July has not been a good month for Facebook’s Project Libra. After riding a wave of favorable press attention in June after its major announcement, Libra has endured a week or two of scorn from global government officials and regulators, as it seems that nearly every critic has come out of the woodwork to cast…
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U.S. Congressional hearings are never fun events for those asked to attend. The opportunity for elected officials to preach whatever gospel they perceive that their political bases want to hear is just too great to ignore. They need to keep their voters back home cheering them on to greater stardom, or so it seems when…
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Right now, it is vital for cryptocurrencies to gain some regulatory "love", otherwise the future of digital coins is bleak. Just now, the US suggested that they will discourage tech companies from issuing digital currencies, and it seems by all means that Donald Trump, the US President, is not a fan of crypto. Probably the…
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There is a maxim in corporate strategy that suggests that you may never be able to guess accurately guess how the market may receive a new product offering, but the moment the announcement is made, the consequences and reactions from competitors become abundantly clear immediately. Such may now be the case with Facebook’s Project Libra.…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 12, 2019. The text below is an excerpt and does not contain the full analysis. In case you haven't seen yet, President Trump just gave a huge boost to bitcoin and cryptoassets by dedicating…
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Representative Maxine Waters, a Democratic Congresswoman from California, takes her job seriously as the chair of the House Financial Services Committee. During a grilling session of Fed Chairman Jerome Powell, which happens twice a year, she made it known that she is on personal crusade against Facebook's blockchain token Libra. In a hearing that was…
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Once more unto the breach, dear friends, once more… Bitcoin tried valiantly for a second time in 30 days to breach the $13,000 “wall”, but, unfortunately, was pushed back down below $12,000. Resistance has thickened on these ramparts on the way to a new All-Time-High, but the market leader has definitely been persistent. Volatile swings…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 11, 2019. The text below is an excerpt and does not contain the full analysis. As was widely expected, the Federal Reserve came out in strong support of the financial markets yesterday. What wasn't…
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Visa continues to be a leader in the the blockchain and crypto spaces. This time, Visa is betting on the digital asset custodian company Anchorage, which is a fellow in Facebook's Libra Association. Andreessen Horowitz are also partnering on the $40 million funding round. According to TechCrunch, Anchorage is a revolutionary custodian solution, as it…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 9, 2019. The text below is an excerpt and does not contain the full analysis. Even though major central bankers like Mark Carney and Jerome Powell don't see Facebook's upcoming Libra coin as a…
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