The Strange Case of CCN and the Google June 2019 Core Update

Here at Cointelegraph, we were as shocked as everyone else in and around the crypto-sphere when we learned about the abrupt closure of stalwart crypto media outlet CCN. Established at around the same time as Cointelegraph and CoinDesk, CCN spent years competing for the crypto audience. However, just a couple days later, as many others, we were relieved to hear that CCN was back — although we couldn’t help but feel sceptical regarding several aspects of the story and puzzled by so many questions swirling around it. How come a key player…

Coinbase Custody Holds $1.3B in Assets Under Custody, Expects to Hit $2B ‘Soon’

Coinbase Custody revealed that it holds $1.3 billion in assets under custody (AUC) and the firm expects to hit $2 billion AUC soon in a Twitter thread published on June 13. In a series of tweets, what is evidently the official Coinbase Custody Twitter account reported that last week the company’s CEO, Sam McIngvale, and its chief information security officer, Philip Martin, visited the United Kingdom. The purpose of the visit was reportedly “to discuss the institutional cryptoeconomy with a range of prospects and clients.” During the meeting, the firm’s…

Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report

Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported on June 14. Per the report, Facebook and dozens of its partners will unveil the Libra Association — which will be based out of Geneva — as the entity that will oversee the company’s Libra cryptocurrency project. During the event, the company is also expected to launch the testnet of its blockchain. The Block claims to have seen an unspecified blog post from Facebook, according…

Crypto Market Rallies $15 Billion: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap gained momentum and broke the key $252.0B resistance area. Bitcoin price surged above the $8,500 and $8,650 resistance levels. Litecoin (LTC) price remains in a strong uptrend and is trading nicely above $134. Bitcoin cash price is grinding higher towards the $420 and $425 resistance levels. EOS price is back above the $6.50 level and it may even break the key $6.75 resistance area. Stellar (XLM) price is about to gain momentum above the $0.1250 level. The crypto market cap gained sharply, with positive moves…

Appetite for Blockchain Tech Builds Among Korean Banks, but Without Crypto

In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up with the change of the times. The banks, however, are not looking into an important part of blockchain, which is digital assets, says one influential Korean advocate of alternative currency. In order to assess the Korean blockchain space, it is important to understand how the trend affects existing…

Bitcoin Price Jumps Above $8,700 following Binance US Closure

Bitcoin is becoming a hedging instrument even against the rest of the cryptocurrency market. The largest cryptocurrency profited as much as 6 percent on Friday to close above $8,700. At the same time, other leading cryptocurrencies, such as Ethereum, Litecoin, and EOS, trended in negative territory. The massive contrast between the bitcoin and the rest of the cryptocurrency market indicated a capital flight. Traders suggestively exchanged a bulk of altcoins for bitcoin as a safety measure against the latest Binance announcement. The Malta-based cryptocurrency exchange, which accounted for the highest global cryptocurrency…

Bitcoin (BTC) Price Hits First Target: Can Bulls Hit $8.8K or $9K?

Bitcoin price is n a positive zone and recently climbed above the $8,500 level against the US Dollar. The price is gaining momentum and it seems like it could even trade towards the $8,800 level. There is a major bullish trend line forming with support near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip a few points, but it remains well bid above the $8,460 pivot level. Bitcoin price extended gains above the $8,500 resistance against the US Dollar. BTC is…

Blockchain Developer Dispatch Labs Suffers Losses Despite Market Recovery

Blockchain company Dispatch Labs is incurring considerable losses despite extensive investment and a recovering cryptocurrency market, technology-focused news outlet Cryptobriefing reported on June 14. Initially, Dispatch Labs received funding from its executive team, subsequently raising over $13 million in a series of private rounds from other investors such as China-based capital firm Fenbushi Capital during the first half of 2018. However, the value of the raised capital slumped considerably following the market drop in the first quarter of the year. The company’s CEO Matt McGraw reportedly said that the team…