Recap | Institutional demand for Bitcoin and Ethereum causes Grayscale AUM to nearly triple, reduces exposure to XRP | "Zuckbucks" encounters resistance due to Facebook’s damaged reputation
📈 BTC: $9840 (+2.7%) 📈 ETH: $214.46 (+6.3%) 📈 XRP: $0.31 (+4.9%)
|CryptoSlate||Jul 17, 2019|| 2|
Institutional demand for Bitcoin and Ethereum causes Grayscale AUM to nearly triple, reduces exposure to XRP
Grayscale Investments, a New York-based digital currency asset management firm, released its investment report for Q2 2019.
Zuckbucks encounters resistance due to Facebook’s damaged reputation, Libra may precipitate unfavorable legislation
Facebook’s Calibra CEO David Marcus took another beating, this time from members of Congress, with one lawmaker even scorning the proposed Libra cryptocurrency as “Zuckbucks.”
The team behind the Claymore (CLM) token project, a deflationary cryptocurrency launched on the Ethereum blockchain, appears to have pulled an exit scam.
Senate hostile towards Libra, Facebook suggests regulators must act or risk losing US dollar dominance to Bitcoin
The focus of the hearing between Facebook’s David Marcus and the Senate on the Libra cryptocurrency was trust—or the lack thereof. Marcus, the head of Calibra, strongly suggested that if the U.S. doesn’t act quickly, Bitcoin could jeopardize the dollar’s dominance.
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