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.
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...
After months of speculation, Facebook finally announced the first details about the planned debut of Libra just a few short weeks ago. While the news was well-received in many circles and arguably helped push the price of Bitcoin north, it seems that not everyone is on board with the plan....
For the first time in more than a year, the price of a single Bitcoin is now higher than $10,000. While that's nearly half of its all-time high, it's more than double where it was late last year and into early this year. So could the world's largest cryptocurrency be...
After months of speculation, reports, and some incorrect guesses to what its name would be, yesterday Facebook finally announced plans for its cryptocurrency - Libra. As expected the project includes partnerships with multiple brands and companies that will accept the token. Meanwhile Facebook will launch a wallet called Calibra for...
Bitcoin has been on a bit of a roll the last few months. With its price back over $8,000, there's hope that some new life can be breathed into the world's largest cryptocurrency. Still, the coin has a long way to grow, which is why Erik Finman — who MarketWatch...
It seems that the United States Securities and Exchange Commission (SEC) is cracking down on initial coin offerings (ICOs). As Bloomberg reports, the agency is now suing the popular messaging app Kik over the 2017 launch of "Kin." That ICO reportedly raised $100 million for the app, but the SEC...
It was only a few weeks ago that word came down that Facebook was still hard at work developing their own cryptocurrency and getting partners on board. Now it seems those plans are firming up, with a potential name and launch timeframe emerging. According to BBC News the digital currency...