Institutional investors buy cheap bitcoin, it will be possible to send cryptocurrency via email, and Facebook confirm the date of Libra’s launch
Institutional investors bought cheap bitcoin
According to the Bakkt exchange, volumes of future trading increased by 74% when bitcoin’s price dropped to $6,500. Investors make use of the low price of the cryptocurrency and launched 6601 contracts for the total of $47 million.
Trading volumes have been growing for the fourth day in a row on the platform.
Facebook confirmed the date of launching its cryptocurrency
Libra Association still plans to launch its digital currency in 2020, Patrick Ellis, a board member of the consortium, said. According to him, the exact date will be known after regulators’ approval. Ellis also added that there are not set plans how to implement the project yet.
“At this stage, there is no strategy set in stone for the markets or the product, or how it will actually get rolled out,” — Ellis said.
Bitcoins can be sent to an email address
Coinbase CEO Brian Armstrong has been granted a patent for an invention that allows sending bitcoins at an email address linked to a corresponding wallet address.
The sender makes a request to send cryptocurrency to an email address, and the system automatically transmits the agreed amount — so long as they have the required balance — from the sender’s wallet to the wallet corresponding to the receiver’s email address.
The sender makes a request to send cryptocurrency to an email address, and the system automatically transmits the agreed amount from the sender’s wallet to the wallet corresponding to the receiver’s email address.
The system takes 48 hours for the transaction to clear, once the receiver has confirmed the payment. Cryptocurrency will be stored in a secure vault that can only be accessed by the email address linked to the corresponding wallet. Transaction fees will be paid for by the exchange itself.