This Week in Cryptocurrency: May 3rd, 2019

It’s a good Friday…so far. The majority of the top 100 coins are in the green, a handful of which are in double digits, which is a refreshing sight after the past few months.

As of writing, Bitcoin is up 10.35% on the week, Ethereum 9%, XRP 5%, Bitcoin Cash 11%. Other big winners include Cosmos (40%), ABBC Coin (26%), Clams (22%), and CasinoCoin (38%).


Facebook Seeking Supporters for Its Potential Cryptocurrency Service: The Wall Street Journal reported that Facebook is currently “recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system.” This is a part of a blockchain initiative Facebook’s team internally calls “Project Libra,” and it’s expected Facebook will create a stablecoin supported by fiat. With 2.38 billion monthly active users in the first quarter of 2019, Facebook is poised to make some major waves in crypto and general finance. “Payments and commerce are Facebook’s only way out from its freemium, advertisement business model,” commented

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Source: https://thebitcoinnews.com/this-week-in-cryptocurrency-may-3rd-2019/