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It’s not only regulators that are hampering Facebook’s crypto party. Now, somewhat ironically, the social media giant is dealing with Facebook Libra impersonators as well.Fake Facebook Libra Ads Surge As if Zuckerberg and his team didn’t have enough to contend with as governments around the world..
Fundstrat Lead Analyst Thomas Lee shared his worst nightmare on Twitter and it involved the U.S. President placing a ban on Bitcoin. Is Libra Dragging Bitcoin Down? As the US Congress and Senate hearings on Facebook’s Libra cryptocurrency wrapped up, members of the Trump administration shifted the..
Now that the U.S. Congress and Senate have finished their hearings with Facebook, U.S. Treasury Secretary Steven Mnuchin has set his regulatory sights on Bitcoin. Increased Regulation on the Table Again It appears that the aftermath of the US Congress and Senate Banking Committee’ hearings on Face..
Bitcoinist Senior Analyst, FilbFilb, believes that the basic rule of supply and demand will prevent Bitcoin from dropping to a new 2019 low. FUD to Drive Bitcoin to a New Bottom? Bitcoin’s most recent price action has presented a plethora of challenges to cryptocurrency traders, and the drop below..
On Wednesday, Representative Warren Davidson suggested that Facebook Libra’s lack of decentralization placed it in the same category as other run of the mill sh*tcoins. Libra is Not a Cryptocurrency Events took a somewhat unexpected twist during today’s congressional hearing on the potential impac..
House GOP Leader Kevin McCarthy says he “likes Bitcoin” and suggested that the government should “start using blockchain”. Is Facebook Building a Shadow Bank? Since revealing the concept for it’s new Libra cryptocurrency, Facebook has again become a topic of deep discussion and contention. Various..
On July 11 President Donald Trump tweeted that Bitcoin, Facebook’s Libra and all other cryptocurrencies are basically rubbish when compared to the US dollar. Now Tom Lee has a response. Bitcoin: A Store of Value or the Choice Asset of Criminals? Earlier this week the US Federal Reserve Chairman Je..
The allure of Facebook’s Libra project has the Winklevoss twins willing to mend their fractured relationship with Mark Zuckerberg. Let’s be Friends Again Tyler and Cameron Winklevoss, both co-founders of the New York-based Gemini cryptocurrency exchange, appear to be offering an olive branch to Fac..