The US Senate Committee on Banking, Housing and Urban Affairs on July 16 will hold a hearing on the new Libra cryptocurrency being developed by Facebook.

A hearing entitled "Examining Facebook's Proposed Digital Currency and Data Privacy Considerations" was scheduled after calls from members of Congress to study the Libra project and its potential risks more carefully. There were even calls to stop the work on the project before the hearing.

Cryptocurrency analyst and BlockTV reporter Joe Saz believes that after the elimination of short positions on Bitcoin by $ 100 million, the growth of the first cryptocurrency can not be stopped.

"I think that this can keep going. There's nothing stopping it. I don't want to go too far into the clouds here, but there might have even been $100 million plus dollars in liquidations overnight…

I saw a lot of $10 million in short liquidations. So what does that mean? It means a lot of people were betting that we were headed down and they got completely smashed in the face. So I don't recommend to enter any short or long positions," the analyst emphasized. 

The chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, spoke about what needs to be done in the cryptocurrency industry before approving applications for a Bitcoin ETF.

According to Clayton, the industry is in dire need of high-end custodial solutions that would be approved by US regulators. In addition, you must ensure that there is no market manipulation.

Bitcoin analyst Oliver Isaacs expressed the opinion that the first cryptocurrency rate would reach $ 25,000 by the end of 2019.

"There are multiple drivers behind the recent resurgence. There are geopolitical, technological and regulatory drivers. The net effect of the trade war between the U.S. and China has led to the sudden interest in bitcoin as a hedge on investments," Isaacs said.

The Geco One platform generates synergies between the active parts of the market

A new trading platform for cryptographic assets will be launched in the coming weeks. Geco.one is aiming to be one of the complete platforms for digital trading. The competition is stiff, a technological sector that increases the benchmark continuously presenting advances every short space of time. Therefore, the trading platform presented by Geco One requires a special touch and first-rate features. A next-generation options menu will make it possible to trade inside PAMM services, futures trading, leverage, and both long and short positions from a single platform; offering control, simplicity, and diversity to the user.

Several sources close to Chinese business circles reported that the co-founder and former director of mining giant Bitmain Jihan Wu was preparing to launch a new company called Matrix.

Interestingly, the main client of Matrix will be Wu's former brainchild - Bitmain. Of course, now the new business is negotiating with other companies around the world. Matrix expected to offer custody and credit services, so the choice of Bitmain as a key client is quite reasonable. The mining giant generates a large amount of cryptocurrency that needs to be stored somewhere.

Today, we are presenting a project that will have an important impact, the launch of a token linked to gold mining rights. A talented team, with decades of successful entrepreneurial activities and hard work, presents the revolutionary TrueGoldCoin token.

May was very successful for the first cryptocurrency - the Bitcoin rate rose by 60%, however, Bloomberg analysts believe that the correction observed in recent days not ended.

According to analysts, GTI Vera Convergence-Divergence indicator, which tracks positive and negative trends, points to a continuation of the fall. For the first time since April, the indicator issued a signal to sell the first cryptocurrency.

Delphi Digital analysts said that in 2019, Bitcoin is the most profitable asset - in May of this year, the rate of the first cryptocurrency increased by 60%.

"The acceleration in BTC's performance comes at a time when conventional risk assets, notably global equity markets, continue to see selling pressure […]," analysts emphasized.

The largest cryptocurrency exchange Binance has transferred Bitcoins worth $ 1.26 billion from one wallet to another. The amount of commissions was only $ 124.6.