Finance News
By Maheen Hernandez
1 / 11
A downside correction is seen for Bitcoin from the $10,954 swing in the price of the Bitcoin versus the USD.
2 / 11
The price of the Bitcoin is showing positive signs above $10,000 versus the US dollar. The BTC might rise steadily for as long as there is no closing near the $10,000…
3 / 11
Ethereum has continued to be relatively stable. Despite the price retracement, the ETH/USD is seen to form a high low pattern.
4 / 11
The ECB has declared that they have planned a free digital currency which will eventually have the Facebook Libra vanish to nothing.
5 / 11
Margrethe Vestager, the Danish politician, was appointed as the European Commission's Executive as the EU's Competition Commissioner.
6 / 11
France and Germany have already declared that they could block Facebook’s “Libra” in Europe due to the risks that it poses to the financial sector.
7 / 11
Facebook’s Libra is in direct competition with the USD, thereby provoking Donald Trump.
8 / 11
Benoit Coeure, ECB Board member, called Facebook's Libra as a wakeup call, which will trigger action from the EU to create their Bitcoin rival.
9 / 11
Le Maire and Scholz stated, "We encourage European Central Banks to accelerate work on issues around possible public digital currency solutions."
10 / 11
Paypal is also cautious about the future of Libra. Central banks, governments, and regulators are giving out an international outcry about how Libra might be regulated.
11 / 11
Gabrielle Rabinovitch, vice-president of Paypal Investor relations, stated, "It's a non-binding commitment.
The Currency Analytics
Want the full story?