Crypto News Are VERY BULLISH for Ethereum, Bitcoin, Tron and Facebook!!! + $70 BTC Giveaway
Today we have four really cool news segments to kick off the morning with. Let me share these topics with you now!
First up, we have Facebook, the social media giant that is keen to unveil the ‘Libra Association’ and launch their testnet next week. Next up, Ethereum 2.0 is planning for the launch on the 3rd of January 2020, TRON is now fueling IEOs on Latoken Exchange, with TRX’s liquidity expected to rise, and finally, i8t looks like Bitcoin is continuing to rise as the bullish momentum continues to flourish in mid-2019.
I told you guys, we have a slew of fantastic and amazing news to share with you today. Now, if you want to hear all about it, please make sure you stay right until the very end! Now, new week, new giveaway guys! For this week on the cryptopig channel, you can go into the draw to win $70 worth of Bitcoin!! Once again, it’s super easy. All you need to do is like, comment, and subscribe, and you can win! How does this work? We will draw out a winner on Saturday, by drawing out a video from the week, and then drawing out a winner. So if you want a chance to win, make sure you enter! Good luck to you guys all!!
The Market Today
Now moving onto the cryptocurrency market. As you guys can see here, there is quite an even mix of greens and reds across the board. We still have Bitcoin in the first place, increasing by 1.51%, Ethereum’s Ether falling by 0.59%, and finally, Ripple’s XRP increasing by 2.71%. If we look to the top 20, you can see that there are many more greens across the board, but these greens are all not major increases. The increase ranges from 0.5% to 5.3%, as you can see here.
Facebook Unveils the Libra Association
Now, let’s hop to the news! As you guys can see, according to Cointelegraph, Facebook is looking to Unveil their ‘Libra Association and Launch Testnet Next Week on June 18. The report noted that Facebook and many of its other partners will launch the Libra Association based in Geneva. The Association will be the company that oversees the Libra Cryptocurrency project. Facebook will also launch the testnet of its blockchain network.
The Libra cryptocurrency token will apparently be hosted on the dedicated Libra Blockchain and backed up by the Libra Reserve – being a store of real assets that should grant the token stability, low inflation, global acceptance, and fungibility. The Facebook blockchain will also be open sourced under the Apache 2.0 license. The report also mentioned that there is strong hopes that the Libra cryptocurrency token will assist those that are not connected to the financial system – which is probably why they called in Libra – Latin for freedom or liberty. Despite cryptocurrency’s rocky relationship with the law, the Libra token, however, intends to focus on regulatory compliance.
They mentioned that:
collaborating and innovating with the financial sector, including regulators and experts across a variety of industries, is the only way to ensure a sustainable, secure, and trusted framework underpins this new system.
It’s definitely very interesting to see Facebook go Crypto. Many in the cryptocurrency have expressed their concerns. Cryptobriefing another publication even suggested that we reject the token despite it being crypto simply because the library cryptocurrency token looks like another scheme for payment processors to join forces with Facebook to control tax and monitor spending.
They may be onto something considering both Visa and Mastercard are backers to the new Libra cryptocurrency token to the tune of $10 million dollars each!
Ethereum 2.0 Planned for Launch on the 3rd January 2020
Moving on, we have Ethereum 2.0 Planned for launch on the 3rd of January 2020. So what is Ethereum 2.0? According to Trust Nodes, Ethereum 2.0 is when the blockchain network enabled Proof of stake. The date in which they want to launch – the 3rd of January 2020, is seven months from now, which is also 11 years after bitcoin’s genesis block – which was on the 3rd of January 2009. Justin Drake and Ethereum 2.0 researcher cited that the 11th Bitcoin anniversary was one of the primary reasons they chose that specific date.
In terms of their progress, they’re currently on track for phase zero spec freeze in two weeks on June 30th. But to his these targets realistically, they need to hit two milestones. These include first, to have the deposit contract to launch ahead of the genesis block so that validators can make deposits. They’re thinking and hoping that at least 2 million ETH will be deposited, and the second milestone is for the genesis block launch to launch on the same day Satoshi Nakamoto did so for Bitcoin. Very exciting news for Ethereum indeed as they are undergoing what is considered to be the biggest upgrade of any public blockchain since their invention 10 years ago.
TRON Fuels IEOS On the Latoken Exchange
Now moving on, it looks like TRON is now fuelling IEOS on the Latoken Exchange. So what does this mean? According to U Today, it looks like the TRON Foundation and Latoken ales platform have partnered together to use TRX as a currency for payment when it comes to the Latoken IEO Launchpad. Now, any initial exchange offerings on this launchpad will be conducted TRX and use d as a payment token. Just to give you guys a bit more context on the situation, Latoken is the biggest fundraising platform for cryptocurrency projects. The deal could, therefore, significantly increase the liquidity of TRX. Latoken has already worked with Bitcoin, Ethereum’s Ether, and the USDT coin and the native LA token.
Bitcoin Soars Well into $9,000 Mark
And finally, the last news item for today. It looks like Bitcoin is soaring very well into the $9,000 dollar mark. The recent bullishness of Bitcoin and the crypto industry has allowed the Bitcoin token to maintain a nice long-term trendline, that if you can see here, has held over the past seven years. According to newsbtc, the Bitcoin trendline has only broken once in November 2018. Josh Rager, a cryptocurrency analyst, went to Twitter to show that for most of the time, Bitcoin has followed this trend. It looks like it Bigoing can hold above the $7,200 market, it will continue a bullish growth.
So guys, what do you think of the situation?
Will you be supporting Facebook’s Libra Token when it launches?
Are you excited for the EThereum 2.0 launch in 2020?
Do you think TRON’s partnership with the Latoken Exchange can increase liquidity?
And finally, do you think Bitcoin will keep up with the trend and remain bullish over the next few years?
Let me know what you guys think in the comments below! Don’t forget to like, comment, and subscribe to go in the draw to win $70 worth of Bitcoin tokens. It’s your girl Cindy with CryptoPig. I’ll see you around!
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.