Facebook GlobalCoin Details Accidentally Shared; Costly CLAM Crash for Poloniex Traders

The top daily news from the cryptocurrency and blockchain space:

  • Facebook executive accidentally shares the GlobalCoin whitepaper details.
  • ‘Severe price crash’ sees Poloniex incur mass margin loan defaults.
  • Five government enforcement agencies cracking down on cryptocurrencies.

At the time of writing, bitcoin (BTC) and ether (ETH) are trading at $7,805.7 (+0.1%) and $246.9 (+0.6%), respectively. As for the MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,879.1 (+1.0%).

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Facebook Exec Mistakenly Shares Key GlobalCoin Details

Per reports from German magazine WirtschaftsWoche, Facebook’s head of financial services and payment partnerships for northern Europe, Laura McCracken, let slip key details of the social media giant’s not-yet-launched cryptocurrency.

Talking to a reporter at Money20/20 Europe earlier this week, McCracken revealed the whitepaper of Facebook’s much-discussed cryptocurrency will be published on June 18. The cryptocurrency itself, she went on to detail, will be pegged to a basket of currencies

... read more at: https://www.cryptoglobe.com/latest/2019/06/facebook-exec-spills-more-globalcoin-details-costly-clam-crash-for-poloniex-traders/