How to live in a country, that banned crypto, using only crypto? (Weekend Digest, Sept 22—23)

How to live in a country, that banned crypto, using only crypto? (Weekend Digest, Sept 22—23)

It turned out that the recent Bitcoin bug was potentially the worst ever. Also, the SEC still thinks about Bitcoin ETF approval, smart contracts on IOTA, new developments by Brave — all in this weekend news!

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CNBC Analyst Slams Facebook Libra, Champions Bitcoin

Since the announcement of Facebook’s Libra cryptocurrency, the crypto market and even the tech sector has never been the same. It’s got regulators up in arms about Bitcoin, crypto assets are crashing, and the project may not ever even see the light of day. Even partners have started to abandon the project. The topic came up during a recent segment on CNBC’s Squawk Box, and one of the show’s hosts went on a rant, slamming Facebook’s crypto project while championing Bitcoin for having more desirable qualities than Libra. Joe Squawk: Bitcoin is Decentralized, Libra Is Controlled By Zuckerberg Bitcoin is arguably the most powerful piece of technology the world has ever seen. Its significance is undeniable, and those who are skeptical tend to come around eventually once they dive under the surface and gain a deeper understanding of the crypto asset’s potential. Related Reading | CNBC Host Pushes Bitcoin, Cites Halving and Scarcity As Catalyst for $55K BTC  CNBC Squawk Box host Joe Kernen is the perfect example of a Bitcoin skeptic turned believer. The once crypto pessimist has been recently seen defending Bitcoin and talking of the next potential price peak occurring around the next halving in May 2020. The many reasons why @JoeSquawk hates libra and (presumably) loves bitcoin #btc #decentralized #facebook #privacy $FB pic.twitter.com/PTPEZQguRf — Squawk Box (@SquawkCNBC) August 23, 2019 In the latest segment of CNBC’s Squawk Box, the discussion turned to the topic of Facebook’s Libra cryptocurrency – a polarizing project from the social media powerhouse that’s got financial regulators in defense mode. Kernen says he’s never understood the project and doesn’t like it “one bit.”  He doesn’t like that its “centralized”, and like many, doesn’t like it because it’s “Facebook.” “I don’t like anything about it,” Kernen said. He warns that although Facebook claims it will have a positive impact on the unbanked, the company is an intermediary, and will take a cut from its users even if its feeless – by stealing “all your private data and know all about your bank account.” Facebook has faced a number of privacy-related lawsuits and recently was ordered to pay an unprecedented $5 billion penalty over privacy issues. Bestowing the company with any personal data is a risk, let alone sharing monetary and transaction data with the corporation. Kernen turns the conversation toward Bitcoin, claiming it has an unforgeable value similar to gold, or antiques – things that cannot be duplicated. Bitcoin’s hard-coded digital scarcity gives the crypto assets an attribute similar to gold. Related Reading | CNBC Analyst Calls Secretary Mnuchin Out on Bitcoin Criticism In the past, Kernen has argued that decentralized networks offer more inherent value than even governments due. Facebook’s Libra is the perfect example of how a centralized crypto asset offers the controlling party too much power over its users. Bitcoin was designed to be the first-ever decentralized asset that cannot ever be controlled, nor can it ever be stopped. CNBC Analyst Slams Facebook Libra, Champions Bitcoin was last modified: August 23rd, 2019 by Tony SpilotroThe post CNBC Analyst Slams Facebook Libra, Champions Bitcoin appeared first on NewsBTC.
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Bitcoin Adjusted Dominance Soars: Bullish Sign for Times to Come?

Over the last couple of years, the crypto space has grown considerably, and nowadays there are around 2,500 cryptocurrencies in addition to Bitcoin. However, BTC still remains the most valuable and the biggest cryptocurrency in the world in terms of market capitalization. That being said, it is also important to note that over the years, there have been some altcoins that have threatened to upstage the coin as the most dominant cryptocurrencies in the market. Despite that, Bitcoin stands tall, and its domination of the wider crypto market remains as strong as ever. Bitcoin’s Popularity is Huge ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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