A number of surveys have indicated that most US and UK adults couldn’t care less about Facebook’s so-called cryptocurrency. Not only do they suggest that people won’t bother to use Libra but that those surveyed remain understandably sceptical of the social media company following recent scandals. Some in the cryptocurrency space had lauded Facebook’s entry…
The fallout from last week’s US senate hearings on Facebook’s Libra project is still being felt across the crypto ecosystem. Many are blaming the social media giant for Bitcoin’s recent correction but in reality it is just part of the natural rhythm of the market. Bitcoin Back at Four Figures Following a week of consolidation…
All this week, the crypto market has been under a microscope both by politicians with regulatory power, and throughout the entire crypto community hoping to determine what long-term implications Facebook’s Libra will create for Bitcoin now that policymakers are up in arms over the asset class. Following a negative tweet from United States President Donald…
Sentiment across the United States pertaining to the crypto market is at an extreme low, despite Bitcoin rallying above $10,000 and kicking off what appeared to be yet another bull run for the bubble-bound crypto asset. The fear and panic stems from tweets originating from the United States President, Donald Trump, condemning crypto, Bitcoin, and…
Bitcoin (BTC) is crumbling The success of Facebook’s Libra instrumental for Bitcoin Under attack for their reckless past, the success of Facebook will be immense for cryptocurrencies and Bitcoin. Even so, privacy is prime. Safeguarding personal data is a top priority. At the moment, the secure BTC is stable, bouncing back after this week’s rout.…
The Japanese government has started developing a crypto payments platform similar to SWIFT according to reports. The effort has come as part of a wider spread initiative to combat money laundering. SWIFT Not So Swift According to Reuters, citing ‘a person familiar with the plan’, the international network for crypto currency payments will rival SWIFT…
Facebook has been grilled today at a Senate Banking Committee hearing over its cryptocurrency project Libra. As part of the hearing, a representative for the social media giant claims the firm has been in contact with a Swiss agency to oversea data protection and user privacy. However, it has emerged that the firm has not…
Today, the United States Senate Committee on Banking, Housing, and Urban Affairs held an open session to conduct a hearing on Facebook’s Libra – a hot button topic across the crypto industry and financial space currently. Recently, Libra has sparked an interest in not only just Facebook’s first foray into digital but it’s also caused…
A “discussion draft” bill set out to spell doomsday on the dreams of many financial technology projects is making rounds on Crypto Twitter. Unconfirmed yet unsettling, the “Keep Big Tech Out of Finance” bill proposes to “prohibit large platform utilities” from becoming a financial institution or getting affiliated with a person that runs a financial institution.”…
Billionaire tech entrepreneur Mark Cuban is not a big fan of Facebook’s recently-detailed cryptocurrency-of-sorts. He says there may be repercussions from despotic leaders around the world if citizens start to use alternatives to national currencies. Cuban joins an increasingly noisy chorus of regulators, bankers, and other organisations concerned about the social media giant’s financial ambitions…