Barclays: Facebook’s Cryptocurrency Could Generate $19 Billion in Additional Revenue by 2021

British multinational investment bank Barclays sees some serious upside for social media giant Facebook’s cryptocurrency. The bank forecasts a whopping $19 billion in additional revenue from this initiative, alone.  Barclays Bullish on ‘FaceCoin’ Ross Sandler, an internet analyst at Barclays, said in a note to clients on Monday that Facebook’s reported cryptocurrency could generate as much as $19 billion in additional revenue by 2021. As Bitcoinist reported in late 2018, the social media mogul is reportedly working on a stablecoin to allow WhatsApp users to transfer money. The company’s initial focus is…

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Switzerland’s National Exchange is Listing an XRP Investment Product

SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, could list an XRP Exchange Traded Product soon. This was made known in a report in BlockCrypto, on Monday. The XRP ETP, which is floated by Swiss crypto startup Amun AG, will be launched under the “AXRP” ticker. The exact launch date of the XRP ETP is unknown, but buyer interest will play a part in the upcoming ETP. Amun also announced a $4 million funding round from Boost VC founder Adam Draper, son to Bitcoin bull and VC Tim Draper…

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Bitcoin (BTC) Price Watch: Key Reversal Could Trigger Additional Losses

Bitcoin price failed to hold the key $3,860 support and traded lower against the US Dollar. The price even broke the $3,840 support and settled well below the 100 hourly simple moving average. There was a break below a crucial ascending channel with support at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate declines if there is a break below the $3,800 support area. Bitcoin price is under pressure below the $3,860 support against the US Dollar. BTC could reverse gains…

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