, in classic fashion, once again rocked the markets today after it dropped sharply following US government’s regulatory warnings, only to recover even faster and crossing the $10,000 psychological barrier.
This week has generally been tough for Bitcoin given how Facebook’s Libra project has not done well at US Congressional hearings, where several concerns were raised regarding the tech giant’s issues with trust, data protection, and privacy.
Today, when US Treasury Secretary Mnuchin was asked about Libra, he reiterated the government’s concerns and revealed that members of the G7 had the same concerns, particularly about Facebook’s Libra and its impact on financial stability.
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