Bitcoin Falls Under $10,800 as US Stock Market Sees Minor Uptrend

Most of the top 20 cryptocurrencies are reporting significant losses on the day as Bitcoin falls under the $10,800 mark again. Thursday, June 27 — most of the top 20 cryptocurrencies are reporting significant losses on the day by press time, as Bitcoin (BTC) falls under the $10,800 mark again. Market visualization courtesy of Coin360 Bitcoin is currently down about 19.67% on the day, trading around $10,695 at press time, according to Coin360. Looking at its weekly chart, the coin is up 13.28%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph…

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Mainstream Use of Libra: Anti-Crypto Politicians and Their Stubbornness

Philip Lowe, the governor of the Reserve Bank of Australia, remains skeptic about Libra. He believes that Libra’s biggest potential advantage, mainstream use, might not be attainable in the near future. Facebook is sharing more and more details about Libra with every passing day. After the Libra Association got revealed, so did the Libra white paper. Lowe has never hidden his negative views towards cryptocurrencies and he implied that Libra might just be a long way away for the near future. In his Q&A session, Lowe stated: “There is a…

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Bitfinex Offline For a Few Hours Due to a System Upgrade

System upgrades will force Bitfinex offline for a few hours, stated the official announcement last week. The crypto exchange’s team will work for 5 to 9 hours on system upgrades. The announcement states that the same upgrades will be applied to its counterpart Ethfinex. Additionally, Bitfinex offline timing may be reduced by 2-3 hours, depending on how fast the installation proceeds. Earlier this year, Binance underwent its scheduled system upgrade. During the downtime, all users were warned that deposits, withdraws and trading would be impossible for up to 7 hours.…

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Seychelles to Host First Regulated Tokenized Security on a National Stock Market

MERJ Exchange of the Seychelles to offer the first regulated security token on a national stock market, alongside its company stock. Seychelles-based securities exchange MERJ will purportedly list the first regulated security token on a national stock market, according to a report by Bloomberg on June 25. As per the report, these security tokens are digital asset shares that will trade alongside stock for MERJ Exchange Ltd, the company behind the MERJ exchange. The report notes that no specific date has been given for a planned listing, but the MERJ…

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Brazilian Exchanges to Integrate the Real-T, a Stablecoin Pegged to the Real

Cryptocurrency exchanges in Brazil will purportedly be among the first platforms to offer a stablecoin pegged one-to-one with the Brazilian real. Brazilian cryptocurrency exchanges are rolling out support for a stablecoin, according to a report by Cointelegraph Brasil on June 26. Brazilian platforms including PagCripto, Nox Trading, 3xBit, and Bitcambio, are reportedly slated to be the next adopters to issue this new stablecoin — pegged one-to-one with the Brazilian real —  Real-T (REALT). As explained in its whitepaper, the “Real-T Token” is an Ethereum-based ERC-20 stablecoin that is “strictly pegged”…

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Market Outlook: After Crypto Prices Tumble, Observers Weigh in on What’s Next

Bitcoin and a large number of cryptocurrencies experienced a sharp crash after touching new price highs this year. On June 26, the price of bitcoin core (BTC) dropped from $13,850 to under $11,900 in less than an hour. BTC values against the USD continued to spiral on Thursday, dropping to $10,350 before recovering slightly. With more than $72 billion shaved off the valuation of the entire cryptoconomy, many traders wonder what the future has in store for digital asset markets. Also Read: Iranians Defy Warning and Share Pictures of Bitcoin…

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Over 22,000 Traders Have Now Signed up to Local.Bitcoin.com

People from all over the world have opened accounts to trade bitcoin cash anonymously and without any KYC on Local.Bitcoin.com. Almost 1,000 BCH has already been exchanged privately through blind escrow via the new platform. Also Read: Namecheap Lets You Buy a Domain and Host Your Website With BCH Userbase on Local.Bitcoin.com Grows Rapidly Local.Bitcoin.com, the privacy-focused peer to peer global marketplace for trading bitcoin cash (BCH), was only officially launched on June 4. Since then over 22,000 people have already signed up to open accounts on the service and…

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Next Bitcoin Goal is $12K: The Crypto Summer is Just Starting

This summer is hot, but there doesn’t seem to be anything hotter than bitcoin at the moment. Last week, the $11K line was crossed for the first time since March 2018. As of today, June 25th, Bitcoin is now steadily rising above $11K. The next bitcoin goal seems to be $12K and at the current rate, we might just see it surpassed by the end of the week. A few months ago, saying that $12K was the next bitcoin goal would be looked at with a huge dose of skepticism.…

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