The cryptocurrency market hasslipped back to the red zone after its short-lived recovery. Significant Altcoins have been nursing lossesranging from 1.5% through 5%.

If despite all the regulatoryhead wings, which Libra is facing, if it can pull off, the stakes are enormous.

A fair deal of critiquing isgoing on concerning Libra. The LibraAssociation have recently stated that they would not want to “Impinge on the purviewof the Central Banks.”

Lipton, Former head of Bank ofAmerica, stated, "The Libra people cannot say that they have not readthat. Or, if they have not read that, they shouldn't be probably doing whatthey are doing in the first place." Lipton stated this because the actual structure of Libra has been liftedfrom the paper published by “Sandy Pentland and Thomas Hardjono." Lipton further noted that the fact that addsinsult to the injury is that the work of the Scholars has not been mentioned inthe Libra document. Of note, the earlier structure was published as a part ofthe "free for all" section in the "Royal Society Effort."

The MIT fellow talking about howFacebook lifted the idea from the paper is doing the rounds and triggeringresponses from different people.

Lipton stated that the key designproblem with Libra will be that the coin might be issued in a non-immunizedfashion in a way against the financial paper.

Lipton also stated, "I amnot a big fan of the quantity theory of money, but I am certain that as theamount of money explodes, prices will go up."

Cryptocurrency staking is aprocess where the owners are rewarded for holding on to a cryptocurrency for acertain period of time. BitGo is nowoffering these features. BitGo, a PaloAlto-based company, has been offering services that relate to the securestorage of cryptocurrencies. Now, the company is supporting cryptocurrencystaking.

It will be further extending itsrange of services to providing custody services for proof-of-stake coins andother kinds of staking providers. BitGois also providing instant access to digital assets combined with the benefitsof insurance, which will cover for any kind of losses. This is the next step in the evolution ofcustody services solution, which is a move from cold-storage services toinsurance-based solutions.

Several big shot clients likeCelsius Network have moved their master nodes in order to ensure that theirclient coins are secure.