Bitcoin passes $11,000 on news of Facebook's cryptocurrency plan

The price of bitcoin has surged above $11,000 (£8,600), its highest level in 15 months, amid renewed hype over cryptocurrencies after Facebook said it was planning to launch a digital currency next year. Bitcoin has risen in value by almost $2,000 in the week since the US technology firm revealed plans to create a cryptocurrency called Libra, in a move that could radically reshape the financial landscape with far-reaching implications for governments and central banks around the world.
 The original cryptocurrency had languished below $6,000 for much of this year and was falling out of the headlines as investors around the world gradually lost interest in the fad for digital assets.

Some investors had been severely burned by bitcoin when its meteoric rise to almost $20,000 in late 2017  which drew comparisons to the tulip mania of the 17th century was followed by a spectacular collapse last year.
 Stoking fresh fears of the reinflation of the bubble, bitcoin hit $11,116.65 over the we…


 Cloud Token is the world’s first social wealth wallet to integrate all blockchain cryptographic assets into one platform.
​ It is developed using the latest 4.0 blockchain platform technology, capable of performing cross-chain encryption exchange and payment from the famous encryption market AI arbitrage engine for manufacturers, e-commerce and other products.

Presentation video:

 Our goal is to provide our members with a focused social wealth generation ecosystem and become the de facto standard token for the blockchain industry.

NO 1 Infrastructure ​ Building the strongest infrastructure in the digital asset industry

NO 2 Service System ​ Providing the highest quality of safety and efficient service to owners of digital assets
 NO 3 Application Landing ​ Popularization of blockchain technology in all walks of life
 NO 4 Asset Management ​ Revolutionize the new era of digital economy with life, social and wealth m…

An Ambitious Litecoin Believer An Exclusive CoinNess Interview With Wang Xinxi

Litecoin (LTC) hit a fresh high of 143.19 USDT on Binance on June 12, reaching its highest level since May 21, 2018. The price has seen an approximately fivefold increase since the beginning of this year.
 The rising price has pushed the coin to fourth place among the top 100 cryptocurrencies, with a market value of more than $8.5 billion, followed by BCH and EOS.
 Considering the recent performance of LTC, its scheduled August halving may stir waves in the crypto world.
 In an exclusive interview with CoinNess, Litecoin Foundation board member and core developer Wang Xinxi sheds light on probable price and hashrate changes of LTC as well as the current situation of the Litecoin Foundation, which was co-founded by Wang and Charlie Lee in 2017. Background Story Wang was doing a Ph.D.

 program when he first learned about Bitcoin.
 It was only until 2011 that he began investing in the then-novel digital asset, diving into the crypto world.
 Two years later, Litecoin drew his attention wi…

Above $300: Ether Price Clocks 10Month High

The price of ethereum’s native cryptocurrency ether (ETH) surpassed $300 today to hit ten-month highs.
 The world’s second largest cryptocurrency by market capitalization climbed above the psychological hurdle at 01:10 UTC and extended gains further to $306  a level last seen on August 19, 2018.
As of writing, ETH is changing hands at $304, representing 9.7 percent gains on a 24-hour basis and 129 percent gains on a year-to-date basis, according to data source CoinMarketCap.

 Ether has more than doubled this year with the price currently reporting more than 260 percent gains on the low of $82.00 seen in December.
 The price, however, is still down 78 percent from the record high of $1,431 registered in January 2018.
 Further, the cryptocurrency has retraced meager 16 percent of the sell-off from $1,431 to $82.
 On the other hand, BTC has retraced more than 40 percent of the bear market slide and is currently trading at a 15-month high of $10,800.
 Looking forward, ether looks set to …

This father of three put everything into bitcoin. Here’s what happened next.

When I jumped on a WhatsApp call with 41-year old Didi Taihuttu, he was a few days away from joining his family on CoinBank’s annual Mediterranean “Blockchain Cruise”  a combination vacation getaway and crypto symposium at which all the movers and shakers in the decentralized finance arena get together to discuss a hypothetical future where government-printed money is rendered obsolete, dropping by Mallorca and Marseille along the way.
 According to Taihuttu, invitations to blockchain conferences and seminars have piled up ever since he liquidated almost everything he owned (yes, including his house and his cars) and invested his remaining capital in bitcoin.

 It’s a financial pivot that’s both irrational and dangerous to an outsider, but within the crypto nation, it can make you a legend.
 Taihuttu was born in the Netherlands, and before going all in on bitcoin, he ran a company that taught tech literacy to people in need.
 Today, though, he, his wife, and their three kids are in con…

Ripple (XRP) Price Approaching Key Supports: Can Bulls Regain Strength?

Ripple price started a downside correction after rallying towards $0.4630 against the US dollar.
 The price declined sharply and broke the $0.4400 and $0.4300 support levels.
 This week’s followed bullish trend line was breached with support near $0.4365 on the hourly chart of the XRP/USD pair (data source from Kraken).
 The pair is currently holding the $0.4200 support level and is trading near a key resistance area. Ripple price is currently struggling to hold gains against the US Dollar and bitcoin.
 XRP is likely to climb higher again as long as the $0.4200 support area is intact in the near term. Ripple Price Analysis Yesterday, we saw a sharp rise in ripple price above the $0.4400 resistance against the US Dollar.

 The XRP/USD pair even broke the $0.4500 resistance and rallied above $0.4600.
 Finally, a new weekly high was formed near $0.4631 and the price recently started a downside correction.
 There was a break below the $0.4500 and $0.4400 support levels.
 Moreover, the pric…

Austria Post Launches ‘Crypto Stamp’ Collectibles on the Ethereum Blockchain

Stamp collecting just entered the 21st century, as the Austrian Post Office unveiled its limited edition ‘crypto stamp’ collectibles, powered by the Ethereum blockchain.
 Send Your Stamp, Keep A Collectible Crypto Stamp
 A limited 150,000 unit run of five different stamps  black, red, blue, yellow, black  allows the owner to use a physical stamp, but then save its image in their wallet.
 According to a Reddit user, the distribution is as follows: 1,500 red stamps; yellow, 10,000; blue, 20,000; green, 40,000; black, 78,500.
The stamps retail for 6.90 Euro, meaning the entire project will bring in just over $1 million.

The “Crypto Stamp” is the first use case for non-fungible tokens launched by a government so far, making it a milestone.
 The pilot’s success will help determine the future for NFTs, which can now be issued across multiple Ethereum token standards.
 Recently completed ERC-1155 enables developers to issue vastly cheaper fungible and non-fungible tokens.
 The stamps use Ethe…