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France and Germany Move to Block Facebook's Libra

When Facebook first unveiled official plans for the cryptocurrency Libra, there was certainly excitement from some circles. Unfortunately regulators haven't been quite as thrilled, with many jurisdictions sharing their concerns and questions. Now two European countries are taking things one step further, announcing that they'll move to block the digital...

SoFi Invest Adds Support For Crypto Trading

To the surprise of just about no one, the cryptocurrency ride continues to be a bit wild in 2019. Just this week or so the price of Bitcoin managed to fall below the important $10,000 level only to rebound a few days later. Nevertheless the growing popularity of crypto has...

Some Libra Backers Reportedly Spooked by Regulatory Scrutiny

Back in June, following months of rumors, Facebook officially unveiled plans for the cryptocurrency Libra. In that announcement it was revealed that, while Facebook was taking the lead on the project and would also be introducing the Calibra crypto wallet, there were several partners that had signed-up to support the...

IRS Reportedly Cracking Down on Unreported Crypto Income

Following the big Bitcoin boom of 2017, April 2018 saw several reminders that cryptocurrency gains needed to be reported on tax filings. Of course by that time the price of Bitcoin was about half of what it was just a few months before. Nevertheless it seems that the IRS is...

Crypto Lender BlockFi Raises $18.3 Million

While it may have been a rocky week for the stock market, it's been a good few days for crypto. Potentially due in part to the volatility on Wall Street, Bitcoin has managed to stay on the right side of $10,000, currently trading for more than $11,500. On top of...

Bitcoin Falls Back Below $10,000 as Cryptocurrencies Under Fire

It seems that, when it comes to Bitcoin, Facebook giveth and Facebook taketh away. Just a few weeks after the announcement of Libra helped push Bitcoin over the $10,000 mark and as high as $14,000, the leading cryptocurrency is currently slumping and has fallen back down below that five-figure floor.

Federal Reserve Chairman Joins Chorus of Libra Critics

Earlier this week, United States Federal Reserve Chairman Jerome Powell testified before Congress. While the meeting's big headline was Powell's suggestion that a rate cut was likely later this month —  news that brought market indices to all-time highs — one company that was likely not too happy with everything...