Bank of England Governor Carney Defends Facebook’s Libra Stablecoin
Bank of England governor Mark Carney defends Facebook’s choice to create a new currency
Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial system. Because of the inefficiency of the payments, Carey thinks that firms such as Facebook should be involved in projects like Libra.
More precisely, he reportedly criticized the high costs of moving money, saying that they penalize small businesses and can cost firms as much as 200 basis points per transaction, besides being processed too slowly. According to the report, he said:
“That’s not good enough in this day and age. Those payments should be instantaneous, it should be the same as us exchanging a banknote online. It should be virtually costless and it should be 100 per cent resilient.”
Read More: https://cointelegraph.com/news/bank-of-england-governor-carney-defends-facebooks-libra-stablecoin
Bear Trap? Bitcoin Price Bullish Divergences Emerge Amid Market Fear
Technical analysis shows signals of a potential beartrap forming in the crypto market while the overall sentiment shows signs of fear
Fear is a normal expression seen from investors during downwards trending markets as traders and investors tend to be fixated by short term movements, similar to the euphoria in December 2017.
However, is it justified to have this fear checking the macro perspective of the market, or is it providing a great buy opportunity?
read full article here: https://cointelegraph.com/news/bear-trap-bitcoin-price-bullish-divergences-emerge-amid-market-fear
Layer1 Secures $50M from Peter Thiel, Others to Mine Crypto in Texas
Layer1 has raised $50 million from industry stakeholders including PayPal co-founder Peter Thiel and early stage investor Shasta Ventures
Layer1 has raised $50 million from industry stakeholders including PayPal co-founder Peter Thiel and early stage investor Shasta Ventures
UAE Financial Watchdog Asks for Public Feedback on Crypto Regulation
Regulators in the UAE will be collecting public feedback on drafted crypto asset regulation until Oct. 29
Regulators in the UAE will be collecting public feedback on drafted crypto asset regulation until Oct. 29
EToro, The Tie to Track Crypto Sentiment on Twitter for Investors
EToro and The Tie partner on AI-based investment tool, which opens trades based on sentiment signals from Twitter
EToro and The Tie partner on AI-based investment tool, which opens trades based on sentiment signals from Twitter
CipherTrace Expands Monitoring Platform to 700 Tokens
CipherTrace adds 700 tokens to its crypto intelligence platform
CipherTrace adds 700 tokens to its crypto intelligence platform
US Congressman: Facebook Should Add Bitcoin, Not Create Libra
U.S. Congressman Warren Davidson says Bitcoin would be much better for Facebook than the introduction of a proprietary stablecoin like Libra
U.S. Congressman Warren Davidson says Bitcoin would be much better for Facebook than the introduction of a proprietary stablecoin like Libra
Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins
Cryptoindex’s AI-powered CIX100 index has been listed on Nasdaq
Cryptoindex’s AI-powered CIX100 index has been listed on Nasdaq
Bitcoin (BTC) $ 8,084.23 1.17%
Ethereum (ETH) $ 176.63 1.44%
XRP (XRP) $ 0.296407 4.58%
Bitcoin Cash (BCH) $ 219.24 1.36%
Litecoin (LTC) $ 54.69 4.48%
Stellar (XLM) $ 0.063680 3.01%
Cardano (ADA) $ 0.039262 2.52%
Ethereum Classic (ETC) $ 4.51 2.44%
NEO (NEO) $ 7.27 4.68%
0x (ZRX) $ 0.317665 1.31%
Lisk (LSK) $ 0.828898 9.35%
DigiByte (DGB) $ 0.008026 8%
Siacoin (SC) $ 0.002220 13.89%
Waves (WAVES) $ 0.839033 2.56%
Zilliqa (ZIL) $ 0.005368 4.12%
Golem (GNT) $ 0.047606 0.76%
Stratis (STRAT) $ 0.340046 1.37%
Factom (FCT) $ 3.43 1.11%
Ark (ARK) $ 0.201474 4.23%
FunFair (FUN) $ 0.003571 0.48%
Loom Network (LOOM) $ 0.024609 11.51%
PIVX (PIVX) $ 0.235697 0.65%
Vertcoin (VTC) $ 0.224566 4.16%
GoChain (GO) $ 0.009362 0.83%
Viacoin (VIA) $ 0.208136 4.48%
Stealth (XST) $ 0.096751 31.15%
OKCash (OK) $ 0.030765 1.41%
VeriCoin (VRC) $ 0.038983 2.69%