The EU cannot decide what to do with Libra, and coinbase partners with Visa, and can now issue Visa cards, let’s start the show! Welcome back to crypto global news, please make sure you like share and subscribe to the show Also, we want to check out Paxful, Paxful is a peer to peer bitcoin marketplace, where you can buy and sell bitcoin with ease
Check out Paxful from the link below And now, enjoy today’s episode Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up Currently, the European Union can’t figure out what to do about Libra, the digital currency set to be released by Facebook in 2020 What will the EU and governments across the world do with this digital asset? Newly published court documents reveal that an anonymous venture capital firm identified as “Investor F” sought to have evidence redacted from the first court hearing for the dispute between the United States Securities and Exchange Commission (SEC) and Telegram
On Feb, 18, Investor F asserted that emails directly requested by the SEC contain “confidential and commercially sensitive documents” detailing the firm's strategic considerations regarding prospective cryptocurrency investments and custody solutions How will this action affect this ongoing saga? Just a quick reminder, check out Paxful, Paxful is a peer to peer bitcoin marketplace, where you can buy and sell bitcoin with ease Check out Paxful from the link below And now back to today’s episode Steve Chen, who is the mastermind behind the $147 million Gemcoin cryptocurrency scheme, has admitted to wire fraud and tax evasion in a plea agreement
The 62-year-old Southern California resident agreed that he and other co-conspirators fraudulently promoted a cryptocurrency called Gemcoin (or Gem Coins) that helped fleece $147 million from 70,000 victims What is the future for Mr Chen, and what will become of the Gemcoin project? Bitcoin mining startup Layer1 Technologies has begun operations at its West Texas facility, with an ambitious roadmap to secure 30% of the hash rate Layer1, which raised $50 million in November from Thiel, Shasta Ventures and Digital Currency Group, said it has now brought multiple 25-megawatt liquid-cooled mining containers online
How will this exciting new company fare in the months to come? Coinbase is now a principal member of Visa This will allow it to issue debit cards without relying on third parties The membership is an evolution of Coinbase’s current relationship with Visa, with the cryptocurrency exchange providing a Visa-based debit card Called Coinbase Card, it allows customers residing in the European Union or European Community to spend multiple cryptocurrencies While the card itself can function globally, it cannot be ordered by people residing outside of the supported areas
How will this union affect both companies and the cryptopsace moving forward? Many thanks for tuning into today's episode, please make sure you like share and subscribe to the show also make sure you check out Paxful, Paxful is a peer to peer bitcoin marketplace, where you can buy and sell bitcoin with ease Check out Paxful from the link below For crypto global news I am Edward, until next time, you take it easy
