Facebook Applies For New York BitLicense for Its Libra Project
Facebook has applied for a cryptocurrency business license. This is done in order for Facebook to operate within the state of New York with their new crypto project – Libra.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Facebook has applied for a cryptocurrency business license. This is done in order for Facebook to operate within the state of New York with their new crypto project – Libra.
CFTC granted TD Ameritrade-backed ErisX a derivatives clearing organization (DCO) license under the Commodity Exchange Act (CEA) allowing the Eris Exchange to offer physically delivered digital asset futures contracts.
Binance decided to enable futures trading. At the Asia Blockchain Summit in Taipei, Changpeng Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets.
Despite sharp Bitcoin price swings, it has been profitable as an investment 98.2% of the days since its creation. If you want to become a member of crypto community and earn some money – analysts say it’s time to buy.
Just recently the outcome of the G20 summit in Osaka, Japan, has set in – cryptocurrencies are officially regulated by the G20. The G20 officials have agreed on applying the FATF guidelines to, mostly, cryptocurrency exchanges.
Experts say that Facebook’s Libra will probably not reach the billions they claim, and it won’t affect the financial world and stability in general. However, while everyone is talking about Libra, banks are developing their own digital currencies.
FCA-regulated 21st-century digital payments platform Wirex launched the pre-sale of its WXT token to verified users. Backed by OKEx’s OK Jumpstart, Wirex is set to become the next evolution of payments systems.
The financial whales are slowly diving into the crypto sector with the world’s 317th richest person, Henry Kravis, also trying his luck by joining the rapidly growing industry.
Ethereum price is set to undergo a 52 days bull-strike as crypto analysts base their bullish predictions on the current rise in transaction volume of the second most used cryptocurrency in the world.
Two persons cited on the Bitcoin white paper – Blockstream CEO Adam Back and Yugen Partners Chief Scientist Scott Stornetta, share their thoughts on the future of Bitcoin and cryptocurrency technology in the whole.
It seems, that finally, there’s an opportunity for early adopters and crypto enthusiasts can now live a ‘tokenized’ life away from big banks and corporations.
The early-access code for Facebook’s Libra cryptocurrency hit GitHub two weeks ago and critics and trollers have taken their aim at the project that has been saved or “starred” by close to 10,000 users.
Many financial experts believe that the G20 summit, which recently ended in Osaka, Japan, should bring a multilateral decision on cryptocurrency regulation. The cryptocurrency market is proving that it is here to stay by growing almost +150% only this year.
After a massive bull run in the first three weeks of June 2019, the crypto market entered a major correction losing $60 billion in the last week. In the last 24-hours, Bitcoin has lost 7.5% consolidating at $11,000 levels.
TRON’s CEO Justin Sun announced that July will be big for TRX community. Except the lunch he will have with Warren Buffet, Sun announced introducing BTFS as the largest of the decentralized P2P storage network.