What’s the world’s most widely used cryptocurrency? If you think it’s bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong.
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The European Union’s antitrust chief says she’s taken the unusual step of scrutinising Facebook’s planned cryptocurrency because of the risk that libra will lead to the creation of a new, entirely separate economy.
Bitcoin fell 17% to as low as $8 088 in New York on Tuesday, the biggest intraday drop since January 2018 and its first time below $9 000 since mid-June,
The subset of digital assets dubbed privacy coins, which have long delighted libertarians and frustrated law enforcement, are feeling the pinch of a step up in regulation.
Germany has delivered a blow against Facebook’s planned cryptocurrency, expanding Europe’s opposition to the social network’s financial ambitions.
Facebook is once again defending libra – this time against fears that the envisioned cryptocurrency could replace sovereign currencies from the US dollar to the euro.
The European Central Bank warned Facebook that the bar for regulatory approval of its planned libra project has been set very high as governments in the region express concerns about digital currencies.
Facebook’s libra would be blocked in Europe because the digital currency is too risky and threatens sovereignty, French finance minister Bruno Le Maire said on Thursday.
The most exciting innovation in initial distribution of cryptocurrency in 2019 is Handshake’s directed airdrop.
Technical indicators show the price action between bitcoin and alternative tokens is nearing its highest correlation this year, indicating that a so-called alt season may be on the horizon.