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‘Facebook Coin’ Reportedly Coming in First Half of 2019

  • Alex Morris
    📰 News

    The New York Times reports that Facebook is already in talks with cryptocurrency exchanges about selling the coin to customers


‘Facebook Coin’ Reportedly Coming in First Half of 2019
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Facebook Coin could be launched much sooner than expected. According to a recently published New York Times (NYT) report, which cites multiple anonymous sources, Facebook employees are already shopping the coin to cryptocurrency exchanges while ‘trying to get the product out in the first half of the year.’        


2.7 bln users

Back in December, Bloomberg published a report, which reveals that the social media giant plans to roll out a stablecoin for WhatsApp. However, the NYT reveals that the company plans to integrate the cryptocurrency into two of its other major properties – Instagram and Messenger, which would give the coin an unprecedented level of exposure. The audience of the three aforementioned apps reaches 2.7 bln monthly users.

Control issues

As of now, very little is now about Facebook’s much-hyped foray into crypto, including the level of control that one of the most valuable companies in the world will retain over its cryptocurrency. If Facebook wants to place emphasis on decentralization, which is the whole point of Blockchain technology, it will harder for them to profit off their project.

A hiring spree

Facebook’s Blockchain team is currently expanding, and now they have multiple job offerings in that niche. The social media behemoth launched a team for exploring Blockchain technology back in May with David Marcus spearheading the effort.

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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