Bitcoin falls below 10k after US lawmakers scrutiny of Libra Coin
Bitcoin fell below $10000 for the first time in two weeks on Tuesday. This comes after US lawmakers scrutiny and criticism of Facebook’s Libra. Libra’s executive David Marcus spoke before the US Senate’s banking committee on Facebook’s plan to implement Libra, pledging it would not do so until regulatory issues were addressed. He stated that “I expect that this will be the broadest, most extensive and most careful pre-launch oversight by regulators and central banks in FinTech’s history.” Amidst this chaos, China’s central bank has given its not to building their own digital currency in response to Facebook’s Libra. Bitcoin’s…





