Steven Mnuchin speculated on what may have caused the latest blow to Facebook Libra’s ambitions. The proposed digital currency saw more of its corporate backers withdraw support, in what is being seen as a major setback. This came just weeks…
ECB Banker: Libra Could succeed where Central Banks have failed
Facebook’s Libra could potentially solve some of the problems that have plagued the international payments market for years now, but it might also create others if the regulators don’t get creative. This is according to a European Central banker who…
Analyst: Bitcoin is still Quite Undervalued
Bitcoin is no doubt the best performing asset by far. As MarketWatch put it early this year, if you had invested a $100 in BTC back in July 16th 2010, your invested sum would have swelled to over $7,000,000 by…
4 Countries that are Strongly Against Facebook’s Libra
Different governments around the world were unsettled after American social media giant Facebook announced a permissioned Blockchain digital currency, named Libra. This proposed digital currency that is reportedly backed by a number of major national currencies, did not excite financial…
Brazil Bank Adopts IMF Guidelines for Crypto Classification
The central bank of Brazil has moved to classify bought and sold crypto assets as per the laid out International Monetary Fund (IMF) guidelines. Brazil’s central bank announced its decision on Aug 26. Under the new IMF standards, traded cryptos…
Bank of England Governor: Digital Currency could Replace Dollar
Bank of England governor Mark Carney has suggested that the American dollar could soon be replaced with a digital currency similar to Facebook’s Libra. While delivering his speech at the U.S Federal Reserve’s annual symposium in Jackson Hole, Wyoming, Carney…
Binance to launch a “localized” Stablecoin Initiative
The largest cryptocurrency exchange in the world Binance, has announced plans to launch an ambitious project that will develop cryptocurrencies and digital assets that will be pegged to fiat currencies around the world. The Monday August 19 announcement has revealed…
Top reasons why Facebook’s Libra is Facing strong opposition
The unveiling of Facebook’s Libra currency has led to a lot of chatter among crypto enthusiasts, some of whom have vehemently refused to support it. Facebook has said that the crypto will enable users to make faster and cheaper international…
BTC Price Suffers briefly as Trump Slams Crypto
The price of Bitcoin sharply dropped on Monday following U.S president Donald Trump’s sharp criticism of cryptocurrencies. The American president, who is known for his controversial Twitter posts, posted his reservations towards crypto and the effect looked somewhat immediate. The…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
