🗞 Daily Crypto News, June, 17th💰

Above $9.3K: Bitcoin’s Price Prints 13-Month High;
Concerns Over Facebook Data Use Derailed at Least 3 Crypto Partnerships ;
Bitmain Lawsuit Seeks Millions from Staffers Who Founded Rival Mining Pool ;
5 South Korean Crypto Exchanges Take On New Responsibility for User Losses ;
South American Online Marketplace Working With Facebook on Crypto Project ;
📑 Daily Crypto Calendar, June, 17th💰
STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Above $9.3K: Bitcoin’s Price Prints 13-Month High

The price of bitcoin (BTC) hit a 13-month high above $9,300 on Sunday.

The leading cryptocurrency by market capitalization rose to $9,381 at 05:55 UTC – the highest price since May 10, 2018, according to CoinDesk’s Bitcoin Price Index.

BTC was last seen trading at $9,250 representing 6.4 percent gains on the day. On a month-to-date basis, the cryptocurrency is up 8 percent.

🗞 Concerns Over Facebook Data Use Derailed at Least 3 Crypto Partnerships

Facebook’s GlobalCoin project, also known as Project Libra, may face significant hurdles as the social media giant works toward a prospective launch.

Despite reports that Facebook is gearing up to reveal its new cryptocurrency as early as next week, a source with knowledge of Facebook’s operations said the project’s software has a long way to go until it can be used. Sources attribute the delay to blockchain industry incumbents being reluctant to work on a project that doesn’t appear to have the hallmarks of a true cryptocurrency.

One source estimated that early 2020 would be a more realistic timeframe for testing, so any imminent announcements would merely be forward-looking plans.

🗞 Bitmain Lawsuit Seeks Millions from Staffers Who Founded Rival Mining Pool

The Takeaway

Bitmain is suing three former employees who started Poolin, a rival to the chip manufacturer’s BTC.com mining pool.

The company is seeking $4 million in damages, alleging the Poolin co-founders violated their non-compete agreements; The former employees say Bitmain voided the non-compete by failing to pay them on time as agreed.

The case offers a rare window on Bitmain’s inner-workings and employment practices.

🗞 5 South Korean Crypto Exchanges Take On New Responsibility for User Losses

Five cryptocurrency exchanges in South Korea have increased their liability to users in line with demands from regulators. Local English-language news outlet The Korea Herald reported the news on June 17, citing Yonhap News Agency.

A year after the Fair Trade Commission requested Bithumb and four other platforms to adapt their policy, the companies will now hold themselves accountable in the event of user funds being stolen.

The onus for paying out will lie with the exchanges even if no willful or gross negligence occurred on their part, The Korea Herald stated.

🗞 South American Online Marketplace Working With Facebook on Crypto Project

South American online marketplace Mercado Libre is working with Facebook on the social network’s Libra cryptocurrency project, Cointelegraph Brazil reports on June 14.

A MercadoLibre executive told Cointelegraph Brazil that the purported cryptocurrency will be integrated into the e-commerce platform as a form of payment. While the anonymous executive confirmed the partnership, further details were not forthcoming.

The executive stated that it was likely the company would operate as a node in Facebook’s purportedly forthcoming blockchain network.

Mercado Libre is one of the most popular e-commerce platforms in South America with operations in 19 countries.

📑 Daily Crypto Calendar, June, 17th💰

NKN (NKN)

"Our testnet token (tNKN) to ERC-20 $NKN token swap tool will be postponed... in order to ensure full technical support."

IoTeX (IOTX)

First network Token

Zebi (ZCO)

Bitbns-ZCO Contest. The contest runs from June 9th to June 17th, 2019.

aXpire (AXPR)

Burn of 10,000 AXPR for week 25 of 2019. May be more than 10,000 if MatchBX fees are also burnt at this time.

Kambria (KAT)

Vietnam AI Grand Challenge online event with $40,000 in prizes. Registration deadline is June 16.

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

We are currently testing the resistance line at 0.41$ and it looks very difficult to break it again. We are having big candle UP and big candles Down. Let's see who will win but for sure we start to have volatility on the STEEM which is at least a good sign.

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