Crypto dip follows political pushback against Facebook’s Libra
David Marcus, head of Calibra, was grilled at a Senate Banking Committee hearing yesterday following pushback against the Libra from both sides of the political aisle. The market responded with a sharp sell-off, with BTC dropping below $10,000. Is the US turning bearish on crypto?
Facebook’s Libra cryptocurrency – net positive for Bitcoin?
Facebook has released the whitepaper for its stablecoin cryptocurrency project, Libra. Just as the 2004 release of the Facebook platform created a seismic shift in online communication, distribution and consumption models that would eventually change the world, Libra’s introduction has the potential to have a similar impact on the global financial system with ramifications across a multitude of industries.