Crypto Prices Gain; Ex-Trump Advisor Gary Cohn Predicts “Global Cryptocurrency” By Investing.com


© Reuters. Cryptocurrency prices were mostly higher on Monday

Investing.com – Cryptocurrency prices were mostly higher on Monday, with Ethereum and Ripple gaining more than 3%, but Litecoin slipped.

was trading at $8,424.0 by 12:02AM ET (04:02GMT) on the Bitfinex exchange, edged up 0.1% over the previous 24 hours.

, the world’s second largest cryptocurrency by market cap, gained 3.4% at $699.99 on the Bitfinex exchange.

’s XRP token climbed 3.5% higher to $0.69896 on the Poloniex exchange.

Meanwhile, slipped 1.5% to $137.81.

Gary Cohn, a former Goldman Sachs executive and an ex-Trump advisor, said “the world will have a global cryptocurrency at some point.”

“I’m not a big believer in bitcoin, I am a believer in blockchain technology. It will be a more easily understood cryptocurrency,” Cohn added. “It will probably have some blockchain technology behind it, but it will be much more easily understood how it’s created, how it moves and how people can use it.”

Separately, reports that Facebook could potentially be developing its own cryptocurrency raised some eye brows, after David Marcus, the former head of Facebook’s Messenger team, moved on from his position to set up a new team looking at blockchain technology.

“After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge. I’m setting up a small group to explore how to best leverage Blockchain across Facebook (NASDAQ:), starting from scratch,” Marcus said in a note on Facebook.

Media reports have since then been claiming the social network is looking into the possibilities of creating its own cryptocurrency, although reports also cited people familiar with the matter who said Facebook does not have currently have plan for a initial coin offering (ICO).

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