Bitcoin to hit $60,000, says hedge fund CEO – June 19

Current Bitcoin Price: $6678 (as of 9:20 AM PST)

There’s green across the board today: all top 10 cryptocurrencies are up by at least a few percent, and only a small handful — eleven, to be precise — of the top 100 are in the red (notably, Binance Coin is one of them.)

TRON is a big mover today — up by over 15% — along with Ethereum (up 6.47%) and Nano (up 6.08%). That leaves Ethereum at $536 to the piece, in comparison to Bitcoin’s $6678…

Top Bitcoin & Crypto News Stories for 19th June 2018

Bitcoin to hit $60,000, says hedge fund CEO

Phillip Nunn is a British entrepreneur and CEO of Blackmore Group, a Manchester-based investment fund. He’s been a known cryptocurrency proponent for years, too.

Talking to Business Cloud, Nunn revealed his belief that in 2018, Bitcoin will skyrocket up to $60,000 — after it first falls to below $6000. The first half of the prediction has come true, but will the second?

Square gets permission to trade cryptos in NYC

New York regulators put a blanket ban on cryptocurrency exchanges not too long ago, and since then they’ve been selectively distributing licenses to a few firms.

Payment provider Square have been approved for cryptocurrency trading — as of Monday this week — which means they can now allow users to trade cryptocurrency through their popular app.

Paris Hilton’s father to auction $38 million mansion for crypto

Paris Hilton’s father — Richard, or Rick, Hilton — is a hotel and real estate mogul worth an estimated $300 million. He’s also the father of pop personality Paris Hilton.

Richard has just made the move to auction off his £38 million Rome mansion — Palazetto —  for cryptocurrency. Hilton says that the “auction shows real estate’s growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset.”