Regulations

Story: Stakes Are Enormous If Libra Would Pull Off Beyond Regulatory Head Wings

By Dan Saada

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

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

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A fair deal of critiquing is going on concerning Libra.  The Libra Association have recently stated that they would not want to “Impinge on the purview of the Central Banks.”

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Lipton, Former head of Bank of America, stated, "The Libra people cannot say that they have not read that.

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The MIT fellow talking about how Facebook lifted the idea from the paper is doing the rounds and triggering responses from different people.

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Lipton stated that the key design problem with Libra will be that the coin might be issued in a non-immunized fashion in a way against the financial paper.

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Lipton also stated, "I am not a big fan of the quantity theory of money, but I am certain that as the amount of money explodes, prices will go up."

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Cryptocurrency staking is a process where the owners are rewarded for holding on to a cryptocurrency for a certain period of time.  BitGo is now offering these features.

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It will be further extending its range of services to providing custody services for proof-of-stake coins and other kinds of staking providers.

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Several big shot clients like Celsius Network have moved their master nodes in order to ensure that their client coins are secure.

The Currency Analytics

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