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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..
News China is the global leader when it comes to searching for “Facebook Libra” on Google one month after the release of Libra’s white paper. China keeping a close eye on Facebook’s LibraAs of July 18, China is the first in the list of countries googling of Facebook’s new cryptocurrency project, a..
Yesterday’s US Congress hearing was largely about lambasting Libra and Facebook’s financial global domination ambitions. A few other snippets emerged from the meeting, however, and not all are bad for bitcoin and the crypto industry. Libra Lambasted … Again The consensus of opinion from senators at..
News The Japanese government is attempting to spearhead the creation of a new, global cryptocurrency payments network that would be similar to SWIFT. Replace SWIFT with a global crypto payments network?Citing an anonymous source, a Reuters report published on July 18 claimed that the country’s pus..
It was Day 2 of Facebook’s Congressional Hearing. The pressure was on the social media giant to present a strong case to the House. A strong group that has never been a fan of the social media giant. After a rather grueling day of being questioned by the Senate Banking Committee, David Marcus, Faceb..
Bitcoin price has made a bit of a comeback over the past few hours to re-touch five figures again. It remains to be seen whether this is the beginning of a wider recovery but many analysts are still of the opinion that a four figure BTC is a giveaway. Bitcoin price made it back to $10,000 again a f..
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..
News New York Congresswoman Alexandria Ocasio-Cortez addressed the control of Facebook’s Libra cryptocurrency in today’s United States House Committee on Financial Services hearing. As per a recording of the event, provided by C-Span on July 17, Ocasio-Cortez addressed Calibra wallet CEO David Mar..
Recap The United States House of Representatives Financial Services Committee heard testimony from from Facebook’s David Marcus, today July 17. Marcus, the CEO of the Calibra wallet service for the social media giant’s forthcoming Libra stablecoin, attempted to assuage regulators’ concerns regardi..
News Jamie Dimon, CEO of global financial services firm JPMorgan Chase, argued that Facebook’s cryptocurrency project Libra does not pose a threat in the foreseeable future. As reported by CNBC, Dimon delivered his comments during a conference call with analysts on Tuesday, July 16. Dimon said tha..