Weekly Crypto Report (17-23 June) | What Happened This Week in Crypto


Here you will know about the weekly crypto report of last week regarding bitcoin and other cryptocurrency events happened all around the world.

1 Bitcoin Breaks $10,000 Ethereum Breaks $300

Bitcoin breaks the biggest psychological resistance of $10,000 in a single attempt. Bitcoin is now looking at $11,000 mark and trading at $10,900 (at the time of writing). Bitcoin gains 11.32 percent today and top cryptocurrencies follow the steps. 

2 Facebook Published The Libra Cryptocurrency Whitepaper

The Largest Internet Company Facebook published the Libra Cryptocurrency whitepaper for its Blockchain based Project

3 Ripple Announced Partnership With Moneygram

The world’s third largest cryptocurrency firm Ripple has announced a partnership with the international transfer giant Moneygram. Ripple invests $50 million in exchange equity for the period of 2 years and Moneygram is agreed on using the XRP coin in international transfers. Ripple will become Moneygram’s official partner for foreign exchange and cross border payment 

4 Facebook Announced Libra Cryptocurrency Wallet Calibra

The Internet Giant Facebook announced the cryptocurrency wallet named as “Calibra” for its new cryptocurrency Libra 

5 Facebook Libra Coin is Stopped by U.S Congress

Facebook has launched the whitepaper of its first cryptocurrency project Libra, and regulators start pulling the project down. A report shows U.S. Senate-House lawmakers asked to cease all developments of the Facebook Libra coin project until a company executive passes the project before the U.S Congress.

6 Binance Launched Bitcoin Pegged Token (BTCB) on Binance Chain

Largest Cryptocurrency exchange Binance launched the Bitcoin pegged token (BTCB) on the binance chain for trading on binance DEX reported on 17 June 2019. Binance reported that they are also working to issue a number of crypto-pegged tokens on Binance Chain (BEP2 token format) with time, but for now, they just launched a BEP2 token

7 Bitcoin Hash Rate Hit New All-Time High

Bitcoin hash rate (total computing power of the network) makes a new all-time high this week, as per the data gave by Blockchain.com on 19 June. Today Bitcoin makes a new high of 2019 and very close to break the psychological barrier of $10,000. 

8 Facebook Crypto Hearing Against Senate Banking Committee on 16 July

The Banking Committee of United States Senate set the hearing on Facebook Crypto coin on 16 July published in a report on 19 June. The world largest social media firm Facebook has launched the whitepaper of its crypto project Libra on 18 June. 

9 E-Commerce Giant Mercado Libre Partnered With Facebook Cryptocurrency Project

South American E-Commerce Giant Mercado Libre announced the Partnership With Facebook Cryptocurrency Project backed by Libra Association reported on 14 June 2019. Mercado Libre is the biggest e-commerce marketplace that provided its services in 19 countries of South America.

10 Bitmain IPO Plan Revives as Bitcoin Hits One Year High Price

Chinese Crypto Mining Chip producing Giant, Bitmain Technologies Ltd., plans to revisit its plan for an initial public offering (IPO) as Bitcoin price surges, as per the report via Bloomberg on 21st of June. Previously, the company had purportedly failed to list an (IPO) on the Hong Kong Stock Exchange Market because of some reasons,

11 Facebook Libra Coin is Not Legal in Russia: Official Report

Anatoly Aksakov, Chairman of Russian State Duma said that the upcoming cryptocurrency Libra will not be legalized in Russia, published in the government-backed newspaper agency TASS on 18 June. Aksakov stated that Facebook Libra coin that will launch in 2020 will not be legal in Russia because the cryptocurrency posses a threat to the financial …

12 Tron Announce MainNet Upgrade for Better Security

Tron has announced a mainnet upgrade for Tron blockchain Odyssey, the Blockchain will be upgraded to version 3.6 announced in an official blog post on 18 June. Tron network is a platform to develop decentralized apps (DApps).

13 Now Bitcoin Has More Than One Million Active Addresses Daily

Now Bitcoin has more than one Million active addresses on a daily basis reported on 14 June 2019. On 15 June, this info of the current number of daily bitcoin active addresses at on-chain was reported by a Twitter user named Kevin Rooke. Currently, Bitcoin hit a new all-time high of 2019 by breaking $9000

14 Largest Palladium Miner Integrated Blockchain Technology

The world’s largest palladium miner Norilsk Nickel (Nornickel) has integrated the blockchain technology into their company processes reported on 22 June 2019. According to the report, The palladium miner company partnerships with the Hyperledger project as well as with some other big companies like Microsoft, Salesforce, Gloscad, and Milligan Partners.

15 Alior Bank Of Poland Used Ethereum Blockchain To Validate Customer’s Documents

Warsaw-based Alior bank of Poland announced to use Ethereum Blockchain in order to validate customer’s documents reported on 17 June 2019. As per the report, The customers can validate the documents received at Alior bank by following a website link to its spot on the public blockchain. 

16 Samsung Working On Collaboration With Companies on Blockchain, 6G, And AI

Multi-national South-Korean Company Samsung is Working On collaboration with platform companies on 6G mobile networks, blockchain technologies, and artificial intelligence reported on 16 June 2019. According to Bloomberg’s report, The vice chairman, Jay Y. Lee attended a meeting with Samsung executives in order to examine the potential collaborations with platform companies on blockchain technologies, 6G …