Grayscale's Bitcoin Trust hovers at $2.2 billion despite price drop

Grayscale’s Bitcoin Trust holds its mark of $2.23 billion Assets Under Management [AUM] despite a rough day for the underlying cryptocurrency. According to an update from the investment company on NovThe post Grayscale’s Bitcoin Trust hovers at $2.2 billion despite price drop appeared first on AMBCrypto.
Source: AMB Crypto

Libra or 'Megabank Monopoly' may be confronted by 'Public Competitor' FedNow

Libra is in the shadow of the Federal Reserve.

Since Facebook unveiled Libra, the world of digital payments has not been the same. Within a few weeks of the announcement by the social media giant, The post Libra or ‘Megabank Monopoly’ may be confronted by ‘Public Competitor’ FedNow appeared first on AMBCrypto.
Source: AMB Crypto

China launches first DLT application following Xi’s Blockchain-Bitcoin effect

China is all in on blockchain. Less than a day after Xi Jinping, President of China and General Secretary of the Communist Party of China [CCP], announced a sovereign effort to promote blockchain as a ‘core technology,’ the first DLT-powered application has been unveiled. According to Dovey Wan, Founding Partner at Primitive Capital, China has […]
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Source: AMB Crypto

Bitcoin breaks down into Death Cross as bearish woes continue

Bitcoin is staring at Death once again. It seems like it was only months ago when the markets were buoyant after Bitcoin climbed over $13,000, its highest point in over 18 months. To be precise, it was 28 June, 2019, with Bitcoin trading at $13,800 and the future looking bright. Fast forward four months, and […]
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Source: AMB Crypto

Facebook’s Libra may not launch in 2020 as Association questions ‘licensing’

Facebook for the first time, looks down and out. It was supposed to be a ceremonial week for the Libra Association, with the Charter being signed and its board members being confirmed. However, it has now turned into a disaster. With regulatory sharks circling its position, on both sides of the Atlantic, Facebook’s cryptocurrency is […]
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Source: AMB Crypto

Facebook’s Libra loses PayPal; Chinese whispers or regulatory chokehold?

Did PayPal hear the Chinese Whisper, and go amiss? Libra was a unique sell. Primed as a “digital currency,” backed by a slew of government assets, operated on its own network, held on its own wallet, backed by companies that impact the world on a daily basis, with the ribbon of “banking the unbanked,” right […]
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Source: AMB Crypto

Litecoin testing descending triangle resistance; failure to break could prove costly

Another key test for Litecoin awaits. It seems like every time we look at Litecoin charts, another key level is being tested, and going by recent charts, every test has been a failure. Since reaching its peak of $144 back in June, digital silver has been in a steep descent owing to the hype of […]
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Source: AMB Crypto

XRP uses ‘securities-like language’, while Litecoin and Bitcoin stand clear, claims Crypto Rating Council

Will the real security please stand up? The debate around whether cryptocurrencies should be classified as “securities,” has been raging for the past few years. Heating up ever since companies began issuing their own “cryptocurrencies,” while distancing themselves from its inner governance, the case of what differentiates a company issuing an ownership share and a […]
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Source: AMB Crypto