Crypto News - Bitcoin Price, Vechain, Twitch and Facebook's Libra
Market situation
It has been a mixed bag since Bitcoin has been doing well while altcoins struggling again.
Current prices:
BTC = around $12.2k (+10%)
ETH = around $290 (-1%)
XRP = around $0.35 (-11%)
EOS = around $5.28 (-11%)
LTC = around $106 (-11%)
IOTA = around $0.36 (-9%)
XLM = around $0.09 (-10%)
BNB = around $31 (-3%)
XMR = around $95 (+8%)
VET = around $0.007 (-11%)
Even with the correction the sentiment seems to be bullish with Bitcoin with majority of traders expecting uptend in the upcoming months with few corrections (around 30%). Altcoins is a different story with faith in them being very low. People expect alt season but noone knows when it will come.
Vechain Walmart x PWC
On 25th of June Chinese arm of the U.S. supermarket Walmart said it has teamed up with blockchain project VeChain, PwC and others on the initiative, which comes as the latest in a line of food tracking projects launched by the firm.
The new Walmart China Blockchain Traceability Platform already has 23 product lines tested and listed with another 100 planned by the end of the year across 10 product categories including fresh meat, rice, mushrooms, cooking oil and more.
By scanning the products with a smartphone, Walmart China customers can access detailed information, such as the source of the tracked products and geographic location, the route the product took to the supermarket, product inspection reports and more.
The activity on the Vechain platform has increased significantly recently which would indicate real life usage which is great for the platform.
Twitch Bitcoin & Bitcoin Cash
On 25th of June it was reported that Amazon-owned, leading game streaming platform Twitch has enabled BBitcoin (BTC) and Bitcoin Cash (BCH) payments again, something they have disabled in the last few months.
Bitcoin and bitcoin cash can be found as payment options in the section dedicated to the less common payment methods of the subscription payment page. The renewed enabling of those coins as payment options has not been announced on the company’s blog or in a press release.
They do not accept Bitcoin/Bitcoin Cash directly but instead the platform is using BitPay is a bitcoin payment service provider headquartered in United States. Still the news is good for cryptocurrency because the more applications we can see the better.
Facebook and democrats
On 2nd of July a group of Democrats on the House Financial Services Committee is calling on Facebook to halt its plan to develop a cryptocurrency-based payments platform.
The lawmakers, whose panel will hold a hearing later this month on Facebook’s Project Libra, wrote a letter to company executives Tuesday expressing concerns with the cryptocurrency’s security and oversight while stressing the need to protect users' privacy and protect them from hackers.
Based on what they said: “If products and services like these are left improperly regulated and without sufficient oversight, they could pose systemic risks that endanger U.S. and global financial stability." it is obvious that they view Libra as a threat to the Dollar and want to ensure that Libra can be regulated.
