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.
Bitcoin achieved a new milestone on Sunday with its price smashing past $9000 levels. Other metrics suggest a strong buildup of the Bitcoin technicals and fundamentals.
Konstantin Rabin, fintech expert and crypto enthusiast, recaps what is known about Facebook’s Libra project and long-rumored company’s own crypto, which has long been shrouded in mystery.
Facebook has quietly registered its fintech company dubbed Libra Networks in Switzerland. The new arm is focused on blockchain, payments, data analytics, big data, and other techs.