Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
PayPal officially pulls out of the Libra AssociationIt’s official: PayPal has left the Libra Association — the governing body of Facebook’s embattled digital currency. Although the payment processing giant says it remains supportive of the stablecoin’s aspirations, the company was absent from a meeting of 28 Libra backers on Thursday. Others may follow suit. On Wednesday, reports suggested Mastercard (NYSE:MA) and Visa (NYSE:V) were also unsure about whether they wished to become paid-up participants. Some companies believe Facebook (NASDAQ:FB) exaggerated claims that regulators were comfortable with Libra — something that evidently isn’t the case given the recent backlash. They also fear that regulatory scrutiny could end up bleeding into their own businesses. In other developments this week, leaked audio of Q&A sessions hosted by Mark Zuckerberg in July revealed the CEO wanted to take a consultative approach to get the project off the ground. Meanwhile, American banks on the Federal Advisory Council warned Libra has the potential to create a “shadow banking” system — substantially reducing bank payment volumes.
Altcoins see mixed movements while Bitcoin hovers around $8,000Major U.S. exchanges to jointly define which cryptos are securitiesApple will not create its own digital currency like Facebook, says its CEO“I’d rather have bananas”: Tech billionaire Mark Cuban on BitcoinMost Memorable QuotationsState-backed German bank says Bitcoin will leap to $90,000 in 2020Altcoin platform Coinexchange.io closes for financial reasons$10 million mining fire takes blame as Bitcoin hash rate wobbles Wallet provider Blockchain.com sees a string of exec departuresBug bounties in crypto — The best way to ensure platform safety?Offline transactions: The final frontier for global crypto adoptionResearch claims EOS network can freeze, Block.one denies any errorsContinue Reading on Coin Telegraph