Facebook’s new approach could go well with the regulator – but not with the community
Mark Zuckerberg’s social media mastodon outlined the new direction of its heavily debated Libra project. The paper published by the Libra Association makes three key changes: Libra will be permissioned at first, it will only be stablecoins, and it will use regulated nodes (VASPS). The crypto community could in fact fully disregard the Libra project, highlighting these three changes as the foundation ditching its decentralised ethos.Bitcoin halving sparks search interest – and winners could span the whole sector
Ahead of the bitcoin halving we have seen a massive increase in interest in the event. Google Trends, which tracks increases in the frequency and popularity of specific search phrases, shows that ‘bitcoin halving’ is currently at 100% interest, which means it is at the peak of its popularity, garnering 28% more interest for the search term compared to the 2016 halving.UBI-based cryptos could be the vaccine for wealth inequality
Many countries are beginning to release data showing some positive signs with regards to controlling the coronavirus’ impact., Some of the world is also beginning to discuss how we solve some of the ills that the coronavirus has laid bare when it comes to wealth inequality. With central banks now adopting helicopter money policies to directly put wealth into citizens’ pockets, the use of blockchain technology could help solve some of the logistical issues that come with such a grand scheme. This becomes increasingly important when we think about the vast number of people across the globe that do not have a bank account to receive such capital. By giving everyone a crypto wallet central banks could directly deposit this money into them. It also removes the need for people to jump through the regular bureaucratic hoops of opening a bank account. GoodDollar itself is a research hub, funded by eToro, exploring how UBI principles could be deployed through crypto assets to address global wealth inequality. Theoretically, everyone can receive a GoodDollar token into a crypto wallet. This is just one of the ways that blockchain and cryptocurrencies can help to build a better future if we choose to use them. And we should.Top crypto assets traded on eToro last week (UK clients only)
- BTC 41.6%
- XRP 16.3%
- ETH 12.3%
- BCH 4.4%
- XTZ 4.0%
- LTC 3.6%
Top crypto assets traded on eToro last week (all clients – global)
- BTC 44.2%
- ETH 14.7%
- XRP 9.9%
- BCH 4.9%
- XTZ 4.6%
- LTC 3.1%
This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.
All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk. Photo by on