Mr. Zuckerberg Goes to Washington
Today is arguably the most significant day in Libra's short history.
The Zuck testified before Congress with high hopes of trying to convince US regulators that project Libra could legally proceed in the US You can check out his entire testimony here.
Of course, as we all expected, not a whole lot got accomplished during the regulatory quagmire. But there were a few entertaining zingers and key points along the way... - Zuckerberg said that Facebook won't be involved in Libra's launch unless it gets US approval.
- Zuckerberg essentially took the "If America doesn't lead on this, others will" stance – pushing for the US to innovate and invoking China's work as a warning. (watch clip here)
Generally speaking, those hoping for a "Libra" hearing were utterly disappointed. The bulk of the scolding questions were about Facebook as a company, rather than Libra as a global payment plan.
Get your play by plays - here & here. They'll save you a lot of time.
| | Binance CEO: Russian Ruble to Be First Fiat-Crypto Trading Option
Speaking at the Open Innovations 2019 conference in Moscow on Monday, Binance CEO, Changpeng "CZ" Zhao, confirmed that fiat options are on the way, kicking off with the Russian ruble.
This is a significant step for the platform as up until now it has only supported crypto-to-crypto trading.
| | A Startling Admission...
Former head of the U.S. Commodity Futures Trading Commission (CFTC) said in an interview this past Monday that "the Trump administration acted to deflate the bitcoin bubble of 2017."
"One of the untold stories of the past few years is that the CFTC, the Treasury, the SEC and the [National Economic Council] director at the time, Gary Cohn, believed that the launch of bitcoin futures would have the impact of popping the bitcoin bubble. And it worked."
h/t @MartyBent who expanded on this startling admission soon after the news broke.
| | How to Make More Money Than You Can With Options — Trading a Group of Tiny Stocks
It's no secret that options trading can help you make a lot of money — quickly.
But here's something you may not know: There's a small group of tiny stocks that offer all the upside of options — with much less risk.
And if you know how to trade them, it's not uncommon to see gains like 90%, 238%, 308%, and even 600% in a short amount of time.
The only catch is that you're running out of time to access this wealth of information.
The event began at 8 pm ET, but you can still tune in now.
| | 👥 The 100 Most Influential People in Crypto - 2019 Edition
2019 has been another record year for the blockchain and crypto industry - and these 100 individuals are leading the way in transforming the way people buy, sell, and invest crypto around the world. Mega props.
| | Bill Gates: "This Technology Will Be Worth 10 Microsofts"
Bill Gates – together with a few other billionaires – recently invested in a controversial new technology. He's on record as saying this technology will be worth 10 Microsofts.
PricewaterhouseCoopers predicts it will create a $15 trillion fortune for early adopters and investors.
If you're looking to strike it rich in tech stocks… this is THE technology to have on your radar right now.
| | Telegram Warns of Losses
Last week, the SEC halted Telegram's $1.7B ICO. And this week, Telegram has responded, arguing that Gram – the native cryptocurrency for the Telegram Open Network (TON) – is not a security.
Here's a solid breakdown, courtesy of Avichal Garg, of the monumental SEC filing against Telegram for those interested...
More to the story, Telegram is telling investors who helped fund the creation of its digital token that they'll only receive 77% of their money back unless they agree to postpone the launch of the cryptocurrency for six months.
| | Maduro Unveils Aggressive Plan to Fund Venezuela's Economy in Petro Cryptocurrency
Last week, Venezuela's President, Nicolás Maduro, announced that he will soon create several government funds, denominated in petros, as a way to encourage economic development.
The announcement follows Maduro's acknowledgment that his government owns an undisclosed amount of Bitcoin and Ethereum as part of its international reserves, and that he plans to develop a mechanism to pay debts and charge for services using crypto to bypass U.S. sanctions.
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