Facebook’s Libra Coin: Initial Reactions Mixed

Summary of the first reactions on Facebook’s Libra. Facebook has released its much anticipated white paper for the cryptocurrency Libra. The initial reviews of the highly secretive mega-project are mixed, to say the least. Before taking a look at responses across the cryptosphere, let’s have a quick recap of the Facebook proposal. The Libra coin […]

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Grayscale: Bitcoin Gained 47% in US-China Trade War Drawdown

Traditional assets saw broad losses with few exceptions, with Chinese uncertainty potentially contributing to bitcoin’s price rise. Bitcoin (BTC) vastly outperformed traditional wealth preservation assets during the United States–China trade war, American digital asset manager Grayscale confirmed in research published on June 11. Updating “Hedging Global Liquidity Risk with Bitcoin” — a report originally from […]

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Crypto Market Outlook Downgraded to ‘Uncertain’ in New SFOX Volatility Report

Despite bitcoin price rising by 57% in May, a new report from SFOX has downgraded the crypto market outlook to uncertain. The current outlook for the cryptocurrency market has been downgraded from mildly bullish to uncertain, SFOX’s latest volatility report concluded on June 6. While the report acknowledged that crypto prices recovered substantially last month, the authors described […]

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Andreas Antonopoulos: Blockchain Tech Cannot Be Uninvented or Stopped

Antonopoulos believes that the current volatility is an inevitable fact arising from the crypto market’s limited liquidity. Andreas Antonopoulos is a well-known bitcoin (BTC) educator and crypto commentator, as well as a security and decentralized systems expert. His 2014 book, Mastering Bitcoin, gave an in-depth technical analysis of the top cryptocurrency and a solid foundation […]

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