Facebook's ambitious cryptocurrency project called Libra is getting a lot of attention, especially from regulatory point of view. Leaprate recently reported that there are a lot of regulatory bodies now looking at Libra and wondering how this upcoming "global" currency will affect the entire world. One of this not so enamored with the project regulatory bodies…
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Whoa, Mark Zuckerberg! The bloom is off the Libra rose! After weeks of hype and never-ending worldwide acclaim, the reality of promoting an independent, global cross-border payment system utilizing cryptos and blockchain technology just came home to roost. Not everyone, especially those in the U.S. government, is wildly enamored with the intriguing Facebook proposal. Democrats…
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Critics of Bitcoin have often pointed to its price volatility as an issue and reason why it could never be considered a secure “store of value”, but a Wall Street veteran of 22 years, Caitlin Long, has built an intellectual argument, which posits that, by design, the world’s favorite cryptocurrency provides systemic stability versus price…
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The Contract for Difference (CFD) market has shown a change in momentum as cryptocurrency is likely to make its comeback after Bitcoin exceeded the $11,000 mark and Facebook announcing the issue of stablecoin ‘Libra’ last week. For Mitrade users, this presents an opportunity to delve into the world of cryptocurrencies once again with the company’s…
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Crypto currencies suddenly became front-page news over the past few weeks, due entirely to the “Big Reveal” of Facebook and its proprietary “Project Libra”. The degree of hype that this one storyline has received has not been witnessed during the decade-long history of the crypto world. If awareness leads to acceptance and then full adoption…
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Facebook has literally shaken the perception of what cryptocurrencies can do. One of the largest companies in the world by user base and market cap, Facebook is creating its very own cryptocurrency called Libra - a project set to disrupt the way we use and perceive digital coins. Because of the massive impact that 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 June 21, 2019. The text below is an excerpt and does not contain the full analysis. The US Stock market hit a brand new all-time record high yesterday due to a sudden shift in policy…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 19, 2019. The text below is an excerpt and does not contain the full analysis. One major factor of uncertainty may now be removed from financial markets, possibly paving the way for a prolonged…
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Bitcoin pulled back again after beating on the $9,400 door, where ostensibly profit taking orders proliferated. BTC remained in positive territory for June, a feat few analysts predicted two weeks back, but the number crunchers were mixed, when it came to explaining why Bitcoin finally had a “sluggish” day at the trading table. There has…
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Facebook has announced the launch of its Calibra wallet that is backed by the Libra Association, an independent consortium with members such as Visa, Mastercard, Stripe and Coinbase. The association will independently govern and oversee Calibra's bespoke cryptocurrency, Libra—with the digital coin imagined to further a global financial system, this historically marks the social media…
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