Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Libra hearings: Hostility and criticism as Congress grills Facebook (NASDAQ:FB) executiveA godsend to drug dealers. More dangerous than 9/11. A global economic threat. Congress was given two days to grill the head of Facebook’s Calibra wallet, David Marcus, over the upcoming Libra cryptocurrency, and it didn’t hold back. The Senate Banking Committee went first on Tuesday, with lawmakers describing the social network as “dangerous” and unfit to handle financial data given past scandals. Politicians also demanded to know why Facebook had chosen to base Libra in Switzerland rather than the United States. Wednesday was the House Financial Services Committee’s turn. In a four-hour grilling, Marcus was asked whether the tech giant will delay Libra’s launch until regulatory concerns are addressed — and he ducked a question about whether the coin would be available to people banned from Facebook’s platforms.
David Marcus: You won’t have to trust Facebook, and I’ll get paid in LibraBitcoin price reclaims $10K after U.S. lawmaker says BTC can’t be killedU.S. regulator investigating crypto exchange BitMEX — reportButerin’s big idea: Integrate Bitcoin Cash to scale EthereumJohn McAfee doubles down on $1M 2020 price prediction for BitcoinEx-Microsoft employee arrested for $10 million crypto theftReport: Coinbase deposits for U.K. users now take 10 days must be over 1,000 poundsGang of masked men raid Bitcoin exchange in BirminghamSocial innovations and secret conversations (on the blockchain)Bitpoint hack shows that regulators’ scrutiny does not equal safetyTrump’s Twitter crypto rant: What is the Bitcoin reference really about?Coffee and crypto: Trump vs. Bitcoin, Japanese exchange hackedContinue Reading on Coin Telegraph