Libra Chief Praises Its Anti Money Laundering Standards

Libra Chief David Marcus has claimed that the Anti Money Laundering Standards of the underfire project are superior to any other payment networks on the market today. Libra Scrutiny Means Its On Track, Says Chief Marcus is the CEO of Calibra, the corresponding digital wallet of Libra, and previously served as president of PayPal and a member of the Board of Directors at Coinbase. Speaking at the Money 20/20 conference in Las Vegas, he said, “I want to say that the efficacy of sanction enforcing can be much higher on…

Binance to Open Beijing Office Amid China’s Renewed Blockchain Push

Malta-based cryptocurrency exchange Binance is opening an office in Beijing, two sources with knowledge of the matter told CoinDesk. The new outpost will join Binance’s current mainland China office in Shanghai. It’s not clear what exactly the office will do or when it will open, but the move follows a slew of announcements from Chinese authorities, including President Xi Jinping outlining China’s new blockchain ambitions. Relations between Binance leadership and Chinese authorities appear to have warmed recently, with the exchange publishing a report on China’s plans for a digital fiat currency over…

Facebook’s Sandberg: Political Ads Are Important Part of the Dialogue

Oct.30 — Facebook Inc. Chief Operating Officer Sheryl Sandberg talks about the company’s financial results, its strategy for political advertising and its proposed global cryptocurrency, Libra. Facebook’s third-quarter sales rose a better-than-projected 29%, weathering a period full of regulatory challenges and criticism by boosting advertising revenue and adding 35 million new users to its main social network. Sandberg speaks with Caroline Hyde on “Bloomberg Daybreak: Australia.” UCIALMKvObZNtJ6AmdCLP7Lg Source link

Bitcoin and Stocks Break 2019 Inverse Correlation Trend — Chart Data

In many ways, Bitcoin (BTC) and the crypto markets as a whole live somewhat independently from traditional markets. The global crypto space never sleeps, operating at all hours of the day on a global scale. Traditional market price movements and conditions, however, may still have an impact on Bitcoin. If the economy is healthy, seeing rising prices for traditional market indices such as the S&P 500, it makes sense that people might be more willing to take risks by putting money into Bitcoin, an asset that is still speculative at…

Bitcoin May See November Price Boost With Halving Due in Six Months

View Bitcoin tends to pick up a strong bid six months ahead of the reward halving, according to historical data. With the halving event due in May 2020, BTC may rise above the recent high of $10,350 in November and could challenge the 2019 high of $13,880 over the next couple of months. Shorter term, a contracting triangle breakdown on the hourly chart suggests scope for a drop to $8,820 in the next 24 hours. The bear case would be invalidated if prices rise above the hourly chart resistance of…

Bitcoin (BTC) Price Likely Positioned For Next Rally

Bitcoin price is holding the key $9,000 support area against the US Dollar. The price is facing a couple of short term resistances near the $9,200 and $9,400 levels. This week’s followed major bearish trend line is active with resistance near $9,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to rally if it breaks the $9,200 resistance and the $9,320 pivot level. Bitcoin price is showing a lot of positive signs above $9,000 against the US Dollar. Overall, BTC is likely…

Binance.US Cryptocurrency Exchange to List NEO and ATOM

The United States-focused wing of leading cryptocurrency exchange Binance will add support for Neo (NEO) and Cosmos (ATOM). Binance.US announced on Oct. 30 that it will add full trading support for the two tokens on Oct. 31, both of which are among the top-20 tokens by market capitalization according to Coin360. Per the announcement, users can already start depositing funds before trading commences at 9:00 p.m. EST tomorrow.  Cosmos provides a blockchain-based platform that works as a mediator between different blockchains. It launched its first ecosystem hub in March 2019…

Ethereum (ETH) Losing Pace, Could Dip To $175 Before Higher

Ethereum price is under pressure and it could slide towards the $175 support against the US Dollar. Bitcoin is currently correcting higher and it recently tested the $9,000 support area. There was a break below a key bullish trend line with support near $186 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating near $182 and it could decline towards the $175 support. Ethereum price is struggling to continue higher versus the US Dollar, similar to bitcoin. ETH price might revisit the $175 support…