Blockchain 

Bitcoin Slumps as Facebook’s Libra Continues to Get Heavy Criticism

Bitcoin is taking a hit this morning and fell over 8% to below $9,800. Here is the key driver. Tech giant Facebook (NASDAQ:FB)¬†announced in June that it was going to launch its own cryptocurrency named Libra and ever since the announcement, the crypto market has been in a bit of turmoil. It attracted attention from top regulators in the United States and even the United States President Donald Trump criticized the project in one of his tweets. The uncertainty resulted in fluctuations in the price of Bitcoin and affected the…

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Blockchain 

Veritaseum (VERI) Slumps 60% After Emergency Lawsuit by the SEC

Veritaseum (VERI) slumped 60% in the past 24-hour after The United States Securities and Exchange Commission (SEC) has filed an emergency lawsuit. Big Blow for VERI The explosion of the crypto space has led to a lot of tech innovation as companies have resorted to distributed tokens in the form of an Initial Coin Offering in order to raise capital. It has proven to be a highly effective method of raising capital, and many companies have managed to get off the ground using an ICO. However, it goes without saying…

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Blockchain 

Bitcoin (BTC) Slumps 27% This Month

One of the biggest stories of the year has been the roaring comeback made by Bitcoin after it went through a disappointing year in 2018. Throughout the first half of the year, the cryptocurrency made hefty gains. However, the month of July has been a bit of a bumpy ride for Bitcoin as a range of factors has affected the price. The past week has been particularly painful for the cryptocurrency. Over the course of the past seven days, the cryptocurrency has slumped by as much as 27%, and now,…

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