Three Things To Know About China’s Digital Yuan (Not a Cryptocurrency)

China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC). Financial Monitoring and Control Anyone remotely familiar with China knows that electronic payments are already a huge part of the country’s socio-economic […]

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US Couldn’t Ban Bitcoin –

Yesterday saw yet another U.S. Senate Banking Committee hearing on regulatory frameworks for digital currencies and blockchain. Libra got another bashing, and Chairman, Mike Crapo, surmised the U.S. “couldn’t succeed” in banning Bitcoin and cryptocurrencies even if it wanted to. Good Start For Bitcoin, Bad For Facebook Crapo introduced the hearing on a positive note for […]

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Congressman Warren Davidson Suggests Libra is a Sh*tcoin

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 impacts of Facebook’s new Libra cryptocurrency. While questioning CoinShares Chief Strategy Officer, […]

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Overview: Facebook Libra Project US Senate Hearing

Earlier today Facebook Libra met with US Senators from the Senate Banking Committee. Here are a few highlights of note from the hearing. Facebook Libra Meets with Lawmakers Again Today Facebook answered questions from concerned US lawmakers on the Senate Banking Committee. As previously covered by Bitconist, lawmakers are worried that Facebook’s Libra cryptocurrency could […]

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Facebook’s Libra Will Primarily Be Used to Buy Bitcoin, Says Fundstrat

There has been no shortage of opining over Facebook’s foray into crypto this week. Most industry heavyweights are in agreement that Libra is about as far from bitcoin as the greenback is, but the new digital offering will have an impact on the crypto scene, and it may not be that bad. So What Do […]

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Facebook Unveils Wallet For Pseudo-Cryptocurrency ‘Libra’

Facebook has finally unveiled its cryptocurrency offering, revealing a custodial wallet and making suspicious claims about what gives it value. Facebook To ‘Make Money Better’ As Website Crashes Dubbed ‘Calibra,’ the wallet will serve Facebook’s coin, which will be known as ‘Libra’ in line with previous hints surfacing in the press in recent weeks. The […]

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Facebook’s Crypto Launch May Push Bitcoin to $10K in June

Bitcoin price could rally to $10,712 in June amid current investor sentiment and the launch of Facebook’s ‘cryptocurrency’ GlobalCoin, according to a prominent analyst.  Bitcoin to $10K in June? ThinkMarkets Chief Market Analyst Naeem Aslam has concluded that June will be a phenomenal month for Bitcoin price action. Historically, May has been the best performing […]

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