Cryptocurrency markets see modest gains and losses, with Bitcoin struggling to stay above the $10,000 price mark. Friday, July 19 — Cryptocurrency markets are reporting mixed signals, with most of the top-20 coins by market capitalization are down over the last 24 hours. Market visualization. Source: Coin360 Bitcoin (BTC) has stayed above the $10,000 threshold […]
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President Donald Trump’s mention of cryptocurrencies is historic, but the blockchain industry deserves a more serious conversation… Over the last few years, United States President Donald Trump’s tweetstorms have become a peculiar yet amusing feature of American public life. The president’s off-the-cuff comments have served a wide variety of purposes, from enriching political discourse with […]
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A brief recap of this week’s U.S. Congress hearings on Libra. 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 […]
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Legislators in the U.S. House of Representatives heard testimony on Facebook’s Libra cryptocurrency project. Here are some key comments from lawmakers and David Marcus. The United States House of Representatives Financial Services Committee heard testimony from from Facebook’s David Marcus, today July 17. Marcus, the CEO of the Calibra wallet service for the social media […]
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Does the U.S. government have the power to terminate Libra? What can it do? Things are heating up for Libra: This week’s United States congressional hearings showed that many politicians are not convinced by the safety aspects of Facebook’s cryptocurrency project, as they grilled the social media giant on privacy- and trust-related issues. In response, […]
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David Marcus, head of Facebook’s crypto wallet Calibra, stressed that Facebook will launch the Libra cryptocurrency project only after they address all regulatory concerns. David Marcus, CEO of Facebook’s crypto wallet Calibra, underlined that Facebook would not launch the Libra cryptocurrency project before they address all regulatory concerns. Marcus delivered his comments at a hearing […]
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The chair of the House Financial Services Committee opened today’s hearing on Libra by noting Facebook’s past mistakes. Today, lawmakers on the United States House of Representatives Financial Services Committee are meeting to discuss the possible effects of Facebook’s proposed Libra cryptocurrency project on the financial system. As a Cointelegraph respondent reports on July 17, […]
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Senator Brown is concerned that Libra will allow Facebook to gain unfair control over the financial system and dictate new money policy to the detriment of ordinary citizens. Libra is a “recipe for more corporate power over markets and over consumers,” according to U.S. Senator Sherrod Brown, ranking member of the Senate Banking Committee. Senator […]
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Senate Committee Members discussed regulation concerns with big tech companies in a post-hearing press conference. United States Senators Mike Crapo and Sherrod Brown, respectively the Senate Banking Committee chair and ranking member, shared their views on crypto regulations. Both appear to want comprehensive policy for big tech companies. The senators made their remarks while speaking […]
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The U.S. congressional hearings on Libra may determine the future of the project. Here is what regulators think about Facebook’s crypto… This week is crucial for the future of Libra: Facebook’s cryptocurrency project will be subject to two back-to-back hearings in the United States Congress. First, the Senate Banking Committee will discuss the token on […]
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