July 18, 2019

Trust, Privacy and Genocide Accusations

July 18, 2019 boss

The United States Congress’ hearings on Libra are over. First, on July 16, the Senate Banking Committee held a testimony on Facebook’s cryptocurrency project, which was followed by a meeting organized by the House of Representatives Financial Services Committee on the next day. David Marcus, a Facebook executive and head of the social media giant’s crypto subsidiary, Calibra, testified on behalf of Libra at both hearings. The legislators extensively interviewed him for two days in a row, mainly inquiring about the project’s privacy and safety. Here are the main outtakes…

Shark Tank Celebrity Claims Facebook’s Libra Will Pummel Bitcoin to ‘Zero’

July 18, 2019 boss

Investor and Shark Tank shark Kevin ‘Mr. Wonderful’ O’Leary has dismissed concerns raised against Facebook’s cryptocurrency Libra. Speaking on CNBC, the avowed Bitcoin skeptic stated that Libra has the capacity to become accepted and consequently useful with effective regulation. Stemming from this O’Leary is bullish on the social media giant’s future prospects. On the other hand, Bitcoin will die once a regulated cryptocurrency such as Libra comes along, per the Shark Tank star: It’s [Bitcoin] going to go to zero one day when somebody brings a regulated product, which is…

Shark Tank Celebrity Claims Facebook’s Libra Will Pummel Bitcoin to ‘Zero’

July 18, 2019 boss

Bitcoin Price Jumps $1K In 30 Minutes to Top $10,000 Again

July 18, 2019 boss

Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data. Prices had dropped to a low of $9,280 at 14:00 UTC, having repeatedly failed to beat the psychological resistance of $10,000 in the Asian session and during early European trading hours. But, bitcoin’s price rise is now boding well for the broader market. Names like litecoin and bitcoin SV are reporting double-digit gains at press time. Meanwhile, ethereum’s ETH token…

Blockchain-Based Travala.com Teams Up with Dash For Hotel Booking Payments

July 18, 2019 boss

Blockchain Travel site Travala.com is teaming up with Dash Core Group, the main development team supporting the Dash network, on a global open-source cryptocurrency payments platform. Travala.com and Dash will spearhead the ongoing, prolific trend of crypto tourism by enabling the vast Dash community to benefit from up to 40% discounts on accommodation bookings made on Travala.com. advertisement Matthew Luczynski, CEO and Founder of Travala.com, said,: “In recent years, the blockchain industry has witnessed ongoing growth and maturity, cultivating a breed of projects that are designed to facilitate the mainstream adoption…

BTC Price Reclaims $10K After US Lawmaker Says Bitcoin Can’t Be Killed

July 18, 2019 boss

Bitcoin (BTC) has retaken $10,000 today following a moderately volatile month, according to data provided by Coin360. Bitcoin starting its parabolic advance in April which culminated in retaking the 5-figure mark in June for the first time since March 2018. At the time, BTC was on a slow-and-steady bull run that peaked just shy of $14,000 on June 26. Since then, BTC has moved around a decent amount, dipping below $10,000 on July 2, retaking $13,000 on July 10, and slumping below $10,000 again on July 16. Some analysts linked…

Libra Will Upset World Economy if It Isn’t Regulated Tightly, G7 Warns

July 18, 2019 boss

Cryptocurrencies such as Libra risk upsetting the world’s financial system if they are not regulated tightly, G7 finance ministers have warned. According to Reuters, French finance minister Bruno Le Maire told a news conference on July 18 that the G7 “cannot accept private companies issuing their own currencies without democratic control.” His remarks followed informal talks in Paris, where the Group of Seven expressed vehement opposition to the prospect of firms having as much power as countries in creating means of payment. The ministers and central bank governors also warned:…

China Should Take Precautions against Facebook Crypto: Ex-PBoC Head

July 18, 2019 boss

Facebook’s foray into the payment sector has drawn backlash from governments and regulators across the globe. This time, it is China fencing its borders to keep the social media giant out. Xiaochuan Zhou, the former governor of the People’s Bank of China (PBoC), suggested the government to take precautionary monetary measures against Libra, the so-called Facebook Cryptocurrency. The noted economist, whose tenure saw China becoming the world’s second-largest economy, supported broader policy research to help prepare the financial systems against emerging payment solutions. “In future,” he said, “there may emerge…

Gang of Masked Men Raid Bitcoin Embassy in Birmingham

July 18, 2019 boss

A gang of masked men have raided a Bitcoin (BTC) embassy in the English city of Birmingham, sparking a police investigation. Local Facebook page Brumz Updates posted footage of the burglars ransacking the building as sirens blared on July 15. Witnesses look on helplessly as the robbery unfolds — and seconds later, the gang speed away from the scene in a waiting car. West Midlands Police has launched an investigation, but have confirmed that nothing of value was stolen from the business. According to the Daily Mail, the thieves had…

China Leads the World in Google Searches for Facebook’s Libra

July 18, 2019 boss

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 Libra As of July 18, China is the first in the list of countries googling of Facebook’s new cryptocurrency project, according to data from Google Trends. Based on the data, China has the highest proportion of search queries for Libra, with a maximum value of the query popularity of 100. The top five countries include St. Helena, ranked second…