Libra Gets First Major Political Backer in US Congress

Libra, the underfire planned cryptocurrency led by Facebook (NASDAQ:FB), has been dominating headlines in the world of crypto for all the wrong reasons. Regulators on both sides of the Atlantic have been staunchly opposed to the development of the coin, labeling it a threat to the economic and monetary sovereignty of nations. However, in a rare show of political support for Libra, Republican Senator for South Dakota Mike Rounds has written to Anchorage to endorse the project. Anchorage, a South Dakota-based trust fund, is one of the 21 founding chartered…

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Bitcoin Falls to Hold 10K Mark on Political Uncertainty

The month of July has been a month to forget for Bitcoin (BTC) so far as the cryptocurrency has repeatedly struggled to hold on to gains and failed to kick on from the highly impressive run it enjoyed in the first half of the year. Some of the issues that have dogged the cryptocurrency are not actually due to any particular weakness in the market. The introduction of Facebook’s Libra and the associated criticism it has attracted from the highest levels has created a drag on the entire crypto space.…

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