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Cryptocurrency in red and Facebook announces details of its currency

2019-06-18 03:49 pm | Resource: New | No Views : 39

Cryptocurrency in red and Facebook announces details of its currency Cryptocurrency recorded red trading as Bitcoin dropped after close to $ 95,000 and Litecoin is looking to enter this week even though the 4th Codes are currently stuck in a strong bearish trend after peaking on June 12.

At the time of writing, LTC dropped 3.01% against the US dollar and lagged behind Bitcoin by another 3.27%. Volume also showed a significant decline last week, as the rise of Bitcoin currency to more than 9 thousand dollars to withdraw investors from the Cryptocurrency core.

Bitcoin, which was on a strong recovery path from its low in 2018, reached an important benchmark on May 27, but then retreated.

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  •  Bitcoin, the largest encryption, rose 2.55% to $ 9,155
  • Litcoin jumped 1.03% to $ 135.006
  • Ethium dropped 2.8% to $ 267.72
  • While XRP fell 0.09% to $ 0.44.

Bitcoin reached a new high in 2019, surpassing the $ 9,000 level for the first time in more than a year. Looking back at the beginning of the year, Bitcoin is now 150 per cent stronger. The recent price increase may be affected by reports that Facebook is set to launch its encrypted currency very soon.

Facebook unveils Libra Cryptocurrency

Facebook Inc. On Tuesday for its blockchain currency called Libra. In a press release, Facebook said it was also establishing Calibra, a financial services company that would allow people to access the Libra network. Calibra and its accompanying digital portfolio will be used to use and spend the balance, and is expected to be launched in 2020.

"The wallet will be available in Messenger, WhatsApp, and as a separate application," Facebook said. Calibra will use all checks and fraud control used by banks and credit cards. Calibra will not share account information or financial statements with Facebook or any third party "without the customer's consent."

Earlier, technical media reported that Facebook would launch its own encrypted currency during the month, amid rumors of intense contacts with financial institutions and other technology companies that may help to rule the Cryptocurrency. Even so, the Libra has been declared a "limitless currency without transaction fees", which will target developing countries where government-backed currencies are more volatile.

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