Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
All eyes were on the US Senate and House of Representatives last week as David Marcus was grilled over Facebook’s intentions for the Libra Association, the Libra coin, and the Calibra wallet. It seems no matter what Mr. Marcus says, about the technology or ambition to help the world’s unbanked, no one in government is able to move beyond Facebook’s (terrible) privacy record and recent $5bn fine.
Other news last week centred around a new venue for the Tangle in Taipei, Bitmex’s ongoing row between CEO Arthur Hayes and famed crypto pessimist (and highly regarded economist) Nouriel Roubini. Only this time the CFTC is weighing in, wanting to know whether Bitmex allowed US residents to trade on the exchange via VPNs.
There is plenty to keep an eye over the next week as more institutional offerings come online, and what will be the never-ending story of Libra continues to unfold.
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