Lawmakers React to Facebook's Libra, Bitmain's IPO: The Weekly Show
- Keep up to date with all the latest crypto news, from Facebook's Libra to Bitmain's second IPO attempt.
It's been another busy past week in the cryptocurrency space. Facebook has generated a huge reaction from lawmakers and regulators across the world. To discuss Facebook's Libra project and more, we caught up with BloxLive TV in our latest edition of The Weekly Show.
Here's what we discussed.
United States lawmakers respond to Facebook's Libra
United States lawmakers have responded to Facebook's cryptocurrency project by announcing they will be holding two hearings - one by the Senate and one by the House - later this month.
The Senate Committee on Banking, Housing, and Urban Affairs will primarily examine data privacy issues surrounding the new currency.
The House hearing is called “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System”, which gives insight into what will be covered.
According to reports, David Marcus, the co-creator and leader of Project Libra, is expected to testify at the hearings.
BIS calls for regulatory action to respond to the Libra project
The Bank for International Settlements (BIS) issued a warning last week that Facebook’s new Stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term project could pose a threat to the dominance of the global banking sector.
In its report, the BIS said that the entry of “big tech” into the global finance industry “holds the promise of efficiency gains and can enhance financial inclusion,” however “big techs’ entry presents new and complex trade-offs between financial stability, competition and data protection.”
BIS explained that international collaboration to develop regulations is extremely important. “As the operations of big techs straddle regulatory perimeters and geographical borders, coordination among authorities – national and international – is crucial.”
Bitmain is considering a second IPO attempt
After a recent bull run in the crypto sector, Chinese Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term mining giant Bitmain Technologies is reportedly considering a second attempt to go public, but this time in the United States.
According to a report from Bloomberg, which cites people with knowledge of the matter the company’s shareholders are discussing with advisers the plan to list its shares in New York before the end of 2019.
The filing of Bitmain IPO prospectus with the US Securities and Exchange Commission is expected in July, although no final decision had been taken as regards the venue.
If you missed our last episode of The Weekly Show, never fear, you can catch up on your crypto news here.
It's been another busy past week in the cryptocurrency space. Facebook has generated a huge reaction from lawmakers and regulators across the world. To discuss Facebook's Libra project and more, we caught up with BloxLive TV in our latest edition of The Weekly Show.
Here's what we discussed.
United States lawmakers respond to Facebook's Libra
United States lawmakers have responded to Facebook's cryptocurrency project by announcing they will be holding two hearings - one by the Senate and one by the House - later this month.
The Senate Committee on Banking, Housing, and Urban Affairs will primarily examine data privacy issues surrounding the new currency.
The House hearing is called “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System”, which gives insight into what will be covered.
According to reports, David Marcus, the co-creator and leader of Project Libra, is expected to testify at the hearings.
BIS calls for regulatory action to respond to the Libra project
The Bank for International Settlements (BIS) issued a warning last week that Facebook’s new Stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term project could pose a threat to the dominance of the global banking sector.
In its report, the BIS said that the entry of “big tech” into the global finance industry “holds the promise of efficiency gains and can enhance financial inclusion,” however “big techs’ entry presents new and complex trade-offs between financial stability, competition and data protection.”
BIS explained that international collaboration to develop regulations is extremely important. “As the operations of big techs straddle regulatory perimeters and geographical borders, coordination among authorities – national and international – is crucial.”
Bitmain is considering a second IPO attempt
After a recent bull run in the crypto sector, Chinese Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term mining giant Bitmain Technologies is reportedly considering a second attempt to go public, but this time in the United States.
According to a report from Bloomberg, which cites people with knowledge of the matter the company’s shareholders are discussing with advisers the plan to list its shares in New York before the end of 2019.
The filing of Bitmain IPO prospectus with the US Securities and Exchange Commission is expected in July, although no final decision had been taken as regards the venue.
If you missed our last episode of The Weekly Show, never fear, you can catch up on your crypto news here.