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Libra Senate Hearing Day 2: Congress Concludes Libra Is Not A Cryptocurrency

July 17th, 2019

Today’s Libra Senate hearing actually began on a bullish note for bitcoin. According to congressman Patrick McHenry, “The world that Satoshi Nakamoto…envisioned, and others are building, is an unstoppable force. We should not attempt to deter this innovation, and governments cannot stop this innovation, and those that have tried already failed.” The second day of…

Bitcoin Prices Plunge 15% – Analysts Weigh Bearish Odds and Levels to Watch-Out

July 17th, 2019

The exhaustion of the Bitcoin bulls came to the realization yesterday as Bitcoin [BTC] broke below the parallel channel between $10,000 and $13,000. The price of BTC at 3: 15 Hours UTC on 17th July 2019 is $9392. It is trading 14.2% lower on a 24-hour scale. The dominance of Bitcoin has risen past 66%,…

Libra: “I Don’t Trust Facebook”, Lawmakers Express Distrust

July 16th, 2019

Facebook experienced a very gruesome and disappointing Senate session with lawmakers today after a 2-hour grilling between David Marcus, Libra’s CEO and a group of Senators about Facebook’s proposed cryptocurrency project. The Dirty Past Of Facebook Came Back Around Lawmakers made a grand entry into the “sea of questions” already awaiting Libra’s implementation and expressed…

Binance Coin Slips Down at #8 Rank on CMC – Here’s How CZ Responds

July 16th, 2019

The native token of Binance crypto exchange has slipped down to an 8th spot on the graph of Coinmarketcap (CMC). While other cryptocurrencies are running upward, Binance Coin (BNB) followed the backward path. Binance Coin Slips From 6th Spot to 8th Spot on CMC One of the largest crypto exchange, Binance has recently celebrated its…

Libra Testimony – Facebook Expects Switzerland Govt To Regulate Libra Association

July 16th, 2019

Ahead of Test hearing before US Senate committee on July 16, Calibra’s CEO David Marcus released his prepared testimony which quickly revealed few crucial aspects concerning Libra. Libra v/s US Regulators Mr.Marcus who is currently heading Facebook’s Calibra wallet has released 7 pages long testimony document, entitling “Hearing before the United State Committee on Banking,…

Bitcoin Price Logs $11,000 as Crypto Market Hails Secretary Mnuchin’s Speech

July 16th, 2019

The Secretary of the US Treasury held a press conference to address the concerns around the popularity of cryptocurrencies, especially Bitcoin and Libra. Since Facebook’s announcement of Libra, many regulating and statutory bodies in the US have come out and expressed their doubts. Secretary Steven Mnuchin issued the address as an emergency announcement on cryptocurrencies. The…

Facebook Suffers a $5 Billion Blow, But Libra Keeps the Stock Buoyant

July 13th, 2019

Facebook’s stock price has surged since it made the news for its cryptocurrency project announcement. Facebook’s stock price also remained unaffected as it is finalizing a monetary settlement with the authorities for its role in the 2016 US Elections. The concerns against Facebooks’ data security and privacy policies are still rampant even over its new…

‘Bitcoin is Becoming Mainstream’, Judging from Trump and Fed Chairman’s Views

July 12th, 2019

The President of the United States spoke about Bitcoin [BTC] and cryptocurrencies for the first time via a twitter thread. While any trader would anticipate a big move in Bitcoin, his unbiased views hardly caused any change in Bitcoin price. Furthermore, it has turned the belief of a Bitcoin supported stronger than ever. Asiff Hirji,…

US President Trump Speaks on Bitcoin and Libra – Here’s How Market Reacted

July 12th, 2019

US President Donald Trump, who is more vocal about his feelings and thoughts than many, finally spoke about Bitcoin and cryptocurrencies. He not only gave his views in general but also spoke negatively about Facebook’s cryptocurrency plans with Libra. While his views were not favorable towards Bitcoin or any cryptocurrency, it hardly had an effect…

Will Bitcoin Break Above $14000 or Fall Back Below $10,000? – Analysts Weigh in

July 12th, 2019

Bitcoin’s [BTC] failed attempt at a break-out the last day has significant implications on its price analysis. This is because it comes at a time when the market sentiment has a high bullish penchant. A couple of reasons or catalysts might have caused the drop, including Jerome Powell’s criticism of Libra. Moreover, the fact that…