Samuel Wan · 1 day ago · 2 min read
Read the latest › ETH 2.0
Read the latest › NFTs
Samuel Wan · 4 weeks ago · 2 min read
Shaurya Malwa · 1 day ago · 2 min read
Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.Start Earning Interest
United States cryptocurrency index fund provider Bitwise Investments said that Facebook’s Libra has accelerated crypto’s progress by three years.
Brad Garlinghouse, the CEO of Ripple, said that Facebook was responsible for the scrutiny and criticism it encountered from regulators.
Facebook has warned investors that its highly anticipated, and much-contested cryptocurrency project, Libra, may never get off the ground.
According to a recent poll by CivicScience, the majority of Americans trust Bitcoin more than they trust Facebook’s Libra.
Congressman Brad Sherman, a vocal critic of the crypto industry, again called for a complete ban on cryptocurrencies.
In a historic moment in Congress, pro-cryptocurrency representatives warned the House of Representatives of the “unstoppable” power of Bitcoin, calling for the United States to clarify regulations and seize the lead in blockchain innovation.
Bitcoin has been in the spotlight lately after a tweet from United States President Donald Trump where he expressed his views on cryptocurrencies, stating that he was “not a fan” of Bitcoin and that its value was highly volatile and based on thin air.
Facebook’s Calibra CEO David Marcus took another beating, this time from members of the House, with one lawmaker even scorning the proposed Libra cryptocurrency as “Zuckbucks.” Marcus went before members of the House Financial Service Committee to explain the social media platform’s ambitious proposal to enter the crypto space.
United States President Donald Trump expressed his views on cryptocurrencies, saying that not only was he “not a fan” of Bitcoin, he also believes Facebook’s Libra will have little standing or dependability when launched.
Mustafa Al-Bassam, the co-founder of Facebook acquired blockchain startup Chainspace, said Libra could recreate a dystopian financial system that’s less censorship resistant and easier to manipulate than the current one.