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(Cited from CoinDesk and Cointelegraph)

Billionaire Mark Cuban Says Facebook’s Libra a Big Mistake

Billionaire Mark Cuban Says Facebook’s Libra a Big Mistake

Dallas Mavericks basketball team owner and billionaire entrepreneur Mark Cuban defined Facebook’s Libra stablecoin a big mistake. Dallas Mavericks basketball team owner and billionaire entrepreneur Mark Cuban defined Facebook’s Libra stablecoin a big mistake in an interview with CNBC published on July 12.During his interview, Cuban commented on the social media giant’s cryptocurrency endeavors. He said:“I’m not a big fan of what they’re doing there. […] I think it’s a big mistake.”Cuban reportedly explained…

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Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra

Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra

Federal Reserve chair says time is needed to address concerns about Libra, and that the project cannot move forward until there is broad satisfaction on regulatory policies. Federal Reserve Chair Jerome Powell said there needs to be broad satisfaction with the way Facebook is handling regulatory concerns regarding its forthcoming stablecoin Libra. Powell gave his comments in a hearing before the House Financial Services Committee on July 10.Rep. Steve Stivers asked Powell during the…

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Binance Officially Launches Its 2.0 Platform With Margin Trading

Binance Officially Launches Its 2.0 Platform With Margin Trading

After months of anticipation, top crypto exchange Binance has launched its margin trading platform. Top crypto exchange Binance has launched its margin trading platform, an official blog post published today, July 11, reveals.Binance’s move to expand trading possibilities to meet the full scope of institutional and retail traders’ needs had already been indicated by exchange CEO Changpeng Zhao this May — the same month the exchange had suffered a major hack incurring $41 million…

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