LIBRA IS BACK IN THE NEWS

FACEBOOK LIBRA UPDATE

It felt like we’d got past the initial hype on Facebook Libra, and the news articles were slowing in frequency. Well buckle down, because round two seem to have hit this week.

First, it arose that Libra was looking for a payments system licence in Switzerland, however vulnerabilities were already surfacing in its code.

Then, Libra bigwigs came out of the woodwork to assure mainly France, that Libra will address all regulatory issues and launch before the end of 2020.

France, in turn, told Libra that it wasn’t welcome and that regulators in the country were set to block it.

Meanwhile, the German government has approved its ‘Bundes Chain‘ strategy, in part, as a direct response to block Libra.

NEWS IN BRIEF

The Securities and Exchange Commission is still holding back on its final decision on the VanEck Bitcoin-ETF. Chairman, Jay Clayton, told CNBC that there was still work to be done, including ongoing concerns over custody and manipulation.

Meanwhile VanEck’s limited ‘Bitcoin trust’ for accredited investors only, hardly set the world alight in its first three days of existence.

Binance however, saw $150 million of open user interest on its futures testnet in the first 24 hours since launch.

It then managed to officially launch the live version of its futures platform, and a full week before Bakkt hits the market. Although Bakkt did let us know that the BTC stored in its custody warehouse is covered by a $125 million insurance policy.

Binance also launched the third phase of its crypto-lending product, adding XRP and Litecoin into the current mix of tokens.

And a hacker stole over 30k EOS tokens, by exploiting a loophole in certain gambling dApps.

What do you make of this weeks crypto news? Let us know your thoughts in the comment section below!