Bitcoin and other Cryptocurrencies

Facebook recently revealed the breakdown of Libra cryptocurrency fiat basket; in other words, the percentage of different currencies with which it will back its soon-to-launch Libra digital coin. The media giant has decided that 50% of Libra’s supporting fiat basket will be covered by the USD that will be used to target the US market. Meanwhile, the other half will divided between the EUR, with 18%, 11% for the GBP, 7% for the SGP, and the JPY with 14%. The obvious missing suspect is the Chinese Yuan.

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The crypto markets have enjoyed widespread gains today. Will this recovery last?

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Facebook’s global currency, Libra, is ‘another’ payment system – ie, a better version of Paypal, but not a liberating currency like Bitcoin and other major cryptocurrencies.

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The souls that operate maritime shipping operations have been described as “Optimists of the First Degree” as the level of global trade is impacted by Trumps China tariffs and the gloomy forecasts for global economic growth resonate.

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Litecoin prices declined in September, amid profit taking and development concerns. Will the altcoin rebound in the coming months?

Litecoin prices declined in September, enjoying notable gains earlier in the month and then falling sharply as traders sold off the altcoin (cryptocurrency other than bitcoin). “After a meteoric rise in value this year, Litcoin has been consolidating in recent months due to profit-taking and the generally poor performance of crypto assets since July,” said Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital.

In addition, the digital currency markets suffered a “huge sell off” toward the end of September, which “caused a lot of people to dump a lot of tokens at that exact time,” said Tim Enneking, managing director of Digital Capital Management. Litecoin was “crushed” in this sell-off, which “affected every major token in the space,” he stated.

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Bank of Ireland (BOI) employees refused to testify against the OneCoin alleged crypto scam.

According to a court letter filed earlier this week the US government is having difficulties to secure voluntary testimonies from four BOI executives, who are allegedly involved in the matter.

US has opened new criminal proceedings against OneCoin, accusing them of a 300 million USD money laundering scheme.

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Bitcoin fell to nearly $6,600 today, its lowest in more than six months. Will the cryptocurrency suffer further downside in the coming days and weeks?

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Bitcoin is trading within a channel pattern that is helpful to watch to understand its next move.

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Bitcoin prices have been suffering from malaise lately, experiencing little volatility. When will the cryptocurrency break out of its current range?

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