Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, trendline support at 158 in sight
Regulatory Series on Cryptocurrencies: US-CFTC to Discuss Impact of Derivatives on Crypto-Asset in FinTech Conference
FxWirePro: Spotlight on US-China Geopolitical Turmoil - Trade USD/CNH Debit Call Spreads on Trade Negotiations
FxWirePro: Capitalize on USD/CAD Interim Dips, Short-Tenured Risks Reversals and 3m IVs to Optimize Hedging - Deploy Debit Call Spreads
Regulatory Series on Cryptocurrencies: US-SEC, CFTC, and FinCEN Heads Issue Joint Statements on Digital Assets For AML/CFT Obligations
Stable-Coin Series: Heads-up on Facebook's Libra Cryptocurrency
The cryptocurrency would be termed as ‘Libra’ and will be designed and developed on the Libra blockchain, as per the sources. Libra is reportedly a stable, scalable open source and the testnet is available on GitHub.
Most importantly, Libra blockchain implements LibraBFT consensus protocol, “a variant of HotStuff Byzantine Fault Tolerant consensus protocol.”
Of late, the interests in the trends of tokenization and stable coins are intensified as more and more.
Profoundly, stable coins in the beginning stage was a product that was quickly developed to answer the demand for digital asset trading, as well as to solve the controversies surrounding fiat trading regulations. We could foresee the prospects of stable coins when all countries could be clear and liberal in their regulations.
Currency Strength Index: FxWirePro's hourly BTC is flashing at 89 (bullish), hourly USD spot index is also inching at 89 levels (which is bullish) while articulating (at 12:00 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex