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  • Writer's pictureAshley Pugh

#Litecoin rising....

The market has continued to grow to just over $253.5B (7th June 8am BST), in the last 24 hours.

Bitcoin (BTC) is now around $7992.50 , after just over 1% growth . Most coins have shown a slight gain, with Litecoin, (LTC) , leading the pack with over 8.5% growth to over $113 after news of its hash-rate hitting an all time high. The new Ant miner L5 is due for release soon and being hailed as a 'game changer'

(See market snapshot section of our website for up to the minute key metrics)

In the news today:

- From Coin Telegraph - Over 100 Staff Now Reportedly Working On Facebook’s Crypto Project

More details are now emerging regarding high-level executives for social media giant Facebook’s crypto project, according to a report by CNBC on June 6.

According to the report, there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Facebook is also reportedly not done hiring, with over 40 openings still available in the team’s business unit, as per its website listing.

- From Techcrunch - Facebook plans June 18th cryptocurrency debut. Here’s what we know

Facebook is finally ready to reveal details about its cryptocurrency codenamed Libra. It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics, according to a source who says multiple investors briefed on the project by Facebook were told that date.

- From Coindesk - EOS Startup Block.One Is Using Its Billions to Buy Back More Equity, the company that built the EOS blockchain, is in the middle of another equity buyback in order to bring on more strategic investors, a source familiar with the matter told CoinDesk.

The company has previously conducted equity buybacks in order to resell those shares to new investors that it sees as helpful to its business, the source explained.

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