Today’s top news from the cryptocurrency and blockchain space:
- Top crypto-regulation advocate predicts impact of Facebook’s cryptocurrency.
- Sparkster’s SPRK token goes live on exchanges at only 10% of its ICO price.
- Bittrex to disable support for 32 cryptocurrencies for U.S. customers.
At the time of writing, bitcoin (BTC) and ether (ETH) are trading at $7,954.79 (2.35%) and $242.21 (1.84%), respectively. The MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,861.18 (+4.47%).
Top Crypto Spokeswoman’s Facebook GlobalCoin Prediciton
Caitlin Long, a former Wall Street executive actively pushing for cryptocurrency- and blockchain-oriented regulations, shared six predictions about the ramifications surrounding Facebook’s forthcoming GlobalCoin stablecoin.
Among the predictions shared by Long – who has been a driving force behind the U.S. state of Wyoming’s establishment of a crypto-friendly regulatory environment – was that developing economies will be significant beneficiaries of Facebook’s GlobalCoin.
In terms of how the social media giant’s stablecoin launch will impact bitcoin (BTC), Long was optimistic; tweeting her belief that Facebook “will pull more users into #BTC (sic) whether it intends to or not.”
1/ 6 PREDICTIONS about what @Facebook's #cryptocurrency means. Grab the popcorn bc I analyzed publicly disclosed info to make 6 predictions, of which 2 will be controversial (#2 and #6). @ForbesCrypto #Libra #bitcoin https://t.co/6EI55eyvUA
— Caitlin Long 🔑 (@CaitlinLong_) June 9, 2019
Sparkster’s SPRK Debuts at 90% Loss
Sparkster, a blockchain project that completed a $30 million initial coin offering (ICO) in July 2018, unlocked its SPRK tokens yesterday. After selling for $0.17 (USD) per token during the ICO, SPRK debuted on multiple cryptocurrency exchanges for roughly one-tenth of its price; a 90 percent loss for those who invested almost twelve months ago.
Bittrex Latest to De-List Cryptocurrencies for U.S. Traders
Major cryptocurrency exchange operator, Bittrex, announced it will disable support for thirty-two listed coins for customers based in the U.S. Effective on June 21, the U.S.-based exchange stated in a blog post that:
U.S. Customers will be sent an email communication from Bittrex that provides guidance on what they can and cannot do with their affected Tokens/Coins in connection with this change before an affected market is no longer available.
Among the cryptocurrencies set to be disabled on Bittrex – and transitioned to Bittrex International – are Storj (STORJ), Gifto (GTO), and Enigma (ENG).
Bittrex’s decision comes only a few weeks after fellow U.S.-based exchange, Poloniex, stopped offering nine cryptocurrencies to domestic customers due to regulatory uncertainty.