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Bakkt has announced that already on Monday they will launch user acceptance testing for its Bitcoin Futures. The crypto community is wondering whether it will impact Bitcoin price.
Altcoins have spent the second and third quarter of 2019 thus far falling in value relative to Bitcoin price. Litecoin, as always, is leading this rally, and in a sense, lights the path for the rest of the altcoin market to shine.
Rep. Maxine Waters said she’s planning to call in Facebook CEO Mark Zuckerberg to testify about his company’s new digital currency project Libra. She added that her staff has not made the formal request with Facebook yet, but they plan to do so.
Today’s the second day of Libra hearing. Amid questions of safety, compliance and consumer protection, Marcus kept stressing that Libra project would seek proper approval and registrations with the relevant authorities.
Receiving no attention at the senate hearing on Tuesday, Bitcoin price tanked over 10% on Tuesday. There’s little to no positive response from the US lawmakers for Facebook’s Libra which has created an overall negative sentiment around Bitcoin as well.
Most of the commentators of yesterday’s David Marcus’s hearing agree that Libra is here to stay. The fact that it has been one of the most important discussions on the state level – says that cryptocurrencies are indeed becoming part of everyday life.
Facebook crypto chief David Marcus testified before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing examining Facebook’s proposed digital currency Libra and data privacy considerations.
The Treasury Department has concerns that Libra, as well as Bitcoin, could be misused by terrorist financiers and money launders, to carry out illicit activities ranging from cybercrime to tax evasion, extortion, and ransomware.
Last week, the overall cryptocurrency market lost early $50 billion valuations with Bitcoin alone losing $25 billion and altcoins contributing the rest. On Sunday, July 14, Bitcoin price slipped below $10,000 levels but recovered back now trading at $10,320.
It seems that big companies as Facebook, Amazon and Google might be forbidden to launch their digital assets. If the Congress’s Bill pass – they could face with paying $1K penalties per day. Even though it’s not likely for bill to pass, it presents another obstacle for Facebook’s Libra.
At Binance’s 2nd anniversary’s AMA, Changpeng Zhao spoke about the extension of their 25% trading fee discount and the team’s commitment of BNB allocations to the token burn. Also, he announced testing of Binance Futures and providing Binance Visa card.
Speaking at the social media summit, US President Donald Trump takes a jibe at Bitcoin and cryptocurrencies in general. Says the US Dollar is the most superior currency and will continue to remain so.
Popular crypto bulls and co-founders of Gemini Exchange, the Winklevoss Twins, have predicted that in two years, all the FAANG companies will follow Facebook’s footsteps and launch their individual cryptocurrency ventures.
Coinbase is involved in deep talks with Aon with an aim of creating a regulated ‘captive’ insurance company to shield its clients from hackings and unexpected loss of funds.
From around 14:00 UTC on July 10, Bitcoin fell $962 from its previous price in a little over an hour, landing just above the $12,000 psychological support before another wave of sellers dragged it to a peak low of $11,445.