Bitcoin News

Story: Bitcoin Not A Niche Anymore – Libra Not Going Away Anytime Soon

By Dan Saada

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Regulators have been piling criticisms on to Facebook's cryptocurrency Libra ever since its launch has been declared.

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Libra is considered to be at least in theory, a threat to the jobs of privacy regulators, finance ministers, and central bankers.

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Libra has caused financial regulators to develop a more severe outlook at digital currencies.

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Ido Sadeh Man, an Israeli entrepreneur, stated, “Ten years ago, regulators didn’t care about Bitcoin.” He further added, “It was a niche.

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The governments might potentially lose their ability to control the monetary policy if Libra and other cryptocurrencies go mainstream.

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The oil is priced in dollars, and therefore, the USD has a lot of power — the US government controls which banks interact with the USD.

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With the coming of Libra and the stabilization of other cryptocurrencies, the current control will slip out of the hands of the US.

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The partners of Libra like the PayPal and eBay are well-established in the e-commerce space, and they have a gigantic influence in the eCommerce world, and therefore they have…

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The cryptocurrency market is currently becoming very mature, and it is progressing towards institutional players.

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Experts, however, say that Bitcoin is an extremely risky asset and they opine "It's still one of the most volatile assets on the planet.

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Binance is all set to launch a lending platform later this month.  However, there is a widespread opinion that it is probably a lot of hassle than it is worth.  

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Chanpeng Zhao, Binance CEO when talking about “Binance Lending” feels let users “earn crypto in their sleep.

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