Top stories in the Crypto Roundup today: Facebook’s David Marcus addresses ‘misunderstandings’ about Libra, Liquid crypto exchange to sell Telegram’s unreleased GRAM token and Cardano Foundation to help establish cryptocurrency regulatory guidelines.

At the time of writing, bitcoin (BTC) is trading at $10,912.95 (-6.87%) with a daily volume of $4.86 bn, while ether (ETH) is trading at $284.44 (-3.68%) with a daily volume of $1.66 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 4,373.86 (-3.98%).

Facebook’s David Marcus Addresses ‘Misunderstandings’ About Libra

Facebook’s head of Libra and wallet Calibra, David Marcus, took to Facebook to address “a number of questions and a few misunderstandings” about the cryptocurrency and blockchain project.

Largely prompted by concerns voiced by regulators around the world, the post pushed back against those claiming Libra is not independent from Facebook itself. “Bottom line: You won’t have to trust Facebook to get the benefit of Libra,” he emphasized.

Marcus also confirmed that he will testify in front of the Senate Banking Committee and the House Financial Services Committee with regard to both Libra and Calibra in the coming weeks.

Liquid Crypto Exchange to Sell Telegram’s Unreleased GRAM Token

South Korea-based Gram Asia is selling a portion of its unreleased Gram (GRAM) tokens on the Liqiud cryptoasset exchange at $4 per GRAM.

According to Liquid’s website, users “will be able to buy Gram tokens starting from July 10 2019, 8am UTC, until an end date to be announced at a later time.” GRAM will be able to be purchased using both USD or the stablecoin USD Coin (USDC).

GRAM is the native utility token of Telegram’s blockchain network project - Telegram Open Network (TON). It is designed to be “fast, secure, scalable and capable of handling millions of transactions per second.” Liquid’s website describes TON as a competitor to Ethereum as a smart contract platform.

Cardano Foundation Joins GDF to Help Establish Cryptocurrency Regulatory Guidelines

The Cardano Foundation, one of the three bodies stewarding the development of Cardano (ADA), has joined London-based industry body -  Global Digital Finance (GDF) -  so it can help establish regulatory guidelines for the cryptocurrency space. GDF is an industry member body that aims to promote best practices in the crypto industry through the adoption of conduct standards.

According to the announcement on the Cardano Foundation's website, the body decided to become a “member of a number of GDF working groups – Custody, KYC/AML/CTF, Stablecoin, Security Token, Market Integrity and Tax Treatments – thus, contributing to the improvement of market and conduct standards for crypto asset and digital finance participants.”

BitStarz - From Wishes to Riches

In the past week, Azrabah Wishes has been dishing out huge stacks of cash, with one winner making headlines for all the right reasons. Hot on the heels of collecting a mouthwatering €752,450 from a single spin, the same player then went many times better, this time making the most of the 15,000x max payout to land over $2.4 million. This jaw-dropping win shows that with Azrabah Wishes, your dreams really can come true!

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