Tuesday, July 16, 2019

Crypto Tidbits: CBOE Pauses Bitcoin Futures, Tether Controversy, Stellar Lumens On Coinbase

This post was originally published here

Another week, another influx of intriguing pieces of crypto news. This week saw an array of interesting industry happenings, as the Bitcoin (BTC) price kept relatively flat. While there were some harrowing pieces of news, developments in this space were arguably positive overall.Comments issued to NewsBTC at Token2049 would confirm this sentiment. Like many others we spoke to, Justin Sun, the chief executive of Tron, expressed optimism, explaining that the growth of the Lightning Network, the impending arrival of the block reward reduction, and his company’s BitTorrent integration is why he expects for the coming year to be strong.Related Reading: Exclusive: Why Tron CEO Expects Bitcoin, Crypto Assets To Rally In 2020Crypto TidbitsBarclays Analyst Estimates Facebook to Net $19 Billion From Crypto Offering By 2021: Per CNBC, which cited research compiled by Barclays’ Ross Sandler, the Silicon Valley-based Facebook may stand to gain $19 billion in revenue by 2021 for the launch of Facebook Coin (FBCoin). Sandler explained that if worst comes to worst, the social media giant may ‘only’ net $3 billion revenues from the digital asset, a (centralized) cryptocurrency reported to be a USD-backed stablecoin for that social media ecosystem. This means that the Silicon Valley firm’s first consumer-facing blockchain product could be integral in the company’s future, which is now uncertain due to privacy concerns, executive departures, and the ever-present #deletefacebook movement.


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