Libra forms governing council, Bitcoin network transfers $1 billion for price of cup of coffee and Bitcoin is trading around 8.280 USD
Here is your daily overview of important, interesting and market moving crypto news.
Libra forms governing council
Despite big payments- and commerce-related firms including Mastercard, Visa, eBay, Stripe and PayPal, leaving the Libra Association, the association is remaining optimistic about the project.
The consortium’s 21 members formed a five-member board that comprises of Facebook’s David Marcus, representatives from non-profit Kiva Microfunds, PayU, venture capital firm Andreessen Horowitz and Xapo Holdings Limited.
Bitcoin network transfers $1 billion for price of cup of coffee
The CEO of cryptocurrency exchange Bitstamp has highlighted Bitcoin’s utility after funds worth almost $1 billion changed hands for less than $4 in fees.
Bitstamp had transferred around 107,800 BTC of its funds to Xapo, paying a fee of 0.0234 BTC — or 0.0000217%. Bitstamp CEO Nejc Kodrics summarized: the funds “transferred in a single transaction for the price of a cup of coffee.”
Bitcoin is trading around 8.280 USD
Bitcoin was trading around 8.400 USD last weekend before experiencing Sunday’s price drop to approximately 8.150 USD. Currently, Bitcoin is trading around 8.280 USD.
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