Bitcoin Hits New 2019 High Climbing Past $9,200, Facebook To Launch Crypto - June 17th Crypto News

  • Crypto
  • 02:49
  • 2019-6-17
  • 2019-6-17

Today Bitcoin hit a new 2019 high, surging past $9,200. This day last year the price of Bitcoin was only around $6,500. We saw Bitcoin start off 2019 on a negative note, at under $4,000. But we saw it start on an upward trend in April, and over the past few weeks we continue to see it skyrocket hitting new 2019 highs. The price was boosted by At&T announcement that it is the first mobile carrier to accept cryptocurrency payments as part of its collaboration with BitPay.

According to a report in the Wall Street Journal today, the digital coin is expected to launch next year. It will be called Libra and facebook has signed up paypal, mastercard, visa, and uber to back this project. Last month the Wall Street Journal reported that Facebook has apparently already been working on this in secret for over a year and has been in talks with financial companies and online merchants trying to establish partnerships. Facebook hopes to launch a digital coin that its users can transfer to other users and spend on Facebook and other places.

Now let’s see what else is happening in the crypto world. On Friday cryptocurrency exchange Binance announced a partnership with BAM to launch trading services in the US.

Binance’s CEO said, “Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.” On Friday,Binance also updated its terms of use blocking customers in the US, stating, Binance is unable to provide services to any U.S. person. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion. And today, Binance announced on its blog that it is launching tokens on Binance Chain that will be pegged to leading cryptocurrencies. This will start with a Bitcoin-pegged token that will be traded on Binance and proposed for trading on Binance DEX.

Please remember this is news, not investment advice.