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The largest cryptocurrency reached an all-time high of $28,365 Sunday. Its price has more than tripled in 2020 amid a worsening pandemic.
Zuckerberg's plea for Libra, now called Diem, suggests Facebook is leaning more towards the kind of e-cash offered by PayPal or Alibaba than the revolutionary crypto dreams of Bitcoiners.
The ED said it conducted raids at the registered offices of some companies who were illegally running online betting apps on websites which are hosted from outside India.
After Libra launched in June 2019, politicians and regulators raised concerns about privacy, money laundering and companies like Facebook taking power away from central banks.
Covid-19 has been good for Bitcoin & cryptocurrency generally. By accelerating our advance into a more digital word, what might have taken 10 years has been achieved in 10 months.
Bitcoin has been through a boom and bust and a second boom since its frenzied heydays in 2017. But the mania that surrounded digital currencies back then is largely absent.
Florida teen Graham Ivan Clark has been charged with posting messages on behalf of over 100 notable personalities, including Barack Obama, as part of a cryptocurrency scam.
Though the link between the schemes on Twitter and YouTube aren’t definitive, the possibility that they are connected may give investigators ways to identify the perpetrators.
If India wants a voice in a world of two clashing superpowers & competing networks for moving money cheaply, it needs to build its own crypto capabilities.
Facebook’s Libra clearly demonstrates a demand for cheaper and faster global payments service. RBI must accelerate its research on payment methods to serve this demand.