hasn’t prevented most countries from introducing a capital gain tax.
However, these countries soon found out that despite the tax regulations, more and more citizens and local companies were finding ways to avoid the watchful eyes of the local tax agencies.
Blockchain platform Elixxir has launched the Elixxir Early Access Developer Program, offering third-party developers an opportunity to build on the Elixxir protocol.
Developers can visit Elixxir.io/arrowsdsk and submit a proposal for the program. If selected, they will be able to build on Elixxir’s public AlphaNet later this summer.
Venezuela has fallen into a state of socio-economic decline since the advent of Hugo Chavez’s presidency. The country had relied heavily on its oil revenue, making it inevitably susceptible to the market. When oil prices plummeted five years ago, the whole country suffered, dipping into economic depression.